PPBI - Earnings announcements

TACOMA, Wash., April 23, 2025 /PRNewswire/ -- $87 million $140 million $0.41 $0.67 Net income Operating net income 1 Earnings per diluted common share Operating earnings per diluted common share 1   CEO Commentary "Our consistent, repeatable performance in 2024 carried through to the first quarter of 2025," said Clint Stein, President and CEO. "Although the global environment is rife with uncertainty, our operations remain steadfast. Our consistent approach to banking is a key contributor to Columbia's success through business and credit cycles, and our teams' dedication to fo

First Quarter 2025 Summary Net income of $36.0 million, or $0.37 per diluted share Return on average assets of 0.80% Net interest margin expanded 4 bps to 3.06% Average cost of deposits decreased 14 bps to 1.65%, and spot cost of deposits of 1.61% Non-maturity deposits(1) increased $247.0 million to $12.60 billion, or 85.9% of total deposits Non-interest bearing deposits increased $210.1 million to $4.83 billion, or 32.9% of total deposits Total delinquency of 0.02% of loans held for investment Nonperforming assets to total assets of 0.15%, net loan recoveries of $343,000 Tangible book value per share(1) increased to $20.98 Common equity tier 1 capital ratio of 16.99%, a

Natural Combination of the Western Region's Leading Business Banks Builds Market Presence and Drives Financial Performance TACOMA, Wash. and IRVINE, Calif., April 23, 2025 /PRNewswire/ -- Columbia Banking System, Inc. ("Columbia") (NASDAQ:COLB), the parent company of Umpqua Bank, and Pacific Premier Bancorp, Inc. ("Pacific Premier") (Nasdaq: PPBI), the parent company of Pacific Premier Bank, National Association, jointly announced today that they have entered into a definitive merger agreement, pursuant to which Columbia will acquire Pacific Premier in an all-stock transaction. The combined company will have approximately $70 billion in assets and will be a market leader in the largest banki

Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) ("Pacific Premier"), the holding company of Pacific Premier Bank, N.A. ("Pacific Premier Bank"), announced today that it will issue its first quarter 2025 financial results before the market opens on Thursday, April 24, 2025. Pacific Premier will also host a conference call at 9:00 a.m. PT / 12:00 p.m. ET that day to discuss its financial results. Analysts and investors may participate in the question-and-answer session. The conference call will be webcast live on the Webcasts page of Pacific Premier's investor relations website, and an archived version of the webcast will be available in the same location shortly after the live call has ended.

Fourth Quarter 2024 Summary Net income of $33.9 million, or $0.35 per diluted share Return on average assets of 0.75% Average cost of deposits decreased 5 bps to 1.79%, end-of-period cost of deposits of 1.72% Non-maturity deposits increased $145.8 million to $12.35 billion, or 85.4% of total deposits Loans held for investment increased $4.6 million to $12.04 billion Total delinquency of 0.02% of loans held for investment, nonperforming assets to total assets of 0.16%, and net charge-offs to average loans of 0.01% Tangible book value per share(1) increased $0.16 from the prior quarter to $20.97 Tangible common equity ratio(1) increased to 11.92% Common equity tier

Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) ("Pacific Premier"), the holding company of Pacific Premier Bank, N.A. ("Pacific Premier Bank"), announced today that it will issue its fourth quarter 2024 financial results before the market opens on Thursday, January 23, 2025. Pacific Premier will also host a conference call at 9:00 a.m. PT / 12:00 p.m. ET that day to discuss its financial results. Analysts and investors may participate in the question-and-answer session. The conference call will be webcast live on the Webcasts page of Pacific Premier's investor relations website, and an archived version of the webcast will be available in the same location shortly after the live call has ende

