secwatch.observer — SEC 8-K summary
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Issuer:     PACIFIC PREMIER BANCORP INC (—)
CIK:        0001028918
Form:       8-K
Filed at:   2024-04-24T23:59:59+00:00
Accession:  0001028918-24-000079
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1028918/000102891824000079/0001028918-24-000079-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1028918/000102891824000079/ppbi-20240424.htm
  HTML page:      https://secwatch.observer/filing/0001028918-24-000079

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