Pacific Premier Bancorp (PPBI) Declares $0.33 Quarterly Dividend; 5.2% Yield
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Pacific Premier Bancorp, Inc. Announces Second Quarter 2023 Financial Results and a Quarterly Cash Dividend of $0.33 Per Share
July 27, 2023 5:58 AM EDTSecond Quarter 2023 Summary
Net income of $57.6 million, or $0.60 per diluted share Return on average assets of 1.09%, return on average equity of 8.11%, and return on average tangible common equity(1) of 12.66% Pre-provision net revenue (PPNR)(1) to average assets of 1.52%, annualized Net interest margin of 3.33% Cost of deposits of 1.27%, and cost of non-maturity deposits(1) of 0.71% Nonperforming assets to total assets of 0.08%, and net charge-offs to average loans of 0.03% Common equity tier 1 capital ratio of 14.34% and total risk-based capital ratio of... More