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Pacific Premier Bancorp (PPBI) Reports Q3 Earnings: What Key Metrics Have to Say

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Pacific Premier Bancorp (PPBI - Free Report) reported $168.1 million in revenue for the quarter ended September 2023, representing a year-over-year decline of 16.5%. EPS of $0.48 for the same period compares to $0.77 a year ago.

The reported revenue compares to the Zacks Consensus Estimate of $175.05 million, representing a surprise of -3.97%. The company delivered an EPS surprise of -14.29%, with the consensus EPS estimate being $0.56.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Pacific Premier Bancorp performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

  • Net interest margin: 3.1% versus 3.3% estimated by four analysts on average.
  • Efficiency Ratio: 59% versus 57.3% estimated by four analysts on average.
  • Average Interest-Earning Assets: $19 billion compared to the $18.77 billion average estimate based on three analysts.
  • Net Charge-off (% of Average Loans): 0.1% versus the three-analyst average estimate of 0.1%.
  • Total NonPerforming Assets: $25.91 million compared to the $22.01 million average estimate based on two analysts.
  • Total NonPerforming Loan: $25.46 million versus the two-analyst average estimate of $21.87 million.
  • Total Noninterest Income: $18.55 million versus $19.98 million estimated by four analysts on average.
  • Net interest income before provision for loan losses: $149.55 million versus $155.26 million estimated by four analysts on average.
View all Key Company Metrics for Pacific Premier Bancorp here>>>

Shares of Pacific Premier Bancorp have returned -6.3% over the past month versus the Zacks S&P 500 composite's -2.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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