Attached files
| file | filename |
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| 8-K - PPBI 8K 2011 SANDLER O'NEILL PRESENTATION - PACIFIC PREMIER BANCORP INC | ppbi_8k-somarchpresentation.htm |
www.ppbi.com
Sandler O’Neill West Coast
Sandler O’Neill West Coast
Financial Services Conference
Financial Services Conference
March 8, 2011
March 8, 2011
Steven R. Gardner
Steven R. Gardner
President & CEO
President & CEO
www.ppbi.com
This presentation contains forward-looking statements regarding events or future financial performance
of the Company, including statements with respect to our objectives and strategies, and the results of
our operations and our business. These statements are based on management's current expectations and
beliefs concerning future developments and their potential effects on the Company. There can be no
assurance that future developments affecting the Company will be the same as those anticipated by
management. Actual results may differ from those projected in the forward-looking statements. We
caution readers of this presentation not to place undue reliance on these forward-looking statements as
a number of risks could cause future results to differ materially from these statements. These risks
include, but are not limited to, the following: changes in the performance of the financial markets;
changes in the demand for and market acceptance of the Company's products and services; changes in
general economic conditions including interest rates, presence of competitors with greater financial
resources, and the impact of competitive projects and pricing; the effect of the Company's policies; the
continued availability of adequate funding sources; and various legal, regulatory and litigation risks; as
well as those additional risks identified in risks factors discussed in the reports filed by the Company
with the SEC, which are available on its website at www.sec.gov. The Company does not undertake
any obligation to update any forward-looking statements for any reason, even if new information
becomes available or other events occur in the future.
of the Company, including statements with respect to our objectives and strategies, and the results of
our operations and our business. These statements are based on management's current expectations and
beliefs concerning future developments and their potential effects on the Company. There can be no
assurance that future developments affecting the Company will be the same as those anticipated by
management. Actual results may differ from those projected in the forward-looking statements. We
caution readers of this presentation not to place undue reliance on these forward-looking statements as
a number of risks could cause future results to differ materially from these statements. These risks
include, but are not limited to, the following: changes in the performance of the financial markets;
changes in the demand for and market acceptance of the Company's products and services; changes in
general economic conditions including interest rates, presence of competitors with greater financial
resources, and the impact of competitive projects and pricing; the effect of the Company's policies; the
continued availability of adequate funding sources; and various legal, regulatory and litigation risks; as
well as those additional risks identified in risks factors discussed in the reports filed by the Company
with the SEC, which are available on its website at www.sec.gov. The Company does not undertake
any obligation to update any forward-looking statements for any reason, even if new information
becomes available or other events occur in the future.
www.ppbi.com
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Headquarters:
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Costa Mesa, California
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Regional
Focus: |
Southern California
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Business
Focus: |
Small and middle market
businesses |
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Total Assets:
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$1.037 billion *
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Net Loans:
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$704.2 million *
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Total
Deposits: |
$863.9 million *
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Branches:
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9 locations *
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* Pro forma with Canyon National Bank acquisition on 2/11/11. Using management’s unaudited preliminary fair market value
calculations.
calculations.
www.ppbi.com
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(dollars in thousands, except per share data)
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|||
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Balance Sheets
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Pro Forma *
YTD 12/31/10
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YTD
12/31/10
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YTD
12/31/09
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YTD
12/31/08
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Total assets
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$ 1,037,296
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$ 826,816
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$ 807,323
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$ 739,956
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Net loans
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704,221
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555,538
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566,584
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622,470
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Total deposits
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863,927
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659,240
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618,734
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457,128
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Total borrowings
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78,810
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78,810
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101,810
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220,210
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Statements of Operations
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Net interest income
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$ 28,437
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$ 23,185
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$ 21,118
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Provision for loan losses
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2,092
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7,735
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2,241
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Net income (loss)
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4,238
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(460)
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708
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Net income (loss) per share (diluted)
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$ 0.38
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$ (0.08)
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$ 0.11
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Bank Capital Ratios
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Tier 1 leverage
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10.29%
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9.72%
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8.71%
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Tier 1 risk based
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14.03
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13.30
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10.71
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Total risk based
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15.28
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14.55
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11.68
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* Pro forma with Canyon National Bank acquisition on 2/11/11. Using management’s unaudited preliminary fair market value
calculations.
calculations.
www.ppbi.com
At December 31, 2010 *
(in millions)
Canyon National Bank
* Pro forma with Canyon National Bank acquisition on 2/11/11. Using management’s unaudited preliminary fair market value
calculations.
calculations.
www.ppbi.com
At December 31, 2010 *
(in millions)
* Pro forma with Canyon National Bank acquisition on 2/11/11. Using management’s unaudited preliminary fair market value
calculations.
calculations.
www.ppbi.com
At December 31, 2010 *
(in millions)
Pacific Premier Bancorp, Inc.
Canyon National Bank
* Pro forma with Canyon National Bank acquisition on 2/11/11. Using management’s unaudited preliminary fair market value
calculations.
calculations.
www.ppbi.com
At December 31, 2010 *
* Pro forma with Canyon National Bank acquisition on 2/11/11. Using management’s unaudited preliminary fair market value
calculations.
calculations.
www.ppbi.com
Delinquency to Total Loans
California peer group consists of all insured California institutions in the FFIEC database
www.ppbi.com
• Bank transition gaining momentum
• Core deposit growth - small/middle market
businesses
businesses
• Conservative credit structure
• Expansion opportunities
Develop the Bank into one of Southern California’s
top performing commercial banks
top performing commercial banks