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Pacific Premier Bancorp Q4 net income $84.8 million

Christian Fernsby |
Pacific Premier Bancorp, the holding company of Pacific Premier Bank, reported net income of $84.8 million, or $0.89 per diluted share, for the fourth quarter of 2021.

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Topics: PACIFIC PREMIER BANCORP   

This compared with net income of $90.1 million, or $0.95 per diluted share, for the third quarter of 2021, and net income of $67.1 million, or $0.71 per diluted share, for the fourth quarter of 2020.

For the fourth quarter of 2021, the Company’s return on average assets ("ROAA") was 1.63%, return on average equity ("ROAE") was 11.90%, and return on average tangible common equity ("ROATCE") was 18.66%, compared to 1.73%, 12.67%, and 19.89%, respectively, for the third quarter of 2021 and 1.34%, 9.91%, and 16.32%, respectively, for the fourth quarter of 2020.

Total assets as of December 31, 2021 were $21.09 billion, compared to $21.01 billion at September 30, 2021 and $19.74 billion at December 31, 2020.


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