Pacific Premier Bancorp (PPBI) Declares $0.33 Quarterly Dividend; 5.4% Yield
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Pacific Premier Bancorp, Inc. Announces Fourth Quarter 2024 Financial Results and a Quarterly Cash Dividend of $0.33 Per Share
January 23, 2025 5:58 AM ESTFourth Quarter 2024 Summary
Net income of $33.9 million, or $0.35 per diluted share Return on average assets of 0.75% Average cost of deposits decreased 5 bps to 1.79%, end-of-period cost of deposits of 1.72% Non-maturity deposits increased $145.8 million to $12.35 billion, or 85.4% of total deposits Loans held for investment increased $4.6 million to $12.04 billion Total delinquency of 0.02% of loans held for investment, nonperforming assets to total assets of 0.16%, and net charge-offs to average loans of 0.01% Tangible book value per share(1) increased $0.16... More