Pacific Premier Bancorp (PPBI) Misses Q1 EPS by 4c
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Pacific Premier Bancorp, Inc. Announces First Quarter 2022 Financial Results and a Quarterly Cash Dividend of $0.33 Per Share
April 26, 2022 5:59 AM EDTFirst Quarter 2022 Summary
Net income of $66.9 million, or $0.70 per diluted share Return on average assets of 1.28%, return on average equity of 9.34%, and return on average tangible common equity of 14.66%(1) Diversified loan growth of $438.6 million, or 12.3% annualized Deposit growth of $573.6 million, or 13.4% annualized Net interest margin of 3.41%, and core net interest margin of 3.33%(1) Cost of deposits remained unchanged at 0.04% Noninterest-bearing deposits increased to 40.2% of total deposits Nonperforming assets to total assets of 0.26%,... More