Welcome to our dedicated page for Pacific Premier Bancorp news (Ticker: PPBI), a resource for investors and traders seeking the latest updates and insights on Pacific Premier Bancorp stock.
Pacific Premier Bancorp (PPBI) provides comprehensive financial services to businesses and consumers across Southern California. This news hub offers investors and stakeholders centralized access to official updates from this NASDAQ-listed regional bank.
Track PPBI's latest earnings announcements, regulatory filings, and strategic developments including mergers, leadership changes, and product innovations. Our curated collection features press releases on commercial lending activity, deposit service expansions, and community initiatives that reflect the bank's commitment to relationship-driven banking.
Key updates include quarterly financial results, dividend declarations, and operational milestones in cash management solutions. Bookmark this page for real-time access to filings with financial regulators and substantive corporate announcements affecting PPBI's market position.
Pacific Premier Bancorp (PPBI) reported Q1 2025 net income of $36.0 million, or $0.37 per diluted share, up from $33.9 million in Q4 2024 but down from $47.0 million in Q1 2024. The bank's performance showed improvement with net interest margin expanding 4 basis points to 3.06% and average cost of deposits decreasing 14 basis points to 1.65%.
Key highlights include non-maturity deposits increasing by $247.0 million to $12.60 billion, representing 85.9% of total deposits, and non-interest bearing deposits growing by $210.1 million to $4.83 billion. Asset quality remained strong with total delinquency at 0.02% of loans and nonperforming assets at 0.15% of total assets. The bank maintained robust capital levels with a common equity tier 1 ratio of 16.99% and total risk-based capital ratio of 20.23%.
Columbia Banking System (COLB) reported Q1 2025 financial results with net income of $87 million and operating net income of $140 million. Earnings per diluted share were $0.41, while operating earnings per share reached $0.67.
Key highlights include: net interest margin at 3.60% (down 4 basis points from Q4), total assets of $51.5B, and deposits increasing to $42.2B. The company announced a significant merger with Pacific Premier Bancorp, creating a combined entity with approximately $70B in assets.
Notable Q1 developments include: successful small business campaign bringing $425M in new deposits, opening of first Colorado branch, and maintaining quarterly dividend at $0.36 per share. Credit quality metrics showed net charge-offs at 0.32% of average loans, with non-performing assets at 0.35% of total assets.
Columbia Banking System (COLB) has announced a definitive merger agreement to acquire Pacific Premier Bancorp in an all-stock transaction valued at approximately $2.0 billion. Under the agreement, Pacific Premier stockholders will receive 0.9150 shares of Columbia common stock for each Pacific Premier share, valued at $20.83 per share based on Columbia's closing price of $22.77 on April 22, 2025.
The combined entity will have approximately $70 billion in assets and over $57 billion in deposits across the Western U.S. Pacific Premier stockholders will own approximately 30% of Columbia's outstanding shares post-merger. The transaction is expected to close in the second half of 2025, subject to regulatory and stockholder approvals.
The merger is projected to deliver mid-teens EPS accretion to Columbia with tangible book value dilution earned back in three years. The combined company anticipates achieving a 20% ROATCE and 1.4% ROAA in 2026, with expected cost savings of $88 million after-tax.
Pacific Premier Bancorp (Nasdaq: PPBI) has scheduled the release of its first quarter 2025 financial results for Thursday, April 24, 2025, before market opening. The company will host a conference call at 9:00 a.m. PT / 12:00 p.m. ET on the same day to discuss the results.
Analysts and investors can participate in the Q&A session through the conference call, which will be accessible via telephone from the United States (1-866-290-5977) and internationally (1-412-902-4111). A webcast will be available live on Pacific Premier's investor relations website, with an archived version accessible after the call.
The telephone replay will be available through May 1, 2025, using replay code 5730832.
Pacific Premier Bancorp (PPBI) has been recognized among Forbes' '100 Best Banks in America' for 2025. The prestigious ranking evaluates the 200 largest publicly-traded banks and thrifts based on eleven metrics covering growth, capital, asset quality, and profitability for the period ending September 30, 2024, along with stock performance through January 10, 2025.
Notably, Pacific Premier has achieved top-ten rankings in three of the past five years. The bank reported strong performance in 2024, with fourth-quarter loan production reaching its highest level in over two years. Chairman, CEO, and President Steve Gardner highlighted the company's solid results and expressed optimism about future prospects for business growth, client relationship enhancement, community support, and stockholder value creation.
Pacific Premier Bancorp (PPBI) reported Q4 2024 net income of $33.9 million, or $0.35 per diluted share, compared to $36.0 million in Q3 2024 and a net loss of $135.4 million in Q4 2023. Key highlights include:
- Return on average assets of 0.75%
- Non-maturity deposits increased $145.8 million to $12.35 billion
- Loans held for investment increased $4.6 million to $12.04 billion
- Average cost of deposits decreased 5 bps to 1.79%
- Total delinquency of 0.02% of loans held for investment
- Nonperforming assets to total assets of 0.16%
The bank's net interest income was $124.5 million, down 4.9% from Q3 2024, primarily due to lower average loan balances and yields. The net interest margin decreased 14 basis points to 3.02%. Total assets stood at $17.90 billion as of December 31, 2024.
Pacific Premier Bancorp (PPBI) has announced it will release its fourth quarter 2024 financial results before market opening on Thursday, January 23, 2025. The company will host a conference call at 9:00 a.m. PT / 12:00 p.m. ET on the same day to discuss the results.
Analysts and investors can participate in the Q&A session through various access points: US (1-866-290-5977), International (1-412-902-4111), and Canada (1-855-669-9657). A webcast will be available live and archived on Pacific Premier's investor relations website. The telephone replay will be accessible through January 30, 2025, using specific replay codes for different regions.
Pacific Premier Bancorp (NASDAQ: PPBI) director Rose McKinney-James has been awarded the 2024 Clean Energy Education & Empowerment Lifetime Achievement Award by the U.S. Department of Energy. McKinney-James, who serves on both the Company and Pacific Premier Bank's boards, was recognized among nine women for outstanding leadership in clean energy. With over 35 years of experience as a clean energy advocate, she previously served as President and CEO of the for Solar Technology and Renewable Resources and Commissioner with the Nevada Public Service Commission. She currently serves on PPBI's Enterprise Risk Committee and Nominating and Governance Committee.
Pacific Premier Bancorp (NASDAQ: PPBI) reported Q3 2024 net income of $36.0 million, or $0.37 per diluted share, down from $41.9 million in Q2 2024 and $46.0 million in Q3 2023. Key metrics include return on average assets of 0.79%, net interest margin of 3.16%, and total assets of $17.91 billion. Non-interest bearing deposits comprised 32% of total deposits, while total delinquency remained low at 0.08% of loans. The company maintained strong capital ratios with common equity tier 1 at 16.83% and total risk-based capital at 20.05%. Net interest income decreased to $130.9 million, down 4.0% from Q2 2024, primarily due to lower average loan balances and higher cost of funds.
Pacific Premier Bancorp, Inc. (NASDAQ: PPBI) has partnered with ForgiveCo to relieve $1 million in medical debt for over 300 veterans. This initiative will eliminate the debt of 322 veterans, who on average hold $3,105 in medical debt. ForgiveCo, a public benefit , purchases large debt portfolios at a fraction of the original cost, creating up to a 50x impact.
The service is free to recipients and includes the removal of derogatory marks from their credit reports. Pacific Premier Bank will also provide veteran beneficiaries with complimentary financial well-being resources and counseling through its partnership with GreenPath Financial Wellness.
