Pacific Premier Bancorp (PPBI) Declares $0.33 Quarterly Dividend; 4.2% Yield
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Pacific Premier Bancorp, Inc. Announces Second Quarter 2022 Financial Results and a Quarterly Cash Dividend of $0.33 Per Share
July 21, 2022 5:58 AM EDTSecond Quarter 2022 Summary
Net income of $69.8 million, or $0.73 per diluted share Return on average assets of 1.29%, return on average equity of 10.10%, and return on average tangible common equity of 16.07%(1) Pre-provision net revenue (PPNR) to average assets of 1.77%, annualized, and efficiency ratio of 49.0%(1) Diversified loan growth of $356.3 million, or 9.7% annualized(2) Net interest margin of 3.49%, and core net interest margin of 3.33%(1) Cost of deposits of 0.06%, and cost of core deposits of 0.04%(1) Noninterest-bearing deposits represent 38.3% of total... More