Pacific Premier Bancorp, Inc. operates as the bank holding company for Pacific Premier Bank that provides banking services to businesses, professionals, real estate investors, and non-profit organizations. The company accepts deposit products, such as checking, money market, and savings accounts; and certificates of deposit. Its loan portfolio include commercial real estate owner and non-owner-occupied, multifamily, construction and land, franchise real estate secured, small business administration (SBA), and SBA paycheck protection program loans; revolving lines or credit, term loans, seasonal loans, and loans secured by liquid collateral; one-to-four family and home equity lines of credit loans; and savings account secured loans and auto loans. The company also offers cash management, electronic banking, treasury management, and online bill payment services. It operates 65 full-service depository branches located in California, Washington, Oregon, Arizona, and Nevada. Pacific Premier Bancorp, Inc. was founded in 1983 and is headquartered in Irvine, California.
IPO Year:
Exchange: NASDAQ
Website: ppbi.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/30/2024 | $26.00 → $29.00 | Strong Buy → Outperform | Raymond James |
| 7/7/2022 | $41.00 → $35.00 | Outperform → Strong Buy | Raymond James |
| 1/25/2022 | $50.00 → $45.00 | Overweight → Equal-Weight | Stephens |
| 1/25/2022 | Overweight → Equal-Weight | Stephens & Co. | |
| 10/7/2021 | $45.00 → $47.00 | Strong Buy → Outperform | Raymond James |
| 7/28/2021 | $49.00 → $45.00 | Strong Buy | Raymond James |
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4 - PACIFIC PREMIER BANCORP INC (0001028918) (Issuer)
4 - PACIFIC PREMIER BANCORP INC (0001028918) (Issuer)
4 - PACIFIC PREMIER BANCORP INC (0001028918) (Issuer)
4 - PACIFIC PREMIER BANCORP INC (0001028918) (Issuer)
4 - PACIFIC PREMIER BANCORP INC (0001028918) (Issuer)
4 - PACIFIC PREMIER BANCORP INC (0001028918) (Issuer)
4 - PACIFIC PREMIER BANCORP INC (0001028918) (Issuer)
Raymond James downgraded Pacific Premier from Strong Buy to Outperform and set a new price target of $29.00 from $26.00 previously
Raymond James upgraded Pacific Premier from Outperform to Strong Buy and set a new price target of $35.00 from $41.00 previously
Stephens downgraded Pacific Premier from Overweight to Equal-Weight and set a new price target of $45.00 from $50.00 previously
Stephens & Co. downgraded Pacific Premier Bancorp from Overweight to Equal-Weight
Raymond James downgraded Pacific Premier Bancorp from Strong Buy to Outperform and set a new price target of $47.00 from $45.00 previously
Raymond James reiterated coverage of Pacific Premier Bancorp with a rating of Strong Buy and set a new price target of $45.00 from $49.00 previously
Wedbush initiated coverage of Pacific Premier with a rating of Neutral and set a new price target of $48.00
Raymond James reiterated coverage of Pacific Premier Bancorp with a rating of Strong Buy and set a new price target of $49.00 from $40.00 previously
Raymond James reiterated coverage of Pacific Premier Bancorp with a rating of Strong Buy and set a new price target of $40.00 from $30.00 previously
Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) (the "Company" or "Pacific Premier"), the holding company of Pacific Premier Bank, National Association (the "Bank" or "Pacific Premier Bank"), announced today that the Company was named as one of the 100 Best Banks in America on the 2025 Forbes' list of "America's Best Banks." The list by Forbes evaluates the 200 largest publicly-traded banks and thrifts by assets based on eleven metrics measuring growth, capital, asset quality, and profitability measures for the twelve months ended September 30, 2024, as well as stock performance in the 12 months ended January 10, 2025. Additionally, Pacific Premier was ranked in the top ten on the annual Forbes
Fourth Quarter 2024 Summary Net income of $33.9 million, or $0.35 per diluted share Return on average assets of 0.75% Average cost of deposits decreased 5 bps to 1.79%, end-of-period cost of deposits of 1.72% Non-maturity deposits increased $145.8 million to $12.35 billion, or 85.4% of total deposits Loans held for investment increased $4.6 million to $12.04 billion Total delinquency of 0.02% of loans held for investment, nonperforming assets to total assets of 0.16%, and net charge-offs to average loans of 0.01% Tangible book value per share(1) increased $0.16 from the prior quarter to $20.97 Tangible common equity ratio(1) increased to 11.92% Common equity tier
Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) ("Pacific Premier"), the holding company of Pacific Premier Bank, N.A. ("Pacific Premier Bank"), announced today that it will issue its fourth quarter 2024 financial results before the market opens on Thursday, January 23, 2025. Pacific Premier will also host a conference call at 9:00 a.m. PT / 12:00 p.m. ET that day to discuss its financial results. Analysts and investors may participate in the question-and-answer session. The conference call will be webcast live on the Webcasts page of Pacific Premier's investor relations website, and an archived version of the webcast will be available in the same location shortly after the live call has ende
Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) (the "Company") today announced that Rose McKinney-James, who serves as a director of both the Company and its wholly-owned bank subsidiary Pacific Premier Bank (the "Bank"), has been honored with the 2024 Clean Energy Education & Empowerment Lifetime Achievement Award by the U.S. Department of Energy. The 2024 Clean Energy Education & Empowerment (C3E) Awards, honored nine women for outstanding leadership and accomplishments in clean energy. According to the U.S. Department of Energy, "The 2024 C3E Awardees are influential leaders shaping the clean energy landscape by advancing equitable and affordable access, broadening markets, spearheading inn
Third Quarter 2024 Summary Net income of $36.0 million, or $0.37 per diluted share Return on average assets of 0.79% Pre-provision net revenue ("PPNR")(1) to average assets of 1.06%, annualized Net interest margin of 3.16% Average cost of deposits of 1.84%, and spot cost of deposits of 1.80% Non-maturity deposits(1) to total deposits of 84.30% Non-interest bearing deposits totaled 32.0% of total deposits Total delinquency of 0.08% of loans held for investment Nonperforming assets to total assets of 0.22% Tangible book value per share(1) increased $0.23 from the prior quarter to $20.81 Common equity tier 1 capital ratio of 16.83%, and total risk-based capital ratio of 2
Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) (the "Company" or "Pacific Premier") announced it has helped to relieve $1 million in medical debt for more than 300 veterans, through a partnership with ForgiveCo, a public benefit corporation that purchases large debt portfolios at a fraction of the original cost. Pacific Premier's partnership with ForgiveCo represents a one-time initiative to eliminate the debt of 322 veterans who, on average, hold $3,105 in medical debt. Through ForgiveCo's vast industry knowledge, the organization purchases large debt portfolios for pennies on the dollar, creating up to a 50x impact. The service is completely free to the debt relief recipient. In addition to
Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) ("Pacific Premier"), the holding company of Pacific Premier Bank, announced today that it will issue its third quarter 2024 financial results before the market opens on Thursday, October 24, 2024. Pacific Premier will also host a conference call at 9:00 a.m. PT / 12:00 p.m. ET that day to discuss its financial results. Analysts and investors may participate in the question-and-answer session. The conference call will be webcast live on the Webcasts page of Pacific Premier's investor relations website, and an archived version of the webcast will be available in the same location shortly after the live call has ended. Conference Call, Webcast and
Pacific Premier Bancorp, Inc. (NASDAQ:PPBI), the holding company of Pacific Premier Bank (the "Bank"), announced today the Bank has committed $100,000 over the next two years to support Susan G. Komen's ("SGK") Financial Assistance Program ("KFA"). The KFA is focused on advancing health equity for under-insured, uninsured, and underserved populations. The Bank is dedicated to addressing health inequalities and improving access to breast cancer care. SGK helps women and men, including those with little or no health insurance, receive breast health education, screening, treatment, and support. 1 in 8 women in the U.S. will face a breast cancer diagnosis during their lifetime. Every 12 minute
