Pacific Premier Bancorp (PPBI) Tops Q3 EPS by 18c
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Pacific Premier Bancorp, Inc. Announces Third Quarter 2020 Results
October 27, 2020 6:00 AM EDTIncreases Quarterly Cash Dividend by 12% to $0.28 Per Share
Third Quarter 2020 Summary
Net income of $66.6 million, or $0.70 per diluted share Return on average assets of 1.31%, return on average equity of 9.90%, and return on average tangible common equity of 16.44% Net interest margin of 3.54% and core net interest margin of 3.23% Cost of deposits of 0.20% in the third quarter, compared with 0.32% in the prior quarter Non-maturity deposits of $14.6 billion, or 89.5% of total deposits Noninterest bearing deposits represent 36.1% of total... More