Pacific Premier Bancorp, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 24, 2023 at 06:08 am EDT
Share
Pacific Premier Bancorp, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported net interest income was USD 149.55 million compared to USD 181.11 million a year ago. Net income was USD 46.03 million compared to USD 73.36 million a year ago. Basic earnings per share from continuing operations was USD 0.48 compared to USD 0.77 a year ago. Diluted earnings per share from continuing operations was USD 0.48 compared to USD 0.77 a year ago.
For the nine months, net interest income was USD 478.25 million compared to USD 515.72 million a year ago. Net income was USD 166.23 million compared to USD 210.07 million a year ago. Basic earnings per share from continuing operations was USD 1.74 compared to USD 2.22 a year ago. Diluted earnings per share from continuing operations was USD 1.74 compared to USD 2.21 a year ago.
Pacific Premier Bancorp, Inc. is a bank holding company. The Company operates through its wholly owned subsidiary, Pacific Premier Bank (the Bank). The Bank provides banking products and services, including deposit accounts, digital banking, and treasury management services, to businesses, professionals, entrepreneurs, real estate investors, and nonprofit organizations. The Bank also offers a range of loan products, such as commercial business loans, lines of credit, commercial real estate loans, agribusiness loans, franchise lending, and construction loans. Pacific Premier Bank offers commercial escrow services and facilitates 1031 Exchange transactions through its Commerce Escrow division. The Bank offers clients individual retirement account (IRA) custodial services through its Pacific Premier Trust division. It conducts business throughout the Western Region of the United States from its 58 full-service depository branches located in Arizona, California, Nevada, and Washington.
PACIFIC PREMIER BANCORP, INC. 
