Pacific Premier Bancorp (PPBI) Declares $0.33 Quarterly Dividend; 5.1% Yield
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Pacific Premier Bancorp, Inc. Announces Third Quarter 2024 Financial Results and a Quarterly Cash Dividend of $0.33 Per Share
October 24, 2024 5:58 AM EDTThird Quarter 2024 Summary
Net income of $36.0 million, or $0.37 per diluted share Return on average assets of 0.79% Pre-provision net revenue (PPNR)(1) to average assets of 1.06%, annualized Net interest margin of 3.16% Average cost of deposits of 1.84%, and spot cost of deposits of 1.80% Non-maturity deposits(1) to total deposits of 84.30% Non-interest bearing deposits totaled 32.0% of total deposits Total delinquency of 0.08% of loans held for investment Nonperforming assets to total assets of 0.22% Tangible book... More