Last $14.00 USD
Change Today -0.04 / -0.28%
Volume 15.8K
PPBI On Other Exchanges
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Berlin
NASDAQ GS
As of 8:10 PM 07/11/14 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

17901 Von Karman Avenue

Suites 200 & 1200

Irvine, CA 92614

United States

Phone: 949-864-8000

Fax:

Pacific Premier Bancorp, Inc. operates as the holding company for Pacific Premier Bank (the Bank) that provides various banking services to businesses and consumers in southern California. The company conducts business throughout southern California from 10 locations in the counties of Los Angeles, Orange, Riverside and San Bernardino. It operates depository branches in the cities of Huntington Beach, Irvine, Los Alamitos, Newport Beach, Palm Desert, Palm Springs, San Bernardino and Seal Beach, California. Operations The company offers a range of deposit products and services for both business and consumer customers, including checking, passbook, certificates of deposit, money market and savings accounts, cash management services, electronic banking, and online bill payment. It offers a range of loan products, such as commercial business loans, lines of credit, commercial real estate loans, U.S. Small Business Administration (SBA) loans, residential home loans, home equity lines of credit and consumer loans. Commercial and Industrial Lending: The company originates Commercial and Industrial loans secured by business assets including inventory, receivables, machinery and equipment to businesses located in its primary market area. Loan types include revolving lines of credit, term loans, seasonal loans and loans secured by liquid collateral such as cash deposits or marketable securities. The company also issue letters of credit on behalf of its customers, backed by loans or deposits with the Company. Commercial Owner Occupied Business Lending: The company originates and purchases loans secured by commercial owner occupied real estate, such as retail buildings, small office and light industrial buildings, and mixed-use commercial properties located predominantly in southern California. The company also makes loans secured by special purpose properties, such as gas stations. SBA Lending: The company is approved to originate loans under the SBA’s Preferred Lenders Program (PLP). The PLP lending status affords the company a higher level of delegated credit autonomy, translating to a significantly shorter turnaround time from application to funding, which is critical to its marketing efforts. The company originates loans under the SBA’s 7(a), Express, Patriot Express and 504 loan programs, in conformity with SBA underwriting and documentation standards. Warehouse Repurchase Facilities: The company originates warehouse repurchase facilities to qualified mortgage bankers operating principally in California. These facilities provide short-term funding for one-to-four family mortgage loans via a mechanism whereby the mortgage banker sells the company closed loans on an interim basis, to be repurchased in conjunction with the sale of each loan on the secondary market. Commercial Non-Owner Occupied Real Estate Lending: The company originates and purchases loans that are secured by commercial real estate, such as retail centers, small office and light industrial buildings, and mixed-use commercial properties that are not occupied by the borrower and are located predominantly in southern California. The company also makes loans secured by special purpose properties, such as hotels. Multi-family Real Estate Lending: The company originates and purchases loans secured by multi-family residential properties (five units and greater) located predominantly in southern California. One-to-Four Family Real Estate Lending: The company participates in single family lending on occasion, mainly through purchases, to diversify its portfolio; and, in keeping with the company’s strategy of offering a full complement of loan products to customers, the company has occasionally funded home loans to banking customers. Other Loans: The company originates other consumer loan products, for banking customers only, which consist primarily of savings account loans and auto loans. Deposits The company offers various deposit accounts with a range of interest rates and terms. Its deposits consist of checking accounts, money market accounts, passbook savings, and certificates of deposit. Investment Activities The company invests in U.S. government securities, federal agency-backed securities, non-government guaranteed mortgage-backed securities (MBS), municipal bonds, and corporate bonds. Regulation As a bank holding company, the company is subject to regulation and supervision by the Board of Governors of the Federal Reserve System. The Bank is subject to supervision, periodic examination and regulation by the California Department of Financial Institutions and the Board of Governors of the Federal Reserve System. Its deposits are insured by the Federal Deposit Insurance Corporation through the Deposit Insurance Fund. As a California-chartered commercial bank, the Pacific Premier Bank is also subject to certain provisions of California law. The Bank is also subject to certain consumer laws and regulations that are designed to protect consumers in transactions with banks. These laws include Truth in Lending Act; Truth in Savings Act; Electronic Funds Transfer Act; Expedited Funds Availability Act; Equal Credit Opportunity Act; Fair and Accurate Credit Transactions Act; Fair Housing Act; Fair Credit Reporting Act; Fair Debt Collection Act; Home Mortgage Disclosure Act; Real Estate Settlement Procedures Act; laws regarding unfair and deceptive acts and practices; and usury laws. History Pacific Premier Bancorp, Inc. was founded in 1997.

 

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PPBI

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Valuation PPBI Industry Range
Price/Earnings 24.9x
Price/Sales 3.5x
Price/Book 1.3x
Price/Cash Flow 25.0x
TEV/Sales 0.2x
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