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Last $19.01 USD
Change Today -0.11 / -0.58%
Volume 107.9K
PPBI On Other Exchanges
Symbol
Exchange
Berlin
NASDAQ GS
As of 8:10 PM 07/31/15 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 that 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. The company’s primary target market is small and middle market businesses. The company provides certain banking services nationwide. Through its Home Owners’ Association (HOA) Banking and Lending unit, the company provides customized cash management, electronic banking services and credit facilities to HOAs and HOA management companies nationwide. Through its U.S. Small Business Administration (SBA) Lending unit, it provides entrepreneurs and small business owners access to loans needed for working capital and continued growth. In addition, the company expanded its commercial banking platform as a result of its acquisition of Infinity Franchise Holdings, LLC (Infinity Holdings) and its primary operating subsidiary, Infinity Franchise Capital (IFC and together with Infinity Holdings, Infinity), in January 2014. Infinity was a specialty, nationwide lender to franchisees in the quick service restaurant (QSR) industry. The company offers loans and other services to franchisees in the QSR industry through its newly formed Franchise Lending unit. The company primarily conducts business throughout California from its 13 full-service depository branches in the counties of Los Angeles, Orange, Riverside, San Bernardino and San Diego. Through its branches and its Internet website at www.ppbi.com, the company offers various deposit products and services, including checking, money market and savings accounts, cash management services, electronic banking services, and online bill payment. The company also offers a range of loan products, such as commercial business loans, lines of credit, SBA loans, warehouse credit facilities, commercial real estate loans, residential home loans, construction loans and consumer loans. The company’s deposits consist of checking accounts, passbook savings, and certificates of deposit. 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 issues 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 owner-occupied CRE, such as retail buildings, small office and light industrial buildings, and mixed-use commercial properties located predominantly in California. The company 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. 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. 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 it 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 (FNMA), Federal Home Loan Mortgage Corporation (FHLMC)) and government guaranteed (Federal Housing Administration (FHA), Veterans Administration and U.S. Department of Agriculture) credits, and only after thorough due diligence including fraud checks. Commercial Non-Owner Occupied Real Estate Lending: The company originates and purchases loans that are secured by CRE, such a

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Industry Analysis

PPBI

Industry Average

Valuation PPBI Industry Range
Price/Earnings 19.3x
Price/Sales 4.2x
Price/Book 1.5x
Price/Cash Flow 21.6x
TEV/Sales 0.9x
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