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Dec 31, 2021
Pacific Premier Q4 2021 Earnings Report
Reported solid financial results driven by disciplined business development and client relationship management, leveraging innovative technology systems.
Key Takeaways
Pacific Premier Bancorp reported a net income of $84.8 million for Q4 2021, with a return on average assets of 1.63% and loan growth of $315.8 million. The company delivered strong financial performance, growing tangible book value by 8.8% during 2021 and returning $140 million of capital to shareholders.
Net income was $84.8 million, or $0.89 per diluted share.
Return on average assets was 1.63%, return on average equity was 11.90%, and return on average tangible common equity was 18.66%.
Loan growth was $315.8 million, or 9.0% annualized.
Net interest margin was 3.53%, and core net interest margin was 3.36%.
Revenue by Segment
Forward Guidance
Pacific Premier Bancorp is well-positioned to deliver another year of solid financial performance, focused on achieving organic growth objectives and pursuing strategic growth opportunities.
Positive Outlook
- Well-positioned to deliver another year of solid financial performance.
- Focused on achieving organic growth objectives.
- Pursuing strategic growth opportunities to strengthen the franchise.
- Committed to creating long-term value for shareholders.
- Disciplined approach to business development and client relationship management.
Challenges Ahead
- Challenging environment throughout the past year.
- Increasing probability of higher interest rates.
- Continued deterioration in general business and economic conditions.
- Turbulence in domestic or global financial markets.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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