Pacific Premier Bancorp Inc. announced unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, the company reported total interest income of $22,037,000 against $17,973,000 a year ago. Net income before income tax was $6,780,000 against $6,678,000 a year ago. Net income was $3,891,000 or $0.23 per diluted share against $4,204,000 or $0.24 per diluted share a year ago. Return on average assets was 0.78% against 1.05% a year ago. Return on average equity was 7.88% against 9.69% a year ago. Return on average tangible common equity was 9.56% against 11.69% a year ago. Adjusted net income was $5,407,000 or $0.31 per diluted share. Adjusted return on average assets was 1.09%.

For the year, the company reported total interest income of $80,324,000 against $63,518,000 a year ago. Net income before income tax was $27,335,000 against $14,580,000 a year ago. Net income was $16,616,000 or $0.96 per diluted share against $8,993,000 or $0.54 per diluted share a year ago. Return on average assets was 0.91% against 0.62% a year ago. Return on average equity was 8.76% against 5.61% a year ago. Return on average tangible common equity was 10.70% against 6.63% a year ago. As at December 31, 2014, book value per share was $11.81 against $10.52 a year ago. As at December 31, 2014, tangible book value per share was $10.12 against $9.08 a year ago. Adjusted net income was $18,525,000 or $1.07 per diluted share against $13,265,000 or $0.80 per diluted share a year ago. Adjusted return on average assets was 1.01% against 0.92% a year ago. Adjusted return on average tangible common equity was 11.89% against 9.63% a year ago.