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 ...

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 March 31, 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 (State or other jurisdiction of inc ...

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 ...

Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) Q3 2020 Earnings Conference Call October 27, 2020 12:00 PM ET Company Participants Steve Gardner - Chairman and Chief Executive Officer Ronald Nicolas - Chief Financial Officer Conference Call Participants David Feaster - Raymond James Matthew Clark - Piper Sandler Gary Tenner - D.A. Davidson Jackie Bohlen - KBW Tim Coffey - Janney Andrew Terrell - Stephens David Feaster - Raymond James Operator Good day and welcome to the Pacific Premier Bancorp Third Quarter 202 ...

Financial Performance - Pacific Premier Bancorp reported net income of $666 million, or $070 per diluted share for Q3 2020[7] - The company sold $12 billion of loans, including PPP loans, resulting in a pre-tax gain of $95 million[7] - Pre-provision net revenue (PPNR) reached $977 million, with a PPNR ROAA of 192%[7] - The efficiency ratio was 474%[7] Balance Sheet and Asset Quality - Deposits totaled $163 billion, a decrease of 38% from the prior quarter, with non-maturity deposits accounting for 89% and noninterest-bearing checking for 36% of total deposits[8] - The loan portfolio stood at $135 billion, a decrease of 36% from the prior quarter excluding PPP loans[8] - Nonperforming assets were 014% of total assets, a decrease from 017% in Q2 2020[8] - Allowance for credit losses was $2825 million, or 210% of loans[8] Capital and Dividends - Tangible common equity to tangible assets was 90%, and the total risk-based capital ratio was 160%[8] - A quarterly dividend of $028 per share was declared[8] Strategic Initiatives - Assets under custody within the company's leading custodian division reached over $15 billion, up approximately 58% year to date[23] - The custodian division contributes approximately $28 million of noninterest income annually[23]

Investor Presentation Second Quarter 2020 July 27, 2020 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 ...