Pacific Premier Bancorp (PPBI) Declares $0.33 Quarterly Dividend; 6.3% Yield
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Pacific Premier Bancorp, Inc. Announces First Quarter 2023 Financial Results and a Quarterly Cash Dividend of $0.33 Per Share
April 27, 2023 5:59 AM EDTFirst Quarter 2023 Summary
Net income of $62.6 million, or $0.66 per diluted share Return on average assets of 1.15%, return on average equity of 8.87%, and return on average tangible common equity(1) of 13.89% Pre-provision net revenue (PPNR)(1) to average assets of 1.63%, annualized Net interest margin of 3.44% Cost of deposits of 0.94%, and cost of core deposits(1) of 0.54%; total deposits decreased $144.6 million, or 0.8%, from the prior quarter Nonperforming assets to total assets of 0.14%, and net charge-offs to average loans of 0.02% Total risk-based... More