Pacific Premier Bancorp, Inc. Set to Announce Fourth Quarter 2024 Financial Results

Pacific Premier Bancorp, Inc. (Nasdaq: PPBI), the parent company of Pacific Premier Bank, N.A., has announced that it will release its fourth quarter 2024 financial results before the market opens on Thursday, January 23, 2025. The company will also host a conference call at 9:00 a.m. PT / 12:00 p.m. ET on the same day to discuss its financial results. Analysts and investors may participate in the question-and-answer session.

Pacific Premier Bancorp, Inc. is a California-based commercial bank focused on serving small, middle-market, and corporate businesses throughout the Western United States. Founded in 1983, the bank has grown to become one of the largest banks headquartered in the Western region of the United States, with approximately $18 billion in total assets. Pacific Premier Bank provides a wide array of banking products and services, including deposit accounts, digital banking, and treasury management services, to businesses, professionals, entrepreneurs, real estate investors, and nonprofit organizations. The bank also offers a diverse range of loan products, commercial escrow services, and IRA custodial services through its Pacific Premier Trust division.

In the third quarter of 2024, Pacific Premier Bancorp, Inc. reported total assets of $17.9 billion, with loans held for investment (HFI) accounting for around 67.0% of total assets. The company's loan portfolio is diversified across various sectors, including commercial business loans, lines of credit, SBA loans, commercial real estate loans, agribusiness loans, franchise lending, home equity lines of credit, and construction loans. Pacific Premier Bancorp, Inc. has maintained excellent asset quality metrics, with better-than-peer average credit losses and nonperforming loans. The company's strong capital ratios, including a Tier 1 Capital Ratio of 16.83% and a Total Capital Ratio of 20.05%, indicate a solid financial position.

Pacific Premier Bancorp, Inc.'s strategic balance sheet actions and risk management approach have contributed to its revenue growth and stability. The company's focus on pre-provision net revenue generation, diversified revenue streams, and prudent risk management have enabled it to maintain a strong financial performance despite fluctuations in the economic environment. Pacific Premier Bancorp, Inc.'s experienced management team, with an average of over 25 years of banking experience, has played a crucial role in navigating the current interest rate environment and maintaining the company's strong capital position.

Investors and analysts can access the conference call and webcast through the Webcasts page of Pacific Premier's investor relations website. The telephone replay will be available through January 30, 2025, using specific replay codes for different regions. For additional information about Pacific Premier Bancorp, Inc. and Pacific Premier Bank, visit the company's website at www.ppbi.com.



In conclusion, Pacific Premier Bancorp, Inc.'s upcoming financial results announcement and conference call present an opportunity for investors and analysts to gain insights into the company's financial performance and strategic initiatives. The company's strong balance sheet, diversified loan portfolio, and experienced management team position it well for continued growth and success in the Western United States banking market.