Pacific Premier Bancorp (PPBI) Tops Q4 EPS by 22c; Approves New $150M Share Buyback Plan
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Pacific Premier Bancorp, Inc. Announces Fourth Quarter 2020 Financial Results and Increases Quarterly Cash Dividend to $0.30 per Share
January 26, 2021 6:00 AM ESTFourth Quarter 2020 Summary
Net income of $67.1 million, or $0.71 per diluted share Return on average assets of 1.34%, return on average equity of 9.91%, and return on average tangible common equity of 16.32% Net interest margin of 3.61% and core net interest margin of 3.32% Cost of deposits of 0.14% in the fourth quarter compared with 0.20% in the prior quarter Noninterest bearing deposits represent 37% of total deposits Nonperforming assets represent 0.15% of total assets Total loan delinquency of 0.10% compared with 0.22% in the prior... More