8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported)		August 21, 2013
PACIFIC PREMIER BANCORP, INC.
(Exact name of registrant as specified in its charter)
DELAWARE	0-22193			33-0743196
(State or other jurisdiction of incorporation)	(Commission File Number)			(I.R.S. Employer Identification No.)
17901 Von Karman Avenue, Suite 1200, Irvine, CA				92614
(Address of principal executive offices)				(Zip Code)
Registrant’s telephone number, including area code			(949) 864-8000
Not Applicable
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

ITEM 7.01  REGULATION FD DISCLOSURE

Pacific Premier Bancorp, Inc. (the “Company”) is filing an investor presentation relating to its second quarter of 2013 (the “Presentation”), which will be used by the Company’s President and Chief Executive Officer, Steve Gardner, for presentations to investors and others.  The Presentation replaces and supersedes investor presentation materials previously furnished  as an exhibit to the Company’s Current Reports on Form 8-K.

A copy of the Presentation is attached hereto as Exhibit 99.1 and incorporated herein by reference.  The Presentation is also available on the Company's web site at www.ppbi.com.

On August 21, 2013, the Company issued a press release announcing that, on August 22, 2013, the Company’s President and Chief Executive Officer, Steve Gardner, will meet with institutional investors at the Raymond James 2013 U.S. Bank Conference.  A copy of the press release is attached as Exhibit 99.2 to this Current Report on Form 8-K.

Information contained herein, including Exhibits 99.1 and 99.2, shall not be deemed filed for the purposes of the Securities Exchange Act of 1934, as amended, nor shall such information and Exhibits be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such a filing.

ITEM 9.01  FINANCIAL STATEMENTS AND EXHIBITS

99.1   Pacific Premier Bancorp, Inc., Investor Presentation, Second Quarter 2013

99.2   Press Release, dated August 21, 2013

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

PACIFIC PREMIER BANCORP, INC.
Dated:	August 21, 2013	By:	/s/ STEVE GARDNER
			Steve Gardner
			President and Chief Executive Officer

EX-99.1

Exhibit 99.1

Pacific Premier Bancorp, Inc. to Participate

in Raymond James U.S. Bank Conference

Irvine, Calif., August 21, 2013 -- Pacific Premier Bancorp, Inc. (NASDAQ: PPBI) (the “Company”), the holding company of Pacific Premier Bank (the “Bank”), announced today that the Company will participate in the Raymond James U.S. Bank Conference on August 22, 2013 in Chicago, IL.  Steve Gardner, President and Chief Executive Officer, will present an overview of the Company’s investment highlights and financial results, and will meet with institutional investors at the conference.  The presentation is scheduled for 1:45 p.m., Central Time, on August 22, 2013.  While conference attendance is by invitation only, a simultaneous webcast can be accessed live on the Investor Relations section of the Company’s website www.ppbi.com.  After the live event, an archive of the presentation will be available for 90 days in the same location on the Company’s website.

The Company’s current investor presentation has been filed on Form 8-K with the Securities and Exchange Commission and can be accessed through the SEC Filings tab in the Investor Relations section of the Company’s website.

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 customers through its 13 full-service depository branches in Southern California located in the cities of Encinitas, Huntington Beach, Irvine, Los Alamitos, Newport Beach, Palm Desert, Palm Springs, San Bernardino, San Diego and Seal Beach and one office in Dallas, Texas.

###

Contact:

Pacific Premier Bancorp, Inc.

Steve Gardner

President/CEO

949.864.8000

Kent J. Smith

Executive Vice President/CFO

949.864.8000

EX-99.S

Exhibit 99.2

Pacific Premier Bancorp, Inc.

