Pacific Premier Bancorp (PPBI) Raises Quarterly Dividend 7.1% to $0.30; 3.4% Yield

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Pacific Premier Bancorp (PPBI) Tops Q4 EPS by 22c; Approves New $150M Share Buyback Plan

January 26, 2021 6:01 AM EST

Pacific Premier Bancorp (NASDAQ: PPBI) reported Q4 EPS of $0.71, $0.22 better than the analyst estimate of $0.49.

Fourth Quarter 2020 Summary

Net income of $67.1 million, or $0.71 per diluted shareReturn 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 quarterNoninterest bearing deposits represent 37% of total depositsNonperforming assets represent 0.15% of total assetsTotal loan delinquency of 0.10% compared with 0.22% in the prior... More