IRVINE, Calif. (AP) — Pacific Premier Bancorp Inc. (PPBI) on Tuesday reported fourth-quarter earnings of $67.1 million.
The Irvine, California-based company said it had profit of 71 cents per share.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 56 cents per share.
The holding company for Pacific Premier Bank posted revenue of $204 million in the period. Its adjusted revenue was $191.4 million, also beating Street forecasts. Three analysts surveyed by Zacks expected $177 million.
For the year, the company reported profit of $60.4 million, or 75 cents per share. Revenue was reported as $645.5 million.
Pacific Premier Bancorp shares have risen 13% since the beginning of the year. The stock has risen 12% in the last 12 months.
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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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