Third Quarter 2024 Summary Net income of $36.0 million, or $0.37 per diluted share Return on average assets of 0.79% Pre-provision net revenue ("PPNR")(1) to average assets of 1.06%, annualized Net interest margin of 3.16% Average cost of deposits of 1.84%, and spot cost of deposits of 1.80% Non-maturity deposits(1) to total deposits of 84.30% Non-interest bearing deposits totaled 32.0% of total deposits Total delinquency of 0.08% of loans held for investment Nonperforming assets to total assets of 0.22% Tangible book value per share(1) increased $0.23 from the prior quarter to $20.81 Common equity tier 1 capital ratio of 16.83%, and total risk-based capital ratio of 2

Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) ("Pacific Premier"), the holding company of Pacific Premier Bank, announced today that it will issue its third quarter 2024 financial results before the market opens on Thursday, October 24, 2024. Pacific Premier will also host a conference call at 9:00 a.m. PT / 12:00 p.m. ET that day to discuss its financial results. Analysts and investors may participate in the question-and-answer session. The conference call will be webcast live on the Webcasts page of Pacific Premier's investor relations website, and an archived version of the webcast will be available in the same location shortly after the live call has ended. Conference Call, Webcast and

Second Quarter 2024 Summary Net income of $41.9 million, or $0.43 per diluted share Return on average assets of 0.90% Pre-provision net revenue ("PPNR")(1) to average assets of 1.23%, annualized Net interest margin of 3.26% Cost of deposits of 1.73%, and cost of non-maturity deposits(1) of 1.17% Non-maturity deposits(1) to total deposits of 83.66% Non-interest bearing deposits totaled 31.6% of total deposits Total delinquency of 0.14% of loans held for investment Nonperforming assets to total assets of 0.28% Tangible book value per share(1) increased $0.25 from the prior quarter to $20.58 Common equity tier 1 capital ratio of 15.89%, and total risk-based cap

Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) ("Pacific Premier"), the holding company of Pacific Premier Bank, announced today that it will issue its second quarter 2024 financial results before the market opens on Wednesday, July 24, 2024. Pacific Premier will also host a conference call at 9:00 a.m. PT / 12:00 p.m. ET that day to discuss its financial results. Analysts and investors may participate in the question-and-answer session. The conference call will be webcast live on the Webcasts page of Pacific Premier's investor relations website, and an archived version of the webcast will be available in the same location shortly after the live call has ended. Conference Call, Webcast and

First Quarter 2024 Summary Net income of $47.0 million, or $0.49 per diluted share Return on average assets of 0.99%, return on average equity of 6.50%, and return on average tangible common equity(1) of 10.05% Pre-provision net revenue ("PPNR")(1) to average assets of 1.43%, annualized Net interest margin expanded 11 basis points to 3.39% Cost of deposits of 1.59%, and cost of non-maturity deposits(1) of 1.06% Non-maturity deposits(1) to total deposits of 84.42% Total delinquency of 0.09% of loans held for investment Nonperforming assets to total assets of 0.34% Tangible book value per share(1) increased $0.11 compared to the prior quarter to $20.33 Common equ

Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) ("Pacific Premier"), the holding company of Pacific Premier Bank, announced today that it will issue its first quarter 2024 financial results before the market opens on Wednesday, April 24, 2024. Pacific Premier will also host a conference call at 9:00 a.m. PT / 12:00 p.m. ET that day to discuss its financial results. Analysts and investors may participate in the question-and-answer session. The conference call will be webcast live on the Webcasts page of Pacific Premier's investor relations website, and an archived version of the webcast will be available in the same location shortly after the live call has ended. Conference Call, Webcast, an

Fourth Quarter 2023 Summary Net loss of $135.4 million, or $1.44 per diluted share; adjusted net income of $48.4 million, or $0.51 per diluted share(1) Sold $1.26 billion of available-for-sale securities for a net after-tax loss of $182.3 million, repositioning the balance sheet Net interest margin expanded 16 basis points to 3.28% Cost of deposits of 1.56%, and cost of non-maturity deposits(1) of 1.02% Non-maturity deposits increased to 84.7% of total deposits Reduced $617.0 million in higher cost brokered certificates of deposit and $200.0 million in FHLB borrowings during the quarter Total delinquency of 0.08% of loans held for investment, nonperforming assets to tot

Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) ("Pacific Premier"), the holding company of Pacific Premier Bank, announced today that it will issue its fourth quarter 2023 financial results before the market opens on Monday, January 29, 2024. Pacific Premier will also host a conference call at 9:00 a.m. PT / 12:00 p.m. ET that day to discuss its financial results. Analysts and investors may participate in the question-and-answer session. The conference call will be webcast live on the Webcasts page of Pacific Premier's investor relations website, and an archived version of the webcast will be available in the same location shortly after the live call has ended. Conference Call, Webcast and

Third Quarter 2023 Summary Net income of $46.0 million, or $0.48 per diluted share Return on average assets of 0.88%, return on average equity of 6.43%, and return on average tangible common equity(1) of 10.08% Pre-provision net revenue ("PPNR")(1) to average assets of 1.27%, annualized Net interest margin of 3.12% Cost of deposits of 1.50%, and cost of non-maturity deposits(1) of 0.89% Total delinquency of 0.08% of loans held for investment, and nonperforming assets to total assets of 0.13% Common equity tier 1 capital ratio of 14.87%, and total risk-based capital ratio of 17.74% Tangible book value per share(1) of $19.89; tangible common equity ratio(1) of 9.87%

Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) ("Pacific Premier"), the holding company of Pacific Premier Bank, announced today that it will issue its third quarter 2023 financial results before the market opens on Tuesday, October 24, 2023. Pacific Premier will also host a conference call at 9:00 a.m. PT / 12:00 p.m. ET that day to discuss its financial results. Analysts and investors may participate in the question-and-answer session. The conference call will be webcast live on the Webcasts page of Pacific Premier's investor relations website, and an archived version of the webcast will be available in the same location shortly after the live call has ended. Conference Call, Webcast and

Second Quarter 2023 Summary Net income of $57.6 million, or $0.60 per diluted share Return on average assets of 1.09%, return on average equity of 8.11%, and return on average tangible common equity(1) of 12.66% Pre-provision net revenue ("PPNR")(1) to average assets of 1.52%, annualized Net interest margin of 3.33% Cost of deposits of 1.27%, and cost of non-maturity deposits(1) of 0.71% Nonperforming assets to total assets of 0.08%, and net charge-offs to average loans of 0.03% Common equity tier 1 capital ratio of 14.34% and total risk-based capital ratio of 17.24% Tangible book value per share(1) of $19.79; tangible common equity ratio(1) of 9.59% Available liq

Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) ("Pacific Premier"), the holding company of Pacific Premier Bank, announced today that it will issue its second quarter 2023 financial results before the market opens on Thursday, July 27, 2023. Pacific Premier will also host a conference call at 9:00 a.m. PT / 12:00 p.m. ET that day to discuss its financial results. Analysts and investors may participate in the question-and-answer session. The conference call will be webcast live on the Webcasts page of Pacific Premier's investor relations website, and an archived version of the webcast will be available in the same location shortly after the live call has ended. Conference Call, Webcast and

First Quarter 2023 Summary Net income of $62.6 million, or $0.66 per diluted share Return on average assets of 1.15%, return on average equity of 8.87%, and return on average tangible common equity(1) of 13.89% Pre-provision net revenue ("PPNR")(1) to average assets of 1.63%, annualized Net interest margin of 3.44% Cost of deposits of 0.94%, and cost of core deposits(1) of 0.54%; total deposits decreased $144.6 million, or 0.8%, from the prior quarter Nonperforming assets to total assets of 0.14%, and net charge-offs to average loans of 0.02% Total risk-based capital ratio of 16.33% and common equity tier 1 capital ratio of 13.54% Tangible book value per share(1) inc

Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) ("Pacific Premier"), the holding company of Pacific Premier Bank, announced today that it will issue its first quarter 2023 financial results before the market opens on Thursday, April 27, 2023. Pacific Premier will also host a conference call at 9:00 a.m. PT / 12:00 p.m. ET that day to discuss its financial results. Analysts and investors may participate in the question-and-answer session. The conference call will be webcast live on the Webcasts page of Pacific Premier's investor relations website, and an archived version of the webcast will be available in the same location shortly after the live call has ended. Conference Call, Webcast and

