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Stock impact report

Pacific Premier Bancorp, Inc. Announces Second Quarter 2022 Financial Results and a Quarterly Cash Dividend of $0.33 Per Share

Pacific Premier Bancorp Inc (PPBI) 
Last pacific premier bancorp inc earnings: 4/28 06:00 am Check Earnings Report
US:NASDAQ Investor Relations: ppbi.com
Company Research Source: Business Wire
Second Quarter 2022 SummaryNet income of $69.8 million, or $0.73 per diluted shareReturn on average assets of 1.29%, return on average equity of 10.10%, and return on average tangible common equity of 16.07%(1)Pre-provision net revenue (“PPNR”) to average assets of 1.77%, annualized, and efficiency ratio of 49.0%(1)Diversified loan growth of $356.3 million, or 9.7% annualized(2)Net interest margin of 3.49%, and core net interest margin of 3.33%(1)Cost of deposits of 0.06%, and cost of core deposits of 0.04%(1)Noninterest-bearing deposits represent 38.3% of total depositsNonperforming assets to total assets of 0.20%, and classified assets to total assets of 0.48% IRVINE, Calif.--(BUSINESS WIRE)--Pacific Premier Bancorp, Inc. (NASDAQ: PPBI) (the “Company” or “Pacific Premier”), the holding company of Pacific Premier Bank (the “Bank”), reported net income of $69.8 million, or $0.73 per diluted share, for the second quarter of 2022, compared with net income of $66.9 million, or $0.70 p Show less Read more
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