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Pacific Premier (PPBI) repositions its investment securities portfolio by selling $1.27 billion of AFS securities to reinvest proceeds in higher-yielding earning assets.
Pacific Premier Bancorp, Inc. (Nasdaq: PPBI) (“Pacific Premier”), the holding company of Pacific Premier Bank (the “Bank,” and together with Pacific Premier, the “Company”), announced the Bank completed an investment securities portfolio repositioning. The Bank sold approximately $1.27 billion of available-for-sale securities consisting primarily of lower-yielding agency and mortgage-backed debt securities with an average yield of 1.34% for an estimated after-tax loss of approximately $182.3 million.
Pacific Premier Bancorp (PPBI) came out with quarterly earnings of $0.48 per share, missing the Zacks Consensus Estimate of $0.56 per share. This compares to earnings of $0.77 per share a year ago.
Pacific Premier Bancorp (PPBI) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
IRVINE, Calif.--(BUSINESS WIRE)---- $PPBI #PPBI--Pacific Premier Bancorp, Inc. to Announce Third Quarter 2023 Financial Results on October 24, 2023.
These four regional banking stocks are worth looking at for two basic reasons. First, the collapse of Silicon Valley Bank earlier this year, which took the entire sector down.
Although the revenue and EPS for Pacific Premier Bancorp (PPBI) give a sense of how its business performed in the quarter ended June 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Pacific Premier Bancorp (PPBI) came out with quarterly earnings of $0.60 per share, beating the Zacks Consensus Estimate of $0.59 per share. This compares to earnings of $0.73 per share a year ago.
Pacific Premier Bancorp (PPBI) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Both the loan balance and the net interest margin will likely remain somewhat stable for the remainder of the year following poor performance in the first quarter. PPBI is currently offering a dividend yield of 7.4%. The dividend appears secure.