Second Quarter 2024 Summary Net income of $41.9 million, or $0.43 per diluted share Return on average assets of 0.90% Pre-provision net revenue ("PPNR")(1) to average assets of 1.23%, annualized Net interest margin of 3.26% Cost of deposits of 1.73%, and cost of non-maturity deposits(1) of 1.17% Non-maturity deposits(1) to total deposits of 83.66% Non-interest bearing deposits totaled 31.6% of total deposits Total delinquency of 0.14% of loans held for investment Nonperforming assets to total assets of 0.28% Tangible book value per share(1) increased $0.25 from the prior quarter to $20.58 Common equity tier 1 capital ratio of 15.89%, and total risk-based cap
Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) ("Pacific Premier"), the holding company of Pacific Premier Bank, announced today that it will issue its second quarter 2024 financial results before the market opens on Wednesday, July 24, 2024. Pacific Premier will also host a conference call at 9:00 a.m. PT / 12:00 p.m. ET that day to discuss its financial results. Analysts and investors may participate in the question-and-answer session. The conference call will be webcast live on the Webcasts page of Pacific Premier's investor relations website, and an archived version of the webcast will be available in the same location shortly after the live call has ended. Conference Call, Webcast and
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Fourth Quarter 2024 Summary Net income of $33.9 million, or $0.35 per diluted share Return on average assets of 0.75% Average cost of deposits decreased 5 bps to 1.79%, end-of-period cost of deposits of 1.72% Non-maturity deposits increased $145.8 million to $12.35 billion, or 85.4% of total deposits Loans held for investment increased $4.6 million to $12.04 billion Total delinquency of 0.02% of loans held for investment, nonperforming assets to total assets of 0.16%, and net charge-offs to average loans of 0.01% Tangible book value per share(1) increased $0.16 from the prior quarter to $20.97 Tangible common equity ratio(1) increased to 11.92% Common equity tier
Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) ("Pacific Premier"), the holding company of Pacific Premier Bank, N.A. ("Pacific Premier Bank"), announced today that it will issue its fourth quarter 2024 financial results before the market opens on Thursday, January 23, 2025. Pacific Premier will also host a conference call at 9:00 a.m. PT / 12:00 p.m. ET that day to discuss its financial results. Analysts and investors may participate in the question-and-answer session. The conference call will be webcast live on the Webcasts page of Pacific Premier's investor relations website, and an archived version of the webcast will be available in the same location shortly after the live call has ende
Third Quarter 2024 Summary Net income of $36.0 million, or $0.37 per diluted share Return on average assets of 0.79% Pre-provision net revenue ("PPNR")(1) to average assets of 1.06%, annualized Net interest margin of 3.16% Average cost of deposits of 1.84%, and spot cost of deposits of 1.80% Non-maturity deposits(1) to total deposits of 84.30% Non-interest bearing deposits totaled 32.0% of total deposits Total delinquency of 0.08% of loans held for investment Nonperforming assets to total assets of 0.22% Tangible book value per share(1) increased $0.23 from the prior quarter to $20.81 Common equity tier 1 capital ratio of 16.83%, and total risk-based capital ratio of 2
Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) ("Pacific Premier"), the holding company of Pacific Premier Bank, announced today that it will issue its third quarter 2024 financial results before the market opens on Thursday, October 24, 2024. Pacific Premier will also host a conference call at 9:00 a.m. PT / 12:00 p.m. ET that day to discuss its financial results. Analysts and investors may participate in the question-and-answer session. The conference call will be webcast live on the Webcasts page of Pacific Premier's investor relations website, and an archived version of the webcast will be available in the same location shortly after the live call has ended. Conference Call, Webcast and
