Pacific Premier Bancorp : April 23, 2025 Investor Presentation

Published: 2025-04-23 16:40:31 ET PPBI

Investor Presentation

First Quarter 2025

April 23, 2025

Steve Gardner

Chairman, Chief Executive Officer,

Ronald J. Nicolas, Jr.

Sr. EVP & Chief Financial Officer [email protected] 949-864-8000

PRESENTATION CONTENTS

Corporate Overview

First Quarter Performance Highlights

Balance Sheet Highlights

Asset Quality & Credit Risk Management

Loan Metrics

Strategy and Technology

Culture and Governance

Appendix:

Non-GAAP Reconciliation

PPBI Corporate Overview

PACIFIC PREMIER BANCORP, INC.

Premier commercial bank in key metropolitan areas throughout the Western U.S.

Corporate Overview & Market Data

Branch Network

58 Full Service Branch Locations

Market Capitalization(1)

$1.9 Billion

Dividend Yield(1)

6.70%

P/TBV(1)

0.94x

1Q25 Financial Highlights

Balance Sheet and Capital Ratios(2)

Profitability and Credit Quality(2)

Assets

$18.1 billion

ROAA

0.80%

Loans HFI(4)

$12.0 billion

ROATCE(3)

7.48%

TCE / TA(3)

11.87%

Efficiency Ratio(3)

67.5%

Tier 1 Capital Ratio

16.99%

NPA / Assets

0.15%

Total Capital Ratio

20.23%

ACL / Loans

1.46%

Pacific Premier Footprint

Pacific

Northwest

Seattle MSA (7)

Other Washington (1)

Portland MSA (2)

Nevada

Las Vegas (1)

Central Coast

California

San Luis Obispo (7)

Santa Barbara (2)

Southern

California

Los Angeles-Orange (21)

San Diego (5)

Riverside-San Bernardino (9)

Arizona

Phoenix (1)

Tucson (2)

First Quarter

Performance

Highlights

Q1 2025 RESULTS

Operating Results

• Total deposits of $14.7 billion, cost of deposits decreased 14 bps to 1.65%; spot cost of deposits of 1.61%.

Deposits

• Non-maturity deposits increased $247 million to $12.6 billion, or 85.9% of total deposits

• Average cost of non-maturity deposits of 1.20%(1); spot cost of non-maturity deposits of 1.19%

• Noninterest-bearing deposits increased to 32.9% of total deposits

• Loan portfolio decreased $17 million to $12.0 billion(3)

Loans

• 1Q 2025 loan yields of 5.03%

• Loan / deposit ratio of 82.0%

• Quarterly new loan originations of $319 million

Asset Quality

Capital & Liquidity

PPBI Balance Sheet Highlights

ACCUMULATING CAPITAL

Consolidated PPBI Capital Ratios

2025

2024

2023

Consolidated PPBI

Tangible Common

11.87%

10.97%

9.20%

Equity Ratio(1)

20.23%

Leverage Ratio

12.30%

11.48%

10.41%

18.23%

16.99%

Common Equity

16.99%

15.02%

13.54%

16.33%

Tier 1 Ratio (CET1)

15.02%

Tier 1 Ratio

16.99%

15.02%

13.54%

12.30%

Total Capital Ratio

20.23%

18.23%

16.33%

11.48%

10.41%

Pacific Premier Bank, N.A.

Leverage Ratio

13.62%

12.97%

11.93%

Common Equity Tier 1 Ratio

18.81%

16.96%

15.52%

(CET1)

Tier 1 Ratio

18.81%

16.96%

15.52%

Total Capital Ratio

20.07%

18.21%

16.55%

Tier 1 Leverage Ratio

CET1 Ratio

Tier 1 Ratio

TRBC Ratio

1Q23

1Q24

1Q25

1. Non-U.S. GAAP measure, refer to the Non-GAAP reconciliation in the appendix for more information

HIGH QUALITY DEPOSIT FRANCHISE

Total Deposits of $14.7 billion as of March 31, 2025

%of

Avg. Cost of

Spot Cost of

Balance(1)

Total

Deposits(2)

Deposits

(dollars in thousands)

Noninterest-bearing demand

4,827,093

33%

0.00%

Interest-bearing demand

2,859,411

19%

1.50%

1.48%

Money market / savings

4,914,248

34%

2.17%

2.20%

Total non-maturity deposits

12,600,752

86%

1.20%

1.19%

Retail certificates of deposit

1,765,235

12%

4.22%

4.00%

Wholesale/brokered certificates of deposit

300,245

5.11%

Total maturity deposits

2,065,480

14%

4.35%

4.16%

Total deposits

14,666,232

100%

1.65%

1.61%

Quarterly Average Cost of Total Deposits Trend Relative to Average Fed Funds Rate

Federal Funds Rate

Cost of Total Deposits

4.99

5.26

5.33

5.27

4.52

4.66

4.33

3.66

2.19

1.71

1.84

1.79

1.65

0.94

1.27

1.50

1.56

1.59

0.77

0.58

0.22

0.12

0.06

0.04

1Q22 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25

Relationship-based core deposits

Deposits Detail as of March 31, 2025

Average Length of Commercial and Consumer Banking

Relationship(4) = 13.5 years

Interest-bearing

Non-maturity deposits, 53%

Cost of non-

maturity deposits:

1.20%

Retail CDs,

12%

Noninterest-bearing

Deposits, 33%Brokered

Deposits, 2%

Disclaimer

Pacific Premier Bancorp Inc. published this content on April 23, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on April 23, 2025 at 20:39 UTC.