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PPBI — Pacific Premier Bancorp News Story

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Pacific Premier Bancorp Inc reports results for the quarter ended June 30 - Earnings Summary

Pacific Premier Bancorp Inc PPBI.OQ reported quarterly adjusted earnings of 41 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 43 cents.  The mean expectation of six analysts for the quarter was for earnings of 32 cents per share. Wall Street expected results to range from 27 cents to 36 cents per share.

Revenue fell 7.1% to $126.76 million from a year ago; analysts expected $129.98 million.

Pacific Premier Bancorp Inc's reported EPS for the quarter was 33 cents​.

The company reported quarterly net income of $32.06 million.

Pacific Premier Bancorp Inc shares had risen by 5.0% this quarter and lost 11.1% so far this year.

FORECAST CHANGES

The mean earnings estimate of analysts had fallen by about 1.2% in the last three months.​

In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

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 last closing price of $22.15

This summary was machine generated from LSEG data July 24 at 08:30 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)

QUARTER ENDINGESTIMATEACTUALBEAT, MET, MISSED
Jun. 30 20250.320.41Beat
Mar. 31 20250.300.37Beat
Dec. 31 20240.310.35Beat
Sep. 30 20240.380.37Missed

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