Second Quarter 2024 Summary Net income of $41.9 million, or $0.43 per diluted share Return on average assets of 0.90% Pre-provision net revenue ("PPNR")(1) to average assets of 1.23%, annualized Net interest margin of 3.26% Cost of deposits of 1.73%, and cost of non-maturity deposits(1) of 1.17% Non-maturity deposits(1) to total deposits of 83.66% Non-interest bearing deposits totaled 31.6% of total deposits Total delinquency of 0.14% of loans held for investment Nonperforming assets to total assets of 0.28% Tangible book value per share(1) increased $0.25 from the prior quarter to $20.58 Common equity tier 1 capital ratio of 15.89%, and total risk-based cap
Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) ("Pacific Premier"), the holding company of Pacific Premier Bank, announced today that it will issue its second quarter 2024 financial results before the market opens on Wednesday, July 24, 2024. Pacific Premier will also host a conference call at 9:00 a.m. PT / 12:00 p.m. ET that day to discuss its financial results. Analysts and investors may participate in the question-and-answer session. The conference call will be webcast live on the Webcasts page of Pacific Premier's investor relations website, and an archived version of the webcast will be available in the same location shortly after the live call has ended. Conference Call, Webcast and
First Quarter 2024 Summary Net income of $47.0 million, or $0.49 per diluted share Return on average assets of 0.99%, return on average equity of 6.50%, and return on average tangible common equity(1) of 10.05% Pre-provision net revenue ("PPNR")(1) to average assets of 1.43%, annualized Net interest margin expanded 11 basis points to 3.39% Cost of deposits of 1.59%, and cost of non-maturity deposits(1) of 1.06% Non-maturity deposits(1) to total deposits of 84.42% Total delinquency of 0.09% of loans held for investment Nonperforming assets to total assets of 0.34% Tangible book value per share(1) increased $0.11 compared to the prior quarter to $20.33 Common equ
Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) ("Pacific Premier"), the holding company of Pacific Premier Bank, announced today that it will issue its first quarter 2024 financial results before the market opens on Wednesday, April 24, 2024. Pacific Premier will also host a conference call at 9:00 a.m. PT / 12:00 p.m. ET that day to discuss its financial results. Analysts and investors may participate in the question-and-answer session. The conference call will be webcast live on the Webcasts page of Pacific Premier's investor relations website, and an archived version of the webcast will be available in the same location shortly after the live call has ended. Conference Call, Webcast, an
Fourth Quarter 2023 Summary Net loss of $135.4 million, or $1.44 per diluted share; adjusted net income of $48.4 million, or $0.51 per diluted share(1) Sold $1.26 billion of available-for-sale securities for a net after-tax loss of $182.3 million, repositioning the balance sheet Net interest margin expanded 16 basis points to 3.28% Cost of deposits of 1.56%, and cost of non-maturity deposits(1) of 1.02% Non-maturity deposits increased to 84.7% of total deposits Reduced $617.0 million in higher cost brokered certificates of deposit and $200.0 million in FHLB borrowings during the quarter Total delinquency of 0.08% of loans held for investment, nonperforming assets to tot
Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) ("Pacific Premier"), the holding company of Pacific Premier Bank, announced today that it will issue its fourth quarter 2023 financial results before the market opens on Monday, January 29, 2024. Pacific Premier will also host a conference call at 9:00 a.m. PT / 12:00 p.m. ET that day to discuss its financial results. Analysts and investors may participate in the question-and-answer session. The conference call will be webcast live on the Webcasts page of Pacific Premier's investor relations website, and an archived version of the webcast will be available in the same location shortly after the live call has ended. Conference Call, Webcast and
Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) ("Pacific Premier"), the holding company of Pacific Premier Bank (the "Bank," and together with Pacific Premier, the "Company") announced today the appointment of Stephanie Hsieh as a director of both Pacific Premier and the Bank, effective as of July 29, 2022. "We are excited to add Stephanie to our Board of Directors," said Steve Gardner, Chairman, Chief Executive Officer and President of Pacific Premier. "Stephanie brings nearly 30 years of experience in the highly-regulated biopharmaceutical and biotechnology industries. Her impressive skillset includes executive management, enterprise risk management, corporate strategy, legal and regulatory
Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) ("Pacific Premier"), the holding company of Pacific Premier Bank (the "Bank," and together with Pacific Premier, the "Company"), announced today the appointment of Rose McKinney-James as a director of both Pacific Premier and the Bank, effective as of March 28, 2022. In addition, Pacific Premier announced today the issuance of the Company's inaugural Corporate Social Responsibility Report. Director Appointment "We are excited to add Rose to our Board of Directors," said Steve Gardner, Chairman, Chief Executive Officer, and President of Pacific Premier. "She brings more than two decades of experience as a public company director and has significa
Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) today announced the appointment of George M. Pereira as a director of both Pacific Premier Bancorp, Inc. (the "Company") and Pacific Premier Bank (the "Bank"), the Company's wholly-owned bank subsidiary, effective August 16, 2021. Mr. Pereira's leadership in the financial services industry spans over 30 years. He is a retired Chief Operating Officer and Chief Financial Officer of Charles Schwab Investment Management Inc., a provider of portfolio management, advisory and administrative services to the Schwab mutual and exchange traded funds. Mr. Pereira has accepted appointments to serve on the Audit and Enterprise Risk Committees of the Company'
Hope Bancorp, Inc. (the "Company") (NASDAQ:HOPE), the holding company of Bank of Hope (the "Bank"), today announced the appointment of Mary E. ("Mimi") Thigpen to the Board of Directors of the Company and Bank effective August 1, 2021. Ms. Thigpen will serve as a member of the Board Risk Committee and Audit Committee. This appointment increases the membership of the Board of Directors from 10 to 11. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210802005651/en/Technology Intrapreneur Mary E. "Mimi" Thigpen joins Hope Bancorp, Inc. Board of Directors Ms. Thigpen, age 61, is an innovative strategic business executive and consultan
IRVINE, Calif.--(BUSINESS WIRE)--Pacific Premier Bancorp, Inc. (Nasdaq: PPBI) (the “Company”), the holding company of Pacific Premier Bank, announced that its Board of Directors (the “Board”) has approved a new stock repurchase program (the “Program”), which authorizes the Company to repurchase up to 4,725,000 shares of its common stock, representing approximately 5% of the Company’s issued and outstanding shares or approximately $150 million. The Program replaces and supersedes the previous $100 million stock repurchase program approved by the Board in December 2019. The Company had not repurchased any shares of common stock under the previous stock repurchase program. The Compa
IRVINE, Calif.--(BUSINESS WIRE)--Pacific Premier Bancorp, Inc. (Nasdaq: PPBI), the holding company of Pacific Premier Bank, announced today that Richard Immesberger, Senior Executive Vice President of Pacific Premier Bank and President of Pacific Premier Trust, a Division of Pacific Premier Bank, has been elected President of the Retirement Industry Trust Association (RITA). RITA is the leading educator and advocate for the growth and best practices of the self-directed retirement plan industry. RITA Founder and Executive Director, Mary Mohr, said, “Rich is a timely fit for this leadership role. He has broad national bank and securities experience and a commitment to working with
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8-K - PACIFIC PREMIER BANCORP INC (0001028918) (Filer)
8-K - PACIFIC PREMIER BANCORP INC (0001028918) (Filer)
8-K - PACIFIC PREMIER BANCORP INC (0001028918) (Filer)
8-K - PACIFIC PREMIER BANCORP INC (0001028918) (Filer)
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8-K - PACIFIC PREMIER BANCORP INC (0001028918) (Filer)
8-K - PACIFIC PREMIER BANCORP INC (0001028918) (Filer)
8-K - PACIFIC PREMIER BANCORP INC (0001028918) (Filer)
10-Q - PACIFIC PREMIER BANCORP INC (0001028918) (Filer)
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