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Pacific Premier Again Ranked as One of the Best Banks in America by Forbes
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
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Rhea-AI Summary
Pacific Premier Bancorp (Nasdaq: PPBI) has been named one of the 100 Best Banks in America on Forbes' 2024 list. This ranking evaluates publicly-traded banks based on growth, credit quality, profitability, and stock performance up to March 18, 2024. Pacific Premier has consistently ranked highly, being in the top ten in 2023, 2022, and 2020. CEO Steve Gardner highlighted the company's ability to deliver stable performance despite industry challenges in 2023, crediting the efforts of employees, a robust business model, and effective risk management. Looking forward, Pacific Premier aims to foster new client relationships and enhance stakeholder value.
Positive
Pacific Premier was named one of the 100 Best Banks in America on Forbes' 2024 list.
Pacific Premier consistently ranked in the top ten on Forbes' list in 2023, 2022, and 2020.
The company's recognition is based on robust metrics like growth, credit quality, profitability, and stock performance.
Negative
None.
IRVINE, Calif.--(BUSINESS WIRE)--
Pacific Premier Bancorp, Inc. (Nasdaq: PPBI) ("Pacific Premier"), the holding company of Pacific Premier Bank (the “Bank,” and together with Pacific Premier, the “Company”), announced today that the Company was named as one of the 100 Best Banks in America on the 2024 Forbes’ list of “America’s Best Banks.” The list by Forbes evaluates publicly-traded banks and thrifts based on ten metrics measuring growth, credit quality, and profitability for the 2023 calendar year, as well as stock performance in the 12 months ended March 18, 2024. Additionally, Pacific Premier was ranked in the top ten on the Forbes’ list in 2023, 2022, and 2020.
“We are pleased to again be named among the top 100 banks as one of America’s Best Banks by Forbes, especially amidst last year’s unique operating environment,” said Steve Gardner, Chairman, Chief Executive Officer, and President of Pacific Premier. “Despite the industry challenges presented in 2023, we delivered consistent performance, reflecting the dedicated efforts of our employees, the durability of our proven business model, and our prudent approach to risk management. Looking ahead, we are focused on generating new client relationships and creating value for our stakeholders.”
About Pacific Premier Bancorp, Inc.
Pacific Premier Bancorp, Inc. (Nasdaq: PPBI) is the parent company of Pacific Premier Bank, a California-based commercial bank focused on serving small, middle-market, and corporate businesses throughout the western United States in major metropolitan markets in California, Washington, Oregon, Arizona, and Nevada. Founded in 1983, Pacific Premier Bank has grown to become one of the largest banks headquartered in the western region of the United States, with approximately $19 billion in total assets. Pacific Premier Bank provides banking products and services, including deposit accounts, digital banking, and treasury management services, to businesses, professionals, entrepreneurs, real estate investors, and nonprofit organizations. Pacific Premier Bank also offers a wide array of loan products, such as commercial business loans, lines of credit, SBA loans, commercial real estate loans, agribusiness loans, franchise lending, home equity lines of credit, and construction loans. Pacific Premier Bank offers commercial escrow services and facilitates 1031 Exchange transactions through its Commerce Escrow division. Pacific Premier Bank offers clients IRA custodial services through its Pacific Premier Trust division, which has approximately $17 billion of assets under custody and over 33,000 client accounts comprised of self-directed investors, financial institutions, capital syndicators, and financial advisors. Additionally, Pacific Premier Bank provides nationwide customized banking solutions to Homeowners’ Associations and Property Management companies. Pacific Premier Bank is an Equal Housing Lender and Member FDIC. For additional information about Pacific Premier Bancorp, Inc. and Pacific Premier Bank, visit our website: www.ppbi.com.
