Brief: Pacific Premier Bancorp Q2 EPS USD 0.33

Pacific Premier Bancorp

24/07/2025 21:01

Overview

Pacific Premier Q2 net income declines yr/yr, impacted by non-recurring items

Net interest margin expands 6 bps to 3.12%, driven by lower deposit costs

Co redeems $150 mln in subordinated debt, preparing for Columbia merger

Outlook

Company anticipates merger with Columbia to close by September 1, 2025

Pacific Premier plans to redeem $125 mln of subordinated debt in August

Company highlights strong asset quality despite macroeconomic uncertainties

Result Drivers

NET INTEREST MARGIN - Expansion driven by lower deposit costs, reflecting high-quality deposit base

LOAN COMMITMENTS - New loan commitments nearly doubled from Q1 levels, totaling $578.5 mln

DEBT REDEMPTION - $150 mln subordinated debt redeemed as part of capital management strategy ahead of Columbia merger

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 EPS
$0.33
Q2 Net Income
$32.06 mln
Q2 Net Interest Income
$126.76 mln
Q2 Dividend
$0.33


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the banks peer group is "buy."

Wall Street's median 12-month price target for Pacific Premier Bancorp Inc is $25.00, about 11.4% above its July 23 closing price of $22.15

The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 16 three months ago

Press Release: ID:nBw5Jx03ra

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)