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Sep 30, 2022
Pacific Premier Q3 2022 Earnings Report
Announced third quarter 2022 financial results and a quarterly cash dividend of $0.33 per share.
Key Takeaways
Pacific Premier Bancorp reported a net income of $73.4 million, or $0.77 per diluted share, for the third quarter of 2022. The company's return on average assets was 1.35%, return on average equity was 10.57%, and return on average tangible common equity was 16.74%. Total assets were $21.62 billion at September 30, 2022.
Net income of $73.4 million, or $0.77 per diluted share
Return on average assets of 1.35%, return on average equity of 10.57%, and return on average tangible common equity of 16.74%
Pre-provision net revenue to average assets of 1.85%, annualized, and efficiency ratio of 48.3%
Net interest margin of 3.61%, and core net interest margin of 3.44%
Pacific Premier
Pacific Premier
Forward Guidance
The Company's estimated effective tax rate for the full year is expected to be in the range of 26% to 27%.