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 (NASDAQ: PPBI) reported a net income of $62.6 million, or $0.66 per diluted share, for Q1 2023, a decline from the previous quarter's $73.7 million ($0.77) and last year's $66.9 million ($0.70). The return on average assets (ROAA) was 1.15%, down from 1.36% in Q4 2022 and 1.28% in Q1 2022. Net interest income fell by 7.0% to $168.6 million, attributed to higher funding costs. Total deposits decreased by $144.6 million or 0.8% quarter-over-quarter. The total risk-based capital ratio stood at 16.33% while tangible book value per share rose to $19.61.
Pacific Premier Bancorp, Inc. (NASDAQ: PPBI) announced it will release its first quarter 2023 financial results on April 27, 2023, before the market opens. A conference call will be held at 9:00 a.m. PT to discuss the results, with a question-and-answer session for analysts and investors. The call will be accessible via telephone and live webcast. The replay of the call will be available until May 4, 2023. Pacific Premier is a leading California-based commercial bank with approximately $22 billion in total assets, focusing on small to middle-market businesses across the western United States. The bank offers a broad range of financial products including loans and treasury management services.
Pacific Premier Bancorp, Inc. (Nasdaq: PPBI) has been ranked #9 on Forbes' 2023 list of "America’s Best Banks," making it the third time in four years the company has achieved a top ten position. The ranking assesses large publicly-traded banks based on revenue growth, credit quality, and profitability, utilizing metrics from public filings through September 30, 2022. CEO Steve Gardner highlighted the recognition as a testament to the company’s strong financial performance in a challenging operating environment, emphasizing the bank's resilience and commitment to leveraging technology for future growth.
