Pacific Premier Bancorp, Inc. (PPBI) Q3 2022 Earnings Call Transcript

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Q3: 2022-10-20 Earnings Summary

EPS of $0.77 beats by $0.01
 | Revenue of $201.67M (3.43% Y/Y) misses by $1.80M

Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) Q3 2022 Earnings Conference Call October 20, 2022 12:00 PM ET

Company Participants

Steven Gardner - Chairman and CEO
Ronald Nicolas - CFO

Conference Call Participants

David Feaster - Raymond James
Matthew Clark - Piper Sandler
Andrew Leischner - KBW
Gary Tenner - D.A. Davidson
Andrew Terrell - Stephens Inc.

Operator

Good day and welcome to the Pacific Premier Third Quarter 2022 Earnings Conference Call. [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 Gardner

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

In terms of our call today, I'll walk-through some of the notable items related to our performance. Ron Nicolas, our CFO will also review a few of the details on our financial results and then we will open up the call to questions. I note that our earnings release and investor presentation include a safe harbor statement relative to the forward-looking comments. I encourage each of you to read-through that statement carefully.

Over the past several quarters, we have taken a number of balance sheet management actions with respect to interest-rate sensitivity, designed to preserve our ability to deliver solid financial performance in an increasingly challenging and uncertain environment. These actions along with the ongoing business development efforts of our talented commercial banking teams served us well during the third quarter.

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