Investor Presentation

Second Quarter 2013

Steven R. Gardner

President & Chief Executive Officer

2

Forward-Looking Statements and
Where to Find Additional Information

The statements contained in this presentation that are not historical facts are forward-looking statements based on management’s current
expectations and beliefs concerning future developments and their potential effects on Pacific Premier Bancorp, Inc. (the “Company”). Such
statements involve inherent risks and uncertainties, many of which are difficult to predict and are generally beyond the control of the Company.
There can be no assurance that future developments affecting the Company will be the same as those anticipated by management. The Company
cautions readers that a number of important factors could cause actual results to differ materially from those expressed in, or implied or projected
by, such forward-looking statements. These risks and uncertainties include, but are not limited to, the following: the strength of the United States
economy in general and the strength of the local economies in which the Company conducts operations; the effects of, and changes in, trade,
monetary and fiscal policies and laws, including interest rate policies of the Board of Governors of the Federal Reserve System; inflation, interest rate,
market and monetary fluctuations; the timely development of competitive new products and services and the acceptance of these products and
services by new and existing customers; the willingness of users to substitute competitors’ products and services for the Company’s products and
services; the impact of changes in financial services policies, laws and regulations (including the Dodd-Frank Wall Street Reform and Consumer
Protection Act) and of governmental efforts to restructure the U.S. financial regulatory system; technological changes; the effect of acquisitions that
the Company has made or may make; changes in the level of the Company’s nonperforming assets and charge-offs; oversupply of inventory and
continued deterioration in values of California real estate, both residential and commercial; the effect of changes in accounting policies and practices,
as may be adopted from time-to-time by bank regulatory agencies, the Securities and Exchange Commission (“SEC”), the Public Company Accounting
Oversight Board, the Financial Accounting Standards Board or other accounting standards setters; possible other-than-temporary impairments of
securities held by the Company; changes in consumer spending, borrowing and savings habits; the effects of the Company’s lack of a diversified loan
portfolio, including the risks of geographic and industry concentrations; ability to attract deposits and other sources of liquidity; changes in the
financial performance and/or condition of the Company’s borrowers; changes in the competitive environment among financial and bank holding
companies and other financial service providers; unanticipated regulatory or judicial proceedings; and the Company’s ability to manage the risks
involved in the foregoing.

Additional factors that could cause actual results to differ materially from those expressed in the forward-looking statements are discussed in the
Company’s 2012 Annual Report on Form 10-K, as amended, filed with the SEC and other filings made by the Company with the SEC. The Company
specifically disclaims any obligation to update any factors or to publicly announce the result of revisions to any of the forward-looking statements
included herein to reflect future events or developments.

3

13 Full-Service

Branch Locations

Company Profile

Exchange / Listing

NASDAQ: PPBI

Focus

Small & Mid-Market
Businesses

Total Assets

$1.6 Billion

Branch Network

Note: Financial information as of the quarter ending 6/30/2013

Note: Market data as of 7/25/2013

Pacific Premier Footprint

Headquarters

Irvine, CA

# of Research Analysts

5 Analysts

Market Cap

$220.5 Million

Avg. Daily Volume

95,231 Shares

4

Where We’ve Been and Where We’re Going

Strategic Plan -

Pre 2008 Stage

§Conversion from a thrift to a commercial banking platform

§Improve deposit base - diversify loan portfolio

§Regimented approach to credit management

Strategic Plan -

Current Stage

§Organic growth driven by high performing sales culture

§Geographic and product expansion through disciplined acquisitions

§Canyon National Bank (CNB) - $209 million in assets at closing on 2/11/2011 (FDIC-Assisted)

§Palm Desert National Bank (PDNB) - $121 million in assets at closing on 4/27/2012 (FDIC-Assisted)

§First Associations Bank (FAB) - $394 million in assets at closing on 3/15/2013 (Whole Bank)

§San Diego Trust Bank (SDTB) - $201 million in assets at closing on 6/25/2013 (Whole Bank)

Strategic Plan -

Next Stage

§Continue to build out commercial banking franchise

§Focus on producing quality EPS growth

§Increase revenue from recurring fee income - government guaranteed lending

§Increase non-interest bearing deposit accounts to over 35% of deposit base

5

Commercial Bank Transformation - Loan Composition

Loan Composition - 12/31/2008

Loan Composition - 6/30/2013

§Management has significantly transformed the loan portfolio from one with significant real estate
exposure to a more balanced and well-diversified portfolio

§Total business loans represent 46% of total loans

Gross Loans / Deposits: 137.5%

6

Commercial Bank Transformation - Deposit Composition

Deposit Composition - 12/31/2008

Deposit Composition - 6/30/2013

§74% of deposits are non-CD deposits

§26% of deposit balances are non-interest bearing deposits

Total Deposits: $457.1 Million

Cost of Deposits: 3.51%

Total Deposits: $1.3 Billion

Cost of Deposits: 0.35%

7

Deposit Franchise Value Creation

§Transformation from a high-cost, thrift-like deposit base to a low-cost commercial banking deposit base
- cost of deposits of 0.35% as of Q2 2013

§Demand deposits have grown from $50.4 million in 2008 to $469.9 million as of Q2 2013

8

Asset Growth

Total Assets & Total Loans

§The Company has grown from $807.3 million assets at the end of 2009 to
approximately $1.65 billion as of Q2 2013

