---
schema_version: "secwatch.filing_event.v1"
accession: "0001028918-24-000079"
form_type: "8-K"
ticker: null
cik: "0001028918"
company_name: "PACIFIC PREMIER BANCORP INC"
filed_at: "2024-04-24T23:59:59+00:00"
generated_at: "2026-06-03T09:12:10.013483+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Pacific Premier Q1 net income $47M; NIM 3.39%, deposits up $192M; NPAs climb to $64.1M

## Summary
- Net income $47.0M ($0.49 dil. EPS) vs Q4 2023 net loss $135.4M; NIM expanded 11bps to 3.39%.
- Total deposits rose $192M, non-maturity deposits up $120M; FHLB borrowings reduced $400M.
- Nonperforming assets reached $64.1M (0.34% of assets) from $25.1M; $37.6M single relationship current.
- Quarterly dividend declared $0.33/share, payable May 13, 2024 to holders of record May 6, 2024.
- Provision for credit losses $3.9M; allowance to loans held for investment 1.48% (up from 1.45%).

## SEC filing metadata
- accession: 0001028918-24-000079
- form_type: 8-K
- cik: 0001028918
- company_name: PACIFIC PREMIER BANCORP INC
- filed_at: 2024-04-24T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01, 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1028918/000102891824000079/0001028918-24-000079-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1028918/000102891824000079/ppbi-20240424.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001028918-24-000079
- JSON: https://secwatch.observer/filing/0001028918-24-000079.json
- Plain text: https://secwatch.observer/filing/0001028918-24-000079.txt

## Key facts
- Earnings Releases
  PACIFIC PREMIER BANCORP INC reported first quarter of 2024 results: net income $47.0 million, EPS $0.49 per diluted share.
  - Period: first quarter of 2024
  - Net income: $47.0 million
  - EPS: $0.49 per diluted share
  - Result: reported results
  source text: Pacific Premier Bancorp, Inc. (NASDAQ: PPBI) (the “Company” or “Pacific Premier”), the holding company of Pacific Premier Bank (the “Bank”), reported net income of $47.0 million, or $0.49 per diluted share, for the first quarter of 2024
  evidence_url: https://www.sec.gov/Archives/edgar/data/1028918/000102891824000079/0001028918-24-000079-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.