Pacific Premier Bancorp(PPBI) - 2022 Q3 - Earnings Call Presentation

Financial Performance - The company reported net income of $73.4 million, or $0.77 per diluted share, for Q3 2022[13] - Return on Average Assets (ROAA) was 1.35%, and Return on Average Tangible Common Equity (ROATCE) was 16.74%[9, 13] - Pre-provision net revenue ("PPNR") reached $100.4 million, with a PPNR ROAA of 1.85%[13] - The efficiency ratio was 48.3%[9, 13] Balance Sheet & Capital - Total assets were $21.6 billion[9] - Loans held for investment (HFI) amounted to $15.0 billion[9, 13] - Core deposits totaled $15.9 billion, representing 89.5% of total deposits[13] - Non-interest bearing deposits accounted for 38.2% of total deposits[13] - Tangible common equity to tangible assets ratio increased to 8.59%, and the total capital ratio increased to 14.83%[9, 13] Asset Quality - Nonperforming assets were 0.28% of total assets[9, 13] - The allowance for credit losses (ACL) for loans HFI was $195.5 million, or 1.31% of loans[13]