Last $17.05 USD
Change Today +0.25 / 1.49%
Volume 29.1K
PPBI On Other Exchanges
Symbol
Exchange
Berlin
As of 8:10 PM 12/26/14 All times are local (Market data is delayed by at least 15 minutes).

pacific premier bancorp inc (PPBI) Snapshot

Open
$16.79
Previous Close
$16.80
Day High
$17.13
Day Low
$16.68
52 Week High
03/18/14 - $17.48
52 Week Low
04/30/14 - $13.65
Market Cap
288.0M
Average Volume 10 Days
40.9K
EPS TTM
$1.00
Shares Outstanding
16.9M
EX-Date
--
P/E TM
17.0x
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.

229 Employees
Last Reported Date: 03/17/14
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. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Reports Net Loan Charge-Offs for the Third Quarter of 2014

Pacific Premier Bancorp Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported total interest income of $21,034,000 against $16,374,000 for the same period last year. Net income before income taxes was $8,860,000 against $4,912,000 for the same period last year. Net income was $5,450,000 or $0.31 per diluted share against $3,066,000 or $0.18 per diluted share for the same period last year. Return on average assets was 1.14% against 0.78% for the same period last year. Return on average equity was 11.25% against 7.29% for the same period last year. Adjusted net income was $5,450,000 or $0.31 per diluted share against $3,066,000 or $0.18 per diluted share for the same period last year. The increase in net interest income primarily reflected an increase in the average interest-earning assets of $153.7 million, partially offset by a decrease in the net interest margin of 12 basis points. For the nine months, the company reported total interest income of $58,287,000 against $45,545,000 for the same period last year. Net income before income taxes was $20,555,000 against $7,902,000 for the same period last year. Net income was $12,725,000 or $0.73 per diluted share against $4,789,000 or $0.29 per diluted share for the same period last year. Return on average assets was 0.96% against 0.46% for the same period last year. Return on average equity was 8.98% against 4.09% for the same period last year. Adjusted net income was $13,118,000 or $0.75 per diluted share against $9,150,000 or $0.57 per diluted share for the same period last year. Book value per share as on September 30, 2014 was $11.59 against $10.28 as on September 30, 2013. Tangible book value per share as on September 30, 2014 was $9.90 against $8.82 as on September 30, 2013. In the third quarter of 2014, the company had net loan charge-offs of $250,000, compared to net loan recoveries of $18,000 in the second quarter of 2014 and net loan charge-offs of $646,000 in the third quarter of 2013.

Pacific Premier Bancorp Inc., Q3 2014 Earnings Call, Oct 22, 2014

Pacific Premier Bancorp Inc., Q3 2014 Earnings Call, Oct 22, 2014

Pacific Premier Bancorp, Inc. Announces Private Offering of Subordinated Notes

Pacific Premier Bancorp Inc. announced the completion of a private placement of $60 million in aggregate principal amount of subordinated notes to certain accredited investors. The subordinated notes bear a fixed interest rate of 5.75% per annum, payable semi-annually, and mature on September 3, 2024. The company estimates that the net proceeds from the sale of the notes will be approximately $59 million, and the notes are expected to qualify as Tier 2 capital for regulatory purposes. The company intends to use the net proceeds from this offering for general corporate purposes, including but not limited to, contribution of capital to Pacific Premier Bank to support both organic growth as well as opportunistic acquisitions, should appropriate opportunities arise.

 

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Industry Analysis

PPBI

Industry Average

Valuation PPBI Industry Range
Price/Earnings 17.5x
Price/Sales 3.8x
Price/Book 1.5x
Price/Cash Flow 17.0x
TEV/Sales NM Not Meaningful
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