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Pacific Premier Bancorp Inc - $PPBI STOCK NEWS

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.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Pacific Premier Bancorp's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Pacific Premier Bancorp's position in the market.

Rhea-AI Summary
Pacific Premier Bancorp, Inc. reported strong financial results for the first quarter of 2024 with net income of $47.0 million, or $0.49 per diluted share. The company's return on average assets was 0.99%, return on average equity was 6.50%, and return on average tangible common equity was 10.05%. Total assets were $18.81 billion. The net interest margin expanded to 3.39%, and the cost of deposits was 1.59%. Non-maturity deposits accounted for 84.42% of total deposits. Asset quality remained strong with total delinquency at 0.09% and nonperforming assets at 0.34% of total assets. The tangible book value per share increased to $20.33. The company's common equity tier 1 capital ratio was 15.02%, and the total risk-based capital ratio was 18.23%. Steven R. Gardner, Chairman, Chief Executive Officer, and President, expressed confidence in the company's performance and highlighted the team's efforts in managing risk and capital effectively.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.62%
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dividends earnings
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Rhea-AI Summary
Pacific Premier Bancorp, Inc. (PPBI) will release its first quarter 2024 financial results on April 24, 2024. A conference call will be held to discuss the results, open for analysts and investors to participate. The webcast will be available on Pacific Premier's investor relations website.
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Rhea-AI Summary
Pacific Premier Bancorp, Inc. reported a net loss of $135.4 million for Q4 2023. The company's return on average assets was (2.76)%, return on average equity was (19.01)%, and return on average tangible common equity was (28.01%). The total assets were $19.03 billion, and total deposits were $14.99 billion.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.25%
Tags
dividends earnings
Rhea-AI Summary
Pacific Premier Bancorp, Inc. (Nasdaq: PPBI) to Release Q4 2023 Financial Results on January 29, 2024
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.33%
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Rhea-AI Summary
Pacific Premier Bancorp, Inc. (Nasdaq: PPBI) announced completing an investment securities portfolio repositioning, selling $1.27 billion of available-for-sale securities. The repositioning is expected to add $50.4 million in net interest income annually and be neutral to tangible book value per share. The company anticipates a 26 basis points increase in net interest margin and a $37.1 million contribution to annual net income in 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.29%
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none
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Rhea-AI Summary
Pacific Premier Bancorp reports net income of $46.0 million for Q3 2023
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-7.97%
Tags
dividends earnings
Rhea-AI Summary
Pacific Premier Bancorp, Inc. will issue its Q3 2023 financial results on October 24, 2023. Conference call and webcast will be held to discuss the results.
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Rhea-AI Sentiment
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-0.24%
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dividends earnings
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Rhea-AI Sentiment
End-of-Day
-1.48%
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Rhea-AI Sentiment
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-3.92%
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Pacific Premier Bancorp Inc

Nasdaq:PPBI

PPBI Rankings

PPBI Stock Data

2.19B
93.53M
1.92%
94.39%
1.73%
Commercial Banking
Finance and Insurance
Link
United States of America
IRVINE

About PPBI

originally founded in 1983, pacific premier bank is a state-chartered commercial bank headquartered in irvine, california, serving businesses throughout southern california from our sixteen depository branches in corona, encinitas, huntington beach, irvine, los alamitos, newport beach, palm desert (2), palm springs (2), riverside, san bernardino, san diego (2), seal beach, and tustin within the counties of orange, san bernardino, san diego and riverside. we offer a full array of deposit and loan products and services for commercial businesses, non-profit organizations, and consumers. we specialize in doing business with small and middle-market businesses and professionals who need a broad range of loan, deposit, and cash management products. we take a lot of pride in helping our customers achieve their personal and professional financial goals. we know that when our customers do well, we do well. and it is our mission every day to find new opportunities for our customers and the ba