Pacific Premier Bancorp (PPBI) Declares $0.25 Quarterly Dividend; 5% Yield

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

April 28, 2020 6:13 AM EDT

Pacific Premier Bancorp (NASDAQ: PPBI) reported Q1 EPS of $0.43, $0.04 worse than the analyst estimate of $0.47.

First Quarter 2020 Summary

Net income of $25.7 million, or $0.43 per diluted shareReturn 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% annualizedNoninterest bearing deposits represent 43% of total deposits and non-maturity deposits represent 88% of total depositsNonperforming assets represent 0.18% of total assetsAdopted new Current Expected Credit Losses (CECL) accounting standard effective... More