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Mar 31, 2020
Pacific Premier Q1 2020 Earnings Report
Reported a decrease in net income due to increased provision for credit losses related to COVID-19 economic disruption.
Key Takeaways
Pacific Premier Bancorp reported a net income of $25.7 million for Q1 2020, with a return on average assets of 0.89%. The results were impacted by a $25.5 million provision for credit losses due to the COVID-19 pandemic.
Net income was $25.7 million, or $0.43 per diluted share.
Return on average assets was 0.89%, return on average equity was 5.05%, and return on average tangible common equity was 9.96%.
Net interest margin was 4.24%, and core net interest margin was 4.08%.
Nonperforming assets represent 0.18% of total assets.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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