UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______ to _______ Commission File Number 0-22193 (Exact name of registrant as specified in its charter) Delaware 33-0743196 (I.R.S Employer Identification ...

Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) Q3 2021 Earnings Conference Call October 21, 2021 12:00 PM ET Company Participants Ronald Nicolas - Senior EVP & CFO Steve Gardner - Chairman, President & CEO Conference Call Participants David Feaster - Raymond James Matthew Clark - Piper Sandler Gary Tenner - D.A. Davidson Andrew Terrell - Stephens Operator Good day, and welcome to the Pacific Premier Bancorp’s Third Quarter 2021 Earnings Conference Call. [Operator Instructions] I would now like to turn the conf ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______ to _______ Commission File Number 0-22193 (Exact name of registrant as specified in its charter) Delaware 33-0743196 (I.R.S Employer Identification No.) ...

Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) Q2 2021 Earnings Conference Call July 27, 2021 12:00 PM ET Company Participants Ronald Nicolas - Senior EVP & CFO Steven Gardner - Chairman, President & CEO Conference Call Participants Gary Tenner - D.A. Davidson & Co. Matthew Clark - Piper Sandler & Co. Jackie Bohlen - KBW Robert Terrell - Stephens Inc. Operator Good day, and welcome to the Pacific Premier Bancorp's Second Quarter 2021 Conference Call. [Operator Instructions]. I would now like to turn the confer ...

Investor Presentation Second Quarter 2021 July 27, 2021 Steve Gardner Chairman, President & Chief Executive Officer sgardner@ppbi.com 949-864-8000 Ronald J. Nicolas, Jr. Sr. EVP & Chief Financial Officer rnicolas@ppbi.com 949-864-8000 PACIFIC PREMIER BANCORP, INC. FORWARD LOOKING STATEMENTS AND WHERE TO FIND MORE INFORMATION Forward Looking Statements This investor presentation contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 regarding the fina ...

Financial Performance - Net income for the three months ended March 31, 2021, was $68.7 million, with a return on average tangible common equity of 16.21%[324]. - For Q1 2021, the company reported net income of $68.7 million, or $0.72 per diluted share, compared to $67.1 million, or $0.71 per diluted share in Q4 2020, reflecting a $1.6 million increase in net income[335]. - The company experienced a year-over-year increase in net income of $42.9 million, driven by a $52.5 million increase in net interest income and a $23.5 million decrease in the provision for credit losses compared to Q1 2020[336]. - The efficiency ratio for the three months ended March 31, 2021, was 48.6%, compared to 48.5% for the previous quarter[329]. - Core net interest income for the three months ended March 31, 2021, was $150.6 million, with a core net interest margin of 3.30%[331]. - Noninterest income for Q1 2021 was $23.7 million, an increase of $546,000 from Q4 2020, primarily due to $2.3 million of SBA PPP referral fees[349]. - Noninterest expense decreased by $7.5 million in Q1 2021, driven by a reduction in merger-related costs[335]. - Total noninterest expense for Q1 2021 was $92.5 million, a decrease of $7.5 million from Q4 2020, mainly due to a $5.1 million reduction in merger-related expenses[354]. Loan Portfolio and Credit Quality - The company sold its entire SBA PPP loan portfolio with an aggregate amortized cost of $1.13 billion, resulting in a gain on sale of approximately $18.9 million[292]. - Loans held for investment totaled $13.12 billion at March 31, 2021, a decrease of $119.0 million, or 0.9%, from December 31, 2020[365]. - The allowance for credit losses for loans held for investment was $266,999 thousand as of March 31, 2021[368]. - The provision for credit losses for the three months ended March 31, 2021, was $315,000, reflecting continued unfavorable but improving economic conditions[395]. - The Company expects increases in past due, nonaccrual, and classified loans due to rising unemployment and declining consumer confidence, which may strain credit quality[300]. - Delinquent loans as a percentage of loans held for investment increased to 0.17% at March 31, 2021, compared to 0.10% at December 31, 2020[369]. - The total amount of unrecognized tax benefits was $255,000 as of March 31, 2021, with $184,000 potentially impacting the effective tax rate if recognized[359]. Economic and Regulatory Environment - The ongoing COVID-19 pandemic continues to adversely affect the company, with uncertainty regarding its future financial performance and operational results[276]. - The Company is subject to regulation and supervision by the Federal Reserve and the California Department of Financial Protection and Innovation[283]. - The Company adopted the CECL model on January 1, 2020, which requires estimating expected lifetime credit losses for loans, potentially leading to additional provisions for credit losses if economic conditions deteriorate[307]. - The Company utilized three probability-weighted economic scenarios in its ACL model, with the base-case scenario weighted at 40% and both upside and downside scenarios at 30% each[384]. - The Company forecasts economic conditions over a two-year period, with key variables including GDP growth, unemployment rates, and CRE price index changes[386]. Acquisition and Integration - The Company completed the acquisition of Opus Bank on June 1, 2020, acquiring total assets of $8.32 billion, gross loans of $5.94 billion, and total deposits of $6.91 billion[301]. - Following the acquisition, the Company recorded net assets of $657.7 million, including $5.81 billion in loans and $6.92 billion in deposits[304][305]. - The integration of Opus's client accounts and system was completed in October 2020, consolidating 20 branch offices into nearby locations[305]. Capital and Liquidity - Total stockholders' equity as of March 31, 2021, was $2,703.1 million, with tangible common equity at $1,721.5 million[327]. - The liquidity ratio was 31.2% as of March 31, 2021, exceeding the minimum policy requirement of 10.0%[416]. - The Company is in compliance with the capital conservation buffer requirement, exceeding the minimum ratios for well-capitalized status[430]. - The Bank's Tier 1 leverage ratio was 11.13% as of March 31, 2021, exceeding the minimum requirement of 4.00%[433]. - The common equity tier 1 capital ratio was 13.90%, well above the minimum requirement of 7.00%[433]. Interest Rate Risk Management - The Bank actively manages interest rate risk primarily arising from the mismatch in repricing of interest-bearing liabilities and interest-earning assets[434]. - Interest rate spread compression may adversely impact net interest income due to lag in repricing of adjustable rate loans and deposits[436]. - The Bank's strategies include raising non-maturity deposits and structuring its security portfolio to offset interest rate sensitivity[435]. - Management regularly evaluates asset and liability maturities and repricing characteristics to assess interest rate risk[436].

