# EDGAR Filing Document

**Accession Number:** 0001028918
**File Stem:** 0001028918-25-000083
**Filing Date:** 2025-7
**Character Count:** 172827
**Document Hash:** 6fd7194a96299aafc2e88143ecbddf4f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001028918-25-000083.hdr.sgml**: 20250724

**ACCESSION NUMBER**: 0001028918-25-000083

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 57

**CONFORMED PERIOD OF REPORT**: 20250724

**ITEM INFORMATION**: Results of Operations and Financial Condition

**ITEM INFORMATION**: Other Events

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20250724

**DATE AS OF CHANGE**: 20250724

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PACIFIC PREMIER BANCORP INC
- **CENTRAL INDEX KEY:** 0001028918
- **STANDARD INDUSTRIAL CLASSIFICATION:** STATE COMMERCIAL BANKS [6022]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 330743196
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 000-22193
- **FILM NUMBER:** 251146851

**BUSINESS ADDRESS:**
- **STREET 1:** 17901 VON KARMAN AVE
- **STREET 2:** SUITE 1200
- **CITY:** IRVINE
- **STATE:** CA
- **ZIP:** 92614
- **BUSINESS PHONE:** 949-864-8000

**MAIL ADDRESS:**
- **STREET 1:** 17901 VON KARMAN AVE
- **STREET 2:** SUITE 1200
- **CITY:** IRVINE
- **STATE:** CA
- **ZIP:** 92614

?xml version='1.0' encoding='ASCII'? ppbi-20250724

-

**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) | Date of Report (Date of earliest event reported) | **<u>July 24, 2025</u>** | **<u>July 24, 2025</u>** |
| **PACIFIC PREMIER BANCORP, INC.** | **PACIFIC PREMIER BANCORP, INC.** | **PACIFIC PREMIER BANCORP, INC.** | **PACIFIC PREMIER BANCORP, INC.** |
| (Exact name of registrant as specified in its charter) | (Exact name of registrant as specified in its charter) | (Exact name of registrant as specified in its charter) | (Exact name of registrant as specified in its charter) |
| **Delaware** | **0-22193** | **0-22193** | **33-0743196** |
| (State or other jurisdiction <br>of incorporation) | (Commission<br>File Number) | (Commission<br>File Number) | (I.R.S. Employer<br>Identification No.) |

---

**17901 Von Karman Avenue, Suite 1200, Irvine, CA 92614** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Address of principal executive offices) (Zip Code)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Registrant's telephone number, including area code **<u>(949) 864-8000</u>**

**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:

☐ 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))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth Company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Securities registered pursuant to Section 12(b) of the Act:

---

| | | |
|:---|:---|:---|
| **Title of Each Class** | **Trading Symbol** | **Name of Each Exchange on Which Registered** |
| Common Stock, par value $0.01 per share | PPBI | NASDAQ Global Select Market |

---

------

**ITEM 2.02&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; RESULTS OF OPERATIONS AND FINANCIAL CONDITION**

On July 24, 2025, Pacific Premier Bancorp, Inc. ("PPBI") issued a press release setting forth its (unaudited) financial results for the second quarter of 2025. A copy of PPBI's press release is furnished as Exhibit 99.1 and hereby incorporated by reference. A presentation regarding PPBI's financial results for the three months ended June 30, 2025 is furnished as Exhibit 99.2 and incorporated herein by reference.

The information furnished under Item 2.02 and Item 9.01 of this Current Report on Form 8-K, including Exhibit 99.1 and Exhibit 99.2 to this Current Report on Form 8-K, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to liabilities under that Section, nor shall it be deemed incorporated by reference in any registration statement or other filings of PPBI under the Securities Act of 1933, as amended, except as shall be set forth by specific reference in such filing.

**ITEM 8.01&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; OTHER EVENTS**

**Quarterly Dividend**

On July 23, 2025, PPBI's Board of Directors declared a $0.33 per share dividend, payable on August 15, 2025 to shareholders of record on August 5, 2025.

**ITEM 9.01**&nbsp;&nbsp;&nbsp;&nbsp;**FINANCIAL STATEMENTS AND EXHIBITS**

---

| | |
|:---|:---|
| 99.1 | <u>[Press Release dated July 24, 2025](ppbi_exx991xearnings-2025x.htm)</u> |
| 99.2 | <u>[Investor Presentation, Second Quarter 2025](a2q25ipvfinal.htm)</u> |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |

---

**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.

---

| | | | |
|:---|:---|:---|:---|
| | | **<u>PACIFIC PREMIER BANCORP, INC</u>.** | **<u>PACIFIC PREMIER BANCORP, INC</u>.** |
| Dated: | **<u>July 24, 2025</u>** | By: | <u>/s/</u> **<u>STEVEN R. GARDNER</u>** |
|  |  |  | Steven R. Gardner |
|  |  |  | Chairman, Chief Executive Officer, and President |

---

## Exhibit 99.1

**Exhibit 99.1**

**Pacific Premier Bancorp, Inc. Announces Second Quarter 2025 Financial Results and a Quarterly Cash Dividend of $0.33 Per Share**

**Second Quarter 2025 Summary**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***• Net income of $32.1 million, or $0.33 per diluted share***

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***• Return on average assets of 0.71%***

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***• Net interest margin expanded 6 bps to 3.12%***

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• ***Average cost of deposits decreased 5 bps to 1.60%***

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***• Non-maturity deposits***<sup>(1)</sup> ***to total deposits of 86.5%***

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***• Non-interest bearing deposits to total deposits of 32.3%***

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***• Total delinquency of 0.02% of loans held for investment***

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***• Nonperforming assets to total assets of 0.15%, net loan recoveries of $349,000***

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***• Tangible book value per share***<sup>(1)</sup> ***increased to $21.10***

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***• Common equity tier 1 capital ratio of 17.00%, and total risk-based capital ratio of 18.85%***

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***• Redemption of $150.0 million in subordinated notes due 2030***

Irvine, Calif., July 24, 2025 -- Pacific Premier Bancorp, Inc. (NASDAQ: PPBI) (the "Company" or "Pacific Premier"), the holding company of Pacific Premier Bank (the "Bank"), reported net income of $32.1 million, or $0.33 per diluted share, for the second quarter of 2025, compared with net income of $36.0 million, or $0.37 per diluted share, for the first quarter of 2025, and net income of $41.9 million, or $0.43 per diluted share, for the second quarter of 2024.

&nbsp;&nbsp;&nbsp;&nbsp;

For the second quarter of 2025, the Company's return on average assets ("ROAA") was 0.71%, return on average equity ("ROAE") was 4.33%, and return on average tangible common equity ("ROATCE")<sup>(1)</sup> was 6.66%, compared to 0.80%, 4.87%, and 7.48%, respectively, for the first quarter of 2025, and 0.90%, 5.76%, and 8.92%, respectively, for the second quarter of 2024. Total assets were $17.78 billion at June 30, 2025, compared to $18.09 billion at March 31, 2025, and $18.33 billion at June 30, 2024.

Steven R. Gardner, Chairman, Chief Executive Officer, and President of the Company, commented, "We delivered solid financial results for the second quarter, as we remain committed to our prudent, proactive approach to managing all aspects of our business as we work towards consummating our pending merger with Columbia Banking System, Inc. ("Columbia").

"For the second quarter, we generated net income of $32.1 million, or $0.33 per share, which included non-recurring items that had an after-tax negative impact of $0.06 per share. Our net interest margin expanded by six basis points to 3.12%, driven by a five basis point reduction in our average deposit costs to 1.60%, which is reflective of our high-quality, low-cost deposit base and underscores the strong franchise that we will deliver to Columbia. Additionally, our quarter-end tangible common equity and Tier 1 common equity ratios increased to 12.14% and 17.00%, respectively.

"Asset quality trends for the second quarter remained strong, with nonperforming loans decreasing to $26.3 million, and we had net recoveries of $349,000. Overall, credit performance aligned with our expectations, as our borrowers are in stable positions despite broader macroeconomic uncertainties.

"Our second quarter new loan commitments increased to $578.5 million, nearly double the first quarter's levels. We also maintained a favorable deposit mix, with brokered deposits decreasing by $99.9 million and noninterest-bearing deposits comprising 32.3% of total deposits. Consistent with our proactive and prudent approach to capital and liquidity management, we redeemed $150 million of higher-cost subordinated debt during

<sup>(1)</sup> Reconciliations of the non–U.S. generally accepted accounting principles ("GAAP") measures are set forth at the end of this press release.

------

the second quarter, and with the anticipated redemption of $125 million of subordinated debt in August, we effectively will eliminate our remaining wholesale funding heading into the Columbia merger.

"We are pleased to have received overwhelming stockholder support for our pending merger with Columbia and anticipate closing the transaction as soon as September 1, 2025, pending regulatory approvals and satisfaction of remaining customary closing conditions. Our integration planning efforts have been progressing seamlessly since the announcement. We currently are tracking ahead of plan, and we have never worked with a merger partner as thoroughly prepared as the Columbia team. Our employees have been collaborating effectively, and we are excited to be part of the new organization.

"Lastly, I want to extend my heartfelt thanks to my dedicated colleagues and the board of directors at Pacific Premier for their exceptional contributions, as well as to all our stakeholders for their continued support. Reflecting on the past 25 years, I feel a deep sense of pride in what we have accomplished together, growing nearly twentyfold during that time and delivering long-term value to our stockholders. I am optimistic about the future and excited for the next chapter of our company."

------

**FINANCIAL HIGHLIGHTS**

---

| | | | |
|:---|:---|:---|:---|
| | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** |
| | **June 30,** | **March 31,** | **June 30,** |
| <u>(Dollars in thousands, except per share data)</u> | **2025** | **2025** | **2024** |
| **Financial highlights (unaudited)** |  |  |  |
| &nbsp;&nbsp;Net income | $32061 | $36021 | $41905 |
| &nbsp;&nbsp;&nbsp;Net interest income | 126755 | 123367 | 136394 |
| &nbsp;&nbsp;Diluted earnings per share | 0.33 | 0.37 | 0.43 |
| &nbsp;&nbsp;&nbsp;Common equity dividend per share paid | 0.33 | 0.33 | 0.33 |
| &nbsp;&nbsp;ROAA | 0.71% | 0.80% | 0.90% |
| &nbsp;&nbsp;ROAE | 4.33 | 4.87 | 5.76 |
| &nbsp;&nbsp;ROATCE <sup>(1)</sup> | 6.66 | 7.48 | 8.92 |
| &nbsp;&nbsp;&nbsp;Net interest margin | 3.12 | 3.06 | 3.26 |
| &nbsp;&nbsp;&nbsp;Cost of deposits | 1.60 | 1.65 | 1.73 |
| &nbsp;&nbsp;Cost of non-maturity deposits <sup>(1)</sup> | 1.21 | 1.20 | 1.17 |
| &nbsp;&nbsp;Efficiency ratio <sup>(1)</sup> | 65.3 | 67.5 | 61.3 |
| &nbsp;&nbsp;&nbsp;Noninterest expense as a percent of average assets | 2.32 | 2.22 | 2.10 |
| &nbsp;&nbsp;&nbsp;Total assets | $17783172 | $18085583 | $18332325 |
| &nbsp;&nbsp;&nbsp;Total deposits | 14497373 | 14666232 | 14627654 |
| &nbsp;&nbsp;Non-maturity deposits <sup>(1)</sup> as a percent of total deposits | 86.5% | 85.9% | 83.7% |
| &nbsp;&nbsp;&nbsp;Noninterest-bearing deposits as a percent of total deposits | 32.3 | 32.9 | 31.6 |
| &nbsp;&nbsp;&nbsp;Loan-to-deposit ratio | 82.1 | 82.0 | 85.4 |
| &nbsp;&nbsp;&nbsp;Nonperforming assets as a percent of total assets | 0.15 | 0.15 | 0.28 |
| &nbsp;&nbsp;Delinquency as a percentage of loans held for investment | 0.02 | 0.02 | 0.14 |
| &nbsp;&nbsp;Allowance for credit losses to loans held for investment <sup>(2)</sup> | 1.43 | 1.46 | 1.47 |
| &nbsp;&nbsp;&nbsp;Book value per share | $30.67 | $30.57 | $30.32 |
| &nbsp;&nbsp;Tangible book value per share <sup>(1)</sup> | 21.10 | 20.98 | 20.58 |
| &nbsp;&nbsp;Tangible common equity ratio <sup>(1)</sup> | 12.14% | 11.87% | 11.41% |
| &nbsp;&nbsp;&nbsp;Common equity tier 1 capital ratio | 17.00 | 16.99 | 15.89 |
| &nbsp;&nbsp;&nbsp;Total capital ratio | 18.85 | 20.23 | 19.01 |

---

**<u>______________________________</u>**

<sup>(1)</sup> Reconciliations of the non-GAAP measures are set forth at the end of this press release.

<sup>(2)</sup> At June 30, 2025, 20% of loans held for investment include a fair value net discount of $29.5 million, or 0.25% of loans held for investment. At March 31, 2025, 21% of loans held for investment include a fair value net discount of $31.3 million, or 0.26% of loans held for investment. At June 30, 2024, 25% of loans held for investment include a fair value net discount of $38.6 million, or 0.31% of loans held for investment.

------

**INCOME STATEMENT HIGHLIGHTS**

*Net Interest Income and Net Interest Margin*

Net interest income totaled $126.8 million in the second quarter of 2025, an increase of $3.4 million, or 2.7%, from the first quarter of 2025. The increase in net interest income was primarily attributable to lower cost of funds, and lower average interest-bearing liabilities, partially offset by lower average interest-earning assets.

The net interest margin for the second quarter of 2025 increased 6 basis points to 3.12%, from 3.06% in the prior quarter. The increase was primarily due to lower cost of funds as well as increased average loan yields.

Net interest income for the second quarter of 2025 decreased $9.6 million, or 7.1%, compared to the second quarter of 2024. The decrease was attributable to lower average interest-earning asset balances and yields, partially offset by lower average interest-bearing liabilities balances and lower cost of funds.