§Total assets compound annual growth rate of above 20% since 2009

§Results driven by focus on both organic and acquisitive growth

*CAGR since 12/31/2009

Total Assets CAGR*: 20.7%

Total Loans CAGR*:19.3%

9

Net Interest Margin & Revenue Growth

Net Interest Margin

Operating Revenue

§Strength in net interest margin as the Company continues to shift from a legacy thrift to a
commercial banking balance sheet mix

§The Company has consistently delivered meaningful operating revenue growth in each of the
last several years

Note: Operating revenue = net interest income + non-interest income

10

Expenses & Efficiency

Non-Interest Expense / Avg. Assets

Efficiency Ratio

§The Company continues to support its growth efforts by making significant
investments and hiring talented producers

§The Company will realize benefits from economies of scale as it continues to grow

Note: Exclude s impact from non-recurring merger expense s related to the Company’s
recent acquisitions in Q1 and Q2

11

Conservative Credit Culture

Nonperforming Assets to Total Assets

§The Company has a history of pro-actively addressing credit issues through aggressive problem-asset
resolution, which is demonstrated by its significant outperformance of peers over the last several years

§No troubled debt restructurings (“TDRs”)

§Loan sales utilized strategically to manage risk

CNB Acquisition

2/11/11

PDNB Acquisition

4/27/12

* California peer group consists of all insured California institutions, from SNL Financial.

12

§Ranked #2 in SNL Financial’s Top Performing Banks of 2012 ($500MM - $5.0B Assets)

§Raymond James Community Bankers Cup Winner (2012)

§Top 10% of banks based on profitability, operational efficiency and balance sheet metrics ($500MM - $10.0B Assets)

§Ranked #52 in American Banker’s Top 200 Community Banks (2012)

§Based on average ROAE over the last 3 years

§Ranked #7 top performer by Independent Community Bankers of America (“ICBA”)

§Performance measured by return on average equity for banks with assets > $1.0B

§Sandler O’Neill + Partners “Sm-All” Star - Class of 2011

§Top 25 bank & thrifts with a market capitalization < $2.0B

§BauerFinancial 5-Star rating - recognition as a “Superior Bank” by the nation’s leading independent bank rating
service (2011)

Pacific Premier Bancorp, Inc. has received industry recognition and numerous
awards for its outstanding client service and performance

Award Winning Performance

COMMUNITY BANKERS CUP

13

Superior Market Performance (PPBI)

Source: SNL Financial, market information as of 7/25/2013

§The Company has significantly outperformed its publicly traded bank peers (SNL Bank Index / NASDAQ Bank Index) in the
market over the last 3 years

+201%

+41%

14

Overview of Q2 2013 Results

§Second Quarter 2013 Shareholder Highlights

§Completed acquisition of San Diego Trust Bank on June 25, 2013

§$0.19 diluted earnings per share, adjusted (1)

§Return on average assets of 0.86%, adjusted (1)

§Return on average tangible common equity of 8.48%, adjusted (1)

§Second Quarter 2013 Performance

§Total assets of approximately $1.6 billion, up 32.8% since December 31, 2012

§Cost of deposits of 0.35%

§Non-interest bearing deposits increase by 9% to $345 million, or 26% of total deposits

§Net Interest margin of 4.01% (reflects excess liquidity following acquisitions)

§Clean credit quality - nonperforming assets / total assets of 0.21%

§Other Highlights

§Significant business development momentum and strong loan pipeline of $205 million
as of July 22, 2013, which more than doubled since the beginning of the year

§Total loan production increased to $124 million during the quarter

§System conversion complete on FAB, SDTB set for first week of Q4 2013

(1) Adjusted excludes merger related expenses

15

Scarcity Value - Public Banks in Southern CA*

*Southern CA includes Los Angeles, Orange, Imperial, Riverside ,

San Bernardino and San Diego counties

§14th largest NASADAQ/NYSE listed bank by total assets in Southern California* (top
20 shown below)

Source: SNL Financial, as of 3/31/2013, PPBI as of 6/30/13

Note: Includes banks listed on NASDAQ/NYSE/OTCB

16

Keys to Building Out the Franchise

§Relationship Banking Model - Strong Sales Culture

§Growing Low-Cost Core Deposit Base - Increasing Franchise Value

§Robust Earnings Stream - Building Book Value

§Disciplined Approach to Acquisitive Growth and Integration

§Strong Capital Management - Leveraging Capital Base

§Diligent Credit Underwriting and Excellent Asset Quality

17

High Performing Sales Culture Drives Organic Growth

§Business development team consists of early career sales executives
with real estate or financial services experience

