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PPBI - Pacific Premier Bancorp's Acquisition To Boost Earnings
Pacific Premier Bancorp Inc
Pacific Premier Bancorp (PPBI) has recently announced the acquisition of Opus Bank, which will boost the company’s balance sheet in the second quarter of this year. Earnings are expected to receive a boost with a lag, as merger related expenses and system integration efforts will temporarily drag earnings in 2020. In 2021 and beyond, earnings are expected to be driven by greater earning assets and an improvement in efficiency following the realization of synergies from the merger. PPBI’s earnings are expected to dip to $1.59 per share in 2020 (from $2.60 in 2019)