Fourth Quarter 2022 Summary Net income of $73.7 million, or $0.77 per diluted share Return on average assets of 1.36%, return on average equity of 10.71%, and return on average tangible common equity(1) of 16.99% Pre-provision net revenue ("PPNR") to average assets(1) of 1.89%, annualized, increased from 1.85% in the prior quarter Efficiency ratio(1) of 47.4%, compared with 48.3% in the prior quarter Net interest margin of 3.61%, and core net interest margin(1) of 3.38% Cost of deposits of 0.58%, and cost of core deposits(1) of 0.31% Loan-to-deposit ratio of 84.6%, compared with 84.0% in the prior quarter Nonperforming assets to total assets of 0.14%, and net charge-offs to

Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) ("Pacific Premier"), the holding company of Pacific Premier Bank, announced today that it will issue its fourth quarter 2022 financial results before the market opens on Thursday, January 26, 2023. Pacific Premier will also host a conference call at 9:00 a.m. PT / 12:00 p.m. ET that day to discuss its financial results. Analysts and investors may participate in the question-and-answer session. The conference call will be webcast live on the Webcasts page of Pacific Premier's investor relations website, and an archived version of the webcast will be available in the same location shortly after the live call has ended. Conference Call, Webcast and

Third Quarter 2022 Summary Net income of $73.4 million, or $0.77 per diluted share Return on average assets of 1.35%, return on average equity of 10.57%, and return on average tangible common equity of 16.74%(1) Pre-provision net revenue ("PPNR") to average assets of 1.85%, annualized, and efficiency ratio of 48.3%(1) Net interest margin of 3.61%, and core net interest margin of 3.44%(1) Cost of deposits of 0.22%, and cost of core deposits of 0.11%(1) Loan-to-deposit ratio of 84.0%, compared with 83.2% in the prior quarter Noninterest-bearing deposits represent 38.2% of total deposits Nonperforming assets to total assets of 0.28%, and net charge-offs to average loans of 0.01

Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) ("Pacific Premier"), the holding company of Pacific Premier Bank, announced today that it will issue its third quarter 2022 financial results before the market opens on Thursday, October 20, 2022. Pacific Premier will also host a conference call at 9:00 a.m. PT / 12:00 p.m. ET that day to discuss its financial results. Analysts and investors may participate in the question-and-answer session. The conference call will be webcast live on the Webcasts page of Pacific Premier's investor relations website, and an archived version of the webcast will be available in the same location shortly after the live call has ended. Conference Call, Webcast and

Second Quarter 2022 Summary Net income of $69.8 million, or $0.73 per diluted share Return on average assets of 1.29%, return on average equity of 10.10%, and return on average tangible common equity of 16.07%(1) Pre-provision net revenue ("PPNR") to average assets of 1.77%, annualized, and efficiency ratio of 49.0%(1) Diversified loan growth of $356.3 million, or 9.7% annualized(2) Net interest margin of 3.49%, and core net interest margin of 3.33%(1) Cost of deposits of 0.06%, and cost of core deposits of 0.04%(1) Noninterest-bearing deposits represent 38.3% of total deposits Nonperforming assets to total assets of 0.20%, and classified assets to total assets of 0.48% Pa

Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) ("Pacific Premier"), the holding company of Pacific Premier Bank, announced today that it will issue its second quarter 2022 financial results before the market opens on Thursday, July 21, 2022. Pacific Premier will also host a conference call at 9:00 a.m. PT / 12:00 p.m. ET that day to discuss its financial results. Analysts and investors may participate in the question-and-answer session. The conference call will be webcast live on the Webcasts page of Pacific Premier's investor relations website, and an archived version of the webcast will be available in the same location shortly after the live call has ended. Conference Call, Webcast and Re

