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Company Description

Contact Info

17901 Von Karman Avenue

Suite 1200

Irvine, CA 92614

United States

Phone: 949-864-8000

Fax:

Pacific Premier Bancorp, Inc. operates as the holding company for Pacific Premier Bank that provides various banking products and services. The company’s primary target market is small and middle market businesses. It primarily conducts business throughout California from its 16 full-service depository branches in the counties of Los Angeles, Orange, Riverside, San Bernardino and San Diego. These depository branches are 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, California. The company provides banking services within its targeted markets in California to businesses, including the owners and employees of those businesses, professionals, real estate investors and non-profit organizations. Additionally, it provides certain banking services nationwide. It provides customized cash management, electronic banking services and credit facilities to Home Owners’ Associations (HOA) and HOA management companies nationwide. The company provides U.S. Small Business Administration (SBA) loans nationwide, which provide entrepreneurs and small business owner’s access to loans needed for working capital and continued growth. The company owns Infinity Franchise Holdings, LLC (Infinity Holdings) and its primary operating subsidiary, Infinity Franchise Capita (Infinity). Infinity is a specialty, nationwide lender to franchisees in the quick service restaurant (QSR) industry. The company, through Infinity Holdings, offers loans and other services to franchisees in the QSR industry. The company, through its branches and its Internet Website at www.ppbi.com, offers an array of deposit products and services, including checking, money market and savings accounts, cash management services, electronic banking services, and on-line bill payment. The company also offers an array of loan products, such as commercial business loans, lines of credit, SBA loans, warehouse credit facilities, commercial real estate (CRE) loans, residential home loans, construction loans and consumer loans. Lending Activities Commercial and Industrial Lending: The company originates commercial and industrial (C&I) loans secured by business assets, including inventory, receivables, and 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 issues letters of credit on behalf of its customers, backed by loans or deposits with the company. Franchise Lending: The company originates C&I loans to franchises in the QSR industry nationwide, including financing for equipment, real estate, new store development, remodeling, refinancing, acquisition and partnership restructuring. Commercial Owner-Occupied Business Lending: The company originates and purchases loans secured by owner-occupied CRE, such as small office and light industrial buildings, and mixed-use commercial properties located predominantly in California. It also makes loans secured by special purpose properties, such as gas stations and churches. SBA Lending: The company is approved to originate loans under the SBA’s Preferred Lenders Program (PLP). It originates loans nationwide under the SBA’s 7(a), Express, Patriot Express, International Trade and 504 loan programs, in conformity with SBA underwriting and documentation standards. The guaranteed portion of the 7(a) loans is typically sold on the secondary market. Warehouse Repurchase Facilities: The company provides warehouse repurchase facilities for qualified mortgage bankers operating principally in California. These facilities provide short-term funding for one-to-four family mortgage loans through 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. The company generally purchases only conforming/conventional (Federal National Mortgage Association, Federal Home Loan Mortgage Corpor

 

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Price/Earnings 14.9x
Price/Sales 4.7x
Price/Book 1.5x
Price/Cash Flow 19.0x
TEV/Sales 2.0x
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