Merger and Acquisition - The Company has entered into a Merger Agreement with Columbia Banking System, Inc., which includes a two-step merger process [184]. - Upon the effective time of the merger, each share of the Company's common stock will be converted into the right to receive 0.9150 of a share of common stock of Columbia [185]. - The Company is subject to various risks including economic conditions, regulatory changes, and potential impacts from the ongoing merger with Columbia [174]. Financial Performance - Net income for the three months ended March 31, 2025, was $36,021,000, an increase of 6.3% from $33,893,000 in the previous quarter [189]. - Adjusted net income for average tangible common equity was $37,882,000 for the three months ended March 31, 2025, compared to $35,830,000 in the previous quarter, reflecting a growth of 5.7% [191]. - Return on average tangible common equity (ROATCE) for the three months ended March 31, 2025, was 7.49%, up from 7.14% in the previous quarter [191]. - The Company’s results for the three months ended March 31, 2025, may not be indicative of the results expected for the year ending December 31, 2025 [178]. Revenue and Income Sources - The Company primarily generates revenue from interest income on loans and investments in securities, alongside noninterest income from various financial products and services [183]. - Interest income for the three months ended March 31, 2025, was $187,335,000, down from $195,457,000 in the previous quarter [196]. - Noninterest income for Q1 2025 was $21.5 million, an increase of $1.5 million from Q4 2024, primarily due to a $1.6 million increase in trust custodial account fees [220]. Expenses and Efficiency - Total noninterest expense for the three months ended March 31, 2025, was $100,292,000, a slight decrease from $100,686,000 in the previous quarter [195]. - Efficiency ratio for the three months ended March 31, 2025, was 67.5%, consistent with 67.8% in the previous quarter [195]. - Noninterest expense totaled $100.3 million for Q1 2025, a decrease of $394,000 from Q4 2024, primarily due to a $4.2 million decrease in legal and professional services [222]. Asset and Deposit Management - Total average deposits for the three months ended March 31, 2025, were $14,635,422,000, compared to $14,708,306,000 in the previous quarter [198]. - Total deposits increased by $202.5 million, or 1.4%, to $14.67 billion from $14.46 billion at December 31, 2024 [289]. - Non-maturity deposits totaled $12.60 billion, representing 85.9% of total deposits, an increase of $247.0 million, or 2.0%, from December 31, 2024 [290]. Loan Portfolio and Credit Quality - Loans held for investment totaled $12.02 billion at March 31, 2025, a decrease of $16.8 million, or 0.1%, from $12.04 billion at December 31, 2024 [247]. - Delinquent loans as a percentage of total loans held for investment remained at 0.02% as of March 31, 2025, unchanged from December 31, 2024 [262]. - The allowance for credit losses (ACL) was $174,967,000, down from $178,186,000 at the end of 2024, indicating a decrease of about 1.2% [285]. Capital and Liquidity - The Company is in compliance with the capital conservation buffer requirement, exceeding the minimum capital ratios as of March 31, 2025 [317]. - The liquidity ratio was 17.2% as of March 31, 2025, exceeding the company's minimum policy requirement of 10.0% [304]. - Cash and cash equivalents totaled $768.2 million as of March 31, 2025, contributing to a total readily available liquidity of approximately $10.11 billion [303]. Interest Rate Risk Management - The Company has a slightly asset-sensitive profile, indicating that earnings at risk are expected to increase as interest rates rise [327]. - The Bank actively manages interest rate risk through monitoring asset and liability maturities and implementing strategies to limit adverse effects on net interest income [322]. - Interest rate risk management policies are established by the Board of Directors, with regular reviews of the Bank's asset/liability position [324].

Shares of Pacific Premier Bancorp (PPBI) have gained 5.3% over the past four weeks to close the last trading session at $20.79, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $26.08 indicates a potential upside of 25.4%.The mean estimate comprises six short-term price targets with a standard deviation of $3.38. While the lowest estimate of $22 indicates a 5.8% increase from the ...

