IRVINE, Calif. (AP) — IRVINE, Calif. (AP) — Pacific Premier Bancorp Inc. (PPBI) on Wednesday reported first-quarter earnings of $47 million.
On a per-share basis, the Irvine, California-based company said it had profit of 49 cents.
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 48 cents per share.
The holding company for Pacific Premier Bank posted revenue of $239.2 million in the period. Its adjusted revenue was $170.9 million, also topping Street forecasts. Four analysts surveyed by Zacks expected $167 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
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