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **PACIFIC PREMIER BANCORP, INC. AND SUBSIDIARIES** | **PACIFIC PREMIER BANCORP, INC. AND SUBSIDIARIES** | **PACIFIC PREMIER BANCORP, INC. AND SUBSIDIARIES** | **PACIFIC PREMIER BANCORP, INC. AND SUBSIDIARIES** | **PACIFIC PREMIER BANCORP, INC. AND SUBSIDIARIES** | **PACIFIC PREMIER BANCORP, INC. AND SUBSIDIARIES** | **PACIFIC PREMIER BANCORP, INC. AND SUBSIDIARIES** | **PACIFIC PREMIER BANCORP, INC. AND SUBSIDIARIES** | **PACIFIC PREMIER BANCORP, INC. AND SUBSIDIARIES** | **PACIFIC PREMIER BANCORP, INC. AND SUBSIDIARIES** |
| **CONSOLIDATED AVERAGE BALANCES AND YIELD DATA** | **CONSOLIDATED AVERAGE BALANCES AND YIELD DATA** | **CONSOLIDATED AVERAGE BALANCES AND YIELD DATA** | **CONSOLIDATED AVERAGE BALANCES AND YIELD DATA** | **CONSOLIDATED AVERAGE BALANCES AND YIELD DATA** | **CONSOLIDATED AVERAGE BALANCES AND YIELD DATA** | **CONSOLIDATED AVERAGE BALANCES AND YIELD DATA** | **CONSOLIDATED AVERAGE BALANCES AND YIELD DATA** | **CONSOLIDATED AVERAGE BALANCES AND YIELD DATA** | **CONSOLIDATED AVERAGE BALANCES AND YIELD DATA** |
| (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) |
|  | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** |
|  | **June 30, 2025** | **June 30, 2025** | **June 30, 2025** | **March 31, 2025** | **March 31, 2025** | **March 31, 2025** | **June 30, 2024** | **June 30, 2024** | **June 30, 2024** |
| <u>(Dollars in thousands)</u> | **Average Balance** | **Interest Income/Expense** | **Average<br> Yield/<br> Cost** | **Average Balance** | **Interest Income/Expense** | **Average<br> Yield/<br> Cost** | **Average Balance** | **Interest Income/Expense** | **Average Yield/ Cost** |
| **Assets** |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Cash and cash equivalents | $815636 | $7649 | 3.76% | $882266 | $8279 | 3.81% | $1134736 | $13666 | 4.84% |
| &nbsp;&nbsp;&nbsp;Investment securities | 3552016 | 31113 | 3.50 | 3483680 | 30526 | 3.51 | 2964909 | 26841 | 3.62 |
| &nbsp;&nbsp;&nbsp;Loans receivable, net <sup>(1) (2)</sup> | 11923558 | 150419 | 5.06 | 11981726 | 148530 | 5.03 | 12724545 | 167547 | 5.30 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total interest-earning assets | $16291210 | $189181 | 4.66 | $16347672 | $187335 | 4.65 | $16824190 | $208054 | 4.97 |
| **Liabilities** |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Interest-bearing deposits | $9876221 | $58376 | 2.37% | $9924482 | $59573 | 2.43% | $10117571 | $64229 | 2.55% |
| &nbsp;&nbsp;&nbsp;Borrowings | 248305 | 4050 | 6.48 | 272739 | 4395 | 6.44 | 532251 | 7431 | 5.59 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total interest-bearing liabilities | $10124526 | $62426 | 2.47 | $10197221 | $63968 | 2.54 | $10649822 | $71660 | 2.71 |
| &nbsp;&nbsp;&nbsp;Noninterest-bearing deposits | $4733981 |  |  | $4710940 |  |  | $4824002 |  |  |
| Net interest income |  | $126755 |  |  | $123367 |  |  | $136394 |  |
| Net interest margin <sup>(3)</sup> |  |  | 3.12% |  |  | 3.06% |  |  | 3.26% |
| Cost of deposits <sup>(4)</sup> |  |  | 1.60 |  |  | 1.65 |  |  | 1.73 |
| Cost of funds <sup>(5)</sup> |  |  | 1.69 |  |  | 1.74 |  |  | 1.86 |
| Cost of non-maturity deposits <sup>(6)</sup> |  |  | 1.21 |  |  | 1.20 |  |  | 1.17 |
| Ratio of interest-earning assets to interest-bearing liabilities | Ratio of interest-earning assets to interest-bearing liabilities | Ratio of interest-earning assets to interest-bearing liabilities | 160.91 |  |  | 160.31 |  |  | 157.98 |

---

**<u>_______________________________________</u>**

<sup>(1)</sup> Average balance includes loans held for sale and nonperforming loans and is net of deferred loan origination fees/costs, discounts/premiums, and the basis adjustment of certain loans included in fair value hedging relationships.

<sup>(2)</sup> Interest income includes fair value net discount accretion of $1.8 million, $1.9 million, and $2.3 million for the three months ended June 30, 2025, March 31, 2025, and June 30, 2024, respectively.

<sup>(3)</sup> Represents annualized net interest income divided by average interest-earning assets.

<sup>(4)</sup> Represents annualized interest expense on deposits divided by the sum of average interest-bearing deposits and noninterest-bearing deposits.

<sup>(5)</sup> Represents annualized total interest expense divided by the sum of average total interest-bearing liabilities and noninterest-bearing deposits.

<sup>(6)</sup> Reconciliations of the non-GAAP measures are set forth at the end of this press release.

------

*Provision for Credit Losses*

For the second quarter of 2025, the Company recorded a $2.1 million provision reversal, compared to a $3.7 million provision reversal for the first quarter of 2025, and a $1.3 million provision expense for the second quarter of 2024. The reversal of provision for credit losses for the current quarter was largely attributable to the decrease in loan balances and changes in the loan composition, partially offset by increases associated with higher unfunded commitments.

---

| | | | |
|:---|:---|:---|:---|
| | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** |
| | **June 30,** | **March 31,** | **June 30,** |
| <u>(Dollars in thousands)</u> | **2025** | **2025** | **2024** |
| **Provision for credit losses** |  |  |  |
| &nbsp;&nbsp;&nbsp;Provision for loan losses | $(4653) | $(3562) | $1756 |
| &nbsp;&nbsp;&nbsp;Provision for unfunded commitments | 2569 | (143) | (505) |
| &nbsp;&nbsp;&nbsp;Provision for held-to-maturity securities | 6 | (13) | 14 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total provision for credit losses | $(2078) | $(3718) | $1265 |

---

*Noninterest Income*

Noninterest income for the second quarter of 2025 was $17.6 million, a decrease of $3.9 million from the first quarter of 2025. The decrease was primarily due to a $1.5 million decrease in trust custodial account income related to annual tax fees recognized in the prior quarter, a $1.4 million decrease in earnings on bank owned life insurance, and a $1.3 million loss on debt extinguishment, resulting from the early redemption of $150.0 million in subordinated notes.

Noninterest income for the second quarter of 2025 decreased $657,000 compared to the second quarter of 2024.

---

| | | | |
|:---|:---|:---|:---|
| | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** |
| | **June 30,** | **March 31,** | **June 30,** |
| <u>(Dollars in thousands)</u> | **2025** | **2025** | **2024** |
| **Noninterest income** |  |  |  |
| &nbsp;&nbsp;&nbsp;Loan servicing income | $472 | $447 | $510 |
| &nbsp;&nbsp;&nbsp;Service charges on deposit accounts | 2578 | 2629 | 2710 |
| &nbsp;&nbsp;&nbsp;Other service fee income | 283 | 289 | 309 |
| &nbsp;&nbsp;&nbsp;Debit card interchange fee income | 935 | 834 | 925 |
| &nbsp;&nbsp;&nbsp;Earnings on bank owned life insurance | 4341 | 5772 | 4218 |
| &nbsp;&nbsp;Net gain from sales of loans | 23 | 90 | 65 |
| &nbsp;&nbsp;Trust custodial account fees | 8815 | 10307 | 8950 |
| &nbsp;&nbsp;&nbsp;Escrow and exchange fees | 774 | 672 | 702 |
| &nbsp;&nbsp;Other (loss) income | (656) | 425 | (167) |
| &nbsp;&nbsp;&nbsp;&nbsp;Total noninterest income | $17565 | $21465 | $18222 |

---

------

*Noninterest Expense*

Noninterest expense totaled $104.4 million for the second quarter of 2025, an increase of $4.1 million compared to the first quarter of 2025. The increase was primarily due to merger-related expense of $6.7 million for the second quarter of 2025 relating to the pending merger with Columbia. Excluding the merger-related expense, noninterest expense totaled $97.7 million, a decrease of $2.6 million compared to the first quarter of 2025 primarily attributable to a $2.6 million decrease in legal and professional services.

Noninterest expense for the second quarter of 2025 increased by $6.8 million compared to the second quarter of 2024. The increase was primarily due to merger-related expense of $6.7 million for the second quarter of 2025.

---

| | | | |
|:---|:---|:---|:---|
| | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** |
| | **June 30,** | **March 31,** | **June 30,** |
| <u>(Dollars in thousands)</u> | **2025** | **2025** | **2024** |
| **Noninterest expense** |  |  |  |
| &nbsp;&nbsp;&nbsp;Compensation and benefits | $53268 | $52812 | $53140 |
| &nbsp;&nbsp;&nbsp;Premises and occupancy | 8471 | 9716 | 10480 |
| &nbsp;&nbsp;&nbsp;Data processing | 7806 | 7976 | 7754 |
| &nbsp;&nbsp;&nbsp;FDIC insurance premiums | 1947 | 1996 | 1873 |
| &nbsp;&nbsp;&nbsp;Legal and professional services | 2223 | 4861 | 1078 |
| &nbsp;&nbsp;&nbsp;Marketing expense | 905 | 936 | 1724 |
| &nbsp;&nbsp;&nbsp;Office expense | 1006 | 1099 | 1077 |
| &nbsp;&nbsp;&nbsp;Loan expense | 829 | 781 | 840 |
| &nbsp;&nbsp;&nbsp;Deposit expense | 13644 | 12896 | 12289 |
| &nbsp;&nbsp;&nbsp;Merger-related expense | 6712 |  |  |
| &nbsp;&nbsp;&nbsp;Amortization of intangible assets | 2501 | 2566 | 2763 |
| &nbsp;&nbsp;&nbsp;Other expense | 5064 | 4653 | 4549 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total noninterest expense | $104376 | $100292 | $97567 |

---

*Income Tax*

For the second quarter of 2025, income tax expense totaled $10.0 million, resulting in an effective tax rate of 23.7%, compared with income tax expense of $12.2 million and an effective tax rate of 25.4% for the first quarter of 2025, and income tax expense of $13.9 million and an effective tax rate of 24.9% for the second quarter of 2024.

------

**BALANCE SHEET HIGHLIGHTS**

*Loans*

Loans held for investment totaled $11.90 billion at June 30, 2025, a decrease of $120.9 million, or 1.0% from March 31, 2025, and a decrease of $587.9 million, or 4.7%, from June 30, 2024. The decrease from March 31, 2025 was primarily due to lower loan purchases, partially offset by lower prepayments and maturities.

New origination activity during the second quarter of 2025 increased compared to both the first quarter of 2025 and the second quarter of 2024. New loan commitments totaled $578.5 million, and new loan fundings totaled $195.8 million, compared to $319.3 million in loan commitments and $207.3 million in new loan fundings for the first quarter of 2025, and $150.7 million in loan commitments and $58.6 million in new loan fundings for the second quarter of 2024.

At June 30, 2025, the total loan-to-deposit ratio was 82.1%, compared to 82.0% and 85.4% at March 31, 2025 and June 30, 2024, respectively.

The following table presents the primary loan roll-forward activities for total gross loans, including both loans held for investment and loans held for sale, during the quarters indicated:

---

| | | | |
|:---|:---|:---|:---|
| | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** |
| | **June 30,** | **March 31,** | **June 30,** |
| <u>(Dollars in thousands)</u> | **2025** | **2025** | **2024** |
| Beginning gross loan balance before basis adjustment | $12035979 | $12058498 | $13044395 |
| &nbsp;&nbsp;New commitments | 578491 | 319308 | 150666 |
| &nbsp;&nbsp;Unfunded new commitments | (382734) | (112006) | (92017) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net new fundings | 195757 | 207302 | 58649 |
| &nbsp;&nbsp;Purchased loans | 48817 | 238649 |  |
| &nbsp;&nbsp;Amortization/maturities/payoffs | (391083) | (448759) | (447170) |
| &nbsp;&nbsp;Net draws on existing lines of credit | 24963 | (16193) | (100302) |
| &nbsp;&nbsp;Loan sales | (679) | (3050) | (23750) |
| &nbsp;&nbsp;Charge-offs | (324) | (468) | (13530) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net decrease | (122549) | (22519) | (526103) |
| Ending gross loan balance before basis adjustment | $11913430 | $12035979 | $12518292 |
| &nbsp;&nbsp;Basis adjustment associated with fair value hedge <sup>(1)</sup> | (10600) | (13001) | (28201) |
| Ending gross loan balance | $11902830 | $12022978 | $12490091 |

---

**<u>______________________________</u>**

<sup>(1)</sup> Represents the basis adjustment associated with the application of hedge accounting on certain loans.

------

The following table presents the composition of the loans held for investment as of the dates indicated:

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| | | | |
|:---|:---|:---|:---|
| | **June 30,** | **March 31,** | **June 30,** |
| <u>(Dollars in thousands)</u> | **2025** | **2025** | **2024** |
| **Investor loans secured by real estate** |  |  |  |
| &nbsp;&nbsp;&nbsp;Commercial real estate ("CRE") non-owner-occupied | $2084781 | $2111115 | $2245474 |
| &nbsp;&nbsp;&nbsp;Multifamily | 5255040 | 5307484 | 5473606 |
| &nbsp;&nbsp;&nbsp;Construction and land | 302781 | 302730 | 453799 |
| &nbsp;&nbsp;SBA secured by real estate <sup>(1)</sup> | 27405 | 27571 | 33245 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total investor loans secured by real estate | 7670007 | 7748900 | 8206124 |
| **Business loans secured by real estate** <sup>(2)</sup> |  |  |  |
| &nbsp;&nbsp;&nbsp;CRE owner-occupied | 1918031 | 1962531 | 2096485 |
| &nbsp;&nbsp;&nbsp;Franchise real estate secured | 227080 | 238870 | 274645 |
| &nbsp;&nbsp;SBA secured by real estate <sup>(3)</sup> | 39263 | 42227 | 46543 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total business loans secured by real estate | 2184374 | 2243628 | 2417673 |
| **Commercial loans** <sup>(4)</sup> |  |  |  |
| &nbsp;&nbsp;Commercial and industrial ("C&I") | 1643977 | 1609225 | 1554735 |
| &nbsp;&nbsp;&nbsp;Franchise non-real estate secured | 180708 | 194454 | 257516 |
| &nbsp;&nbsp;&nbsp;SBA non-real estate secured | 7472 | 7546 | 10346 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total commercial loans | 1832157 | 1811225 | 1822597 |
| **Retail loans** |  |  |  |
| &nbsp;&nbsp;Single family residential <sup>(5)</sup> | 224483 | 230262 | 70380 |
| &nbsp;&nbsp;&nbsp;Consumer | 1658 | 1964 | 1378 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total retail loans | 226141 | 232226 | 71758 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Loans held for investment before basis adjustment <sup>(6)</sup> | 11912679 | 12035979 | 12518152 |
| Basis adjustment associated with fair value hedge <sup>(7)</sup> | (10600) | (13001) | (28201) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Loans held for investment | 11902079 | 12022978 | 12489951 |
| Allowance for credit losses for loans held for investment | (170663) | (174967) | (183803) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Loans held for investment, net | $11731416 | $11848011 | $12306148 |
| Total unfunded loan commitments | $1723901 | $1453174 | $1601870 |
| Loans held for sale, at lower of cost or fair value | $751 | $— | $140 |

---

**<u>______________________________</u>**

<sup>(1)</sup> SBA loans that are collateralized by hotel/motel real property.

<sup>(2)</sup> Loans to businesses that are collateralized by real estate where the operating cash flow of the business is the primary source of repayment.

<sup>(3)</sup> SBA loans that are collateralized by real property other than hotel/motel real property.

<sup>(4)</sup> Loans to businesses where the operating cash flow of the business is the primary source of repayment.

<sup>(5)</sup> Single family residential includes home equity lines of credit, as well as second trust deeds.

<sup>(6)</sup> Includes unamortized net purchase premiums of $11.2 million, $11.6 million, and $3.8 million, net deferred origination (fees) costs of $(103,000), $850,000, and $1.4 million, and unaccreted fair value net purchase discounts of $29.5 million, $31.3 million, and $38.6 million as of June 30, 2025, March 31, 2025, and June 30, 2024, respectively.

<sup>(7)</sup> Represents the basis adjustment associated with the application of hedge accounting on certain loans.

The total end-of-period weighted average interest rate on loans at June 30, 2025 was 4.83%, compared to 4.80% at March 31, 2025, and 4.88% at June 30, 2024. The quarter-over-quarter increase was primarily attributable to higher-yielding new loan fundings and loan purchases.

