Pacific Premier Bancorp(US:PPBI) ZACKS·2025-01-23 15:36Core Insights - Pacific Premier Bancorp (PPBI) reported a revenue of $144.51 million for the quarter ended December 2024, reflecting a significant decline of 265.3% year-over-year. The earnings per share (EPS) was $0.35, down from $0.51 in the same quarter last year. The revenue slightly exceeded the Zacks Consensus Estimate of $143.43 million, resulting in a surprise of +0.75%. The EPS also surpassed the consensus estimate of $0.32, with a surprise of +9.38% [1]. Financial Performance Metrics - The efficiency ratio for Pacific Premier Bancorp was reported at 67.8%, better than the average estimate of 70.4% by four analysts [4]. - The net interest margin was 3%, slightly below the average estimate of 3.1% by four analysts [4]. - The net charge-offs to average loans/leases stood at 0%, outperforming the average estimate of 0.3% by four analysts [4]. - Average interest-earning assets were $16.39 billion, exceeding the average estimate of $16.15 billion based on three analysts [4]. - Total non-performing loans were reported at $28.03 million, significantly lower than the average estimate of $43.55 million by two analysts [4]. - Total non-performing assets were $28.86 million, also below the average estimate of $43.55 million by two analysts [4]. - Total noninterest income was $19.98 million, surpassing the average estimate of $19.05 million by four analysts [4]. - Net interest income before provision for loan losses was $124.53 million, slightly above the average estimate of $124.30 million based on four analysts [4]. Stock Performance - Over the past month, shares of Pacific Premier Bancorp have returned -3.1%, contrasting with the Zacks S&P 500 composite's +2.7% change. The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3].