Pacific Premier Bancorp (PPBI) Misses Q2 EPS by 80c
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Pacific Premier Bancorp, Inc. Announces Second Quarter 2020 Results (Unaudited) and a Quarterly Cash Dividend of $0.25 Per Share
July 27, 2020 6:00 AM EDTSecond Quarter 2020 Summary
Net loss of $99.1 million, or $1.41 per diluted share Pre-provision net revenue ("PPNR") of $60.6 million, excluding $39.3 million of merger-related expense Net interest margin of 3.79% and core net interest margin of 3.59% Nonperforming assets represent 0.17% of total assets Allowance for credit losses (ACL) to total loans held for investment of 2.02% at June 30, 2020 excluding Small Business Administrations Paycheck Protection Program (PPP) loans totaling $1.12 billion Loans held for investment include fair value discount of $144.5 million, or 1.03%, as of June 30,... More