Pacific Premier Bancorp Credit Ratings Affirmed and Outlook Revised by KBRA

Pacific Premier Bancorp (NASDAQ: PPBI) received positive news as Kroll Bond Rating Agency (KBRA) affirmed the company’s credit ratings and revised the outlook to Positive from Stable. KBRA affirmed Pacific Premier Bancorp’s senior unsecured debt rating at BBB+, subordinated debt at BBB, and short-term debt at K2. Additionally, Pacific Premier Bank’s deposit and senior unsecured debt ratings were affirmed at A-, subordinated debt at BBB+, and short-term deposit and debt at K2.

KBRA highlighted Pacific Premier’s strong, low-cost deposit base, robust capital levels, and effective balance sheet management in their report. The company’s operating ROA has been stable at around 1% in recent quarters, aligning with industry peers.

This positive development reflects well on Pacific Premier Bancorp’s financial health and market position. Investors may be encouraged by the lower credit risk implied by the affirmed ratings and positive outlook. The company’s proactive balance sheet management and strong deposit franchise were noted as key strengths by KBRA.

Pacific Premier Bancorp’s Chairman, CEO, and President, Steve Gardner, expressed confidence in the company’s durable business model and readiness to meet clients’ needs. The affirmation of ratings and positive outlook signal a promising future for the company amidst economic uncertainties.

Investors and stakeholders should consider the implications of these ratings on Pacific Premier Bancorp’s market perception and potential for growth. The company’s consistent performance and strong financial position make it a compelling choice for investors looking for stability and long-term profitability.