Pacific Premier reports Q2 EPS 43c, consensus 43c

Reports Q2 revenue $154.62M, consensus $145.77M. Reports Q2 CET1 capital ratio 15.89%. Reports Q2 tangible book value per share $20.58. Steven Gardner, Chairman, Chief Executive Officer, and President of the Company, commented, “We delivered solid financial results for the second quarter, producing net income of $41.9 million, or $0.43 per share. Our results reflect our disciplined approach to balance sheet and risk management, as well as our ongoing focus on capital accumulation. Our quarter-end tangible common equity(1) and tier 1 common equity ratios increased to 11.41% and 15.89%, respectively, placing us near the top of our peers for both ratios.”