Pacific Premier Bancorp (PPBI) Misses Q4 EPS by 1c
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Pacific Premier Bancorp, Inc. Announces Fourth Quarter 2022 Financial Results and a Quarterly Cash Dividend of $0.33 Per Share
January 26, 2023 5:59 AM ESTFourth Quarter 2022 Summary
Net income of $73.7 million, or $0.77 per diluted share Return on average assets of 1.36%, return on average equity of 10.71%, and return on average tangible common equity(1) of 16.99% Pre-provision net revenue (PPNR) to average assets(1) of 1.89%, annualized, increased from 1.85% in the prior quarter Efficiency ratio(1) of 47.4%, compared with 48.3% in the prior quarter Net interest margin of 3.61%, and core net interest margin(1) of 3.38% Cost of deposits of 0.58%, and cost of core deposits(1) of 0.31% Loan-to-deposit ratio of 84.6%,... More