------

The following table presents the composition of loan commitments originated during the quarters indicated:

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| | | | |
|:---|:---|:---|:---|
| | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** |
| | **June 30,** | **March 31,** | **June 30,** |
| <u>(Dollars in thousands)</u> | **2025** | **2025** | **2024** |
| **Investor loans secured by real estate** |  |  |  |
| &nbsp;&nbsp;&nbsp;CRE non-owner-occupied | $65529 | $45346 | $3818 |
| &nbsp;&nbsp;&nbsp;Multifamily | 48915 | 105375 | 6026 |
| &nbsp;&nbsp;&nbsp;Construction and land | 106304 | 49230 | 16820 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total investor loans secured by real estate | 220748 | 199951 | 26664 |
| **Business loans secured by real estate** <sup>(1)</sup> |  |  |  |
| &nbsp;&nbsp;&nbsp;CRE owner-occupied | 36708 | 30235 | 2623 |
| &nbsp;&nbsp;&nbsp;Franchise real estate secured | 958 | 3185 |  |
| &nbsp;&nbsp;SBA secured by real estate <sup>(2)</sup> |  | 3260 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Total business loans secured by real estate | 37666 | 36680 | 2623 |
| **Commercial loans** <sup>(3)</sup> |  |  |  |
| &nbsp;&nbsp;&nbsp;Commercial and industrial | 300260 | 72451 | 109679 |
| &nbsp;&nbsp;&nbsp;Franchise non-real estate secured | 1740 | 1406 |  |
| &nbsp;&nbsp;&nbsp;SBA non-real estate secured | 1825 |  | 1281 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total commercial loans | 303825 | 73857 | 110960 |
| **Retail loans** |  |  |  |
| &nbsp;&nbsp;Single family residential <sup>(4)</sup> | 16013 | 8113 | 7698 |
| &nbsp;&nbsp;&nbsp;Consumer | 239 | 707 | 2721 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total retail loans | 16252 | 8820 | 10419 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total loan commitments | $578491 | $319308 | $150666 |

---

**<u>______________________________</u>**

<sup>(1)</sup> Loans to businesses that are collateralized by real estate where the operating cash flow of the business is the primary source of repayment.

<sup>(2)</sup> SBA loans that are collateralized by real property other than hotel/motel real property.

<sup>(3)</sup> Loans to businesses where the operating cash flow of the business is the primary source of repayment.

<sup>(4)</sup> Single family residential includes home equity lines of credit, as well as second trust deeds.

The weighted average interest rate on new loan commitments was 7.10% in the second quarter of 2025, compared to 6.95% in the first quarter of 2025, and 8.58% in the second quarter of 2024.

*Allowance for Credit Losses*

At June 30, 2025, our allowance for credit losses ("ACL") on loans held for investment was $170.7 million, a decrease of $4.3 million from March 31, 2025 and a decrease of $13.1 million from June 30, 2024. The decreases in the ACL from March 31, 2025 and June 30, 2024 primarily reflects the relative changes in the size and composition of our loan portfolio, partially offset by increases associated with economic forecasts..

During the second quarter of 2025, the Company had $349,000 of net recoveries, compared to $343,000 of net recoveries during the first quarter of 2025, and $10.3 million of net charge-offs during the second quarter of 2024.

------

The following table provides the allocation of the ACL for loans held for investment as well as the activity in the ACL attributed to various segments in the loan portfolio as of and for the period indicated:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **Three Months Ended June 30, 2025** | **Three Months Ended June 30, 2025** | **Three Months Ended June 30, 2025** | **Three Months Ended June 30, 2025** | **Three Months Ended June 30, 2025** |
| <u>(Dollars in thousands)</u> | **Beginning ACL Balance** | **Charge-offs** | **Recoveries** | **Provision for Credit Losses** | **Ending <br>ACL Balance** |
| **Investor loans secured by real estate** |  |  |  |  |  |
| &nbsp;&nbsp;CRE non-owner-occupied | $26866 | $— | $— | $254 | $27120 |
| &nbsp;&nbsp;Multifamily | 51375 |  |  | 2603 | 53978 |
| &nbsp;&nbsp;Construction and land | 3777 |  |  | (210) | 3567 |
| &nbsp;&nbsp;SBA secured by real estate <sup>(1)</sup> | 1678 |  |  | (551) | 1127 |
| **Business loans secured by real estate** <sup>(2)</sup> |  |  |  |  |  |
| &nbsp;&nbsp;CRE owner-occupied | 30521 |  |  | (2600) | 27921 |
| &nbsp;&nbsp;Franchise real estate secured | 4663 |  |  | (651) | 4012 |
| &nbsp;&nbsp;SBA secured by real estate <sup>(3)</sup> | 3864 |  |  | (415) | 3449 |
| **Commercial loans** <sup>(4)</sup> |  |  |  |  |  |
| &nbsp;&nbsp;Commercial and industrial | 41902 | (280) | 298 | (1821) | 40099 |
| &nbsp;&nbsp;Franchise non-real estate secured | 8077 | (22) |  | (1451) | 6604 |
| &nbsp;&nbsp;SBA non-real estate secured | 461 |  | 2 | (26) | 437 |
| **Retail loans** |  |  |  |  |  |
| &nbsp;&nbsp;Single family residential <sup>(5)</sup> | 1680 |  | 9 | 548 | 2237 |
| &nbsp;&nbsp;Consumer loans | 103 | (22) | 364 | (333) | 112 |
| &nbsp;&nbsp;&nbsp;&nbsp;Totals | $174967 | $(324) | $673 | $(4653) | $170663 |

---

**<u>______________________________</u>**

<sup>(1)</sup> SBA loans that are collateralized by hotel/motel real property.

<sup>(2)</sup> Loans to businesses that are collateralized by real estate where the operating cash flow of the business is the primary source of repayment.

<sup>(3)</sup> SBA loans that are collateralized by real property other than hotel/motel real property.

<sup>(4)</sup> Loans to businesses where the operating cash flow of the business is the primary source of repayment.

<sup>(5)</sup> Single family residential includes home equity lines of credit, as well as second trust deeds.

The ratio of ACL to loans held for investment at June 30, 2025 decreased to 1.43%, compared to 1.46% at March 31, 2025 and 1.47% at June 30, 2024. The fair value net discount on loans acquired through bank acquisitions was $29.5 million, or 0.25% of total loans held for investment, as of June 30, 2025, compared to $31.3 million, or 0.26% of total loans held for investment, as of March 31, 2025, and $38.6 million, or 0.31% of total loans held for investment, as of June 30, 2024.

*Asset Quality*

Nonperforming assets totaled $26.3 million, or 0.15% of total assets, at June 30, 2025, compared to $27.7 million, or 0.15% of total assets, at March 31, 2025, and $52.1 million, or 0.28% of total assets, at June 30, 2024. Loan delinquencies were $2.0 million, or 0.02% of loans held for investment, at June 30, 2025, compared to $2.1 million, or 0.02% of loans held for investment, at March 31, 2025, and $17.9 million, or 0.14% of loans held for investment, at June 30, 2024.

Classified loans totaled $89.1 million, or 0.75% of loans held for investment, at June 30, 2025, compared to $89.2 million, or 0.74% of loans held for investment, at March 31, 2025, and $183.8 million, or 1.47% of loans held for investment, at June 30, 2024.

------

The following table presents the asset quality metrics of the loan portfolio as of the dates indicated.

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| | | | |
|:---|:---|:---|:---|
| | **June 30,** | **March 31,** | **June 30,** |
| <u>(Dollars in thousands)</u> | **2025** | **2025** | **2024** |
| **Asset quality** |  |  |  |
| &nbsp;&nbsp;&nbsp;Nonaccrual loans - held for investment | $26301 | $27693 | $52119 |
| &nbsp;&nbsp;&nbsp;Other real estate owned |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Nonperforming assets | $26301 | $27693 | $52119 |
| &nbsp;&nbsp;Total classified assets <sup>(1)</sup> | $89120 | $89185 | $183833 |
| &nbsp;&nbsp;&nbsp;Allowance for credit losses | 170663 | 174967 | 183803 |
| &nbsp;&nbsp;&nbsp;Allowance for credit losses as a percent of total nonperforming loans | 649% | 632% | 353% |
| &nbsp;&nbsp;&nbsp;Nonperforming loans as a percent of loans held for investment | 0.22 | 0.23 | 0.42 |
| &nbsp;&nbsp;&nbsp;Nonperforming assets as a percent of total assets | 0.15 | 0.15 | 0.28 |
| &nbsp;&nbsp;&nbsp;Classified loans to total loans held for investment | 0.75 | 0.74 | 1.47 |
| &nbsp;&nbsp;&nbsp;Classified assets to total assets | 0.50 | 0.49 | 1.00 |
| &nbsp;&nbsp;Net loan (recoveries) charge-offs for the quarter ended | $(349) | $(343) | $10293 |
| &nbsp;&nbsp;Net loan (recoveries) charge-offs for the quarter to average total loans | —% | —% | 0.08% |
| &nbsp;&nbsp;Allowance for credit losses to loans held for investment <sup>(2)</sup> | 1.43 | 1.46 | 1.47 |
| **Delinquent loans** <sup>(3)</sup> |  |  |  |
| &nbsp;&nbsp;&nbsp;30 - 59 days | $689 | $300 | $4985 |
| &nbsp;&nbsp;&nbsp;60 - 89 days | 99 | 352 | 3289 |
| &nbsp;&nbsp;&nbsp;90+ days | 1259 | 1440 | 9649 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total delinquency | $2047 | $2092 | $17923 |
| Delinquency as a percentage of loans held for investment | 0.02% | 0.02% | 0.14% |

---

**<u>______________________________</u>**

<sup>(1)</sup> Includes substandard and doubtful loans, and other real estate owned.

<sup>(2)</sup> At June 30, 2025, 20% of loans held for investment include a fair value net discount of $29.5 million, or 0.25% of loans held for investment. At March 31, 2025, 21% of loans held for investment include a fair value net discount of $31.3 million, or 0.26% of loans held for investment. At June 30, 2024, 25% of loans held for investment include a fair value net discount of $38.6 million, or 0.31% of loans held for investment.

<sup>(3)</sup> Nonaccrual loans are included in this aging analysis based on the loan's past due status.

*Investment Securities*

At June 30, 2025, available-for-sale ("AFS") and held-to-maturity ("HTM") investment securities were $1.58 billion and $1.69 billion, respectively, compared to $1.76 billion and $1.70 billion, respectively, at March 31, 2025, and $1.32 billion and $1.71 billion, respectively, at June 30, 2024.

In total, investment securities were $3.27 billion at June 30, 2025, a decrease of $188.9 million from March 31, 2025, and an increase of $239.4 million from June 30, 2024. The decrease in the second quarter of 2025 compared to the prior quarter was primarily due to principal payments, amortization and accretion, and redemptions totaling $288.4 million, partially offset by purchases of $99.4 million in shorter-term AFS U.S. Treasury securities and an improvement of $135,000 in AFS investment securities mark-to-market unrealized loss.

The increase in investment securities from June 30, 2024 was the result of $1.14 billion in purchases of primarily AFS securities and, to a lesser extent, HTM securities, and an improvement of $20.2 million in AFS securities mark-to-market unrealized loss, partially offset by principal payments, amortization and accretion, and redemptions totaling $919.1 million.

------

*Deposits*

At June 30, 2025, total deposits were $14.50 billion, a decrease of $168.9 million, or 1.2%, from March 31, 2025, and a decrease of $130.3 million, or 0.9%, from June 30, 2024. The decrease from the prior quarter was primarily driven by decreases of $139.3 million in noninterest-bearing checking, $106.2 million in maturity deposits, primarily driven by a $99.9 million reduction in brokered certificates of deposit, and $44.7 million in interest-bearing checking, partially offset by an increase of $121.4 million in money market and savings.

The decrease from June 30, 2024 was attributable to decreases of $283.8 million in brokered certificates of deposit and $147.7 million in retail certificates of deposit, partially offset by an increase of $191.1 million in money market and savings, $71.7 million in noninterest-bearing checking, and $38.5 million in interest-bearing checking.

At June 30, 2025, non-maturity deposits<sup>(1)</sup> totaled $12.54 billion, or 86.5% of total deposits, a decrease of $62.6 million, or 0.5%, from March 31, 2025, and an increase of $301.2 million, or 2.5%, from June 30, 2024.

At June 30, 2025, maturity deposits totaled $1.96 billion, a decrease of $106.2 million, or 5.1%, from March 31, 2025, and a decrease of $431.5 million, or 18.0%, from June 30, 2024.

The weighted average cost of total deposits for the second quarter of 2025 decreased to 1.60%, compared to 1.65% for the first quarter of 2025, and 1.73% for the second quarter of 2024. The weighted average cost of non-maturity deposits<sup>(1)</sup> for the second quarter of 2025 was 1.21%, compared to 1.20% for the first quarter of 2025, and 1.17% for the second quarter of 2024.

At June 30, 2025, the end-of-period weighted average rate of total deposits was 1.60%, compared to 1.61% at March 31, 2025, and 1.81% at June 30, 2024. At June 30, 2025, the end-of-period weighted average rate of non-maturity deposits was 1.24%, compared to 1.19% at March 31, 2025, and 1.25% at June 30, 2024.

**<u>______________________________</u>**

<sup>(1)</sup> Reconciliations of the non-GAAP measures are set forth at the end of this press release.

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The following table presents the composition of deposits as of the dates indicated.

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| | | | |
|:---|:---|:---|:---|
| | **June 30,** | **March 31,** | **June 30,** |
| <u>(Dollars in thousands)</u> | **2025** | **2025** | **2024** |
| **Deposit accounts** |  |  |  |
| &nbsp;&nbsp;&nbsp;Noninterest-bearing checking | $4687795 | $4827093 | $4616124 |
| &nbsp;&nbsp;&nbsp;Interest-bearing: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Checking | 2814687 | 2859411 | 2776212 |
| &nbsp;&nbsp;&nbsp;&nbsp;Money market/savings | 5035658 | 4914248 | 4844585 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total non-maturity deposits <sup>(1)</sup> | 12538140 | 12600752 | 12236921 |
| &nbsp;&nbsp;&nbsp;&nbsp;Retail certificates of deposit | 1758846 | 1765235 | 1906552 |
| &nbsp;&nbsp;&nbsp;&nbsp;Wholesale/brokered certificates of deposit | 200387 | 300245 | 484181 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total maturity deposits | 1959233 | 2065480 | 2390733 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total deposits | $14497373 | $14666232 | $14627654 |
| Cost of deposits | 1.60% | 1.65% | 1.73% |
| Cost of non-maturity deposits <sup>(1)</sup> | 1.21 | 1.20 | 1.17 |
| Noninterest-bearing deposits as a percent of total deposits | 32.3 | 32.9 | 31.6 |
| Non-maturity deposits <sup>(1)</sup> as a percent of total deposits  | 86.5 | 85.9 | 83.7 |

---

**<u>______________________________</u>**

<sup>(1)</sup> Reconciliations of the non-GAAP measures are set forth at the end of this press release.

*Borrowings*

At June 30, 2025, total borrowings amounted to $124.0 million, a decrease of $148.6 million from March 31, 2025, and a decrease of $408.1 million from June 30, 2024. Total borrowings at June 30, 2025 were comprised of $124.0 million of subordinated notes. The decrease in borrowings at June 30, 2025 as compared to March 31, 2025 was due to the early redemption of $150.0 million in subordinated notes. The decrease in borrowings at June 30, 2025 as compared to June 30, 2024 was due to a decrease of $200.0 million in FHLB term advances, the early redemption of $150.0 million in subordinated notes during this quarter, and the maturity of $60.0 million in subordinated notes in 2024.

As of June 30, 2025, our unused borrowing capacity was $9.15 billion, which consists of available lines of credit with FHLB and other correspondent banks, as well as access through the Federal Reserve Bank's discount window, none of which were utilized during the second quarter of 2025.

