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) has received the Corporate Responsibility award from the Association for Corporate Growth (ACG) Orange County during the 2021 ACG Awards, held on June 10, 2021. This recognition highlights Pacific Premier's commitment to listening, adapting, and contributing to its communities over the past year. Pacific Premier was one of nine companies honored, chosen for their excellence and impact on economic growth in Orange County. The selection process emphasized adaptation during the global pandemic, showcasing Pacific Premier's efforts in responsible corporate stewardship.
Pacific Premier Bancorp, Inc. (Nasdaq: PPBI) plans to release its second quarter 2021 financial results on July 27, 2021, prior to market opening. A conference call is scheduled for the same day at 9:00 a.m. PT / 12:00 p.m. ET, where analysts and investors can participate in a Q&A session. The call will be available via live webcast and archived for later access. Pacific Premier Bank, the parent company, serves businesses across the western U.S. with approximately $20 billion in assets and provides various banking services and loan products.
Pacific Premier Bancorp (NASDAQ: PPBI) reported a net income of $68.7 million, or $0.72 per diluted share for Q1 2021, marking an increase from $67.1 million, or $0.71 per diluted share in Q4 2020, and $25.7 million, or $0.43 per diluted share in Q1 2020. Total assets reached $20.17 billion, up from $19.74 billion in Q4 2020. The company increased its dividend to $0.33 per share. Despite challenges, loan production exceeded $1.15 billion, a 27% increase from the previous quarter, supported by robust asset quality and lower deposit costs.
Pacific Premier Bancorp (Nasdaq: PPBI) has committed $70,000 as the Exclusive Sponsor of the California Community Economic Development Association's (CCEDA) Climate Adaptation Initiative. This funding aims to support low- and moderate-income communities in California in preparing for climate change. The partnership will enhance CCEDA's digital outreach, promoting resources for community-based nonprofits addressing climate issues. CEO Steve Gardner emphasized the initiative's focus on underserved communities at risk from climate change impacts.
Pacific Premier Bancorp, Inc. (Nasdaq: PPBI) is set to release its first quarter 2021 financial results on April 27, 2021, before the market opens. Following the announcement, the bank will host a conference call at 9:00 a.m. PT (12:00 p.m. ET) to discuss the results. The call will be accessible through a live webcast, with a replay available shortly after. Pacific Premier Bank, which has approximately $20 billion in total assets, provides diverse banking services across the western United States.
Pacific Premier Bancorp (NASDAQ: PPBI) reported fourth-quarter 2020 net income of $67.1 million, or $0.71 per diluted share, marking a slight increase from $66.6 million in Q3 2020. The company achieved a return on average assets (ROAA) of 1.34%, and a return on average tangible common equity (ROATCE) of 16.32%. Total assets reached $19.7 billion, and dividends rose to $0.30 per share. Despite challenges like a low interest rate environment, Pacific Premier is well-positioned for potential growth in 2021, having completed the Opus integration and focusing on business development.
PACIFIC PREMIER BANCORP (Nasdaq: PPBI) has announced a new stock repurchase program, allowing for the buyback of up to 4,725,000 shares, around 5% of its outstanding shares, totaling approximately $150 million. This new program replaces the previous $100 million program initiated in December 2019, from which no shares were repurchased. The CEO stated that this initiative enhances capital management and boosts shareholder returns amidst improving economic visibility and strong internal capital generation.
Pacific Premier Bancorp, Inc. (Nasdaq: PPBI) will release its fourth quarter 2020 financial results on January 26, 2021, before market opening. A conference call is scheduled for 9:00 a.m. PT / 12:00 p.m. ET that same day to discuss these results, allowing analysts and investors to engage in a Q&A session. The call will be available via webcast and can be replayed until February 2, 2021. Pacific Premier Bank, established in 1983, operates as a leading commercial bank in the western U.S., managing around $20 billion in assets and providing various banking services to businesses and professionals.
Pacific Premier Bancorp, Inc. (Nasdaq: PPBI) announced that its division, Pacific Premier Trust, will upgrade its wealth business operating system to the SEI Wealth Platform during the first half of 2021. This conversion aims to boost operational efficiency and leverage scalable IRA custodial services. The SEI Wealth Platform offers an integrated technology solution that enhances client management and supports trading across 137 stock exchanges. This initiative is expected to aid in attracting new clients while improving service delivery to existing clients.
