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Pacific Premier Bancorp Inc (PPBI)
NASDAQ:PPBI
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Earnings Data
Report Date
Jan 23, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.3Last Year’s EPS
0.49Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 23, 2018
|% Change Since: 5.61%
|Next Earnings Date:Jul 24, 2018
Earnings Call Sentiment|Positive
The earnings call reflects a generally positive outlook, with strong quarterly performance, improved funding mix, and robust capital ratios indicating resilience and potential for future growth. However, challenges such as the impact of California wildfires and narrowing net interest margins suggest areas of concern that need monitoring.Company Guidance
During the Pacific Premier Bancorp fourth-quarter 2024 earnings call, guidance was provided with several key financial metrics. The company reported earnings per share of $0.35, a return on average assets of 75 basis points, and a return on tangible common equity of 7.2%. Their cost of funds decreased by 9 basis points to 1.88%, while the spot deposit cost at year-end declined by 8 basis points to 1.72%. The loan-to-deposit ratio stood at 83.3%, and the tangible common equity ratio was 11.92%. Projections for 2025 include net interest income between $500 million and $525 million, noninterest income in the range of $80 million to $85 million, and noninterest expense between $405 million and $415 million. The company anticipates low to mid-single-digit loan growth and expects to maintain its dividend while exploring strategic capital deployment options, including potential M&A activities and share repurchases.Solid Fourth Quarter Performance
Pacific Premier Bancorp delivered a solid fourth quarter with earnings per share of $0.35, a return on average assets of 75 basis points, and a return on tangible common equity of 7.2%.
Improvement in Funding Mix
The company reduced higher cost deposits by $163 million while increasing lower-cost transaction deposits by $146 million, effectively enhancing the overall balance sheet position.
Strong Capital Ratios
Tangible common equity ratio increased to 11.92%, and the total risk-based capital ratio increased nearly 300 basis points year-over-year, ranking near the top of the KBW Regional Banking Index.
Positive Loan Origination Activity
New loan commitments totaled $316 million, the highest level since Q3 2022. Loan pipelines are ramping up, indicating strong potential for future growth.
Resilient Asset Quality
Nonperforming loans decreased by $11 million to $28 million, and total delinquencies fell to $2.6 million, or 0.02% of loans, demonstrating effective credit risk management.
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PPBI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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PPBI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Jan 23, 2025 | $24.42 | $24.92 | +2.05% |
| Oct 24, 2024 | $25.54 | $24.69 | -3.33% |
| Jul 24, 2024 | $27.52 | $25.86 | -6.03% |
| Apr 24, 2024 | $21.69 | $21.82 | +0.60% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Pacific Premier Bancorp Inc (PPBI) report earnings?
Pacific Premier Bancorp Inc (PPBI) is schdueled to report earning on Jan 23, 2025, TBA Not Confirmed.
What is Pacific Premier Bancorp Inc (PPBI) earnings time?
Pacific Premier Bancorp Inc (PPBI) earnings time is at Jan 23, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is PPBI EPS forecast?
PPBI EPS forecast for the fiscal quarter 2025 (Q1) is 0.3.
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