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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
2024 (Q4)Consensus EPS Forecast
0.31Last Year’s EPS
0.51Same 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: -3.76%
|Next Earnings Date:Jul 24, 2018
Earnings Call Sentiment|Neutral
The earnings call highlighted strong capital ratios, improved asset quality, and successful reduction of high-cost funding as major strengths. However, challenges such as increased deposit costs, a decline in the loan portfolio, and reduced net interest income were notable. While the company has a positive outlook on future loan demand and deposit trends, these challenges present areas of concern.Company Guidance
During Pacific Premier Bancorp's Q3 2024 earnings call, executives provided detailed guidance and financial metrics. The company reported earnings of $36 million, or $0.37 per share, with noninterest-bearing deposits comprising 32% of total deposits. Their average cost of deposits rose to 1.84%, although the spot deposit cost was slightly lower at 1.80%. The tangible common equity ratio increased by 42 basis points to 11.83%, while the CET1 ratio reached 16.83%, and the total risk-based capital ratio was 20.05%. The loan-to-deposit ratio stood at 83.1%, and nonperforming loans decreased to $39 million, equating to 0.32% of total loans. The company's efficiency ratio was 66.1%, and they achieved a net interest margin of 3.16%. For Q4, the company anticipates net interest income between $120 million and $125 million, and noninterest income is expected to be around $19 million. Overall, the company remains optimistic about growth and market share expansion in 2025, supported by strong capital and liquidity positions.Solid Earnings Performance
The company generated earnings of $36 million, or $0.37 per share, with return on average assets at 0.79% and average tangible common equity at 7.63%.
Strong Capital Ratios
The tangible common equity ratio increased by 42 basis points to 11.83%, CET1 ratio to 16.83%, and total risk-based capital ratio ended the quarter at 20.05%.
Improved Asset Quality
Nonperforming loans decreased by $13 million to $39 million, with nonperforming assets at 0.22% of total assets and delinquencies at 0.08% of loans.
Stable Deposit Trends
Noninterest-bearing deposits increased, comprising 32% of total deposits, with expectations of minimal volatility in deposit flows for the remainder of the year.
Successful Reduction of High-Cost Funding
Brokered deposits decreased by $184 million, and a $200 million FHLB term advance was repaid, significantly reducing higher-cost wholesale funding sources.
Optimistic Outlook for Loan Demand
Recent client conversations suggest increased loan demand beginning in the fourth quarter, with a growing loan pipeline and strategic pricing adjustments improving competitive position.
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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 |
|---|---|---|---|
| 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% |
| Jan 29, 2024 | $26.50 | $26.56 | +0.23% |
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 2024 (Q4) is 0.31.
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