Pacific Premier Bancorp (PPBI) Raises Quarterly Dividend 10% to $0.33; 3% Yield
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Pacific Premier Bancorp, Inc. Announces First Quarter 2021 Financial Results and Increases Quarterly Cash Dividend to $0.33 per Share
April 27, 2021 6:00 AM EDTFirst Quarter 2021 Summary
Net income of $68.7 million, or $0.72 per diluted share Return on average assets of 1.37%, return on average equity of 9.99%, and return on average tangible common equity of 16.21% Increases common equity quarterly dividend by $0.03 to $0.33 per share Net interest margin of 3.55% and core net interest margin of 3.30% Cost of deposits of 0.11% in the first quarter compared with 0.14% in the prior quarter Non-maturity deposits of $15.4 billion, or 91.8% of total deposits Noninterest-bearing deposits represent 37.7% of total... More