Pacific Premier Bancorp (PPBI) Tops Q3 EPS by 12c

Pacific Premier Bancorp (NASDAQ: PPBI) reported Q3 EPS of $0.95, $0.12 better than the analyst estimate of $0.83. Revenue for the quarter came in at $199.2 million versus the consensus estimate of $166.08 million.

• Return on average assets of 1.73%, return on average equity of 12.67%, and return on average tangible common equity of 19.89%(1)
• Pre-provision net revenue (“PPNR”) on average assets of 1.98%, annualized, and efficiency ratio of 47.5%(1)
• Loan and deposit growth of 11.5% and 10.7%, annualized, respectively
• Net interest margin of 3.51%, compared with 3.44% in the prior quarter
• Cost of deposits of 0.06% in the third quarter compared with 0.08% in the prior quarter
• Tangible book value per diluted share increased to $19.75, compared with $19.38 at prior quarter(1)

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

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