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 has appointed Rose McKinney-James as a director, effective March 28, 2022. McKinney-James brings over two decades of public company director experience, particularly in ESG oversight and regulatory affairs. Her engagement will enhance the board's skillset, particularly concerning climate risk management.
Additionally, the company has released its inaugural Corporate Social Responsibility Report, highlighting initiatives such as a $50 million Equitable Impact Initiative and $2.3 billion in CRA eligible lending.
Pacific Premier Bancorp (Nasdaq: PPBI) announced it ranked #3 on Forbes' list of "America’s Best Banks" for the second time in three years. The ranking evaluates the top 100 publicly traded banks based on growth, credit quality, and profitability. Metrics are derived from regulatory filings up to September 30, 2021. CEO Steve Gardner expressed pride in this recognition, attributing it to the bank's diversified business model and technology-driven growth strategy.
Pacific Premier Bancorp (PPBI) reported a net income of $84.8 million or $0.89 per diluted share for Q4 2021, down from $90.1 million in Q3 2021. Return on average assets was 1.63% and return on average equity was 11.90%. Total assets grew to $21.09 billion, with loan commitments reaching $1.48 billion. The efficiency ratio improved to 48.0%, while nonperforming assets decreased to 0.15% of total assets. The company also enhanced its interest rate sensitivity with $900 million in interest rate swaps.
Pacific Premier Bancorp (Nasdaq: PPBI) will release its fourth quarter 2021 financial results on January 20, 2022, before market opening. A conference call to discuss the results will follow at 9:00 a.m. PT / 12:00 p.m. ET. Participants can access the call via phone or through a live webcast on Pacific Premier's investor relations website.
This call will allow analysts and investors to engage in a Q&A session. The live and archived webcasts will be available for later access.
Pacific Premier Bancorp, Inc. (NASDAQ: PPBI) announced that director Jaynie Miller Studenmund has been recognized in the 2021 NACD Directorship 100 for her exemplary leadership and governance in the boardroom. With over 20 years of experience in financial services, Ms. Studenmund has significantly contributed since joining the Board in 2019 and currently chairs the Compensation Committee while serving on the Enterprise Risk Committee. This recognition underscores her impact on corporate governance practices within the Company.
Pacific Premier Bancorp (NASDAQ: PPBI) reported a net income of $90.1 million, or $0.95 per diluted share, for Q3 2021, down from $96.3 million in Q2 2021. Total revenue increased to $199.2 million, reflecting a 20.2% annualized growth in net interest income. The company achieved an annualized 11.5% loan growth and a 10.7% deposit growth. Key metrics included a net interest margin of 3.51% and a tangible book value of $19.75 per diluted share. The efficiency ratio improved to 47.5%. Provision recapture for credit losses was $19.7 million.
Pacific Premier Bancorp (NASDAQ: PPBI) has launched its Equitable Impact Initiative, committing
Pacific Premier Bancorp (Nasdaq: PPBI) will release its Q3 2021 financial results on October 21, 2021, before market opening. A conference call is scheduled for 9:00 a.m. PT / 12:00 p.m. ET on the same day to discuss these results. Interested analysts and investors can participate in a live Q&A session. Details for accessing the call and webcast are available on the company's investor relations website.
Pacific Premier Bancorp (NASDAQ: PPBI) has appointed George M. Pereira as a director, effective August 16, 2021. Pereira brings over 30 years of financial services experience, having served as COO and CFO at Charles Schwab Investment Management. He will join the Audit and Enterprise Risk Committees, enhancing the board’s strategic planning and value creation capabilities. Pereira's expertise includes financial reporting, risk management, and cybersecurity oversight. His addition is expected to strengthen the leadership team as PPBI continues to grow its operations across the western U.S.
Pacific Premier Bancorp (NASDAQ: PPBI) reported a net income of $96.3 million, or $1.01 per diluted share, for Q2 2021, up from $68.7 million (or $0.72) in Q1 2021, and a significant recovery from a net loss of $99.1 million in Q2 2020. The Company's ROAA was 1.90%, and ROAE at 14.02%. Total assets increased to $20.53 billion. Loan commitments surged to $1.58 billion, a 36.7% increase from the previous quarter. The provision for credit losses saw a recapture of $38.5 million, reflecting a positive shift in asset quality.
