Pacific Premier Bancorp Inc

Latest Results (09.10.2025):

Pacific Premier Bancorp Inc reported its second quarter of 2025 financial results, showcasing a net income of $32.1 million or $0.33 per diluted share. Despite a decrease in net income compared to the previous quarter and the same quarter last year, the company demonstrated strength in its deposit base, asset quality, and capital ratios, positioning itself favorably ahead of its pending merger with Columbia Banking System, Inc.

Net Income and Earnings Per Share

For Q2 2025, Pacific Premier Bancorp Inc achieved a net income of $32.1 million, translating to $0.33 per diluted share. This represents a decline from $36.0 million ($0.37 per share) in Q1 2025 and $41.9 million ($0.43 per share) in Q2 2024, partly due to non-recurring items impacting earnings.

Enhanced Net Interest Margin

The company's net interest margin expanded by six basis points to 3.12%, driven by a five basis point reduction in average deposit costs to 1.60%. This improvement highlights Pacific Premier Bancorp Inc's ability to leverage its high-quality, low-cost deposit base effectively.

Strong Asset Quality

Asset quality remained robust in the second quarter, with nonperforming loans decreasing to $26.3 million and total delinquency rates at just 0.02% of loans held for investment. Additionally, nonperforming assets accounted for only 0.15% of total assets, supported by net loan recoveries of $349,000.

Solid Capital Position

Pacific Premier Bancorp Inc maintained a strong capital position with a Common Equity Tier 1 capital ratio of 17.00% and a total risk-based capital ratio of 18.85%. The tangible book value per share increased to $21.10, underscoring the company's solid financial foundation.

Strategic Debt Management

The company proactively redeemed $150 million in subordinated notes due 2030 during the second quarter, with plans to eliminate all remaining wholesale funding ahead of the upcoming merger with Columbia Banking System, Inc. This strategic move enhances Pacific Premier Bancorp Inc's liquidity and reduces funding costs.