Pacific Premier Bancorp (PPBI) Declares $0.33 Quarterly Dividend; 6.5% Yield
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Pacific Premier Bancorp, Inc. Announces Third Quarter 2023 Financial Results and a Quarterly Cash Dividend of $0.33 Per Share
October 24, 2023 5:58 AM EDTThird Quarter 2023 Summary
Net income of $46.0 million, or $0.48 per diluted share Return on average assets of 0.88%, return on average equity of 6.43%, and return on average tangible common equity(1) of 10.08% Pre-provision net revenue (PPNR)(1) to average assets of 1.27%, annualized Net interest margin of 3.12% Cost of deposits of 1.50%, and cost of non-maturity deposits(1) of 0.89% Total delinquency of 0.08% of loans held for investment, and nonperforming assets to total assets of 0.13% Common equity tier 1 capital ratio of 14.87%, and total risk-based capital ratio of... More