Loading...
•
Jun 30, 2021
Pacific Premier Q2 2021 Earnings Report
Pacific Premier reported net income of $96.3 million, a return on average assets of 1.90%, and a quarterly cash dividend of $0.33 per share.
Key Takeaways
Pacific Premier Bancorp, Inc. reported a strong second quarter of 2021, with net income of $96.3 million, or $1.01 per diluted share. The company saw growth in tangible book value, a solid net interest margin, and a low cost of deposits. Loan production increased significantly, and asset quality remained strong.
Net income was $96.3 million, or $1.01 per diluted share.
Return on average assets was 1.90%, return on average equity was 14.02%, and return on average tangible common equity was 22.45%.
Tangible book value increased to $19.38, compared with $18.19 at March 31, 2021.
Net interest margin was 3.44% and core net interest margin was 3.22%.
Forward Guidance
While the company is seeing signs of improving demand, there continue to be uncertainties surrounding the COVID-19 pandemic. However, the company believes that it is well positioned to deliver consistent financial performance and to capitalize on stronger credit demand as the economy progresses.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...