Financial Data and Key Metrics Changes - The company reported a net income of $68.7 million, or $0.72 per share, with a return on average assets of 1.37% and a return on average tangible common equity of 16.21% [4] - Total revenue for the quarter was $185.4 million, down from $191.4 million in the prior quarter, primarily due to lower interest income [10] - The net interest margin remained stable at 3.55%, a decrease of six basis points from the prior quarter [10] Business Line Data and Key Metrics Changes - Noninterest bearing deposits increased by $292 million, or 20% annualized, contributing to a reduction in deposit costs to 11 basis points [5] - The company achieved a record quarter with over $1.1 billion in new loan commitments, up from $911 million in the previous quarter [6] - Noninterest income was $23.7 million, including $2.3 million in PPP referral fee income [11] Market Data and Key Metrics Changes - The company experienced a growth in total deposits by over $500 million, or 12% on an annualized basis [15] - Non-maturity deposits grew by nearly $800 million, an increase of 5% on a linked quarter basis [15] - The allowance for credit losses finished the quarter at 2.04%, with total nonperforming assets at 19 basis points of total assets [13][14] Company Strategy and Development Direction - The company plans to complete the system conversion of Pacific Premier Trust and deploy a customized salesforce platform to enhance business development and client relationship management [5] - There is a focus on pursuing acquisitions and merger partners throughout the western US to add meaningful earnings accretion and scale [19] - The company aims to improve its capabilities by selectively adding and upgrading talent within its teams [9] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the growing loan pipeline, which now exceeds $2 billion, and anticipates loan growth will accelerate as the economy strengthens [18] - The company expects an increase in credit line utilization rates as business investment expands [18] - Management noted that the current environment allows for talent upgrades, positively impacting the ability to win new business [9] Other Important Information - The company initiated a stock repurchase program, buying back approximately 200,000 shares [19] - A dividend increase of 10% to $0.33 per share was announced, reflecting consistent financial performance [19] Q&A Session Summary Question: Loan pipeline strength and cash balances - Management indicated that the decision to allow cash balances to grow is partly due to anticipated liquidity needs for future growth [21] Question: Multifamily allowance for credit losses - The increase in the multifamily allowance for credit losses was driven by model dynamics and national forecasts, not by deterioration in the portfolio [22][24] Question: Pricing competition in the market - Management has not observed any material change in pricing in the marketplace [25] Question: NIM outlook and asset remixing - The expected net interest margin of 3.25% is for the current quarter, with expectations for improvement as loan growth accelerates [27][28] Question: Loan prepayments and payoffs - Prepayments were down slightly but remained high historically, with line utilization impacting loan growth [30] Question: Drivers of loan originations - Loan originations are driven by a combination of improved economic outlook, larger client scale, and effective integration with the Opus team [36][38] Question: Technology investments - The company continues to focus on improving proprietary systems and leveraging technology to drive efficiencies [42][43] Question: Increase in full-time employees (FTE) - The increase in FTE was primarily due to adding talent, particularly producers, to support growth [47][51]

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, 2020 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, ...

Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) Q4 2020 Earnings Conference Call January 26, 2021 12:00 PM ET Company Participants Steve Gardner - Chairman, President and CEO Ronald Nicolas - CFO Conference Call Participants Gary Tenner - D.A. Davidson Matthew Clark - Piper Sandler Jackie Bohlen - KBW Andrew Terrell - Stephens David Feaster - Raymond James Tim Coffey - Janney Operator Good day and welcome to the Pacific Premier Bancorp Fourth Quarter 2020 Conference Call. All participants will be in listen-only ...

Investor Presentation Fourth Quarter 2020 January 26, 2021 Steve Gardner Chairman, President & Chief Executive Officer sgardner@ppbi.com 949-864-8000 Ronald J. Nicolas, Jr. Sr. EVP & Chief Financial Officer rnicolas@ppbi.com 949-864-8000 PACIFIC PREMIER BANCORP, INC. FORWARD LOOKING STATEMENTS AND WHERE TO FIND MORE INFORMATION Forward Looking Statements This investor presentation contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 regarding the f ...