Earnings of Pacific Premier Bancorp, Inc. (PPBI) declined by 37% sequentially in the first quarter to $0.43 per share due to a hike in provision expense. Earnings will likely drop further in the coming quarters as a result of the initial impact of the Opus Bank acquisition in the second quarter. Expenses will likely remain elevated until the system conversion in the fourth quarter of 2020; therefore, earnings will likely face pressure in the second and third quarters. Moreover, provision expense will likely be high in the second quarter due to the deterioration