*Capital Ratios*

At June 30, 2025, our common stockholders' equity was $2.98 billion, or 16.73% of total assets, compared with $2.97 billion, or 16.41%, at March 31, 2025, and $2.92 billion, or 15.95%, at June 30, 2024. At June 30, 2025, the ratio of tangible common equity to tangible assets<sup>(1)</sup> increased 27 basis points and 73 basis points to 12.14%, compared with 11.87% at March 31, 2025, and 11.41% at June 30, 2024, respectively. Tangible book value per share<sup>(1)</sup> increased $0.12 and $0.52 to $21.10, compared with $20.98 at March 31, 2025, and $20.58 at June 30, 2024, respectively.

**<u>______________________________</u>**

<sup>(1)</sup> Reconciliations of the non-GAAP measures are set forth at the end of this press release.

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Effective January 1, 2025, the full effect of current expected credit losses ("CECL") on regulatory capital over the five-year transition period was phased in. At June 30, 2025, the Company and Bank were in compliance with the capital conservation buffer requirement and exceeded the minimum Common Equity Tier 1, Tier 1, and total capital ratios, inclusive of the fully phased-in capital conservation buffer of 7.0%, 8.5%, and 10.5%, respectively, and the Bank qualified as "well capitalized" for purposes of the federal bank regulatory prompt corrective action regulations.

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| | | | |
|:---|:---|:---|:---|
|<br>**Capital ratios** | **June 30,**<br>**2025** | **March 31,**<br>**2025** | **June 30,**<br>**2024** |
| **Pacific Premier Bancorp, Inc. Consolidated** |  |  |  |
| &nbsp;&nbsp;&nbsp;Tier 1 leverage ratio | 12.40% | 12.30% | 11.87% |
| &nbsp;&nbsp;&nbsp;Common equity tier 1 capital ratio | 17.00 | 16.99 | 15.89 |
| &nbsp;&nbsp;&nbsp;Tier 1 capital ratio | 17.00 | 16.99 | 15.89 |
| &nbsp;&nbsp;&nbsp;Total capital ratio | 18.85 | 20.23 | 19.01 |
| &nbsp;&nbsp;Tangible common equity ratio <sup>(1)</sup> | 12.14 | 11.87 | 11.41 |
| **Pacific Premier Bank** |  |  |  |
| &nbsp;&nbsp;&nbsp;Tier 1 leverage ratio | 12.84% | 13.62% | 13.42% |
| &nbsp;&nbsp;&nbsp;Common equity tier 1 capital ratio | 17.60 | 18.81 | 17.97 |
| &nbsp;&nbsp;&nbsp;Tier 1 capital ratio | 17.60 | 18.81 | 17.97 |
| &nbsp;&nbsp;&nbsp;Total capital ratio | 18.85 | 20.07 | 19.22 |
| **Share data** |  |  |  |
| &nbsp;&nbsp;&nbsp;Book value per share | $30.67 | $30.57 | $30.32 |
| &nbsp;&nbsp;Tangible book value per share <sup>(1)</sup> | 21.10 | 20.98 | 20.58 |
| &nbsp;&nbsp;&nbsp;Common equity dividends declared per share | 0.33 | 0.33 | 0.33 |
| &nbsp;&nbsp;Closing stock price <sup>(2)</sup> | 21.09 | 21.32 | 22.97 |
| &nbsp;&nbsp;&nbsp;Shares issued and outstanding | 97019910 | 97069001 | 96434047 |
| &nbsp;&nbsp;Market capitalization <sup>(2)(3)</sup> | $2046150 | $2069511 | $2215090 |

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**<u>______________________________</u>**

<sup>(1)</sup> Reconciliations of the non-GAAP measures are set forth at the end of this press release.

<sup>(2)</sup> As of the last trading day prior to period end.

<sup>(3)</sup> Dollars in thousands.

*Dividend and Stock Repurchase Program*

On July 23, 2025, the Company's Board of Directors declared a $0.33 per share dividend, payable on August 15, 2025 to stockholders of record as of August 5, 2025. In January 2021, the Company's Board of Directors approved a stock repurchase program, which authorized the repurchase of up to 4,725,000 shares of its common stock. During the second quarter of 2025, the Company did not repurchase any shares of common stock.

*Subsequent events*

On July 14, 2025, the Company's Board of Directors approved the early redemption of $125.0 million in subordinated notes due 2029 on or around August 15, 2025.

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*About Pacific Premier Bancorp, Inc.*

Pacific Premier Bancorp, Inc. (Nasdaq: PPBI) is the parent company of Pacific Premier Bank, National Association, a nationally chartered commercial bank focused on serving small, middle-market, and corporate businesses throughout the western United States in major metropolitan markets in California, Washington, Oregon, Arizona, and Nevada. Founded in 1983, Pacific Premier Bank has grown to become one of the largest banks headquartered in the western region of the United States, with approximately $18 billion in total assets. Pacific Premier Bank provides banking products and services, including deposit accounts, digital banking, and treasury management services, to businesses, professionals, entrepreneurs, real estate investors, and nonprofit organizations. Pacific Premier Bank also offers a wide array of loan products, such as commercial business loans, lines of credit, SBA loans, commercial real estate loans, agribusiness loans, franchise lending, home equity lines of credit, and construction loans. Pacific Premier Bank offers commercial escrow services and facilitates 1031 Exchange transactions through its Commerce Escrow division. Pacific Premier Bank offers clients IRA custodial services through its Pacific Premier Trust division, which has over $18 billion of assets under custody and close to 30,000 client accounts comprised of self-directed investors, financial institutions, capital syndicators, and financial advisors. Additionally, Pacific Premier Bank provides nationwide customized banking solutions to Homeowners' Associations and Property Management companies. Pacific Premier Bank is an Equal Housing Lender and Member FDIC. For additional information about Pacific Premier Bancorp, Inc. and Pacific Premier Bank, visit our website: www.ppbi.com.

**FORWARD-LOOKING STATEMENTS**

The statements contained herein 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 the Company including, without limitation, plans, strategies and goals, and statements about the Company's expectations regarding revenue and asset growth, financial performance and profitability, loan and deposit growth, yields and returns, loan diversification and credit management, stockholder value creation, tax rates, liquidity, and the impact of acquisitions we have made or may make.

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 ("U.S.") economy in general and the strength of the local economies in which we conduct operations; adverse developments in the banking industry, for example the high-profile bank failures in 2023, and the potential impact of such developments on customer confidence, liquidity, and regulatory responses to these developments; 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; interest rate, liquidity, economic, market, credit, operational, and inflation risks associated with our business, including the speed and predictability of changes in these risks; our ability to attract and retain deposits and access to other sources of liquidity, particularly in a rising or high interest rate environment, and the quality and composition of our deposits; business and economic conditions generally and in the financial services industry, nationally and within our current and future geographic markets, including the labor market, ineffective management of the U.S. Federal budget or debt, fluctuations in the real estate market, or turbulence or uncertainty in domestic or foreign financial markets; the effect of acquisitions we have made or may make, including, without limitation, the failure to achieve the expected revenue growth and/or expense savings from such acquisitions, and/or the failure to effectively integrate an acquisition target into our operations; the timely development of competitive new products and services and the acceptance of these products and services by new and existing customers; possible impairment charges to goodwill, including any impairment that may result from increased volatility in our stock price; the impact of changes in financial services policies, laws, and regulations, including those concerning taxes, banking, securities, and insurance, and the application thereof by regulatory bodies; compliance risks, including any increased costs of monitoring, testing, and maintaining compliance with complex laws and regulations; the effectiveness of our risk management framework

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and quantitative models; the effect of changes in accounting policies and practices or accounting standards, as may be adopted from time-to-time by bank regulatory agencies, the U.S. Securities and Exchange Commission ("SEC"), the Public Company Accounting Oversight Board, the Financial Accounting Standards Board or other accounting standards setters; possible credit-related impairments of securities held by us; changes in the level of our nonperforming assets and charge-offs; the impact of governmental efforts to restructure or adjust the U.S. financial regulatory system; the impact of recent or future changes in the FDIC insurance assessment rate or the rules and regulations related to the calculation of the FDIC insurance assessment amount, including any special assessments; changes in consumer spending, borrowing, and savings habits; the effects of concentrations in our loan portfolio, including commercial real estate and the risks of geographic and industry concentrations; the possibility that we may reduce or discontinue the payments of dividends on our common stock; the possibility that we may discontinue, reduce or otherwise limit the level of repurchases of our common stock we may make from time to time pursuant to our stock repurchase program; changes in the financial performance and/or condition of our borrowers; changes in the competitive environment among financial and bank holding companies and other financial service providers; geopolitical conditions, including acts or threats of terrorism, actions taken by the United States or other governments in response to acts or threats of terrorism, and/or military conflicts, including the war between Russia and Ukraine and conflict in the Middle East, all of which could impact business and economic conditions in the United States and abroad; tariffs, trade policies, and related tensions, which could impact our clients, specific industry sectors and/or broader economic conditions and financial market; public health crises and pandemics and their effects on the economic and business environments in which we operate, including on our credit quality and business operations, as well as the impact on general economic and financial market conditions; cybersecurity threats and the cost of defending against them; climate change, including the enhanced regulatory, compliance, credit, and reputational risks and costs; natural disasters, earthquakes, fires, and severe weather; unanticipated regulatory, legal, or judicial proceedings; the possibility that the Company's pending merger with Columbia does not close when expected or at all because required regulatory or other approvals and other conditions to closing are not received or satisfied on a timely basis or at all; the possibility that the anticipated benefits and cost savings from the merger with Columbia may not be fully realized or may take longer to realize than expected; disruptions to the Company's business as a result of the announcement and pendency of the merger with Columbia; the possibility that the merger with Columbia may be more expensive to complete than anticipated, including as a result of unexpected factors or events; and our 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 2024 Annual Report on Form 10-K and quarterly report on Form 10-Q for the quarter ended March 31, 2025 filed with the SEC and available at the SEC's Internet site (http://www.sec.gov).

The Company undertakes no obligation to revise or publicly release any revision or update to these forward-looking statements to reflect events or circumstances that occur after the date on which such statements were made.

Contacts:

Pacific Premier Bancorp, Inc.

Steven R. Gardner

Chairman, Chief Executive Officer, and President

(949) 864-8000

Ronald J. Nicolas, Jr.

Senior Executive Vice President and Chief Financial Officer

(949) 864-8000

Matthew J. Lazzaro

Senior Vice President and Director of Investor Relations

(949) 243-1082

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **PACIFIC PREMIER BANCORP, INC. AND SUBSIDIARIES** | **PACIFIC PREMIER BANCORP, INC. AND SUBSIDIARIES** | **PACIFIC PREMIER BANCORP, INC. AND SUBSIDIARIES** | **PACIFIC PREMIER BANCORP, INC. AND SUBSIDIARIES** | **PACIFIC PREMIER BANCORP, INC. AND SUBSIDIARIES** | **PACIFIC PREMIER BANCORP, INC. AND SUBSIDIARIES** |
| **CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION** | **CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION** | **CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION** | **CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION** | **CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION** | **CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION** |
| (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) |
|  | **June 30,** | **March 31,** | **December 31,** | **September 30,** | **June 30,** |
| <u>(Dollars in thousands)</u> | **2025** | **2025** | **2024** | **2024** | **2024** |
| **ASSETS** |  |  |  |  |  |
| Cash and cash equivalents | $791137 | $768194 | $609330 | $982249 | $899817 |
| Interest-bearing time deposits with financial institutions | 1253 | 1253 | 1246 | 1246 | 996 |
| Investment securities held-to-maturity, at amortized cost, net of allowance for credit losses | 1687871 | 1700117 | 1711804 | 1713575 | 1710141 |
| Investment securities available-for-sale, at fair value | 1581731 | 1758340 | 1683215 | 1316546 | 1320050 |
| FHLB, FRB, and other stock | 97717 | 97729 | 97539 | 97336 | 97037 |
| Loans held for sale, at lower of amortized cost or fair value | 751 |  | 2315 |  | 140 |
| Loans held for investment | 11902079 | 12022978 | 12039741 | 12035097 | 12489951 |
| Allowance for credit losses | (170663) | (174967) | (178186) | (181248) | (183803) |
| &nbsp;&nbsp;&nbsp;Loans held for investment, net | 11731416 | 11848011 | 11861555 | 11853849 | 12306148 |
| Accrued interest receivable | 69455 | 69210 | 67953 | 64803 | 69629 |
| Premises and equipment, net | 45666 | 46765 | 48580 | 49807 | 52137 |
| Deferred income taxes, net | 93450 | 94083 | 100295 | 104564 | 108607 |
| Bank owned life insurance | 490770 | 487180 | 484952 | 481309 | 477694 |
| Intangible assets | 27127 | 29628 | 32194 | 34924 | 37686 |
| Goodwill | 901312 | 901312 | 901312 | 901312 | 901312 |
| Other assets | 263516 | 283761 | 301295 | 308123 | 350931 |
| &nbsp;&nbsp;&nbsp;Total assets | $17783172 | $18085583 | $17903585 | $17909643 | $18332325 |
| **LIABILITIES** |  |  |  |  |  |
| Deposit accounts: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Noninterest-bearing checking | $4687795 | $4827093 | $4617013 | $4639077 | $4616124 |
| &nbsp;&nbsp;&nbsp;Interest-bearing: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Checking | 2814687 | 2859411 | 2898810 | 2763353 | 2776212 |
| &nbsp;&nbsp;&nbsp;&nbsp;Money market/savings | 5035658 | 4914248 | 4837929 | 4805516 | 4844585 |
| &nbsp;&nbsp;&nbsp;&nbsp;Retail certificates of deposit | 1758846 | 1765235 | 1809818 | 1972962 | 1906552 |
| &nbsp;&nbsp;&nbsp;&nbsp;Wholesale/brokered certificates of deposit | 200387 | 300245 | 300132 | 300019 | 484181 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total interest-bearing | 9809578 | 9839139 | 9846689 | 9841850 | 10011530 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total deposits | 14497373 | 14666232 | 14463702 | 14480927 | 14627654 |
| FHLB advances and other borrowings |  |  |  |  | 200000 |
| Subordinated debentures | 124023 | 272579 | 272449 | 272320 | 332160 |
| Accrued expenses and other liabilities | 186358 | 179683 | 211691 | 212459 | 248747 |
| &nbsp;&nbsp;&nbsp;Total liabilities | 14807754 | 15118494 | 14947842 | 14965706 | 15408561 |
| **STOCKHOLDERS' EQUITY** |  |  |  |  |  |
| Common stock | 946 | 946 | 942 | 942 | 941 |
| Additional paid-in capital | 2400552 | 2394834 | 2395339 | 2389767 | 2383615 |
| Retained earnings | 639189 | 639321 | 635268 | 633350 | 629341 |
| Accumulated other comprehensive loss | (65269) | (68012) | (75806) | (80122) | (90133) |
| &nbsp;&nbsp;Total stockholders' equity | 2975418 | 2967089 | 2955743 | 2943937 | 2923764 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total liabilities and stockholders' equity | $17783172 | $18085583 | $17903585 | $17909643 | $18332325 |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **PACIFIC PREMIER BANCORP, INC. AND SUBSIDIARIES** | **PACIFIC PREMIER BANCORP, INC. AND SUBSIDIARIES** | **PACIFIC PREMIER BANCORP, INC. AND SUBSIDIARIES** | **PACIFIC PREMIER BANCORP, INC. AND SUBSIDIARIES** | **PACIFIC PREMIER BANCORP, INC. AND SUBSIDIARIES** | **PACIFIC PREMIER BANCORP, INC. AND SUBSIDIARIES** |
| **CONSOLIDATED STATEMENTS OF OPERATIONS** | **CONSOLIDATED STATEMENTS OF OPERATIONS** | **CONSOLIDATED STATEMENTS OF OPERATIONS** | **CONSOLIDATED STATEMENTS OF OPERATIONS** | **CONSOLIDATED STATEMENTS OF OPERATIONS** | **CONSOLIDATED STATEMENTS OF OPERATIONS** |
| (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) |
|  | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Six Months Ended** | **Six Months Ended** |
|  | **June 30,** | **March 31,** | **June 30,** | **June 30,** | **June 30,** |
| <u>(Dollars in thousands, except per share data)</u> | **2025** | **2025** | **2024** | **2025** | **2024** |
| **INTEREST INCOME** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Loans | $150419 | $148530 | $167547 | $298949 | $340522 |
| &nbsp;&nbsp;&nbsp;Investment securities and other interest-earning assets | 38762 | 38805 | 40507 | 77567 | 80963 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total interest income | 189181 | 187335 | 208054 | 376516 | 421485 |
| **INTEREST EXPENSE** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Deposits | 58376 | 59573 | 64229 | 117949 | 123735 |
| &nbsp;&nbsp;&nbsp;FHLB advances and other borrowings | 2 | 2 | 2330 | 4 | 6567 |
| &nbsp;&nbsp;&nbsp;Subordinated debentures | 4048 | 4393 | 5101 | 8441 | 9662 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total interest expense | 62426 | 63968 | 71660 | 126394 | 139964 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net interest income before provision for credit losses | 126755 | 123367 | 136394 | 250122 | 281521 |
| &nbsp;&nbsp;&nbsp;Provision for credit losses | (2078) | (3718) | 1265 | (5796) | 5117 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net interest income after provision for credit losses | 128833 | 127085 | 135129 | 255918 | 276404 |
| **NONINTEREST INCOME** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Loan servicing income | 472 | 447 | 510 | 919 | 1039 |
| &nbsp;&nbsp;&nbsp;Service charges on deposit accounts | 2578 | 2629 | 2710 | 5207 | 5398 |
| &nbsp;&nbsp;&nbsp;Other service fee income | 283 | 289 | 309 | 572 | 645 |
| &nbsp;&nbsp;&nbsp;Debit card interchange fee income | 935 | 834 | 925 | 1769 | 1690 |
| &nbsp;&nbsp;&nbsp;Earnings on bank owned life insurance | 4341 | 5772 | 4218 | 10113 | 8377 |
| &nbsp;&nbsp;&nbsp;Net gain from sales of loans | 23 | 90 | 65 | 113 | 65 |
| &nbsp;&nbsp;&nbsp;Trust custodial account fees | 8815 | 10307 | 8950 | 19122 | 19592 |
| &nbsp;&nbsp;&nbsp;Escrow and exchange fees | 774 | 672 | 702 | 1446 | 1398 |
| &nbsp;&nbsp;&nbsp;Other (loss) income | (656) | 425 | (167) | (231) | 5792 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total noninterest income | 17565 | 21465 | 18222 | 39030 | 43996 |
| **NONINTEREST EXPENSE** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Compensation and benefits | 53268 | 52812 | 53140 | 106080 | 107270 |
| &nbsp;&nbsp;&nbsp;Premises and occupancy | 8471 | 9716 | 10480 | 18187 | 21287 |
| &nbsp;&nbsp;&nbsp;Data processing | 7806 | 7976 | 7754 | 15782 | 15265 |
| &nbsp;&nbsp;&nbsp;Other real estate owned operations, net |  |  |  |  | 46 |
| &nbsp;&nbsp;&nbsp;FDIC insurance premiums | 1947 | 1996 | 1873 | 3943 | 4502 |
| &nbsp;&nbsp;&nbsp;Legal and professional services | 2223 | 4861 | 1078 | 7084 | 5221 |
| &nbsp;&nbsp;&nbsp;Marketing expense | 905 | 936 | 1724 | 1841 | 3282 |
| &nbsp;&nbsp;&nbsp;Office expense | 1006 | 1099 | 1077 | 2105 | 2170 |
| &nbsp;&nbsp;&nbsp;Loan expense | 829 | 781 | 840 | 1610 | 1610 |
| &nbsp;&nbsp;&nbsp;Deposit expense | 13644 | 12896 | 12289 | 26540 | 24954 |
| &nbsp;&nbsp;&nbsp;Merger-related expense | 6712 |  |  | 6712 |  |
| &nbsp;&nbsp;&nbsp;Amortization of intangible assets | 2501 | 2566 | 2763 | 5067 | 5599 |
| &nbsp;&nbsp;&nbsp;Other expense | 5064 | 4653 | 4549 | 9717 | 8994 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total noninterest expense | 104376 | 100292 | 97567 | 204668 | 200200 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net income before income taxes | 42022 | 48258 | 55784 | 90280 | 120200 |
| &nbsp;&nbsp;&nbsp;Income tax expense | 9961 | 12237 | 13879 | 22198 | 31270 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net income | $32061 | $36021 | $41905 | $68082 | $88930 |
| **EARNINGS PER SHARE** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Basic | $0.33 | $0.37 | $0.43 | $0.70 | $0.92 |
| &nbsp;&nbsp;&nbsp;Diluted | $0.33 | $0.37 | $0.43 | $0.70 | $0.92 |
| **WEIGHTED AVERAGE SHARES OUTSTANDING** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Basic | 95096632 | 94764879 | 94628201 | 94931672 | 94489230 |
| &nbsp;&nbsp;&nbsp;Diluted | 95132789 | 94820132 | 94716205 | 94968160 | 94597559 |

