10:08 AM EDT, 04/24/2024 (MT Newswires) -- Pacific Premier Bancorp ( PPBI ) fell more than 2% in recent Wednesday trade after reporting a decline in earnings and revenue in Q1 from a year earlier.

The company reported Q1 earnings of $0.49 per diluted share compared with $0.66 a year earlier.

Analysts polled by Capital IQ expected $0.47.

Revenue, calculated as the sum of net interest income and non-interest income, was $170.9 million during the three months ended March 31, compared with $189.8 million a year ago.

Analysts expected $166.3 million.

The banking and financial services company declared a quarterly dividend of $0.33 per share, unchanged from the prior quarter and payable May 13 to shareholders of record on May 6.

Price: 22.09, Change: -0.51, Percent Change: -2.26