Pacific Premier Bancorp (PPBI) Declares $0.33 Quarterly Dividend; 4.7% Yield
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Pacific Premier Bancorp, Inc. Announces Second Quarter 2024 Financial Results and a Quarterly Cash Dividend of $0.33 Per Share
July 24, 2024 5:58 AM EDTSecond Quarter 2024 Summary
Net income of $41.9 million, or $0.43 per diluted share Return on average assets of 0.90% Pre-provision net revenue (PPNR)(1) to average assets of 1.23%, annualized Net interest margin of 3.26% Cost of deposits of 1.73%, and cost of non-maturity deposits(1) of 1.17% Non-maturity deposits(1) to total deposits of 83.66% Non-interest bearing deposits totaled 31.6% of total deposits Total delinquency of 0.14% of loans held for investment Nonperforming assets to total assets of 0.28% Tangible book value per... More