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Sep 30, 2020
Pacific Premier Q3 2020 Earnings Report
Reported solid financial results, managed through the COVID-19 crisis, integrated the Opus Bank team, and enhanced the ability to drive franchise value.
Key Takeaways
Pacific Premier Bancorp reported a net income of $66.6 million, or $0.70 per diluted share, for the third quarter of 2020. The company's return on average assets was 1.31%, return on average equity was 9.90%, and return on average tangible common equity was 16.44%. The net interest margin was 3.54%, and the core net interest margin was 3.23%.
Net income of $66.6 million, or $0.70 per diluted share
Return on average assets of 1.31%, return on average equity of 9.90%, and return on average tangible common equity of 16.44%
Net interest margin of 3.54% and core net interest margin of 3.23%
Cost of deposits of 0.20% in the third quarter, compared with 0.32% in the prior quarter
Pacific Premier
Pacific Premier
Forward Guidance
The Board of Directors has approved an increase in the common stock dividend to $0.28 per share.