PPBI Earnings Prediction
The chart below shows how PPBI performed 10 days before and after its earnings report, based on data from the past quarters. Typically, PPBI sees a -1.46% change in stock price 10 days leading up to the earnings, and a +1.60% change 10 days following the report. On the earnings day itself, the stock moves by -1.09%. This data can give you a slight idea of what to expect for the next quarter's release.
PPBI Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
123.19M
-14.78%
-4.49%
Gross Margin
--
--
--
Operating Margin
38.61%
-9.96%
-10.48%
Net Margin
29.21%
-8.26%
-10.10%
EPS
0.37
-22.92%
-13.95%
No Data Available
PPBI Earnings Analysis
Pacific Premier Bancorp Inc Corporation (PPBI.O) Earnings Conference Call
Positive
Q3 Earnings Performance: Earnings of $36 million or $0.37 per share were reported for Q3 2024, reflecting solid financial performance.
Core Deposit Growth: Non-interest bearing deposits increased to 32% of total deposits, indicating strong core deposit growth and client relationship management.
Capital Ratio Improvement: Capital ratios improved significantly, with the tangible common equity ratio rising 42 basis points to 11.83% and the CET1 ratio increasing to 16.83%.
Non-Performing Loans Decline: Non-performing loans decreased by $13 million to $39 million, resulting in non-performing assets at just 0.22% of total assets, showcasing strong asset quality.
Non-Interest Income Increase: Non-interest income rose to $18.9 million, driven by higher CRA investment income and a gain on debt extinguishment, reflecting effective cost management and revenue generation.
Negative
Loan Portfolio Contraction: Loan portfolio contracted by $454.9 million during Q3, primarily due to elevated loan payoffs and lower loan production of $104 million, indicating a significant reduction in lending activity.
Net Interest Income Decline: Net interest income decreased to $130.9 million, driven by higher cost of funds and lower loan balances, reflecting a narrowing net interest margin of 3.16%, down 10 basis points from the previous quarter.
Deposit Decline Challenges: Total deposits decreased by $146.7 million from the prior quarter, primarily due to the maturity and payoff of higher-cost broker deposits, indicating challenges in maintaining deposit levels.
Rising Non-Interest Expenses: Non-interest expense increased by $4.1 million compared to the prior quarter, reflecting ongoing cost pressures despite efforts to manage expenses tightly.
Return on Equity Impact: Return on average tangible common equity was adversely impacted by high levels of capital, standing at 7.63%, which may limit future profitability and shareholder returns.
PPBI FAQs
How does PPBI typically perform around its earnings report dates?
Is Earnings call transcript: Pacific Premier Q3 2024 beats EPS forecast, stock rises positive or negative?
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PPBI Earning Call Sentiment
Earnings call transcript: Pacific Premier Q3 2024 beats EPS forecast, stock rises
PPBI.O
2.69%Positive
The earnings call presents mixed signals. Financial performance shows stability but lacks growth, with some concerns over rising costs and lower loan balances. The Q&A reveals optimism in growth areas like C&I and construction but lacks clarity on hiring and asset focus. The commitment to dividends is positive, but supply chain issues pose risks. Overall, the sentiment is neutral, with no strong catalysts for significant stock movement. Given the market cap, a neutral prediction (-2% to 2%) is reasonable.
