{"id":36073,"date":"2023-11-21T03:06:38","date_gmt":"2023-11-21T03:06:38","guid":{"rendered":"https:\/\/microloannexus.com\/investing\/pacific-premier-bancorp-repositions-its-balance-sheet\/"},"modified":"2023-11-21T03:06:39","modified_gmt":"2023-11-21T03:06:39","slug":"pacific-premier-bancorp-repositions-its-balance-sheet","status":"publish","type":"post","link":"https:\/\/microloannexus.com\/?p=36073","title":{"rendered":"Pacific Premier Bancorp repositions its balance sheet"},"content":{"rendered":"<div id=\"js-article__body\" itemprop=\"articleBody\" data-sbid=\"WP-MKTW-0002745341\">\n<div class=\"snippet__body\">\n<p>Pacific Premier Bancorp Inc. PPBI said Monday it would take an after-tax loss of $182.3 million on the sale of $1.27 billion of lower-yielding agency and mortgage-backed debt securities, as part of a repositioning of its available-for-sale securities. The repositioning will add about 26 basis points to the bank\u2019s net interest margin, the Irvine, Calif., bank said. The wider net interest margin will also increase by about $37.1 million the bank\u2019s annual net income in 2024. Pacific Premier Bancorp\u2019s stock has fallen by 28% this year, compared to a 17.6% gain by the S&amp;P 500. <\/p>\n<p>&#8230;<\/p>\n<div id=\"cx-snippet\">\n<div class=\"snippet__roadblock\">\n<p><h3 class=\"headline_1\">\n              Master your money.<br \/>\n            <\/h3>\n<h3 class=\"headline_2\">\n              Subscribe to MarketWatch.<br \/>\n            <\/h3>\n<\/p>\n<p><h4 class=\"subheadline_1\">\n              Get this article and all of MarketWatch.<br \/>\n            <\/h4>\n<h4 class=\"subheadline_2\">\n              Access from any device. Anywhere. Anytime.<br \/>\n            <\/h4>\n<\/p>\n<p>             Subscribe Now<\/p>\n<p class=\"snippet__roadblock_sign_in_text\">\n            Already a subscriber?<\/p>\n<p>              Log In<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.marketwatch.com\/story\/pacific-premier-bancorp-repositions-its-balance-sheet-by-selling-1ea0d7f6?mod=investing\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pacific Premier Bancorp Inc. PPBI said Monday it would take an after-tax loss of $182.3 million on the sale of $1.27 billion of lower-yielding agency and mortgage-backed debt securities, as part of a repositioning of its available-for-sale securities. The repositioning will add about 26 basis points to the bank\u2019s net interest margin, the Irvine, Calif.,<\/p>\n","protected":false},"author":1,"featured_media":35580,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[49],"tags":[],"class_list":{"0":"post-36073","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-investing"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.12 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Pacific Premier Bancorp repositions its balance sheet | Micro Loan Nexus<\/title>\n<meta name=\"description\" content=\"Pacific Premier Bancorp Inc. PPBI said Monday it would take an after-tax loss of $182.3 million on the sale of $1.27 billion of lower-yielding agency and\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/microloannexus.com\/?p=36073\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pacific Premier Bancorp repositions its balance sheet | Micro Loan Nexus\" \/>\n<meta property=\"og:description\" content=\"Pacific Premier Bancorp Inc. 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