Pacific Premier Bancorp (PPBI) Declares $0.33 Quarterly Dividend; 5.8% Yield
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Pacific Premier Bancorp, Inc. Announces First Quarter 2024 Financial Results and a Quarterly Cash Dividend of $0.33 Per Share
April 24, 2024 5:58 AM EDTFirst Quarter 2024 Summary
Net income of $47.0 million, or $0.49 per diluted share Return on average assets of 0.99%, return on average equity of 6.50%, and return on average tangible common equity(1) of 10.05% Pre-provision net revenue (PPNR)(1) to average assets of 1.43%, annualized Net interest margin expanded 11 basis points to 3.39% Cost of deposits of 1.59%, and cost of non-maturity deposits(1) of 1.06% Non-maturity deposits(1) to total deposits of 84.42% Total delinquency of 0.09% of loans held for investment Nonperforming assets to total assets of... More