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 Inc. (symbol: PPBI) is a state-chartered commercial bank headquartered in Irvine, California. Originally founded in 1983, it serves businesses throughout Southern California from its sixteen depository branches located in Corona, Encinitas, Huntington Beach, Irvine, Los Alamitos, Newport Beach, Palm Desert (2), Palm Springs (2), Riverside, San Bernardino, San Diego (2), Seal Beach, and Tustin. The company operates within the counties of Orange, San Bernardino, San Diego, and Riverside.
Pacific Premier Bank provides a comprehensive array of deposit and loan products and services targeted at commercial businesses, non-profit organizations, and consumers. The bank has established itself as a specialist in serving small and middle-market businesses and professionals who require a diverse range of loan, deposit, and cash management products.
The bank offers various banking solutions, including cash management, electronic banking services, credit facilities, and retirement accounts. Its commitment lies in helping customers achieve their personal and professional financial objectives. Pacific Premier Bank's mission is to find new opportunities for both its customers and the bank itself by fostering a mutually beneficial relationship.
Recent achievements include expanding their suite of electronic banking services and enhancing their cash management solutions to better serve their client base. They have also focused on building strong partnerships within the community and fostering collaborations that benefit the local economy.
With a solid financial condition, Pacific Premier Bancorp Inc. continues to grow its footprint in the banking industry. The bank maintains a focus on customer service excellence and innovation, ensuring that its products and services remain competitive and relevant in the ever-evolving financial landscape.
Pacific Premier Bancorp (NASDAQ: PPBI) announced that Kroll Bond Rating Agency (KBRA) has affirmed the company's senior unsecured debt rating at BBB+, subordinated debt at BBB, and short-term debt at K2. KBRA also affirmed Pacific Premier Bank's deposit and senior unsecured debt ratings at A-, subordinated debt at BBB+, and short-term deposit and debt at K2. The outlook for all long-term ratings has been revised to Positive from Stable. KBRA highlighted Pacific Premier's strong, low-cost deposit base, robust capital levels, and effective balance sheet management. The company's operating ROA has been approximately 1% in recent quarters, in line with peers.
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.
FAQ
What is the current stock price of Pacific Premier Bancorp (PPBI)?
What is the market cap of Pacific Premier Bancorp (PPBI)?
What type of banking services does Pacific Premier Bancorp Inc. offer?
Where is Pacific Premier Bancorp Inc. headquartered?
How many branches does Pacific Premier Bank have?
Who are the primary customers of Pacific Premier Bancorp Inc.?
When was Pacific Premier Bancorp Inc. founded?
Which areas do the bank’s branches serve?
What is the mission of Pacific Premier Bancorp Inc.?
What recent developments have taken place at Pacific Premier Bancorp Inc.?
What sets Pacific Premier Bancorp Inc. apart from other banks?
Does Pacific Premier Bancorp Inc. engage in community partnerships?
