In This Article:
Pacific Premier Bancorp (NASDAQ:PPBI) Full Year 2024 Results
Key Financial Results
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Revenue: US$615.0m (up 40% from FY 2023).
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Net income: US$158.8m (up 452% from FY 2023).
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Profit margin: 26% (up from 6.5% in FY 2023). The increase in margin was driven by higher revenue.
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EPS: US$1.68 (up from US$0.31 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Pacific Premier Bancorp EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.5%.
Looking ahead, revenue is forecast to stay flat during the next 2 years compared to a 7.2% growth forecast for the Banks industry in the US.
Performance of the American Banks industry.
The company's shares are up 3.1% from a week ago.
Risk Analysis
Be aware that Pacific Premier Bancorp is showing 3 warning signs in our investment analysis and 1 of those is a bit unpleasant...
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.