Pacific Premier Bancorp (PPBI) Declares $0.33 Quarterly Dividend; 3.5% Yield
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Pacific Premier Bancorp, Inc. Announces Second Quarter 2021 Financial Results and a Quarterly Cash Dividend of $0.33 Per Share
July 27, 2021 6:00 AM EDTSecond Quarter 2021 Summary
Net income of $96.3 million, or $1.01 per diluted share Return on average assets of 1.90%, return on average equity of 14.02%, and return on average tangible common equity of 22.45%(1) Tangible book value increases to $19.38, compared with $18.19 at March 31, 2021(1) Net interest margin of 3.44% and core net interest margin of 3.22%(1) Cost of deposits of 0.08% in the second quarter compared with 0.11% in the prior quarter Non-maturity deposits of $15.8 billion, or 92.6% of total deposits Noninterest-bearing deposits represent 39.8% of total... More