By Business Wirevia The Motley Fool
Filed under: Investing
Pacific Premier Bancorp Named Top Performing Publicly Traded Community Bank in the United States by SNL Financial
IRVINE, Calif.–(BUSINESS WIRE)– Pacific Premier Bancorp, Inc. (NAS: PPBI) (the “Company” or “Pacific Premier“), the holding company of Pacific Premier Bank (the “Bank”), was named by SNL Financial as the number one performing publicly traded bank with assets between $500 million and $5.0 billion for 2012. In addition, the Bank was ranked as the second best performing community bank in the United States in SNL Financial’s 2012 annual ranking of the top 100 best performing banks. SNL Financial is a leading provider of news, data and analysis in the banking sector.
SNL Financial evaluated the 2012 financial performance of 765 community banks across the United States with total assets between $500 million and $5 billion. SNL Financial ranked the best performing community banks using six core financial performance metrics that focus on profitability, asset quality and growth for the 12-month period ended December 31, 2012.
“We are very pleased to be recognized by SNL Financial as a standout among community banks across the United States and the highest rated publicly traded community bank in the 2012 rankings,” said Steven R. Gardner, President and Chief Executive Officer of Pacific Premier. “The ranking is a testament to the strong and efficient business model we have built, the attractive markets that we serve, and the passion and commitment of our entire organization to provide customers with a superior banking experience. We believe that we have the right formula for growing our franchise and we are excited about entering new markets and introducing new business lines in 2013. As we steadily increase our presence throughout Southern California, we believe that Pacific Premier Bank will continue to rank among the elite community banks in the nation.”
About Pacific Premier Bancorp, Inc.
The Company owns all of the capital stock of the Bank. The Bank provides business and consumer banking products to its customers through our ten full-service depository branches in Southern California located in the cities of Huntington Beach, Irvine, Los Alamitos, Newport Beach, Palm Desert, Palm Springs, San Bernardino and Seal Beach and one office in Dallas, Texas. For additional information about the Company, visit the Company’s website at www.ppbi.com.
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Source: FULL ARTICLE at DailyFinance