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Jun 30, 2022
Pacific Premier Q2 2022 Earnings Report
Announced second quarter 2022 financial results with net income of $69.8 million and EPS of $0.73.
Key Takeaways
Pacific Premier Bancorp reported a net income of $69.8 million, or $0.73 per diluted share, for the second quarter of 2022. The company's return on average assets was 1.29%, return on average equity was 10.10%, and return on average tangible common equity was 16.07%. Total assets increased to $21.99 billion.
Net income of $69.8 million, or $0.73 per diluted share
Return on average assets of 1.29%, return on average equity of 10.10%, and return on average tangible common equity of 16.07%
Pre-provision net revenue (“PPNR”) to average assets of 1.77%, annualized, and efficiency ratio of 49.0%
Diversified loan growth of $356.3 million, or 9.7% annualized
Pacific Premier
Pacific Premier
Forward Guidance
The Company is well-positioned to effectively navigate through any economic environment and take advantage of opportunities to drive franchise value higher in future periods.