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IRVINE, Calif. (AP) — IRVINE, Calif. (AP) — Pacific Premier Bancorp Inc. (PPBI) on Thursday reported third-quarter net income of $36 million.
The Irvine, California-based company said it had net income of 37 cents per share.
The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 39 cents per share.
The holding company for Pacific Premier Bank posted revenue of $224.5 million in the period. Its adjusted revenue was $149.8 million, which also missed Street forecasts. Four analysts surveyed by Zacks expected $153.2 million.
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This story was generated by Automated Insights (https://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PPBI at https://www.zacks.com/ap/PPBI