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 reported a net income of $69.8 million, or $0.73 per diluted share for Q2 2022, up from $66.9 million in Q1 2022 but down from $96.3 million in Q2 2021. The company achieved a return on average assets of 1.29% and a return on average equity of 10.10%. Total assets rose to $21.99 billion. Loan growth was noteworthy at $356.3 million (or 9.7% annualized), with net interest income increasing by 6.8% to $172.8 million.
Pacific Premier Bancorp, Inc. (Nasdaq: PPBI) has announced it will release its second quarter 2022 financial results on July 21, 2022, before market open. The company will host a conference call at 9:00 a.m. PT to discuss these results, offering analysts and investors a chance to engage in a Q&A session. The call will be available via webcast, with an archived version accessible shortly after completion. Pacific Premier is a leading commercial bank in the western US, managing over $21 billion in assets and providing a comprehensive range of banking services.
Pacific Premier Bancorp (NASDAQ: PPBI) reported a first quarter 2022 net income of $66.9 million, or $0.70 per diluted share, down from $84.8 million in Q4 2021. The return on average assets was 1.28%, a decrease from 1.63% in the previous quarter. Total assets rose to $21.62 billion. The company achieved 12.3% annualized loan growth, funded by a 13.4% increase in deposits. The net interest margin was 3.41%, declining from 3.53%. Nonperforming assets rose to 0.26% of total assets, compared to 0.15% in Q4 2021.
Pacific Premier Bancorp, Inc. (Nasdaq: PPBI) announced it will release its first quarter 2022 financial results before the market opens on April 26, 2022. Following the release, a conference call will be held at 9:00 a.m. PT / 12:00 p.m. ET to discuss the results, with live webcasting available. The bank, a significant player in California and the western United States, has approximately $21 billion in total assets and offers various financial services.
Pacific Premier Bancorp has appointed Rose McKinney-James as a director, effective March 28, 2022. McKinney-James brings over two decades of public company director experience, particularly in ESG oversight and regulatory affairs. Her engagement will enhance the board's skillset, particularly concerning climate risk management.
Additionally, the company has released its inaugural Corporate Social Responsibility Report, highlighting initiatives such as a $50 million Equitable Impact Initiative and $2.3 billion in CRA eligible lending.
Pacific Premier Bancorp (Nasdaq: PPBI) announced it ranked #3 on Forbes' list of "America’s Best Banks" for the second time in three years. The ranking evaluates the top 100 publicly traded banks based on growth, credit quality, and profitability. Metrics are derived from regulatory filings up to September 30, 2021. CEO Steve Gardner expressed pride in this recognition, attributing it to the bank's diversified business model and technology-driven growth strategy.
Pacific Premier Bancorp (PPBI) reported a net income of $84.8 million or $0.89 per diluted share for Q4 2021, down from $90.1 million in Q3 2021. Return on average assets was 1.63% and return on average equity was 11.90%. Total assets grew to $21.09 billion, with loan commitments reaching $1.48 billion. The efficiency ratio improved to 48.0%, while nonperforming assets decreased to 0.15% of total assets. The company also enhanced its interest rate sensitivity with $900 million in interest rate swaps.
Pacific Premier Bancorp (Nasdaq: PPBI) will release its fourth quarter 2021 financial results on January 20, 2022, before market opening. A conference call to discuss the results will follow at 9:00 a.m. PT / 12:00 p.m. ET. Participants can access the call via phone or through a live webcast on Pacific Premier's investor relations website.
This call will allow analysts and investors to engage in a Q&A session. The live and archived webcasts will be available for later access.
Pacific Premier Bancorp, Inc. (NASDAQ: PPBI) announced that director Jaynie Miller Studenmund has been recognized in the 2021 NACD Directorship 100 for her exemplary leadership and governance in the boardroom. With over 20 years of experience in financial services, Ms. Studenmund has significantly contributed since joining the Board in 2019 and currently chairs the Compensation Committee while serving on the Enterprise Risk Committee. This recognition underscores her impact on corporate governance practices within the Company.
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