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.
This page provides a historical news archive for Pacific Premier Bancorp, Inc. (formerly Nasdaq: PPBI), the former parent company of Pacific Premier Bank, National Association. Company press releases and joint announcements describe Pacific Premier as a commercially focused bank serving small, middle-market, and corporate businesses across major metropolitan markets in California, Washington, Oregon, Arizona, and Nevada, with a range of deposit, digital banking, treasury management, and loan products.
A significant portion of the recent news flow for PPBI relates to its combination with Columbia Banking System, Inc., the parent company of Columbia Bank. On April 23, 2025, the companies announced a definitive merger agreement for an all-stock acquisition of Pacific Premier by Columbia. Subsequent releases reported shareholder and stockholder approvals on July 21, 2025, receipt of all required regulatory approvals on August 6, 2025, and the closing of the transaction effective August 31, 2025. These items detail the strategic rationale for the merger, the exchange ratio for Pacific Premier shares, and the integration of Pacific Premier Bank into Columbia Bank.
Other historical PPBI news items include quarterly earnings releases, dividend declarations, and operational updates. These communications discuss metrics such as net income, net interest margin, cost of deposits, asset quality, and capital ratios, as well as commentary on loan origination trends, deposit mix, and provision for credit losses. Together, they provide context on Pacific Premier’s financial performance and business focus leading up to its acquisition.
Because PPBI has been acquired and its common stock has been delisted from Nasdaq, new standalone news about Pacific Premier Bancorp, Inc. is not expected. Researchers and investors can use this archive to review the company’s historical announcements, including the sequence of events surrounding its merger with Columbia Banking System, Inc. and the subsequent integration into Columbia Bank.
Columbia Banking System (NASDAQ: COLB) has completed its acquisition of Pacific Premier Bancorp (NASDAQ: PPBI), significantly expanding its presence in Southern California. The merger creates a substantial western U.S. financial institution with $70 billion in assets, $50 billion in loans, and $56 billion in deposits.
The combined entity will operate over 350 locations across eight western states. Former Pacific Premier CEO Steve Gardner and two directors have joined Columbia's Board. The transaction involved a 0.9150 share exchange ratio, with Pacific Premier stockholders now representing approximately 30% of Columbia's shareholders. Systems integration is expected to complete in Q1 2026.
Columbia Banking System (Nasdaq: COLB) and Pacific Premier Bancorp (Nasdaq: PPBI) have secured all necessary regulatory approvals for their previously announced all-stock merger. The transaction, initially revealed on April 23, 2025, is set to close around August 31, 2025.
Key approvals were obtained from the Federal Reserve System, Federal Deposit Insurance Corporation, and Oregon Department of Consumer and Business Services. Shareholders of both companies had already approved the merger on July 21, 2025. The integration will strengthen Columbia's market position across the Western United States.
Pacific Premier Bancorp (NASDAQ: PPBI) reported Q2 2025 net income of $32.1 million, or $0.33 per diluted share, compared to $36.0 million in Q1 2025 and $41.9 million in Q2 2024. Key highlights include net interest margin expansion of 6 basis points to 3.12%, average deposit cost reduction of 5 basis points to 1.60%, and strong asset quality with nonperforming assets at 0.15% of total assets.
The bank demonstrated solid capital positions with a common equity tier 1 ratio of 17.00% and total risk-based capital ratio of 18.85%. Notable actions include the redemption of $150.0 million in subordinated notes and progress toward the pending merger with Columbia Banking System, expected to close by September 1, 2025.
Total assets stood at $17.78 billion, with a favorable deposit mix featuring 32.3% in noninterest-bearing deposits and 86.5% in non-maturity deposits.Columbia Banking System (Nasdaq: COLB) and Pacific Premier Bancorp (Nasdaq: PPBI) have secured shareholder and stockholder approvals for their proposed acquisition. The milestone represents significant progress in Columbia's plan to acquire Pacific Premier, strengthening their combined presence across the Western United States.