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**SELECTED FINANCIAL DATA**

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| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **PACIFIC PREMIER BANCORP, INC. AND SUBSIDIARIES** | **PACIFIC PREMIER BANCORP, INC. AND SUBSIDIARIES** | **PACIFIC PREMIER BANCORP, INC. AND SUBSIDIARIES** | **PACIFIC PREMIER BANCORP, INC. AND SUBSIDIARIES** | **PACIFIC PREMIER BANCORP, INC. AND SUBSIDIARIES** | **PACIFIC PREMIER BANCORP, INC. AND SUBSIDIARIES** | **PACIFIC PREMIER BANCORP, INC. AND SUBSIDIARIES** | **PACIFIC PREMIER BANCORP, INC. AND SUBSIDIARIES** | **PACIFIC PREMIER BANCORP, INC. AND SUBSIDIARIES** | **PACIFIC PREMIER BANCORP, INC. AND SUBSIDIARIES** |
| **CONSOLIDATED AVERAGE BALANCES AND YIELD DATA** | **CONSOLIDATED AVERAGE BALANCES AND YIELD DATA** | **CONSOLIDATED AVERAGE BALANCES AND YIELD DATA** | **CONSOLIDATED AVERAGE BALANCES AND YIELD DATA** | **CONSOLIDATED AVERAGE BALANCES AND YIELD DATA** | **CONSOLIDATED AVERAGE BALANCES AND YIELD DATA** | **CONSOLIDATED AVERAGE BALANCES AND YIELD DATA** | **CONSOLIDATED AVERAGE BALANCES AND YIELD DATA** | **CONSOLIDATED AVERAGE BALANCES AND YIELD DATA** | **CONSOLIDATED AVERAGE BALANCES AND YIELD DATA** |
| (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) |
|  | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** |
|  | **June 30, 2025** | **June 30, 2025** | **June 30, 2025** | **March 31, 2025** | **March 31, 2025** | **March 31, 2025** | **June 30, 2024** | **June 30, 2024** | **June 30, 2024** |
| <u>(Dollars in thousands)</u> | **Average Balance** | **Interest Income/Expense** | **Average Yield/Cost** | **Average Balance** | **Interest Income/Expense** | **Average Yield/Cost** | **Average Balance** | **Interest Income/Expense** | **Average Yield/Cost** |
| **Assets** |  |  |  |  |  |  |  |  |  |
| Interest-earning assets: |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Cash and cash equivalents | $815636 | $7649 | 3.76% | $882266 | $8279 | 3.81% | $1134736 | $13666 | 4.84% |
| &nbsp;&nbsp;&nbsp;Investment securities | 3552016 | 31113 | 3.50 | 3483680 | 30526 | 3.51 | 2964909 | 26841 | 3.62 |
| &nbsp;&nbsp;&nbsp;Loans receivable, net <sup>(1)(2)</sup> | 11923558 | 150419 | 5.06 | 11981726 | 148530 | 5.03 | 12724545 | 167547 | 5.30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total interest-earning assets | 16291210 | 189181 | 4.66 | 16347672 | 187335 | 4.65 | 16824190 | 208054 | 4.97 |
| Noninterest-earning assets | 1727247 |  |  | 1739316 |  |  | 1771493 |  |  |
| &nbsp;&nbsp;&nbsp;Total assets | $18018457 |  |  | $18086988 |  |  | $18595683 |  |  |
| **Liabilities and equity** |  |  |  |  |  |  |  |  |  |
| Interest-bearing deposits: |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Interest checking | $2864330 | $10611 | 1.49% | $2880017 | $10669 | 1.50% | $2747972 | $10177 | 1.49% |
| &nbsp;&nbsp;&nbsp;Money market | 4728738 | 26983 | 2.29 | 4705209 | 26358 | 2.27 | 4724572 | 26207 | 2.23 |
| &nbsp;&nbsp;&nbsp;Savings | 251700 | 212 | 0.34 | 258789 | 245 | 0.38 | 271812 | 224 | 0.33 |
| &nbsp;&nbsp;&nbsp;Retail certificates of deposit | 1747641 | 16950 | 3.89 | 1780043 | 18512 | 4.22 | 1830516 | 21115 | 4.64 |
| &nbsp;&nbsp;&nbsp;Wholesale/brokered certificates of deposit | 283812 | 3620 | 5.12 | 300424 | 3789 | 5.11 | 542699 | 6506 | 4.82 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total interest-bearing deposits | 9876221 | 58376 | 2.37 | 9924482 | 59573 | 2.43 | 10117571 | 64229 | 2.55 |
| &nbsp;&nbsp;&nbsp;FHLB advances and other borrowings | 154 | 2 | 5.21 | 211 | 2 | 3.84 | 200154 | 2330 | 4.68 |
| &nbsp;&nbsp;&nbsp;Subordinated debentures | 248151 | 4048 | 6.48 | 272528 | 4393 | 6.45 | 332097 | 5101 | 6.14 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total borrowings | 248305 | 4050 | 6.48 | 272739 | 4395 | 6.44 | 532251 | 7431 | 5.59 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total interest-bearing liabilities | 10124526 | 62426 | 2.47 | 10197221 | 63968 | 2.54 | 10649822 | 71660 | 2.71 |
| Noninterest-bearing deposits | 4733981 |  |  | 4710940 |  |  | 4824002 |  |  |
| Other liabilities | 195901 |  |  | 221981 |  |  | 213844 |  |  |
| &nbsp;&nbsp;&nbsp;Total liabilities | 15054408 |  |  | 15130142 |  |  | 15687668 |  |  |
| Stockholders' equity | 2964049 |  |  | 2956846 |  |  | 2908015 |  |  |
| &nbsp;&nbsp;&nbsp;Total liabilities and equity | $18018457 |  |  | $18086988 |  |  | $18595683 |  |  |
| Net interest income |  | $126755 |  |  | $123367 |  |  | $136394 |  |
| Net interest margin <sup>(3)</sup> |  |  | 3.12% |  |  | 3.06% |  |  | 3.26% |
| Cost of deposits <sup>(4)</sup> |  |  | 1.60 |  |  | 1.65 |  |  | 1.73 |
| Cost of funds <sup>(5)</sup> |  |  | 1.69 |  |  | 1.74 |  |  | 1.86 |
| Cost of non-maturity deposits <sup>(6)</sup> |  |  | 1.21 |  |  | 1.20 |  |  | 1.17 |
| Ratio of interest-earning assets to interest-bearing liabilities | Ratio of interest-earning assets to interest-bearing liabilities | Ratio of interest-earning assets to interest-bearing liabilities | 160.91 |  |  | 160.31 |  |  | 157.98 |

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**<u>______________________________</u>**

<sup>(1)</sup> Average balance includes loans held for sale and nonperforming loans and is net of deferred loan origination fees/costs, discounts/premiums, and the basis adjustment of certain loans included in fair value hedging relationships.

<sup>(2)</sup> Interest income includes fair value net discount accretion of $1.8 million, $1.9 million, and $2.3 million for the three months ended June 30, 2025, March 31, 2025, and June 30, 2024, respectively.

<sup>(3)</sup> Represents annualized net interest income divided by average interest-earning assets.

<sup>(4)</sup> Represents annualized interest expense on deposits divided by the sum of average interest-bearing deposits and noninterest-bearing deposits.

<sup>(5)</sup> Represents annualized total interest expense divided by the sum of average total interest-bearing liabilities and noninterest-bearing deposits.

<sup>(6)</sup> Reconciliations of the non-GAAP measures are set forth at the end of this press release.

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **PACIFIC PREMIER BANCORP, INC. AND SUBSIDIARIES** | **PACIFIC PREMIER BANCORP, INC. AND SUBSIDIARIES** | **PACIFIC PREMIER BANCORP, INC. AND SUBSIDIARIES** | **PACIFIC PREMIER BANCORP, INC. AND SUBSIDIARIES** | **PACIFIC PREMIER BANCORP, INC. AND SUBSIDIARIES** | **PACIFIC PREMIER BANCORP, INC. AND SUBSIDIARIES** |
| **LOAN PORTFOLIO COMPOSITION** | **LOAN PORTFOLIO COMPOSITION** | **LOAN PORTFOLIO COMPOSITION** | **LOAN PORTFOLIO COMPOSITION** | **LOAN PORTFOLIO COMPOSITION** | **LOAN PORTFOLIO COMPOSITION** |
| (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) |
|  | **June 30,** | **March 31,** | **December 31,** | **September 30,** | **June 30,** |
| <u>(Dollars in thousands)</u> | **2025** | **2025** | **2024** | **2024** | **2024** |
| **Investor loans secured by real estate** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;CRE non-owner-occupied | $2084781 | $2111115 | $2131112 | $2202268 | $2245474 |
| &nbsp;&nbsp;&nbsp;Multifamily | 5255040 | 5307484 | 5326009 | 5388847 | 5473606 |
| &nbsp;&nbsp;&nbsp;Construction and land | 302781 | 302730 | 379143 | 445146 | 453799 |
| &nbsp;&nbsp;SBA secured by real estate <sup>(1)</sup> | 27405 | 27571 | 28777 | 32228 | 33245 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total investor loans secured by real estate | 7670007 | 7748900 | 7865041 | 8068489 | 8206124 |
| **Business loans secured by real estate** <sup>(2)</sup> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;CRE owner-occupied | 1918031 | 1962531 | 1995144 | 2038583 | 2096485 |
| &nbsp;&nbsp;&nbsp;Franchise real estate secured | 227080 | 238870 | 255694 | 264696 | 274645 |
| &nbsp;&nbsp;SBA secured by real estate <sup>(3)</sup> | 39263 | 42227 | 43978 | 43943 | 46543 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total business loans secured by real estate | 2184374 | 2243628 | 2294816 | 2347222 | 2417673 |
| **Commercial loans** <sup>(4)</sup> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Commercial and industrial | 1643977 | 1609225 | 1486340 | 1316517 | 1554735 |
| &nbsp;&nbsp;&nbsp;Franchise non-real estate secured | 180708 | 194454 | 213357 | 237702 | 257516 |
| &nbsp;&nbsp;&nbsp;SBA non-real estate secured | 7472 | 7546 | 8086 | 8407 | 10346 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total commercial loans | 1832157 | 1811225 | 1707783 | 1562626 | 1822597 |
| **Retail loans** |  |  |  |  |  |
| &nbsp;&nbsp;Single family residential <sup>(5)</sup> | 224483 | 230262 | 186739 | 71552 | 70380 |
| &nbsp;&nbsp;&nbsp;Consumer | 1658 | 1964 | 1804 | 1361 | 1378 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total retail loans | 226141 | 232226 | 188543 | 72913 | 71758 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Loans held for investment before basis adjustment <sup>(6)</sup> | 11912679 | 12035979 | 12056183 | 12051250 | 12518152 |
| Basis adjustment associated with fair value hedge <sup>(7)</sup> | (10600) | (13001) | (16442) | (16153) | (28201) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Loans held for investment | 11902079 | 12022978 | 12039741 | 12035097 | 12489951 |
| Allowance for credit losses for loans held for investment | (170663) | (174967) | (178186) | (181248) | (183803) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Loans held for investment, net | $11731416 | $11848011 | $11861555 | $11853849 | $12306148 |
| Loans held for sale, at lower of cost or fair value | $751 | $— | $2315 | $— | $140 |

---

**<u>______________________________</u>**

<sup>(1)</sup> SBA loans that are collateralized by hotel/motel real property.