§Consistent calling effort identifies prospects

§Diligent monitoring and management of quantity and quality of lead
generation

§Senior commercial bankers utilized to close new relationships

Business
Development /
Sales Infrastructure

Consistent
Contact

Lead
Generation
Management

Senior Commercial
Bankers Close New
Relationships

18

§Small and middle market business banking focus

§Full suite of business banking services, including: cash
management, payroll and merchant card services

§Customized C&I and commercial real estate loans

Commercial Banking Business Units

Business Banking

Government Guaranteed Lending

HOA Banking & Lending

Warehouse Lending

Income Property Lending

§Small Business Administration (“SBA”) Loans

§California Capital Access Program (“Cal CAP”) Loans

§United State Department of Agriculture (“USDA”) Loans

§Bureau of Indian Affairs (“BIA”) Loans

§Nationwide leader of customized cash management,
electronic banking services and credit facilities for:

§Home Owner Association (“HOA”) Companies

§HOA Management Companies

§Property Management Firms

§Credit facilities and electronic banking services
exclusively designed for large and small mortgage
banking concerns

§Credit facilities and banking services for commercial
real estate (“CRE”) investors

§Structured CRE and bridge loan flexibility

Construction Lending

§Construction loans for developers and owner users on
residential and CRE properties

§New team assembled in first half of 2013

19

Acquisition & Integration Strategy

General Acquisition Criteria

Integration Strategy

§Look for strategic, financially compelling and
culturally compatible organizations

§Favorable markets / demographics

§Business line diversification / cross-sell
opportunity

§Disciplined approach to analysis, pricing and
structuring of each transaction

§Realistic cost savings assumptions

§Core customer retention

§Keeping franchise value intact

§Immediately accretive to EPS

§Minimum 15% internal rate of return

§Maximum 10% dilution to tangible book value
per share (Earn-back period of 4 years or less)

§Aggressive approach to timely and effective
integration

§Identify key players that fit into our culture
and who can add value to the organization

§Immediately meet with new customer base to
begin cross-selling products and services

§Aggressive approach to disposition of any
problem assets inherited in a transaction

§Diligent approach to acquisitive growth and business integration

20

Capital Resources

§Well capitalized and equipped with the necessary capital resources to continue to execute on
the Company’s growth strategy by pursuing organic and acquisitive growth opportunities

§Pure common equity capital structure (no TARP / preferred equity)

*Please refer to non-GAAP reconciliation

21

§New bankers positively impacting organic loan portfolio growth

§SBA loan production expected to generate meaningful non-interest income

§Liquidity and deposit platform to fund future loan growth

§Southern California marketplace presents significant acquisition
opportunities

§Proven management team with a track record of executing on acquisitions

Outlook

Continued Focus on Building Long-term Franchise Value

22

Financial Highlights

Note: All dollars in thousands, except per share

*Please refer to non-GAAP reconciliation

23

Non-GAAP Financial Measures

Tangible common equity and tangible book value per share are non-GAAP financial measures derived from GAAP-based amounts. We calculate tangible common equity by excluding
the balance of intangible assets from common stockholders’ equity. We calculate tangible book value per share by dividing tangible common equity by common shares outstanding,
as compared to book value per common share, which we calculate by dividing common stockholders’ equity by common shares outstanding. We believe that this is consistent with
the treatment by bank regulatory agencies, which exclude intangible assets from the calculation of risk-based capital ratios. Accordingly, we believe that these non-GAAP financial
measures provide information that is important to investors and that is useful in understanding our capital position and ratios. However, these non-GAAP financial measures are
supplemental and are not a substitute for an analysis based on GAAP measures. As other companies may use different calculations for these measures, this presentation may not be
comparable to other similarly titled measures reported by other companies. A reconciliation of the non-GAAP measures of tangible common equity and tangible book value per
share to the GAAP measures of common stockholders’ equity and book value per share is set forth.

	PPB	PPBI
	6/30/2013	6/30/2013
Common Stockholders’ Equity	$172,680	$168,811
Less: Intangible Assets	$25,369	$25,369
Tangible Common Equity	$147,311	$143,442
Book Value per Share	-	$10.15
Less: Intangible Assets per Share	-	$1.53
Tangible Book Value per Share	-	$8.62
Total Assets	$1,554,290	$1,558,458
Less: Intangible Assets	$25,369	$25,369
Tangible Assets	$1,528,921	$1,533,089
Tangible Common Equity Ratio	9.63%	9.36%