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Dec 31, 2022
Pacific Premier Q4 2022 Earnings Report
Announced fourth quarter 2022 financial results and a quarterly cash dividend of $0.33 per share.
Key Takeaways
Pacific Premier Bancorp reported net income of $73.7 million, or $0.77 per diluted share, for the fourth quarter of 2022. The company's return on average assets was 1.36%, return on average equity was 10.71%, and return on average tangible common equity was 16.99%. Total assets as of December 31, 2022 were $21.69 billion.
Net income of $73.7 million, or $0.77 per diluted share
Return on average assets of 1.36%, return on average equity of 10.71%, and return on average tangible common equity of 16.99%
Pre-provision net revenue to average assets of 1.89%, annualized, increased from 1.85% in the prior quarter
Efficiency ratio of 47.4%, compared with 48.3% in the prior quarter