First Quarter 2022 Summary Net income of $66.9 million, or $0.70 per diluted share Return on average assets of 1.28%, return on average equity of 9.34%, and return on average tangible common equity of 14.66%(1) Diversified loan growth of $438.6 million, or 12.3% annualized Deposit growth of $573.6 million, or 13.4% annualized Net interest margin of 3.41%, and core net interest margin of 3.33%(1) Cost of deposits remained unchanged at 0.04% Noninterest-bearing deposits increased to 40.2% of total deposits Nonperforming assets to total assets of 0.26%, and classified assets to total assets of 0.57% Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) (the "Company" or "Pacific Premie

Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) ("Pacific Premier"), the holding company of Pacific Premier Bank, announced today that it will issue its first quarter 2022 financial results before the market opens on Tuesday, April 26, 2022. Pacific Premier will also host a conference call at 9:00 a.m. PT / 12:00 p.m. ET that day to discuss its financial results. Analysts and investors may participate in the question-and-answer session. The conference call will be webcast live on the Webcasts page of Pacific Premier's investor relations website, and an archived version of the webcast will be available in the same location shortly after the live call has ended. Conference Call, Webcast and Rep

Fourth Quarter 2021 Summary Net income of $84.8 million, or $0.89 per diluted share Return on average assets of 1.63%, return on average equity of 11.90%, and return on average tangible common equity of 18.66%(1) Efficiency ratio of 48.0%(1) Loan growth of $315.8 million, or 9.0%, annualized Net interest margin of 3.53%, and core net interest margin of 3.36%(1) Cost of deposits decreased to 0.04% Nonperforming assets represent 0.15% of total assets Tangible book value per diluted share increased $0.54 to $20.29(1) Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) (the "Company" or "Pacific Premier"), the holding company of Pacific Premier Bank (the "Bank"), reported net income o

Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) ("Pacific Premier"), the holding company of Pacific Premier Bank, announced today that it will issue its fourth quarter 2021 financial results before the market opens on Thursday, January 20, 2022. Pacific Premier will also host a conference call at 9:00 a.m. PT / 12:00 p.m. ET that day to discuss its financial results. Analysts and investors may participate in the question-and-answer session. The conference call will be webcast live on the Webcasts page of Pacific Premier's investor relations website, and an archived version of the webcast will be available in the same location shortly after the live call has ended. Conference Call, Webcast and

Third Quarter 2021 Summary Net income of $90.1 million, or $0.95 per diluted share Total revenue increased to $199.2 million, compared with $187.7 million in the prior quarter Return on average assets of 1.73%, return on average equity of 12.67%, and return on average tangible common equity of 19.89%(1) Pre-provision net revenue ("PPNR") on average assets of 1.98%, annualized, and efficiency ratio of 47.5%(1) Loan and deposit growth of 11.5% and 10.7%, annualized, respectively Net interest margin of 3.51%, compared with 3.44% in the prior quarter Cost of deposits of 0.06% in the third quarter compared with 0.08% in the prior quarter Tangible book value per diluted share incr

Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) ("Pacific Premier"), the holding company of Pacific Premier Bank, announced today that it will issue its third quarter 2021 financial results before the market opens on Thursday, October 21, 2021. Pacific Premier will also host a conference call at 9:00 a.m. PT / 12:00 p.m. ET that day to discuss its financial results. Analysts and investors may participate in the question-and-answer session. The conference call will be webcast live on the Webcasts page of Pacific Premier's investor relations website, and an archived version of the webcast will be available in the same location shortly after the call has ended. Conference Call, Webcast, and Repl

Second Quarter 2021 Summary Net income of $96.3 million, or $1.01 per diluted share Return on average assets of 1.90%, return on average equity of 14.02%, and return on average tangible common equity of 22.45%(1) Tangible book value increases to $19.38, compared with $18.19 at March 31, 2021(1) Net interest margin of 3.44% and core net interest margin of 3.22%(1) Cost of deposits of 0.08% in the second quarter compared with 0.11% in the prior quarter Non-maturity deposits of $15.8 billion, or 92.6% of total deposits Noninterest-bearing deposits represent 39.8% of total deposits Nonperforming assets represent 0.17% of total assets Pacific Premier Bancorp, Inc. (NASDAQ:PPBI