Pacific Premier Company profile
About Pacific Premier Bancorp, Inc.
Pacific Premier Bancorp, Inc. is a bank holding company. The Company's subsidiary, Pacific Premier Bank (the Bank), is a California state-chartered commercial bank. The Bank's lending business is focused on meeting the financial needs of small- and medium-sized businesses and corporations. The Bank's loan portfolio includes commercial and industrial (C&I) and franchise lending, commercial owner-occupied business lending, commercial non-owner-occupied real estate lending, multifamily residential lending, construction lending, one-to-four family real estate lending, and consumer loans. The Bank also offers an array of deposit products and services, including checking, money market, and savings accounts, electronic banking services, treasury management services, and online bill payment. The Bank operates approximately 63 branches in metropolitan markets in California, Washington, Oregon, Arizona, and Nevada.
Financial summary
BRIEF: For the fiscal year ended 31 December 2021, Pacific Premier Bancorp, Inc. interest income increased 10% to $696.7M. Net interest income after loan loss provision increased 92% to $733.3M. Net income applicable to common stockholders increased from $59.6M to $336.4M. Net interest income after loan loss provision reflects Interest income Loans increase of 8% to $622M, Investment securities and other interest increase of 41% to $74.7M.
Equity composition
Common $.01 Par, 09/11, 15M auth., 10,084,626 issd. Insiders own 3.61%. IPO 6/97, 2.9M shs @ $11 by Keefe,Bruyette & Woods. PO 10/03, 3,410,000 shs @ $6.75 by Friedman, Billings, Ramsey. 3/98, Firstplus Financial to acquire Life Financial. 6/01, 1-for-5 reverse split. *NOTE: 8/02, Name changed from Life Financial Corp.
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