Stock Analysis

Pacific Premier Bancorp Third Quarter 2022 Earnings: EPS Beats Expectations

  •  Updated
NasdaqGS:PPBI
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Pacific Premier Bancorp (NASDAQ:PPBI) Third Quarter 2022 Results

Key Financial Results
  • Revenue: US$200.2m (down 8.1% from 3Q 2021).
  • Net income: US$73.4m (down 18% from 3Q 2021).
  • Profit margin: 37% (down from 41% in 3Q 2021).
    • The decrease in margin was driven by lower revenue.
  • EPS: US$0.78 (down from US$0.95 in 3Q 2021).
earnings-and-revenue-growth
NasdaqGS:PPBI Earnings and Revenue Growth October 22nd 2022

All figures shown in the chart above are for the trailing 12 month (TTM) period

Pacific Premier Bancorp EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.5%.

Looking ahead, revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Banks industry in the US.

Performance of the American Banks industry.

The company's shares are up 1.1% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 1 warning sign for Pacific Premier Bancorp that you need to be mindful of.

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