<sup>(2)</sup> Loans to businesses that are collateralized by real estate where the operating cash flow of the business is the primary source of repayment.

<sup>(3)</sup> SBA loans that are collateralized by real property other than hotel/motel real property.

<sup>(4)</sup> Loans to businesses where the operating cash flow of the business is the primary source of repayment.

<sup>(5)</sup> Single family residential includes home equity lines of credit, as well as second trust deeds.

<sup>(6)</sup> Includes unamortized net purchase premiums of $11.2 million, $11.6 million, $9.1 million, $3.7 million, and $3.8 million, net deferred origination (fees) costs of $(103,000), $850,000, $1.1 million, $1.5 million, and $1.4 million, and unaccreted fair value net purchase discounts of $29.5 million, $31.3 million, $33.2 million, $35.9 million, and $38.6 million as of June 30, 2025, March 31, 2025, December 31, 2024, September 30, 2024, and June 30, 2024, respectively.

<sup>(7)</sup> Represents the basis adjustment associated with the application of hedge accounting on certain loans.

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **PACIFIC PREMIER BANCORP, INC. AND SUBSIDIARIES** | **PACIFIC PREMIER BANCORP, INC. AND SUBSIDIARIES** | **PACIFIC PREMIER BANCORP, INC. AND SUBSIDIARIES** | **PACIFIC PREMIER BANCORP, INC. AND SUBSIDIARIES** | **PACIFIC PREMIER BANCORP, INC. AND SUBSIDIARIES** | **PACIFIC PREMIER BANCORP, INC. AND SUBSIDIARIES** |
| **ASSET QUALITY INFORMATION** | **ASSET QUALITY INFORMATION** | **ASSET QUALITY INFORMATION** | **ASSET QUALITY INFORMATION** | **ASSET QUALITY INFORMATION** | **ASSET QUALITY INFORMATION** |
| (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) |
|  | **June 30,** | **March 31,** | **December 31,** | **September 30,** | **June 30,** |
| <u>(Dollars in thousands)</u> | **2025** | **2025** | **2024** | **2024** | **2024** |
| **Asset quality** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Nonaccrual loans - held for investment | $26301 | $27693 | $28031 | $39084 | $52119 |
| &nbsp;&nbsp;&nbsp;Nonaccrual loans - held for sale |  |  | 825 |  |  |
| &nbsp;&nbsp;&nbsp;Other real estate owned |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Nonperforming assets | $26301 | $27693 | $28856 | $39084 | $52119 |
| &nbsp;&nbsp;Total classified assets <sup>(1)</sup> | $89120 | $89185 | $107074 | $120484 | $183833 |
| &nbsp;&nbsp;&nbsp;Allowance for credit losses | 170663 | 174967 | 178186 | 181248 | 183803 |
| &nbsp;&nbsp;&nbsp;Allowance for credit losses as a percent of total nonperforming loans | 649% | 632% | 636% | 464% | 353% |
| &nbsp;&nbsp;&nbsp;Nonperforming loans as a percent of loans held for investment | 0.22 | 0.23 | 0.23 | 0.32 | 0.42 |
| &nbsp;&nbsp;&nbsp;Nonperforming assets as a percent of total assets | 0.15 | 0.15 | 0.16 | 0.22 | 0.28 |
| &nbsp;&nbsp;&nbsp;Classified loans to total loans held for investment | 0.75 | 0.74 | 0.88 | 1.00 | 1.47 |
| &nbsp;&nbsp;&nbsp;Classified assets to total assets | 0.50 | 0.49 | 0.60 | 0.67 | 1.00 |
| &nbsp;&nbsp;Net loan (recoveries) charge-offs for the quarter ended | $(349) | $(343) | $1430 | $2306 | $10293 |
| &nbsp;&nbsp;Net loan (recoveries) charge-offs for the quarter to average total loans  | —% | —% | 0.01% | 0.02% | 0.08% |
| &nbsp;&nbsp;Allowance for credit losses to loans held for investment <sup>(2)</sup> | 1.43 | 1.46 | 1.48 | 1.51 | 1.47 |
| **Delinquent loans** <sup>(3)</sup> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;30 - 59 days | $689 | $300 | $1009 | $2008 | $4985 |
| &nbsp;&nbsp;&nbsp;60 - 89 days | 99 | 352 | 349 | 715 | 3289 |
| &nbsp;&nbsp;&nbsp;90+ days | 1259 | 1440 | 1261 | 7143 | 9649 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total delinquency | $2047 | $2092 | $2619 | $9866 | $17923 |
| Delinquency as a percent of loans held for investment | 0.02% | 0.02% | 0.02% | 0.08% | 0.14% |

---

**<u>______________________________</u>**

<sup>(1)</sup> Includes substandard and doubtful loans, and other real estate owned.

<sup>(2)</sup> At June 30, 2025, 20% of loans held for investment include a fair value net discount of $29.5 million, or 0.25% of loans held for investment. At March 31, 2025, 21% of loans held for investment include a fair value net discount of $31.3 million, or 0.26% of loans held for investment. At December 31, 2024, 22% of loans held for investment include a fair value net discount of $33.2 million, or 0.28% of loans held for investment. At September 30, 2024, 24% of loans held for investment include a fair value net discount of $35.9 million, or 0.30% of loans held for investment. At June 30, 2024, 25% of loans held for investment include a fair value net discount of $38.6 million, or 0.31% of loans held for investment.

<sup>(3)</sup> Nonaccrual loans are included in this aging analysis based on the loan's past due status.

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **PACIFIC PREMIER BANCORP, INC. AND SUBSIDIARIES** | **PACIFIC PREMIER BANCORP, INC. AND SUBSIDIARIES** | **PACIFIC PREMIER BANCORP, INC. AND SUBSIDIARIES** | **PACIFIC PREMIER BANCORP, INC. AND SUBSIDIARIES** | **PACIFIC PREMIER BANCORP, INC. AND SUBSIDIARIES** | **PACIFIC PREMIER BANCORP, INC. AND SUBSIDIARIES** | **PACIFIC PREMIER BANCORP, INC. AND SUBSIDIARIES** |
| **NONACCRUAL LOANS** <sup>(1)</sup> | **NONACCRUAL LOANS** <sup>(1)</sup> | **NONACCRUAL LOANS** <sup>(1)</sup> | **NONACCRUAL LOANS** <sup>(1)</sup> | **NONACCRUAL LOANS** <sup>(1)</sup> | **NONACCRUAL LOANS** <sup>(1)</sup> | **NONACCRUAL LOANS** <sup>(1)</sup> |
| (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) |
| <u>(Dollars in thousands)</u> | **Collateral Dependent Loans** | **ACL** | **Non-Collateral Dependent Loans** | **ACL** | **Total Nonaccrual Loans** | **Nonaccrual Loans With No ACL** |
| **June 30, 2025** |  |  |  |  |  |  |
| **Investor loans secured by real estate** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;CRE non-owner-occupied | $14805 | $— | $— | $— | $14805 | $14805 |
| &nbsp;&nbsp;SBA secured by real estate <sup>(2)</sup> | 380 |  |  |  | 380 | 380 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total investor loans secured by real estate | 15185 |  |  |  | 15185 | 15185 |
| **Commercial loans** <sup>(3)</sup> |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Commercial and industrial | 1241 | 484 | 9730 |  | 10971 | 10071 |
| &nbsp;&nbsp;&nbsp;SBA not secured by real estate | 18 |  |  |  | 18 | 18 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total commercial loans | 1259 | 484 | 9730 |  | 10989 | 10089 |
| **Retail loans** |  |  |  |  |  |  |
| &nbsp;&nbsp;Single family residential <sup>(4)</sup> | 127 |  |  |  | 127 | 127 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total retail loans | 127 |  |  |  | 127 | 127 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Totals nonaccrual loans | $16571 | $484 | $9730 | $— | $26301 | $25401 |

---

**<u>______________________________</u>**

<sup>(1)</sup> The ACL for nonaccrual loans is determined based on a discounted cash flow methodology unless the loan is considered collateral dependent. The ACL for collateral dependent loans is determined based on the estimated fair value of the underlying collateral.

<sup>(2)</sup> SBA loans that are collateralized by hotel/motel real property.

<sup>(3)</sup> Loans to businesses where the operating cash flow of the business is the primary source of repayment.

<sup>(4)</sup> Single family residential includes home equity lines of credit, as well as second trust deeds.

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **PACIFIC PREMIER BANCORP, INC. AND SUBSIDIARIES** | **PACIFIC PREMIER BANCORP, INC. AND SUBSIDIARIES** | **PACIFIC PREMIER BANCORP, INC. AND SUBSIDIARIES** | **PACIFIC PREMIER BANCORP, INC. AND SUBSIDIARIES** | **PACIFIC PREMIER BANCORP, INC. AND SUBSIDIARIES** | **PACIFIC PREMIER BANCORP, INC. AND SUBSIDIARIES** |
| **PAST DUE STATUS** | **PAST DUE STATUS** | **PAST DUE STATUS** | **PAST DUE STATUS** | **PAST DUE STATUS** | **PAST DUE STATUS** |
| (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) |
|  |  | **Days Past Due** <sup>(7)</sup> | **Days Past Due** <sup>(7)</sup> | **Days Past Due** <sup>(7)</sup> |  |
| <u>(Dollars in thousands)</u> | **Current** | **30-59** | **60-89** | **90+** | **Total** |
| **June 30, 2025** |  |  |  |  |  |
| **Investor loans secured by real estate** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;CRE non-owner-occupied | $2084781 | $— | $— | $— | $2084781 |
| &nbsp;&nbsp;&nbsp;Multifamily | 5255040 |  |  |  | 5255040 |
| &nbsp;&nbsp;&nbsp;Construction and land | 302781 |  |  |  | 302781 |
| &nbsp;&nbsp;SBA secured by real estate <sup>(1)</sup> | 27405 |  |  |  | 27405 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total investor loans secured by real estate | 7670007 |  |  |  | 7670007 |
| **Business loans secured by real estate** <sup>(2)</sup> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;CRE owner-occupied | 1918031 |  |  |  | 1918031 |
| &nbsp;&nbsp;&nbsp;Franchise real estate secured | 227080 |  |  |  | 227080 |
| &nbsp;&nbsp;SBA secured by real estate <sup>(3)</sup> | 39263 |  |  |  | 39263 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total business loans secured by real estate | 2184374 |  |  |  | 2184374 |
| **Commercial loans** <sup>(4)</sup> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Commercial and industrial | 1642337 | 300 | 99 | 1241 | 1643977 |
| &nbsp;&nbsp;&nbsp;Franchise non-real estate secured | 180708 |  |  |  | 180708 |
| &nbsp;&nbsp;&nbsp;SBA not secured by real estate | 7454 |  |  | 18 | 7472 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total commercial loans | 1830499 | 300 | 99 | 1259 | 1832157 |
| **Retail loans** |  |  |  |  |  |
| &nbsp;&nbsp;Single family residential <sup>(5)</sup> | 224094 | 389 |  |  | 224483 |
| &nbsp;&nbsp;&nbsp;Consumer loans | 1658 |  |  |  | 1658 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total retail loans | 225752 | 389 |  |  | 226141 |
| Loans held for investment before basis adjustment <sup>(6)</sup> | $11910632 | $689 | $99 | $1259 | $11912679 |

---

**<u>______________________________</u>**

<sup>(1)</sup> SBA loans that are collateralized by hotel/motel real property.

<sup>(2)</sup> Loans to businesses that are collateralized by real estate where the operating cash flow of the business is the primary source of repayment.

<sup>(3)</sup> SBA loans that are collateralized by real property other than hotel/motel real property.

<sup>(4)</sup> Loans to businesses where the operating cash flow of the business is the primary source of repayment.

<sup>(5)</sup> Single family residential includes home equity lines of credit, as well as second trust deeds.

<sup>(6)</sup> Excludes the basis adjustment of $10.6 million to the carrying amount of certain loans included in fair value hedging relationships.

<sup>(7)</sup> Nonaccrual loans are included in this aging analysis based on the loan's past due status.

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **PACIFIC PREMIER BANCORP, INC. AND SUBSIDIARIES** | **PACIFIC PREMIER BANCORP, INC. AND SUBSIDIARIES** | **PACIFIC PREMIER BANCORP, INC. AND SUBSIDIARIES** | **PACIFIC PREMIER BANCORP, INC. AND SUBSIDIARIES** | **PACIFIC PREMIER BANCORP, INC. AND SUBSIDIARIES** | **PACIFIC PREMIER BANCORP, INC. AND SUBSIDIARIES** |
| **CREDIT RISK GRADES** | **CREDIT RISK GRADES** | **CREDIT RISK GRADES** | **CREDIT RISK GRADES** | **CREDIT RISK GRADES** | **CREDIT RISK GRADES** |
| (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) |
| <u>(Dollars in thousands)</u> | **Pass** | **Special<br>Mention** | **Substandard** | **Doubtful** | **Total Gross<br>Loans** |
| **June 30, 2025** |  |  |  |  |  |
| **Investor loans secured by real estate** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;CRE non-owner-occupied | $2051123 | $6835 | $26823 | $— | $2084781 |
| &nbsp;&nbsp;&nbsp;Multifamily | 5242497 | 12543 |  |  | 5255040 |
| &nbsp;&nbsp;&nbsp;Construction and land | 267096 | 35685 |  |  | 302781 |
| &nbsp;&nbsp;SBA secured by real estate <sup>(1)</sup> | 18580 | 2379 | 6446 |  | 27405 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total investor loans secured by real estate | 7579296 | 57442 | 33269 |  | 7670007 |
| **Business loans secured by real estate** <sup>(2)</sup> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;CRE owner-occupied | 1817856 | 67553 | 32622 |  | 1918031 |
| &nbsp;&nbsp;&nbsp;Franchise real estate secured | 212707 | 12849 | 1524 |  | 227080 |
| &nbsp;&nbsp;SBA secured by real estate <sup>(3)</sup> | 35998 |  | 3265 |  | 39263 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total business loans secured by real estate | 2066561 | 80402 | 37411 |  | 2184374 |
| **Commercial loans** <sup>(4)</sup> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Commercial and industrial | 1614604 | 13699 | 12789 | 2885 | 1643977 |
| &nbsp;&nbsp;&nbsp;Franchise non-real estate secured | 178970 | 178 | 1560 |  | 180708 |
| &nbsp;&nbsp;&nbsp;SBA not secured by real estate | 6393 |  | 1079 |  | 7472 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total commercial loans | 1799967 | 13877 | 15428 | 2885 | 1832157 |
| **Retail loans** |  |  |  |  |  |
| &nbsp;&nbsp;Single family residential <sup>(5)</sup> | 224356 |  | 127 |  | 224483 |
| &nbsp;&nbsp;&nbsp;Consumer loans | 1658 |  |  |  | 1658 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total retail loans | 226014 |  | 127 |  | 226141 |
| Loans held for investment before basis adjustment <sup>(6)</sup> | $11671838 | $151721 | $86235 | $2885 | $11912679 |

---

**<u>______________________________</u>**

<sup>(1)</sup> SBA loans that are collateralized by hotel/motel real property.

<sup>(2)</sup> Loans to businesses that are collateralized by real estate where the operating cash flow of the business is the primary source of repayment.

