What drove PPBI's EPS volatility in 2024?

Pacific Premier Bancorp (PPBI) experienced an EPS of $5.44% in 2024, with a notable volatility in its net income, primarily driven by the following factors:

In summary, PPBI's EPS volatility in 2024 was primarily due to the fluctuation in interest income, which is a key factor for banks as they are sensitive to interest rate changes. Additionally, the provision for loan losses and non-interest income also significantly impacted PPBI's net income, contributing to the observed volatility in their EPS.