Pacific Premier Bancorp: Q2 Earnings Snapshot
IRVINE, Calif. (AP) — IRVINE, Calif. (AP) — Pacific Premier Bancorp Inc. (PPBI) on Wednesday reported second-quarter earnings of $41.9 million.
On a per-share basis, the Irvine, California-based company said it had profit of 43 cents.
The results fell short of Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 44 cents per share.
The holding company for Pacific Premier Bank posted revenue of $226.3 million in the period. Its adjusted revenue was $154.6 million, also falling short of Street forecasts. Four analysts surveyed by Zacks expected $163.9 million.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PPBI at https://www.zacks.com/ap/PPBI