Both Clint Stein, Columbia's President and CEO, and Steve Gardner, Pacific Premier's Chairman, CEO and President, expressed enthusiasm about the merger's potential to enhance market leadership and customer service capabilities. The transaction remains subject to regulatory approvals and is expected to close later in 2025.
Pacific Premier Bancorp (PPBI) reported Q1 2025 net income of $36.0 million, or $0.37 per diluted share, up from $33.9 million in Q4 2024 but down from $47.0 million in Q1 2024. The bank's performance showed improvement with net interest margin expanding 4 basis points to 3.06% and average cost of deposits decreasing 14 basis points to 1.65%.
Key highlights include non-maturity deposits increasing by $247.0 million to $12.60 billion, representing 85.9% of total deposits, and non-interest bearing deposits growing by $210.1 million to $4.83 billion. Asset quality remained strong with total delinquency at 0.02% of loans and nonperforming assets at 0.15% of total assets. The bank maintained robust capital levels with a common equity tier 1 ratio of 16.99% and total risk-based capital ratio of 20.23%.
Columbia Banking System (COLB) reported Q1 2025 financial results with net income of $87 million and operating net income of $140 million. Earnings per diluted share were $0.41, while operating earnings per share reached $0.67.
Key highlights include: net interest margin at 3.60% (down 4 basis points from Q4), total assets of $51.5B, and deposits increasing to $42.2B. The company announced a significant merger with Pacific Premier Bancorp, creating a combined entity with approximately $70B in assets.
Notable Q1 developments include: successful small business campaign bringing $425M in new deposits, opening of first Colorado branch, and maintaining quarterly dividend at $0.36 per share. Credit quality metrics showed net charge-offs at 0.32% of average loans, with non-performing assets at 0.35% of total assets.
Columbia Banking System (COLB) has announced a definitive merger agreement to acquire Pacific Premier Bancorp in an all-stock transaction valued at approximately $2.0 billion. Under the agreement, Pacific Premier stockholders will receive 0.9150 shares of Columbia common stock for each Pacific Premier share, valued at $20.83 per share based on Columbia's closing price of $22.77 on April 22, 2025.
The combined entity will have approximately $70 billion in assets and over $57 billion in deposits across the Western U.S. Pacific Premier stockholders will own approximately 30% of Columbia's outstanding shares post-merger. The transaction is expected to close in the second half of 2025, subject to regulatory and stockholder approvals.
The merger is projected to deliver mid-teens EPS accretion to Columbia with tangible book value dilution earned back in three years. The combined company anticipates achieving a 20% ROATCE and 1.4% ROAA in 2026, with expected cost savings of $88 million after-tax.
Pacific Premier Bancorp (Nasdaq: PPBI) has scheduled the release of its first quarter 2025 financial results for Thursday, April 24, 2025, before market opening. The company will host a conference call at 9:00 a.m. PT / 12:00 p.m. ET on the same day to discuss the results.
Analysts and investors can participate in the Q&A session through the conference call, which will be accessible via telephone from the United States (1-866-290-5977) and internationally (1-412-902-4111). A webcast will be available live on Pacific Premier's investor relations website, with an archived version accessible after the call.
The telephone replay will be available through May 1, 2025, using replay code 5730832.
Pacific Premier Bancorp (PPBI) has been recognized among Forbes' '100 Best Banks in America' for 2025. The prestigious ranking evaluates the 200 largest publicly-traded banks and thrifts based on eleven metrics covering growth, capital, asset quality, and profitability for the period ending September 30, 2024, along with stock performance through January 10, 2025.
Notably, Pacific Premier has achieved top-ten rankings in three of the past five years. The bank reported strong performance in 2024, with fourth-quarter loan production reaching its highest level in over two years. Chairman, CEO, and President Steve Gardner highlighted the company's solid results and expressed optimism about future prospects for business growth, client relationship enhancement, community support, and stockholder value creation.