Last $14.30 USD
Change Today -0.12 / -0.83%
Volume 35.5K
PPBI On Other Exchanges
Symbol
Exchange
Berlin
NASDAQ GS
As of 8:10 PM 07/31/14 All times are local (Market data is delayed by at least 15 minutes).

pacific premier bancorp inc (PPBI) Snapshot

Open
$14.28
Previous Close
$14.42
Day High
$14.39
Day Low
$14.25
52 Week High
03/18/14 - $17.48
52 Week Low
08/15/13 - $12.40
Market Cap
246.3M
Average Volume 10 Days
33.1K
EPS TTM
$0.87
Shares Outstanding
17.2M
EX-Date
--
P/E TM
16.4x
Dividend
--
Dividend Yield
--
Current Stock Chart for PACIFIC PREMIER BANCORP INC (PPBI)

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pacific premier bancorp inc (PPBI) Details

Pacific Premier Bancorp, Inc. operates as the bank holding company for Pacific Premier Bank that provides banking services to professionals, real estate investors, and non-profit organizations in Southern California. The company’s deposit products include checking accounts, money market accounts, passbook savings, and certificates of deposit. Its loan products portfolio comprises commercial non-owner occupied, multi-family, and one-to-four family real estate loans, as well as land loans; commercial owner occupied business loans; commercial and industrial loans; residential home loans; warehouse facilities loans; small business administration loans; and consumer loans, which primarily include home equity lines of credit, savings account loans, and auto loans. The company also provides cash management, electronic banking, and online bill payment services. It operates 13 full-service branch locations. The company was founded in 1983 and is headquartered in Irvine, California.

253 Employees
Last Reported Date: 07/23/14
Founded in 1983

pacific premier bancorp inc (PPBI) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $756.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $337.5K
Chief Operating Officer, Executive Vice Presi...
Total Annual Compensation: $246.5K
Chief Banking Officer, Senior Executive Vice ...
Total Annual Compensation: $392.0K
Executive Vice President, Chief Credit Office...
Total Annual Compensation: $302.0K
Compensation as of Fiscal Year 2013.

pacific premier bancorp inc (PPBI) Key Developments

Pacific Premier Bancorp Inc. Announces Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Pacific Premier Bancorp Inc. announced earnings results for the second quarter and six months ended June 30, 2014. The company reported net income for the second quarter ended June 30, 2014 was $4.64 million, or $0.27 per diluted share, compared to a net loss of $249,000, or $0.02 loss per diluted share, for the same quarter ended June 30, 2013. Net interest income after provision for loan losses for the second quarter ended June 30, 2014 was $16.67 million, compared to $13.27 million for the same quarter ended June 30, 2013. Net income for the six months ended June 30, 2014 was $7.27 million, or $0.42 per diluted share, compared to $1.72 million, or $0.11 per diluted share, for the same period ended June 30, 2013. Net interest income after provision for loan losses for the six months ended June 30, 2014 was $32.35 million, compared to $25.87 million for the same period ended June 30, 2013.

Pacific Premier Bancorp Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Pacific Premier Bancorp Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported net interest income after provision for loan losses of $16,668,000 against $13,267,000 a year ago. Income before tax was $7,498,000 against loss before tax of $158,000 a year ago. Net income was $4,643,000 against net loss of $249,000 a year ago. Earnings per diluted share were $0.27 against loss per diluted share of $0.02 a year ago. Adjusted net income was $4,643,000 against $3,019,000 a year ago. Adjusted diluted earnings per share were $0.27 against $0.19 a year ago. The company's return on average assets was 1.06% and return on average equity was 9.79%, compared with an adjusted 0.86% return on average assets and an adjusted 7.59% return on average equity for the three months ended June 30, 2013. The company's return on average tangible common equity was 11.96%, compared with and a minus 0.41% for the three months ended June 30, 2013. The increase in net interest income was primarily related to an increase in interest-earning assets of $306.3 million, primarily related to the acquisition of San Diego Trust, which occurred in the second quarter of 2013, and organic loan growth, and an increase in net interest margin of 25 basis points. For the six months, the company reported net interest income after provision for loan losses of $32,354,000 against $25,870,000 a year ago. The increase reflected an increase in interest-earning assets of $370.9 million while the net interest margin remained unchanged at 4.28%. Income before tax was $11,695,000 against $2,990,000 a year ago. Net income was $7,275,000 against $1,723,000 a year ago. Earnings per diluted share were $0.42 against $0.11 a year ago. Book value per share was $11.26. Adjusted net income was $7,668,000 against $6,084,000 a year ago. Adjusted diluted earnings per share were $0.44 against $0.39 a year ago. Return on average equity was 7.82% against 2.30% a year ago. Return on average assets was 0.85% against 0.27% a year ago.

Pacific Premier Bancorp Inc. Presents at KBW's 15th Annual Community Bank Investor Conference, Jul-29-2014

Pacific Premier Bancorp Inc. Presents at KBW's 15th Annual Community Bank Investor Conference, Jul-29-2014 . Venue: The Grand Hyatt Grand Central, New York, New York, United States. Speakers: Steven R. Gardner, Chief Executive Officer, President, Director, Member of Credit Committee, Chief Executive Officer of Pacific Premier Bank, President of Pacific Premier Bank and Director of Pacific Premier Bank.

 

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Industry Analysis

PPBI

Industry Average

Valuation PPBI Industry Range
Price/Earnings 17.3x
Price/Sales 3.4x
Price/Book 1.3x
Price/Cash Flow 16.9x
TEV/Sales NM Not Meaningful
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