<sup>(3)</sup> SBA loans that are collateralized by real property other than hotel/motel real property.

<sup>(4)</sup> Loans to businesses where the operating cash flow of the business is the primary source of repayment.

<sup>(5)</sup> Single family residential includes home equity lines of credit, as well as second trust deeds.

<sup>(6)</sup> Excludes the basis adjustment of $10.6 million to the carrying amount of certain loans included in fair value hedging relationships.

------

**GAAP TO NON-GAAP RECONCILIATIONS**

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| |
|:---|
| **PACIFIC PREMIER BANCORP, INC. AND SUBSIDIARIES** |
| (Unaudited) |
| The Company uses certain non-GAAP financial measures to provide meaningful supplemental information regarding the Company's operational performance and to enhance investors' overall understanding of such financial performance. 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 adjusted measures, this presentation may not be comparable to other similarly titled adjusted measures reported by other companies. |

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| | | | |
|:---|:---|:---|:---|
| For periods presented below, return on average assets excluding the FDIC special assessment is a non-GAAP financial measure derived from GAAP based amounts. We calculate this figure by excluding merger-related expense, the FDIC special assessment, and the related tax impact from net income. Management believes that the exclusion of such nonrecurring items from this financial measure provides useful information to gain an understanding of the operating results of our core business and a better comparison of financial performance. | For periods presented below, return on average assets excluding the FDIC special assessment is a non-GAAP financial measure derived from GAAP based amounts. We calculate this figure by excluding merger-related expense, the FDIC special assessment, and the related tax impact from net income. Management believes that the exclusion of such nonrecurring items from this financial measure provides useful information to gain an understanding of the operating results of our core business and a better comparison of financial performance. | For periods presented below, return on average assets excluding the FDIC special assessment is a non-GAAP financial measure derived from GAAP based amounts. We calculate this figure by excluding merger-related expense, the FDIC special assessment, and the related tax impact from net income. Management believes that the exclusion of such nonrecurring items from this financial measure provides useful information to gain an understanding of the operating results of our core business and a better comparison of financial performance. | For periods presented below, return on average assets excluding the FDIC special assessment is a non-GAAP financial measure derived from GAAP based amounts. We calculate this figure by excluding merger-related expense, the FDIC special assessment, and the related tax impact from net income. Management believes that the exclusion of such nonrecurring items from this financial measure provides useful information to gain an understanding of the operating results of our core business and a better comparison of financial performance. |
|  | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** |
|  | **June 30,** | **March 31,** | **June 30,** |
| <u>(Dollars in thousands)</u> | **2025** | **2025** | **2024** |
| Net income | $32061 | $36021 | $41905 |
| Add: FDIC special assessment | (25) | 25 | (161) |
| Add: merger-related expense | 6712 |  |  |
| Less: tax adjustment <sup>(1)</sup> | 1884 | 7 | (45) |
| &nbsp;&nbsp;&nbsp;Adjusted net income for average assets | $36864 | $36039 | $41789 |
| Average assets | $18018457 | $18086988 | $18595683 |
| ROAA (annualized) | 0.71% | 0.80% | 0.90% |
| Adjusted ROAA (annualized) | 0.82% | 0.80% | 0.90% |

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**<u>______________________________</u>**

<sup>(1)</sup> Adjusted by statutory tax rate

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| | | | |
|:---|:---|:---|:---|
| For periods presented below, return on average tangible common equity is a non-GAAP financial measure derived from GAAP-based amounts. We calculate this figure by excluding amortization of intangible assets expense from net income and excluding the average intangible assets and average goodwill from the average stockholders' equity during the periods indicated. Management believes that the exclusion of such items from this financial measure provides useful information to gain an understanding of the operating results of our core business. The adjusted net income, adjusted return on average equity, and adjusted return on average tangible common equity further exclude the nonrecurring items to provide a better comparison to the financial results of prior periods. | For periods presented below, return on average tangible common equity is a non-GAAP financial measure derived from GAAP-based amounts. We calculate this figure by excluding amortization of intangible assets expense from net income and excluding the average intangible assets and average goodwill from the average stockholders' equity during the periods indicated. Management believes that the exclusion of such items from this financial measure provides useful information to gain an understanding of the operating results of our core business. The adjusted net income, adjusted return on average equity, and adjusted return on average tangible common equity further exclude the nonrecurring items to provide a better comparison to the financial results of prior periods. | For periods presented below, return on average tangible common equity is a non-GAAP financial measure derived from GAAP-based amounts. We calculate this figure by excluding amortization of intangible assets expense from net income and excluding the average intangible assets and average goodwill from the average stockholders' equity during the periods indicated. Management believes that the exclusion of such items from this financial measure provides useful information to gain an understanding of the operating results of our core business. The adjusted net income, adjusted return on average equity, and adjusted return on average tangible common equity further exclude the nonrecurring items to provide a better comparison to the financial results of prior periods. | For periods presented below, return on average tangible common equity is a non-GAAP financial measure derived from GAAP-based amounts. We calculate this figure by excluding amortization of intangible assets expense from net income and excluding the average intangible assets and average goodwill from the average stockholders' equity during the periods indicated. Management believes that the exclusion of such items from this financial measure provides useful information to gain an understanding of the operating results of our core business. The adjusted net income, adjusted return on average equity, and adjusted return on average tangible common equity further exclude the nonrecurring items to provide a better comparison to the financial results of prior periods. |
|  | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** |
|  | **June 30,** | **March 31,** | **June 30,** |
| <u>(Dollars in thousands)</u> | **2025** | **2025** | **2024** |
| Net income | $32061 | $36021 | $41905 |
| Add: amortization of intangible assets expense | 2501 | 2566 | 2763 |
| Less: tax adjustment <sup>(1)</sup> | 705 | 723 | 781 |
| &nbsp;&nbsp;Net income for average tangible common equity | 33857 | 37864 | 43887 |
| Add: FDIC special assessment | (25) | 25 | (161) |
| Add: merger-related expense | 6712 |  |  |
| Less: tax adjustment <sup>(1)</sup> | 1884 | 7 | (45) |
| &nbsp;&nbsp;&nbsp;Adjusted net income for average tangible common equity | $38660 | $37882 | $43771 |
| Average stockholders' equity | $2964049 | $2956846 | $2908015 |
| Less: average intangible assets | 28613 | 31168 | 39338 |
| Less: average goodwill | 901312 | 901312 | 901312 |
| &nbsp;&nbsp;Adjusted average tangible common equity | $2034124 | $2024366 | $1967365 |
| ROAE (annualized) | 4.33% | 4.87% | 5.76% |
| Adjusted ROAE (annualized) | 4.97% | 4.88% | 5.75% |
| ROATCE (annualized) | 6.66% | 7.48% | 8.92% |
| Adjusted ROATCE (annualized) | 7.60% | 7.49% | 8.90% |

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**<u>_____________________________________</u>**

<sup>(1)</sup> Adjusted by statutory tax rate.

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| | | | |
|:---|:---|:---|:---|
| Efficiency ratio is a non-GAAP financial measure derived from GAAP-based amounts. This figure represents the ratio of noninterest expense, less amortization of intangible assets, merger-related expense, and other real estate owned operations, where applicable, to the sum of net interest income before provision for credit losses and total noninterest income less net gain from debt extinguishment. The adjusted efficiency ratio further excludes the FDIC special assessment to provide a better comparison to the financial results of prior periods. Management believes that the exclusion of such items from this financial measure provides useful information to gain an understanding of the operating results of our core business.  | Efficiency ratio is a non-GAAP financial measure derived from GAAP-based amounts. This figure represents the ratio of noninterest expense, less amortization of intangible assets, merger-related expense, and other real estate owned operations, where applicable, to the sum of net interest income before provision for credit losses and total noninterest income less net gain from debt extinguishment. The adjusted efficiency ratio further excludes the FDIC special assessment to provide a better comparison to the financial results of prior periods. Management believes that the exclusion of such items from this financial measure provides useful information to gain an understanding of the operating results of our core business.  | Efficiency ratio is a non-GAAP financial measure derived from GAAP-based amounts. This figure represents the ratio of noninterest expense, less amortization of intangible assets, merger-related expense, and other real estate owned operations, where applicable, to the sum of net interest income before provision for credit losses and total noninterest income less net gain from debt extinguishment. The adjusted efficiency ratio further excludes the FDIC special assessment to provide a better comparison to the financial results of prior periods. Management believes that the exclusion of such items from this financial measure provides useful information to gain an understanding of the operating results of our core business.  | Efficiency ratio is a non-GAAP financial measure derived from GAAP-based amounts. This figure represents the ratio of noninterest expense, less amortization of intangible assets, merger-related expense, and other real estate owned operations, where applicable, to the sum of net interest income before provision for credit losses and total noninterest income less net gain from debt extinguishment. The adjusted efficiency ratio further excludes the FDIC special assessment to provide a better comparison to the financial results of prior periods. Management believes that the exclusion of such items from this financial measure provides useful information to gain an understanding of the operating results of our core business.  |
|  | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** |
|  | **June 30,** | **March 31,** | **June 30,** |
| <u>(Dollars in thousands)</u> | **2025** | **2025** | **2024** |
| Total noninterest expense | $104376 | $100292 | $97567 |
| Less: amortization of intangible assets | 2501 | 2566 | 2763 |
| Less: merger-related expense | 6712 |  |  |
| &nbsp;&nbsp;&nbsp;Adjusted noninterest expense | 95163 | 97726 | 94804 |
| Less: FDIC special assessment | (25) | 25 | (161) |
| &nbsp;&nbsp;Adjusted noninterest expense excluding FDIC special assessment | $95188 | $97701 | $94965 |
| Net interest income before provision for credit losses | $126755 | $123367 | $136394 |
| Add: total noninterest income | 17565 | 21465 | 18222 |
| Less: net loss from other real estate owned |  |  | (28) |
| Less: net loss from debt extinguishment | (1315) |  |  |
| &nbsp;&nbsp;Adjusted revenue | $145635 | $144832 | $154644 |
| Efficiency ratio | 65.3% | 67.5% | 61.3% |
| Adjusted efficiency ratio excluding FDIC special assessment | 65.4% | 67.5% | 61.4% |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Tangible book value per share and tangible common equity to tangible assets (the "tangible common equity ratio") are non-GAAP financial measures derived from GAAP-based amounts. We calculate tangible book value per share by dividing tangible common equity by common shares outstanding, as compared to book value per share, which we calculate by dividing common stockholders' equity by shares outstanding. We calculate the tangible common equity ratio by excluding the balance of intangible assets from common stockholders' equity and dividing by tangible assets. We believe that this information is consistent with the treatment by bank regulatory agencies, which excludes 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. | Tangible book value per share and tangible common equity to tangible assets (the "tangible common equity ratio") are non-GAAP financial measures derived from GAAP-based amounts. We calculate tangible book value per share by dividing tangible common equity by common shares outstanding, as compared to book value per share, which we calculate by dividing common stockholders' equity by shares outstanding. We calculate the tangible common equity ratio by excluding the balance of intangible assets from common stockholders' equity and dividing by tangible assets. We believe that this information is consistent with the treatment by bank regulatory agencies, which excludes 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. | Tangible book value per share and tangible common equity to tangible assets (the "tangible common equity ratio") are non-GAAP financial measures derived from GAAP-based amounts. We calculate tangible book value per share by dividing tangible common equity by common shares outstanding, as compared to book value per share, which we calculate by dividing common stockholders' equity by shares outstanding. We calculate the tangible common equity ratio by excluding the balance of intangible assets from common stockholders' equity and dividing by tangible assets. We believe that this information is consistent with the treatment by bank regulatory agencies, which excludes 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. | Tangible book value per share and tangible common equity to tangible assets (the "tangible common equity ratio") are non-GAAP financial measures derived from GAAP-based amounts. We calculate tangible book value per share by dividing tangible common equity by common shares outstanding, as compared to book value per share, which we calculate by dividing common stockholders' equity by shares outstanding. We calculate the tangible common equity ratio by excluding the balance of intangible assets from common stockholders' equity and dividing by tangible assets. We believe that this information is consistent with the treatment by bank regulatory agencies, which excludes 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. | Tangible book value per share and tangible common equity to tangible assets (the "tangible common equity ratio") are non-GAAP financial measures derived from GAAP-based amounts. We calculate tangible book value per share by dividing tangible common equity by common shares outstanding, as compared to book value per share, which we calculate by dividing common stockholders' equity by shares outstanding. We calculate the tangible common equity ratio by excluding the balance of intangible assets from common stockholders' equity and dividing by tangible assets. We believe that this information is consistent with the treatment by bank regulatory agencies, which excludes 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. | Tangible book value per share and tangible common equity to tangible assets (the "tangible common equity ratio") are non-GAAP financial measures derived from GAAP-based amounts. We calculate tangible book value per share by dividing tangible common equity by common shares outstanding, as compared to book value per share, which we calculate by dividing common stockholders' equity by shares outstanding. We calculate the tangible common equity ratio by excluding the balance of intangible assets from common stockholders' equity and dividing by tangible assets. We believe that this information is consistent with the treatment by bank regulatory agencies, which excludes 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. |
|  | **June 30,** | **March 31,** | **December 31,** | **September 30,** | **June 30,** |
| <u>(Dollars in thousands, except per share data)</u> | **2025** | **2025** | **2024** | **2024** | **2024** |
| Total stockholders' equity | $2975418 | $2967089 | $2955743 | $2943937 | $2923764 |
| Less: intangible assets | 928439 | 930940 | 933506 | 936236 | 938998 |
| &nbsp;&nbsp;&nbsp;Tangible common equity | $2046979 | $2036149 | $2022237 | $2007701 | $1984766 |
| Total assets | $17783172 | $18085583 | $17903585 | $17909643 | $18332325 |
| Less: intangible assets | 928439 | 930940 | 933506 | 936236 | 938998 |
| &nbsp;&nbsp;&nbsp;Tangible assets | $16854733 | $17154643 | $16970079 | $16973407 | $17393327 |
| Tangible common equity ratio | 12.14% | 11.87% | 11.92% | 11.83% | 11.41% |
| Common shares issued and outstanding | 97019910 | 97069001 | 96441667 | 96462767 | 96434047 |
| Book value per share | $30.67 | $30.57 | $30.65 | $30.52 | $30.32 |
| Less: intangible book value per share | 9.57 | 9.59 | 9.68 | 9.71 | 9.74 |
| &nbsp;&nbsp;&nbsp;Tangible book value per share | $21.10 | $20.98 | $20.97 | $20.81 | $20.58 |

