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Pacific Premier Bancorp Inc - PPBI STOCK NEWS

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.

Rhea-AI Summary
Pacific Premier Bancorp, Inc. reported strong financial results for the first quarter of 2024 with net income of $47.0 million, or $0.49 per diluted share. The company's return on average assets was 0.99%, return on average equity was 6.50%, and return on average tangible common equity was 10.05%. Total assets were $18.81 billion. The net interest margin expanded to 3.39%, and the cost of deposits was 1.59%. Non-maturity deposits accounted for 84.42% of total deposits. Asset quality remained strong with total delinquency at 0.09% and nonperforming assets at 0.34% of total assets. The tangible book value per share increased to $20.33. The company's common equity tier 1 capital ratio was 15.02%, and the total risk-based capital ratio was 18.23%. Steven R. Gardner, Chairman, Chief Executive Officer, and President, expressed confidence in the company's performance and highlighted the team's efforts in managing risk and capital effectively.
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Pacific Premier Bancorp, Inc. (PPBI) will release its first quarter 2024 financial results on April 24, 2024. A conference call will be held to discuss the results, open for analysts and investors to participate. The webcast will be available on Pacific Premier's investor relations website.
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Pacific Premier Bancorp, Inc. reported a net loss of $135.4 million for Q4 2023. The company's return on average assets was (2.76)%, return on average equity was (19.01)%, and return on average tangible common equity was (28.01%). The total assets were $19.03 billion, and total deposits were $14.99 billion.
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Pacific Premier Bancorp, Inc. (Nasdaq: PPBI) to Release Q4 2023 Financial Results on January 29, 2024
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Pacific Premier Bancorp, Inc. (Nasdaq: PPBI) announced completing an investment securities portfolio repositioning, selling $1.27 billion of available-for-sale securities. The repositioning is expected to add $50.4 million in net interest income annually and be neutral to tangible book value per share. The company anticipates a 26 basis points increase in net interest margin and a $37.1 million contribution to annual net income in 2024.
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Pacific Premier Bancorp reports net income of $46.0 million for Q3 2023
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Pacific Premier Bancorp, Inc. will issue its Q3 2023 financial results on October 24, 2023. Conference call and webcast will be held to discuss the results.
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FAQ

What is the current stock price of Pacific Premier Bancorp (PPBI)?

The current stock price of Pacific Premier Bancorp (PPBI) is $25.07 as of December 20, 2024.

What is the market cap of Pacific Premier Bancorp (PPBI)?

The market cap of Pacific Premier Bancorp (PPBI) is approximately 2.4B.

What type of banking services does Pacific Premier Bancorp Inc. offer?

Pacific Premier Bancorp Inc. offers a variety of banking services including cash management, electronic banking services, credit facilities, and retirement accounts.

Where is Pacific Premier Bancorp Inc. headquartered?

Pacific Premier Bancorp Inc. is headquartered in Irvine, California.

How many branches does Pacific Premier Bank have?

Pacific Premier Bank has sixteen depository branches located in Southern California.

Who are the primary customers of Pacific Premier Bancorp Inc.?

The primary customers are small and middle-market businesses, non-profit organizations, and consumers.

When was Pacific Premier Bancorp Inc. founded?

Pacific Premier Bancorp Inc. was founded in 1983.

Which areas do the bank’s branches serve?

The bank’s branches serve areas within the counties of Orange, San Bernardino, San Diego, and Riverside.

What is the mission of Pacific Premier Bancorp Inc.?

The mission is to help customers achieve their personal and professional financial goals by finding new opportunities for both the customers and the bank.

What recent developments have taken place at Pacific Premier Bancorp Inc.?

Recent developments include expanding electronic banking services and enhancing cash management solutions.

What sets Pacific Premier Bancorp Inc. apart from other banks?

The bank is known for its broad range of specialized loan, deposit, and cash management products tailored to small and middle-market businesses and professionals.

Does Pacific Premier Bancorp Inc. engage in community partnerships?

Yes, the bank fosters strong partnerships within the community to support the local economy.

Pacific Premier Bancorp Inc

Nasdaq:PPBI

PPBI Rankings

PPBI Stock Data

2.41B
94.26M
1.9%
96.65%
1.74%
Banks - Regional
State Commercial Banks
Link
United States of America
IRVINE