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IRVINE, Calif. (AP) — IRVINE, Calif. (AP) — Pacific Premier Bancorp Inc. (PPBI) on Wednesday reported first-quarter net income of $36 million.
On a per-share basis, the Irvine, California-based company said it had profit of 37 cents.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 30 cents per share.
The holding company for Pacific Premier Bank posted revenue of $208.8 million in the period. Its adjusted revenue was $144.8 million, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $142.2 million.
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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