Pacific Premier Bancorp (PPBI) reported $144.83 million in revenue for the quarter ended March 2025, representing a year-over-year decline of 15.3%. EPS of $0.37 for the same period compares to $0.49 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $142.23 million, representing a surprise of +1.83%. The company delivered an EPS surprise of +23.33%, with the consensus EPS estimate being $0.30.While investors closely watch year-over-year changes in headline numbers -- revenue and ea ...

Pacific Premier Bancorp (PPBI) Q1 2025 Earnings Call April 23, 2025 06:00 PM ET Company Participants Clint Stein - President and CEORonald Farnsworth - EVP & CFOChristopher Mcgratty - MD & Head of U.S. Bank ResearchDavid Feaster - Director - BankingTorran Nixon - President - Commercial Banking of Umpqua BankChristopher Merrywell - President - Consumer Banking of Umpqua BankFrank Namdar - Chief Credit OfficerTimur Braziler - Director - Mid-Cap Bank Equity ResearchSteven Gardner - Chairman, President & CEOJon ...

Core Viewpoint - Pacific Premier Bancorp (PPBI) reported quarterly earnings of $0.37 per share, exceeding the Zacks Consensus Estimate of $0.30 per share, but down from $0.49 per share a year ago, indicating a 23.33% earnings surprise [1] Financial Performance - The company posted revenues of $144.83 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 1.83%, but down from $170.9 million year-over-year [2] - Over the last four quarters, Pacific Premier Bancorp has exceeded consensus EPS estimates two times and topped consensus revenue estimates twice [2] Stock Performance - Shares of Pacific Premier Bancorp have declined approximately 20.9% since the beginning of the year, compared to a decline of 10.1% for the S&P 500 [3] - The current consensus EPS estimate for the upcoming quarter is $0.32 on revenues of $145.03 million, and for the current fiscal year, it is $1.30 on revenues of $588.23 million [7] Industry Outlook - The Financial - Savings and Loan industry, to which Pacific Premier Bancorp belongs, is currently ranked in the top 32% of over 250 Zacks industries, suggesting a favorable outlook compared to the bottom 50% [8]

Exhibit 99.1 Pacific Premier Bancorp, Inc. Announces First Quarter 2025 Financial Results and a Quarterly Cash Dividend of $0.33 Per Share First Quarter 2025 Summary Irvine, Calif., April 23, 2025 -- Pacific Premier Bancorp, Inc. (NASDAQ: PPBI) (the "Company" or "Pacific Premier"), the holding company of Pacific Premier Bank (the "Bank"), reported net income of $36.0 million, or $0.37 per diluted share, for the first quarter of 2025, compared with net income of $33.9 million, or $0.35 per diluted share, for ...

Natural Combination of the Western Region's Leading Business Banks Builds Market Presence and Drives Financial PerformanceTACOMA, 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 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-K ANNUAL REPORT PURSUANT TO SECTION 13 OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 Commission File No.: 0-22193 (Exact name of registrant as specified in its charter) Delaware 33-0743196 (State of Incorporation) (I.R.S. Employer Identification No) 17901 Von Karman Avenue, Suite 1200, Irvine, California 92614 (Address of Principal Executive Offices and Zip Code) Registrant's telephone number, ...

Investor Presentation Non-U.S. GAAP Financial Measures This presentation contains non-U.S. GAAP financial measures. For purposes of Regulation G promulgated by the SEC, a non-U.S. GAAP financial measure is a numerical measure of the registrant's historical or future financial performance, financial position or cash flows that excludes amounts or is subject to adjustments that have the effect of excluding amounts that are included in the most directly comparable measure calculated and presented in accordance ...

Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) Q4 2024 Earnings Conference Call January 23, 2025 12:00 PM ET Company Participants Steve Gardner - Chairman & Chief Executive Officer Ron Nicolas - Chief Financial Officer Conference Call Participants Matthew Clark - Piper Sandler Gary Tenner - D.A. Davidson Chris McGratty - KBW Andrew Terrell – Stephens David Feaster - Raymond James Operator Good day, and welcome to the Pacific Premier Bancorp Fourth Quarter 2024 Earnings Conference Call. [Operator Instructions] ...