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Last $15.66 USD
Change Today -0.12 / -0.76%
Volume 34.8K
PPBI On Other Exchanges
Symbol
Exchange
Berlin
As of 8:10 PM 05/26/15 All times are local (Market data is delayed by at least 15 minutes).

pacific premier bancorp inc (PPBI) Snapshot

Open
$15.71
Previous Close
$15.78
Day High
$15.85
Day Low
$15.65
52 Week High
12/31/14 - $17.46
52 Week Low
06/3/14 - $13.65
Market Cap
336.9M
Average Volume 10 Days
31.3K
EPS TTM
$1.12
Shares Outstanding
21.5M
EX-Date
--
P/E TM
14.0x
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 and industrial loans; commercial owner occupied business loans; small business administration loans; commercial non-owner occupied and one-to-four family real estate loans; multi-family residential loans; construction loans; land loans; residential home loans; warehouse facilities 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. As of May 12, 2015, it operated 16 full-service depository branches located in the cities of Corona, Encinitas, Huntington Beach, Irvine, Los Alamitos, Newport Beach, Palm Desert, Palm Springs, Riverside, San Bernardino, San Diego, Seal Beach, and Tustin. The company was founded in 1983 and is headquartered in Irvine, California.

282 Employees
Last Reported Date: 03/16/15
Founded in 1983

pacific premier bancorp inc (PPBI) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $807.5K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $360.0K
Chief Operating Officer, Executive Vice Presi...
Total Annual Compensation: $292.5K
Chief Banking Officer, Senior Executive Vice ...
Total Annual Compensation: $424.0K
Chief Credit Officer, Executive Vice Presiden...
Total Annual Compensation: $337.5K
Compensation as of Fiscal Year 2014.

pacific premier bancorp inc (PPBI) Key Developments

Pacific Premier Bancorp Inc. Proposes Amendment to Amended and Restated Certificate of Incorporation

Pacific Premier Bancorp Inc. proposed to amend the company's amended and restated certificate of incorporation to increase the company's authorized shares of common stock from 25,000,000 to 50,000,000 shares, at the AGM to be held on May 26, 2015.

Pacific Premier Bancorp Inc. Reports Unaudited Consolidated Financial Results for the First Quarter Ended Mar. 31, 2015

Pacific Premier Bancorp Inc. reported unaudited consolidated financial results for the first quarter ended Mar. 31, 2015. The company reported net income for the first quarter of 2015 of $1.8 million, or $0.09 per diluted share. The company’s first quarter 2015 financial results compare to net income of $3.9 million, or $0.23 per share on a diluted basis, for the fourth quarter of 2014, which included an accrual for a litigation matter of $1.7 million and merger-related expenses of $864,000 related to the acquisition of Independence Bank. The first quarter 2015 results also compare to net income of $2.6 million, or $0.15 per share on a diluted basis, for the first quarter of 2014, which included merger-related expenses of $626,000 associated with the acquisition of Infinity Franchise Holdings, LLC (“Infinity Franchise Holdings”). Excluding non-recurring merger-related expenses and the litigation expense accrued in the fourth quarter of 2014, the company reported adjusted net income of $4.3 million, or $0.21 per share on a diluted basis, for the first quarter of 2015, compared with $5.4 million, or $0.31 per share on a diluted basis, for the fourth quarter of 2014, and $3.0 million, or $0.17 per share on a diluted basis, for the first quarter of 2014. For the three months ended March 31, 2015, the company’s return on average assets was 0.29% and return on average tangible common equity was 4.04%, compared with a return on average assets of 0.78% and a return on average tangible common equity of 9.56% for the three months ended December 31, 2014, and a return on average assets of 0.64% and a return on average tangible common equity of 7.22% for the three months ended March 31, 2014. Excluding the non-recurring merger-related expenses and the litigation expense detailed above that was accrued in the fourth quarter of 2014, the company’s adjusted return on average assets was 0.70% and adjusted return on average tangible common equity was 9.24% for the three months ended March 31, 2015, compared with an adjusted return on average assets of 1.09% and an adjusted return on average tangible common equity of 13.15% for the three months ended December 31, 2014, and an adjusted return on average assets of 0.73% and an adjusted return on average tangible common equity of 8.23% for the three months ended March 31, 2014. Net interest income totaled $23.1 million in the first quarter of 2015, up $3.9 million or 20.0% from the fourth quarter of 2014. The increase in net interest income reflected an increase in average interest-earning assets of $447.5 million, partially offset by a decrease in the net interest margin of 3 basis points to 3.99% and two less days in the current quarter. Net interest income for the first quarter of 2015 increased $6.5 million or 39.0% compared to $16.64 million for the first quarter of 2014. The increase was primarily related to an increase in average interest-earning assets of $779.1 million, primarily related to organic loan growth since the end of the first quarter of 2014 and acquisition of Independence Bank during the first quarter of 2015. The increase was partially offset by a lower net interest margin, which decreased 31 basis points from the first quarter of 2014 to the first quarter of 2015. At March 31, 2015, the ratio of tangible common equity to total assets was 7.95%, with a tangible book value of $10.01 per share and a book value per share of $12.78. Total interest income was $26.07 million against $18.02 million for the same period of last year. income before income tax was $2.85 million against $4.197 million for the same period of last year.

Pacific Premier Bancorp Seeks Acquisitions

Steven Gardner, President and Chief Executive Officer Pacific Premier Bancorp Inc. (NasdaqGS:PPBI) said in the first quarter earnings call 2015, "M&A is an ongoing process at our Bank, and we continually have a pipeline of targets that we are evaluating. Over time we expect acquisitions to continue to make a contribution to the overall growth of our franchise."

 

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PPBI Competitors

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Company Last Change
Bank of Marin Bancorp $46.95 USD -3.03
Cascade Bancorp $4.88 USD -0.09
Farmers & Merchants Bancorp/Lodi CA $525.00 USD 0.00
Guaranty Bancorp $16.11 USD -0.68
Preferred Bank/Los Angeles CA $27.71 USD -0.32
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Industry Analysis

PPBI

Industry Average

Valuation PPBI Industry Range
Price/Earnings 18.1x
Price/Sales 3.6x
Price/Book 1.2x
Price/Cash Flow 21.5x
TEV/Sales NM Not Meaningful
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