Pacific Premier Bancorp, Inc. (PPBI) CEO Steven R. Gardner on Q1 2022 Results - Earnings Call Transcript

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Q1: 2022-04-26 Earnings Summary

EPS of $0.70 misses by $0.04
 | Revenue of $187.73M (1.26% Y/Y) misses by $2.96M

Call Start: 12:00 January 1, 0000 12:46 PM ET

Pacific Premier Bancorp, Inc. (NASDAQ:PPBI)
Q1 2022 Earnings Conference Call
April 26, 2022, 12:00 PM ET

Company Participants

Steven R. Gardner – Chairman, President and Chief Executive Officer
Ronald Nicolas – Senior Executive Vice President and Chief Financial Officer

Conference Call Participants

David Feaster – Raymond James
Matthew Clark – Piper Sandler
Christopher McGratty – Keefe, Bruyette & Woods, Inc.
Andrew Terrell – Stephens Inc.
Gary Tenner – D.A. Davidson & Co.

Operator

Pacific Premier First Quarter 2022 Earnings Call. [Operator Instructions]. After today's presentation, there will be an opportunity to ask questions. [Operator Instructions]. Please note this event is being recorded. I would now like to turn the conference over to Steve Gardner, Chairman and CEO, please go ahead.

Steven R. Gardner

Thank you, Operator. Good morning, everyone. I appreciate you joining us today. As you are all aware, earlier this morning, we released our earnings report for the first quarter of 2022. We have also published an updated Investor Presentation that has additional information on our financial performance. If you have not done so already, we would encourage you to visit our Investor Relations website to download a copy of the presentation.

In terms of our call today, I will walk through some of the notable items, Ron Nicolas, our CFO, will review a few of the financial details and then we'll open up the call to questions. I note that in our earnings release and investor presentation, we have our safe harbor statement relative to the forward-looking comments. And I would encourage all of you to read through those carefully. Overall, we delivered solid financial performance in the first quarter, driven by strong loan and deposit production that generated net income of $66.9 million or $0.70 per share.

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