- **Community Impact**: $8M in loans to wildfire victims, showcasing crisis response leadership. 
- **Financial Resilience**: Q4 EPS of $0.35, 7.2% ROTCE, and 20.28% capital ratio highlight financial strength. 
- **Growth Momentum**: $316M loan originations, 2025 growth target 5-7%, and $500-525M NIM guidance. 
- **Strategic Moves**: Exploring M&A, loan purchases, and rate cuts to drive deposit growth. 
- **Risk Management**: Minimal credit risk (0.23% NPLs), strong liquidity ($610M cash). 


**【CEO Opening Remarks】**
- **Community Support Initiatives**: Launched Rebuild LA initiatives to support wildfire-affected clients, including $8 million in loans with $5 million secured by multiple properties. 
- **Q4 Financial Highlights**: EPS of $0.35, ROA of 75bps, and ROTCE of 7.2%. Loan originations reached $316M, highest since Q3 2022. 
- **Economic Outlook**: Optimism from Fed rate cuts and policy stability driving C&I loan growth. 2025 loan growth expected at low-mid single digits. 
- **Capital Allocation**: Maintaining dividend, redeploying liquidity into loans, and exploring M&A opportunities. 

**【CFO Financial Details】**
- **Q4 Results**: Net income $33.9M, revenue $144.5M, efficiency ratio 67.8%. 
- **Net Interest Margin (NIM)**: 3.02% (down 14bps), driven by lower funding costs (1.88%) and higher origination rates (6.92%). 
- **Balance Sheet**: Total assets $17.9B, loan-to-deposit ratio 83.3%. Liquidity strong with $610M cash and $1.1B maturing securities. 
- **Capital Strength**: Tangible common equity ratio 11.92%, total risk-based capital 20.28%, near top of KBW index. 

**【Q&A Key Takeaways】**
- **Interest Rate Strategy**: Anticipate 250bps rate cuts in 2025, targeting NIM of $500-525M. Deposit beta ~35-40%. 
- **Loan Purchases**: $400M C&I and $115M SFR loans purchased in Q4, focusing on non-leveraged credits. 
- **M&A Activity**: Actively pursuing transactions, open to both buyer/seller roles. 
- **Wildfire Impact**: Minimal credit risk ($8M loans affected), focused on rebuilding support. 
- **Expense Management**: Non-interest expense guidance $405-415M, disciplined cost control. 

**【Forward Guidance】**
- **2025 Outlook**: Loan growth 5-7%, NIM stabilization, and EPS growth driven by loan expansion. 
- **Risk Management**: Non-performing loans at 0.23%, delinquencies 0.02%, strong asset quality trends. 
- **Regulatory Environment**: Expecting regulatory clarity to support business-friendly lending. 


Pacific Premier Bancorp, Inc. (PPBI) Q4 2024 Earnings Call Transcript

Pacific Premier Bancorp (PPBI)-24 Oct 24-2024 Q3 Earnings call transcript

Pacific Premier Bancorp (PPBI)-24 Jul 24-2024 Q2 Earnings call transcript

Pacific Premier Bancorp (PPBI)-24 Apr 24-2024 Q1 Earnings call transcript

Pacific Premier Bancorp (PPBI)-29 Jan 24-2023 Q4 Earnings call transcript

Pacific Premier Bancorp (PPBI)-24 Oct 23-2023 Q3 Earnings call transcript

Pacific Premier Bancorp (PPBI)-27 Apr 23-2023 Q1 Earnings call transcript

Pacific Premier Bancorp (PPBI)-26 Jan 23-2022 Q4 Earnings call transcript

Pacific Premier Bancorp (PPBI)-20 Oct 22-2022 Q3 Earnings call transcript

Pacific Premier Bancorp (PPBI)-21 Jul 22-2022 Q2 Earnings call transcript

Pacific Premier Bancorp (PPBI)-26 Apr 22-2022 Q1 Earnings call transcript

Pacific Premier Bancorp (PPBI)-20 Jan 22-2021 Q4 Earnings call transcript

Pacific Premier Bancorp (PPBI)-21 Oct 21-2021 Q3 Earnings call transcript

Pacific Premier Bancorp (PPBI)-28 Jul 21-2021 Q2 Earnings call transcript

Pacific Premier Bancorp (PPBI)-27 Apr 21-2021 Q1 Earnings call transcript

Pacific Premier Bancorp (PPBI)-26 Jan 21-2020 Q4 Earnings call transcript

Pacific Premier Bancorp (PPBI)-27 Oct 20-2020 Q3 Earnings call transcript

Pacific Premier Bancorp (PPBI)-27 Jul 20-2020 Q2 Earnings call transcript

Pacific Premier Bancorp (PPBI)-28 Apr 20-2020 Q1 Earnings call transcript

Pacific Premier Bancorp (PPBI)-23 Jan 20-2019 Q4 Earnings call transcript

Pacific Premier Bancorp (PPBI)-22 Oct 19-2019 Q3 Earnings call transcript

Pacific Premier Bancorp (PPBI)-23 Jul 19-2019 Q2 Earnings call transcript

Pacific Premier Bancorp (PPBI)-23 Apr 19-2019 Q1 Earnings call transcript

Pacific Premier Bancorp (PPBI)-29 Jan 19-2018 Q4 Earnings call transcript

Pacific Premier Bancorp (PPBI)-23 Oct 18-2018 Q3 Earnings call transcript

Pacific Premier Bancorp (PPBI)-24 Jul 18-2018 Q2 Earnings call transcript

Pacific Premier Bancorp (PPBI)-1 May 18-2018 Q1 Earnings call transcript

Pacific Premier Bancorp (PPBI)-24 Oct 17-2017 Q3 Earnings call transcript

PPBI(Delisted)

PPBI fundamentals

Earnings Call

You can ask Aime