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Dec 31, 2019
Pacific Premier Q4 2019 Earnings Report
Pacific Premier's financial performance remained strong, marked by solid profitability and strategic capital management.
Key Takeaways
Pacific Premier Bancorp reported a net income of $41.1 million for Q4 2019, with a return on average assets of 1.42% and a return on average tangible common equity of 15.89%. The company's net interest margin was 4.33%, and it saw growth in non-maturity deposits. A new $100 million share repurchase program was approved, and the quarterly cash dividend was increased to $0.25 per share.
Net income reached $41.1 million, translating to $0.69 per diluted share.
Return on average assets stood at 1.42%, while return on average equity was 8.20%.
Net interest margin was reported at 4.33%, with a core net interest margin of 4.10%.
Non-maturity deposits experienced growth of $335.3 million, which is an annualized increase of 18%.
Forward Guidance
The Company anticipates a core net interest margin range of 3.95% to 4.05% and a noninterest income range of $6.5 million to $7.0 million for Q1 2020. Total operating expenses are expected to be between $65.0 million and $66.0 million, with a full year 2020 effective tax rate between 26.0% and 28.0%.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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