Pacific Premier Bancorp (PPBI) Misses Q1 EPS by 4c

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Go back to Pacific Premier Bancorp (PPBI) Misses Q1 EPS by 4c

Pacific Premier Bancorp, Inc. Announces First Quarter 2020 Results (Unaudited) and a Quarterly Cash Dividend of $0.25 Per Share

April 28, 2020 6:00 AM EDT

First Quarter 2020 Summary

Net income of $25.7 million, or $0.43 per diluted share Return on average assets of 0.89%, return on average equity of 5.05% and return on average tangible common equity of 9.96% Net interest margin of 4.24% and core net interest margin of 4.08% Non-maturity deposit growth of $169.9 million, or 9% annualized Noninterest bearing deposits represent 43% of total deposits and non-maturity deposits represent 88% of total deposits Nonperforming assets represent 0.18% of total assets Adopted new Current Expected Credit Losses (CECL) accounting... More