Pacific Premier Named as One of the Best Banks in America by Forbes

Rhea-AI Summary

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.

IRVINE, Calif.--(BUSINESS WIRE)-- Pacific Premier Bancorp, Inc. (Nasdaq: PPBI) (the “Company” or “Pacific Premier”), the holding company of Pacific Premier Bank, National Association (the “Bank” or “Pacific Premier Bank”), announced today that the Company was named as one of the 100 Best Banks in America on the 2025 Forbes’ list of “America’s Best Banks.” The list by Forbes evaluates the 200 largest publicly-traded banks and thrifts by assets based on eleven metrics measuring growth, capital, asset quality, and profitability measures for the twelve months ended September 30, 2024, as well as stock performance in the 12 months ended January 10, 2025. Additionally, Pacific Premier was ranked in the top ten on the annual Forbes list in three of the last five years.

“We are excited to be recognized as one of the top 100 on Forbes’ America’s Best Banks list,” said Steve Gardner, Chairman, Chief Executive Officer, and President of Pacific Premier. “Our team produced solid results in 2024, ending the year on a high note, whereas fourth quarter new loan production reached the highest level in over two years. Pacific Premier’s consistent performance is a testament to our colleagues’ tireless efforts. Looking ahead, we are encouraged about our prospects for attracting new business, strengthening existing client relationships, serving as a source of strength for our communities, and creating long-term value for our stockholders.”

About Pacific Premier Bancorp, Inc.

Pacific Premier Bancorp, Inc. (Nasdaq: PPBI) is the parent company of Pacific Premier Bank, National Association, a nationally chartered 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 $18 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 $18 billion of assets under custody and over 31,000 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250206379745/en/

Pacific Premier Bancorp, Inc.

Steven R. Gardner

Chairman, Chief Executive Officer and President

949-864-8000

Ronald J. Nicolas, Jr.

Senior Executive Vice President and Chief Financial Officer

949-864-8000

Matthew J. Lazzaro

Senior Vice President, Director of Investor Relations

949-243-1082

Source: Pacific Premier Bancorp, Inc.

FAQ

What recognition did Pacific Premier (PPBI) receive from Forbes for 2025?

Pacific Premier was named as one of the 100 Best Banks in America on Forbes' 2025 list of America's Best Banks.

How did PPBI perform in Forbes' bank rankings over the past five years?

Pacific Premier ranked in the top ten on Forbes' annual list in three of the last five years.

What metrics did Forbes use to evaluate PPBI and other banks for the 2025 ranking?

Forbes evaluated banks based on eleven metrics measuring growth, capital, asset quality, and profitability for the twelve months ended September 30, 2024, plus stock performance through January 10, 2025.

How was PPBI's loan production performance in Q4 2024?

Pacific Premier's fourth quarter new loan production reached its highest level in over two years.

What are Pacific Premier's strategic focus areas following the Forbes recognition?

The bank is focusing on attracting new business, strengthening existing client relationships, serving communities, and creating long-term stockholder value.