Published on 23 Apr 2024 on GuruFocus.com via Yahoo Finance
Pacific Premier Bancorp Inc (PPBI) Q1 2024 Earnings: Surpasses EPS Estimates with Strategic ...
Net Income: $47.0 million, surpassing the estimated $44.28 million.Earnings Per Share (EPS): Reported at $0.49, exceeding the estimate of $0.47.Revenue: Net interest income reported at $145.1 million, falling short of the estimated revenue of $149.35 million.Net Interest Margin: Increased by 11 basis points to 3.39% from the previous quarter.Cost of Deposits: Rose to 1.59% from 1.56% in the previous quarter, reflecting increased cost pressures.Non-Maturity Deposits: Constituted 84.4% of total deposits, slightly down from 84.7% in the previous quarter.Capital Ratios: Common equity tier 1 capital ratio improved to 15.02%, indicating a strong capital position.
Warning! GuruFocus has detected 1 Warning Sign with PPBI.