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.
Pacific Premier Bancorp (PPBI) reported Q4 2024 net income of $33.9 million, or $0.35 per diluted share, compared to $36.0 million in Q3 2024 and a net loss of $135.4 million in Q4 2023. Key highlights include:
- Return on average assets of 0.75%
- Non-maturity deposits increased $145.8 million to $12.35 billion
- Loans held for investment increased $4.6 million to $12.04 billion
- Average cost of deposits decreased 5 bps to 1.79%
- Total delinquency of 0.02% of loans held for investment
- Nonperforming assets to total assets of 0.16%
The bank's net interest income was $124.5 million, down 4.9% from Q3 2024, primarily due to lower average loan balances and yields. The net interest margin decreased 14 basis points to 3.02%. Total assets stood at $17.90 billion as of December 31, 2024.
Pacific Premier Bancorp (PPBI) has announced it will release its fourth quarter 2024 financial results before market opening on Thursday, January 23, 2025. 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 various access points: US (1-866-290-5977), International (1-412-902-4111), and Canada (1-855-669-9657). A webcast will be available live and archived on Pacific Premier's investor relations website. The telephone replay will be accessible through January 30, 2025, using specific replay codes for different regions.
Pacific Premier Bancorp (NASDAQ: PPBI) director Rose McKinney-James has been awarded the 2024 Clean Energy Education & Empowerment Lifetime Achievement Award by the U.S. Department of Energy. McKinney-James, who serves on both the Company and Pacific Premier Bank's boards, was recognized among nine women for outstanding leadership in clean energy. With over 35 years of experience as a clean energy advocate, she previously served as President and CEO of the for Solar Technology and Renewable Resources and Commissioner with the Nevada Public Service Commission. She currently serves on PPBI's Enterprise Risk Committee and Nominating and Governance Committee.
Pacific Premier Bancorp (NASDAQ: PPBI) reported Q3 2024 net income of $36.0 million, or $0.37 per diluted share, down from $41.9 million in Q2 2024 and $46.0 million in Q3 2023. Key metrics include return on average assets of 0.79%, net interest margin of 3.16%, and total assets of $17.91 billion. Non-interest bearing deposits comprised 32% of total deposits, while total delinquency remained low at 0.08% of loans. The company maintained strong capital ratios with common equity tier 1 at 16.83% and total risk-based capital at 20.05%. Net interest income decreased to $130.9 million, down 4.0% from Q2 2024, primarily due to lower average loan balances and higher cost of funds.
Pacific Premier Bancorp, Inc. (NASDAQ: PPBI) has partnered with ForgiveCo to relieve $1 million in medical debt for over 300 veterans. This initiative will eliminate the debt of 322 veterans, who on average hold $3,105 in medical debt. ForgiveCo, a public benefit , purchases large debt portfolios at a fraction of the original cost, creating up to a 50x impact.
The service is free to recipients and includes the removal of derogatory marks from their credit reports. Pacific Premier Bank will also provide veteran beneficiaries with complimentary financial well-being resources and counseling through its partnership with GreenPath Financial Wellness.
Pacific Premier Bancorp, Inc. (Nasdaq: PPBI) has announced that it will release its third quarter 2024 financial results before the market opens on Thursday, October 24, 2024. 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 question-and-answer session. The call will be webcast live on Pacific Premier's investor relations website, with an archived version available shortly after. Participants can join the call using the following details:
- United States: 1-866-290-5977
- International: 1-412-902-4111
- Canada: 1-855-669-9657
A telephone replay will be available through October 31, 2024. The webcast can be accessed at: https://event.choruscall.com/mediaframe/webcast.html?webcastid=FReaL311
Pacific Premier Bancorp, Inc. (NASDAQ: PPBI) announced that its subsidiary, Pacific Premier Bank, has committed $100,000 over two years to support Susan G. Komen's Financial Assistance Program (KFA). The KFA aims to advance health equity for under-insured, uninsured, and underserved populations facing breast cancer.
The Bank's support will help provide breast health education, screening, treatment, and support to those with little or no health insurance. This initiative addresses the stark reality that 1 in 8 women in the U.S. will face a breast cancer diagnosis, with a woman dying from breast cancer every 12 minutes. Experts suggest that one-third of breast cancer deaths in the U.S. could be prevented with universal access to modern treatments.
Pacific Premier Bancorp reported Q2 2024 financial results with a net income of $41.9 million, or $0.43 per diluted share, down from $47.0 million in Q1 2024 and $57.6 million in Q2 2023. ROAA was 0.90%, and ROAE was 5.76%, both lower than previous quarters. The net interest margin decreased to 3.26% from 3.39% in Q1 2024. Total assets were $18.33 billion, down from $18.81 billion in Q1 2024. Deposits fell to $14.63 billion, with non-interest-bearing deposits at 31.6% of total deposits. Loans held for investment decreased to $12.49 billion. The company declared a quarterly dividend of $0.33 per share. Key metrics included a tangible book value per share of $20.58 and a Common Equity Tier 1 capital ratio of 15.89%. Nonperforming assets were 0.28% of total assets, and the Allowance for Credit Losses decreased to $183.8 million. New loan commitments increased to $150.7 million, but overall loan balances and net interest income declined.
Star Mountain Capital, an investment firm with over $4 billion AUM, announced that Curtis Glovier has transitioned from a Senior Advisor to a full-time role as Managing Director and Strategic Portfolio Officer. Glovier, with over 30 years of experience in alternative investments, has held significant roles at Fortress Investment Group and PENSCO Trust Company. His extensive background includes private credit, private equity, investment banking, and consulting. Star Mountain Capital specializes in private loans and equity investments in the lower middle-market, aiming for defensive and premium yield returns. The firm believes Glovier's expertise will significantly benefit its stakeholders, including investors and portfolio companies. Glovier expressed enthusiasm for his new role, highlighting Star Mountain's mission of generating high-quality returns and creating positive community impact.
Pacific Premier Bancorp (Nasdaq: PPBI) will release its second quarter 2024 financial results on July 24, 2024, before the market opens. A conference call will be hosted at 9:00 a.m. PT (12:00 p.m. ET) the same day to discuss the results, with analysts and investors invited to participate in a Q&A session. The call will be webcast live on the company's investor relations website, with an archived version available shortly after the live event. Access details for the call include specific phone numbers for the United States, Canada, and international participants, as well as a replay service available until July 31, 2024.