Pacific Premier Bancorp (PPBI) Surpasses Q4 Earnings and Revenue Estimates

Core Viewpoint - Pacific Premier Bancorp (PPBI) reported quarterly earnings of $0.35 per share, exceeding the Zacks Consensus Estimate of $0.32 per share, but down from $0.51 per share a year ago, indicating a 31.37% year-over-year decline in earnings [1] Financial Performance - The company posted revenues of $144.51 million for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 0.75%, compared to revenues of -$87.41 million in the same quarter last year, reflecting a significant turnaround [2] - Over the last four quarters, Pacific Premier Bancorp has exceeded consensus EPS estimates two times and revenue estimates two times [2] Stock Performance and Outlook - Shares of Pacific Premier Bancorp have declined approximately 2% since the beginning of the year, while the S&P 500 has gained 3.5%, indicating underperformance relative to the broader market [3] - The company's earnings outlook is mixed, with current consensus EPS estimates of $0.30 for the upcoming quarter and $1.32 for the current fiscal year, with revenues expected to be $142.38 million for the next quarter and $589.83 million for the fiscal year [7] Industry Context - The Financial - Savings and Loan industry, to which Pacific Premier Bancorp belongs, is currently ranked in the top 11% of over 250 Zacks industries, suggesting a favorable industry outlook [8]