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Mar 31
Pacific Premier Q1 2025 Earnings Report
Pacific Premier Bancorp, Inc. reported strong financial results for the first quarter of 2025, with increased net income and improved net interest margin.
Key Takeaways
Pacific Premier Bancorp, Inc. announced net income of $36.0 million, or $0.37 per diluted share, for the first quarter of 2025. The company's return on average assets was 0.80%, and the net interest margin expanded to 3.06%. Total assets were $18.09 billion at March 31, 2025.
Net income increased to $36.0 million, or $0.37 per diluted share, for Q1 2025.
Net interest margin expanded by 4 basis points to 3.06% due to lower cost of funds.
Non-maturity deposits increased by $247.0 million, or 8% annualized, improving the deposit mix.
Asset quality remained strong with total delinquency at 0.02% of loans held for investment and net recoveries of $343,000.
Pacific Premier
Pacific Premier
Pacific Premier Revenue by Segment
Revenue by Segment
Loan servicing income Revenue
CapyFin.comService charges on deposit accounts Revenue
CapyFin.comOther service fee income Revenue
CapyFin.comDebit card interchange fee income Revenue
CapyFin.comEarnings on bank owned life insurance Revenue
CapyFin.comNet gain from sales of loans Revenue
CapyFin.comTrust custodial account fees Revenue
CapyFin.comEscrow and exchange fees Revenue
CapyFin.comOther income Revenue
CapyFin.com Forward Guidance
The company has cancelled its previously announced conference call due to a merger agreement with Columbia Banking System, Inc. A joint conference call will be held to discuss the definitive merger agreement.
Positive Outlook
- The company is well-positioned with strong levels of capital, liquidity, and reserves.
- The proactive risk management approach provides significant optionality.
- The company maintains strong capital levels, with a tier 1 common equity ratio at 16.99% and total risk-based capital ratio at 20.23%.
- The company's asset quality remains strong, reflecting the high credit quality of its client base.
- The company continues to prioritize risk management and build strong financial foundations.
Challenges Ahead
- The company's future developments may differ from management's expectations.
- The company is subject to risks and uncertainties in the U.S. economy and local economies.
- Adverse developments in the banking industry could impact customer confidence and liquidity.
- Changes in trade, monetary, and fiscal policies, including interest rates, could affect performance.
- Geopolitical conditions, natural disasters, and cybersecurity threats pose ongoing risks.