Pacific Premier Bancorp: Q3 Earnings Snapshot

IRVINE, Calif. (AP) — IRVINE, Calif. (AP) — Pacific Premier Bancorp Inc. (PPBI) on Tuesday reported third-quarter earnings of $46 million.

The Irvine, California-based company said it had profit of 48 cents per share.

The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 56 cents per share.

The holding company for Pacific Premier Bank posted revenue of $242.6 million in the period. Its adjusted revenue was $168.1 million, which also did not meet Street forecasts. Four analysts surveyed by Zacks expected $175.1 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