Pacific Premier Bancorp (PPBI) Reports In-Line Q1 EPS

Pacific Premier Bancorp (NASDAQ: PPBI) reported Q1 EPS of $0.60, in-line with the analyst estimate of $0.60.

First Quarter 2018 Summary

• Net income of $28.0 million, an increase of $11.8 million, or 73%, over the prior quarter
• Diluted earnings per share of $0.60
• ROAA and ROATCE of 1.39% and 16.51%, respectively
• Efficiency ratio of 52%
• Net interest margin of 4.50%
• Announced acquisition of Grandpoint Capital, Inc.
• Non-maturity deposits at 82% of total deposits
• New loan commitments of $488 million

For earnings history and earnings-related data on Pacific Premier Bancorp (PPBI) click here.

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