Pacific Premier reports Q1 EPS 66c, consensus 69c

Reports Q1 revenue $189.66M, consensus $174.28M. Tangible book value per share increased 23c to $19.61. Steven Gardner, chairman, CEO, and president of the company, commented, "Over the years, we have maintained our commitment to growing a diversified commercial client base predicated on a long-term approach to relationship management. We have consistently operated the institution with a prudent approach to credit risk management along with maintaining ample levels of liquidity and an overall conservative view towards capital management. This longstanding discipline permeates our organization and has enabled us to deliver another quarter of solid profitability and returns in a challenging operating environment."