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|:---|:---|:---|:---|
| Cost of non-maturity deposits is a non-GAAP financial measure derived from GAAP-based amounts. Cost of non-maturity deposits is calculated as the ratio of non-maturity deposit interest expense to average non-maturity deposits. We calculate non-maturity deposit interest expense by excluding interest expense for all certificates of deposit from total deposit expense, and we calculate average non-maturity deposits by excluding all certificates of deposit from total deposits. Management believes cost of non-maturity deposits is a useful measure to assess the Company's deposit base, including its potential volatility. | Cost of non-maturity deposits is a non-GAAP financial measure derived from GAAP-based amounts. Cost of non-maturity deposits is calculated as the ratio of non-maturity deposit interest expense to average non-maturity deposits. We calculate non-maturity deposit interest expense by excluding interest expense for all certificates of deposit from total deposit expense, and we calculate average non-maturity deposits by excluding all certificates of deposit from total deposits. Management believes cost of non-maturity deposits is a useful measure to assess the Company's deposit base, including its potential volatility. | Cost of non-maturity deposits is a non-GAAP financial measure derived from GAAP-based amounts. Cost of non-maturity deposits is calculated as the ratio of non-maturity deposit interest expense to average non-maturity deposits. We calculate non-maturity deposit interest expense by excluding interest expense for all certificates of deposit from total deposit expense, and we calculate average non-maturity deposits by excluding all certificates of deposit from total deposits. Management believes cost of non-maturity deposits is a useful measure to assess the Company's deposit base, including its potential volatility. | Cost of non-maturity deposits is a non-GAAP financial measure derived from GAAP-based amounts. Cost of non-maturity deposits is calculated as the ratio of non-maturity deposit interest expense to average non-maturity deposits. We calculate non-maturity deposit interest expense by excluding interest expense for all certificates of deposit from total deposit expense, and we calculate average non-maturity deposits by excluding all certificates of deposit from total deposits. Management believes cost of non-maturity deposits is a useful measure to assess the Company's deposit base, including its potential volatility. |
|  | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** |
|  | **June 30,** | **March 31,** | **June 30,** |
| <u>(Dollars in thousands)</u> | **2025** | **2025** | **2024** |
| Total deposits interest expense | $58376 | $59573 | $64229 |
| Less: certificates of deposit interest expense | 16950 | 18512 | 21115 |
| Less: brokered certificates of deposit interest expense | 3620 | 3789 | 6506 |
| &nbsp;&nbsp;Non-maturity deposit expense | $37806 | $37272 | $36608 |
| Total average deposits | $14610202 | $14635422 | $14941573 |
| Less: average certificates of deposit | 1747641 | 1780043 | 1830516 |
| Less: average brokered certificates of deposit | 283812 | 300424 | 542699 |
| &nbsp;&nbsp;Average non-maturity deposits | $12578749 | $12554955 | $12568358 |
| Cost of non-maturity deposits | 1.21% | 1.20% | 1.17% |

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## Exhibit 99.2

![](a2q25ipvfinal001.jpg)

Investor Presentation Second Quarter 2025 July 24, 2025 Ronald J. Nicolas, Jr. Sr. EVP & Chief Financial Officer rnicolas@ppbi.com 949-864-8000 Steve Gardner Chairman, Chief Executive Officer, & President sgardner@ppbi.com 949-864-8000

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2© 2025 Pacific Premier Bancorp, Inc. \| All rights reserved FORWARD LOOKING STATEMENTS AND WHERE TO FIND MORE INFORMATION Forward Looking Statements This investor presentation contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 regarding the financial condition, results of operations, business plans and the future performance of Pacific Premier Bancorp, Inc. ("PPBI" or the "Company"), including its wholly-owned subsidiary Pacific Premier Bank, N.A. ("Pacific Premier" or the "Bank"). Words such as "anticipates," "believes," "estimates," "expects," "forecasts," "intends," "plans," "projects," "could," "may," "should," "will" or other similar words and expressions are intended to identify these forward-looking statements. These forward-looking statements are based on PPBI's current expectations and beliefs concerning future developments and their potential effects on the Company including, without limitation, the strength of the United States ("U.S.") economy in general and the strength of the local economies in which we conduct operations; adverse developments in the banking industry, for example the high-profile bank failures in 2023, and the potential impact of such developments on customer confidence, liquidity, and regulatory responses to these developments; 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; interest rate, liquidity, economic, market, credit, operational, and inflation risks associated with our business, including the speed and predictability of changes in these risks; our ability to attract and retain deposits and access to other sources of liquidity, particularly in a rising or high interest rate environment, and the quality and composition of our deposits; business and economic conditions generally and in the financial services industry, nationally and within our current and future geographic markets, including the labor market, ineffective management of the U.S. Federal budget or debt, fluctuations in the real estate market, or turbulence or uncertainty in domestic or foreign financial markets; the effect of acquisitions we have made or may make, including, without limitation, the failure to achieve the expected revenue growth and/or expense savings from such acquisitions, and/or the failure to effectively integrate an acquisition target into our operations; the timely development of competitive new products and services and the acceptance of these products and services by new and existing customers; possible impairment charges to goodwill, including any impairment that may result from increased volatility in our stock price; the impact of changes in financial services policies, laws, and regulations, including those concerning taxes, banking, securities, and insurance, and the application thereof by regulatory bodies; compliance risks, including any increased costs of monitoring, testing, and maintaining compliance with complex laws and regulations; the effectiveness of our risk management framework and quantitative models; the effect of changes in accounting policies and practices or accounting standards, as may be adopted from time-to-time by bank regulatory agencies, the U.S. Securities and Exchange Commission ("SEC"), the Public Company Accounting Oversight Board, the Financial Accounting Standards Board or other accounting standards setters; possible credit-related impairments of securities held by us; changes in the level of our nonperforming assets and charge-offs; the impact of governmental efforts to restructure or adjust the U.S. financial regulatory system; the impact of recent or future changes in the FDIC insurance assessment rate or the rules and regulations related to the calculation of the FDIC insurance assessment amount, including any special assessments; changes in consumer spending, borrowing, and savings habits; the effects of concentrations in our loan portfolio, including commercial real estate and the risks of geographic and industry concentrations; the possibility that we may reduce or discontinue the payments of dividends on our common stock; the possibility that we may discontinue, reduce or otherwise limit the level of repurchases of our common stock we may make from time to time pursuant to our stock repurchase program; changes in the financial performance and/or condition of our borrowers; changes in the competitive environment among financial and bank holding companies and other financial service providers; geopolitical conditions, including acts or threats of terrorism, actions taken by the United States or other governments in response to acts or threats of terrorism, and/or military conflicts, including the war between Russia and Ukraine and conflict in the Middle East, all of which could impact business and economic conditions in the United States and abroad; tariffs, trade policies, and related tensions, which could impact our clients, specific industry sectors and/or broader economic conditions and financial market; public health crises and pandemics and their effects on the economic and business environments in which we operate, including on our credit quality and business operations, as well as the impact on general economic and financial market conditions; cybersecurity threats and the cost of defending against them; climate change, including the enhanced regulatory, compliance, credit, and reputational risks and costs; natural disasters, earthquakes, fires, and severe weather; unanticipated regulatory, legal, or judicial proceedings; the possibility that the Company's pending merger with Columbia does not close when expected or at all because required regulatory, shareholder or other approvals and other conditions to closing are not received or satisfied on a timely basis or at all; the possibility that the anticipated benefits and cost savings from the merger with Columbia may not be fully realized or may take longer to realize than expected; disruptions to the Company's business as a result of the announcement and pendency of the merger with Columbia; the possibility that the merger with Columbia may be more expensive to complete than anticipated, including as a result of unexpected factors or events; and our 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 2024 Annual Report on Form 10-K and quarterly report on Form 10-Q for the period ended March 31, 2025, filed with the SEC and available at the SEC's Internet site (http://www.sec.gov).The Company undertakes no obligation to revise or publicly release any revision or update to these forward-looking statements to reflect events or circumstances that occur after the date on which such statements were made. Non-U.S. GAAP Financial Measures This presentation contains non-U.S. GAAP financial measures. For purposes of Regulation G promulgated by the SEC, a non-U.S. GAAP financial measure is a numerical measure of the registrant's historical or future financial performance, financial position or cash flows that excludes amounts or is subject to adjustments that have the effect of excluding amounts that are included in the most directly comparable measure calculated and presented in accordance with U.S. GAAP in the statement of income, statement of financial condition or statement of cash flows (or equivalent statements) of the issuer; or includes amounts, or is subject to adjustments that have the effect of including amounts, that are excluded from the most directly comparable measure so calculated and presented in this regard. U.S. GAAP refers to generally accepted accounting principles in the United States. Pursuant to the requirements of Regulation G, PPBI has provided reconciliations within this presentation, as necessary, of the non-U.S GAAP financial measures to the most directly comparable U.S. GAAP financial measures. For more details on PPBI's non-U.S. GAAP measures, refer to the Appendix in this presentation.

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3© 2025 Pacific Premier Bancorp, Inc. \| All rights reserved PRESENTATION CONTENTS Corporate Overview 4 Second Quarter Performance Highlights 6 Balance Sheet Highlights 8 Asset Quality & Credit Risk Management 16 Loan Metrics 21 Strategy and Technology 30 Culture and Governance 33 Appendix: Non-GAAP Reconciliation 38

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PPBI Corporate Overview

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5© 2025 Pacific Premier Bancorp, Inc. \| All rights reserved Balance Sheet and Capital Ratios(2) Profitability and Credit Quality(2) Assets $17.8 billion ROAA 0.71% Loans HFI(4) $11.9 billion ROATCE(3) 6.66% TCE / TA(3) 12.14% Efficiency Ratio(3) 65.3% Tier 1 Capital Ratio 17.00% NPA / Assets 0.15% Total Capital Ratio 18.85% ACL / Loans 1.43% Premier commercial bank in key metropolitan areas throughout the Western U.S. 1. Market data as of July 23, 2025 2. As of or for the three months ended June 30, 2025 3. Please refer to non-U.S. GAAP reconciliation in the appendix 4. Includes the basis adjustment associated with the application of hedge accounting on certain loans 2Q25 Financial Highlights PACIFIC PREMIER BANCORP, INC. Corporate Overview & Market Data Branch Network 58 Full Service Branch Locations Market Capitalization(1) $2.1 Billion Dividend Yield(1) 5.96% P/TBV(1) 1.06x Pacific Premier Footprint 8 2 Arizona Phoenix (1) Tucson (2) 3 Nevada Las Vegas (1) 1 Southern California Los Angeles-Orange (21) San Diego (5) Riverside-San Bernardino (9) 35 Central Coast California San Luis Obispo (7) Santa Barbara (2) 9 Pacific Northwest Seattle MSA (7) Other Washington (1) Portland MSA (2)

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Second Quarter Performance Highlights

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7© 2025 Pacific Premier Bancorp, Inc. \| All rights reserved Q2 2025 RESULTS 1. Non-U.S. GAAP measure, refer to the Non-GAAP reconciliation in the appendix for more information 2. Includes the basis adjustment associated with the application of hedge accounting on certain loans 3. Including fair value net discount on acquired loans 4. Total unused borrowing capacity of $9.1 billion at June 30, 2025 and includes $50 million of unpledged US Treasurys with a maturity date of twelve months or less Operating Results • Net income of $32.1 million, or $0.33 per diluted share, including $0.06 of negative impact for $6.7 million of merger expense and $1.3 million loss on debt extinguishment for $150 million of subordinated debt redemption • 2Q 2025 reported results; ROAA of 0.71%, and ROATCE of 6.66%(1) • Net interest margin increased 6 bps to 3.12% in Q2 2025 • Efficiency ratio of 65.3%(1) and noninterest expense, excluding merger expense, decreased to $97.7 million Loans • Loans held for investment totaled $11.9 billion(2) • 2Q 2025 loan yields increased 3 bps to 5.06% • Loan/deposit ratio of 82.1% • Quarterly new loan commitments increased to $578.5 million, compared to $319.3 million 1Q 2025 Deposits • Total deposits of $14.5 billion, cost of deposits decreased 5 bps to 1.60%; spot cost of deposits of 1.60% • Non-maturity deposits of $12.5 billion, or 86.5% of total deposits • Average cost of non-maturity deposits of 1.21%(1) • Noninterest-bearing deposits comprised 32.3% of total deposits Capital & Liquidity • Tangible common equity to tangible assets increased 27 bps to 12.14%(1) • Tangible book value per share increased $0.12 to $21.10(1) • Total available liquidity of $10.0 billion at June 30, 2025(4), including ample cash position of $792 million Asset Quality • Delinquent loans were 0.02% of total loans held for investment • Nonperforming assets decreased to $26.3 million, or 0.15% of total assets • Net recoveries of $0.3 million • ACL for LHFI of $170.7 million, or 1.43% of loans; total loss absorption capacity equals 1.68% of loans(3)

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PPBI Balance Sheet Highlights

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![](a2q25ipvfinal009.jpg)

9© 2025 Pacific Premier Bancorp, Inc. \| All rights reserved ACCUMULATING CAPITAL Consolidated PPBI Capital Ratios • Q2 2025 capital levels significantly exceed well-capitalized regulatory requirements and provide capital management flexibility and redemption of $150 million of subordinated debt in Q2 2025 1. Non-U.S. GAAP measure, refer to the Non-GAAP reconciliation in the appendix for more information Consolidated PPBI Pacific Premier Bank, N.A. Tangible Common Equity Ratio(1) 12.14% 11.41% 9.59% Leverage Ratio 12.40% 11.87% 10.90% Common Equity Tier 1 Ratio (CET1) 17.00% 15.89% 14.34% Tier 1 Ratio 17.00% 15.89% 14.34% Total Capital Ratio 18.85% 19.01% 17.24% Leverage Ratio 12.84% 13.42% 12.15% Common Equity Tier 1 Ratio (CET1) 17.60% 17.97% 15.99% Tier 1 Ratio 17.60% 17.97% 15.99% Total Capital Ratio 18.85% 19.22% 17.05% Q2 2025 Q2 2024 Q2 2023 10.90% 14.34% 14.34% 17.24% 11.87% 15.89% 15.89% 19.01% 12.40% 17.00% 17.00% 18.85% Tier 1 Leverage Ratio CET1 Ratio Tier 1 Ratio TRBC Ratio 2Q23 2Q24 2Q25

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10© 2025 Pacific Premier Bancorp, Inc. \| All rights reserved Noninterest-bearing Deposits, 32% Interest-bearing Non-maturity deposits, 54% Retail CDs, 13% Brokered Deposits, 1% Total Deposits of $14.5 billion as of June 30, 2025 Relationship-based core deposits • Well-diversified and granular customer base with low-cost transaction deposits reflects our relationship-based business model • Non-maturity deposits comprise 86.5% of total deposits • Average non-maturity deposit costs of 1.21%(3) • Uninsured and uncollateralized deposits 35% of total deposits as of June 30, 2025 HIGH QUALITY DEPOSIT FRANCHISE 1. As of June 30, 2025 2. Quarterly average cost 3. Please refer to the non-U.S. GAAP information in the appendix 4. Excludes Commerce Escrow and Exchange, HOA and Pacific Premier Trust relationships Quarterly Average Cost of Total Deposits Trend Relative to Average Fed Funds Rate Cost of non- maturity deposits: 1.21% Deposits Detail as of June 30, 2025 Average Length of Commercial and Consumer Banking Relationship(4) = 13.6 years Balance(1) % of Total Avg. Cost of Deposits(2) Spot Cost of Deposits (dollars in thousands) Noninterest-bearing demand 4,687,795$32% 0.00% 0.00% Interest-bearing demand 2,814,687 19% 1.49% 1.46% Money market / savings 5,035,658 35% 2.19% 2.27% Total non-maturity deposits 12,538,140 86% 1.21% 1.24% Retail certificates of deposit 1,758,846 12% 3.89% 3.79% Wholesale/brokered certificates of deposit 200,387 1% 5.12% 4.92% Total maturity deposits 1,959,233 14% 4.20% 3.91% Total deposits 14,497,373$100% 1.60% 1.60% 0.12 0.77 2.19 3.66 4.52 4.99 5.26 5.33 5.33 5.33 5.27 4.66 4.33 4.33 0.04 0.06 0.22 0.58 0.94 1.27 1.50 1.56 1.59 1.71 1.84 1.79 1.65 1.60 1Q22 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q244Q24 1Q25 2Q25 Federal Funds Rate Cost of Total Deposits

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11© 2025 Pacific Premier Bancorp, Inc. \| All rights reserved 1. Uninsured and uncollateralized deposits estimated as total deposits less federally-insured deposits, $863 million of collateralized municipal deposits, and $35 million of privately insured deposits 2. Also includes interest-bearing time deposits with financial institutions 3. Based on approved borrowing capacity as of June 30, 2025; Represents $50 million of unpledged US treasurys with a maturity of 12 months or less STRONG LIQUIDITY POSITION Quarterly Period-end Cash Balance Trends ($ in millions)(2) Well-positioned with enhanced liquidity • Ample cash of $792 million at June 30, 2025 • Reduced time deposits by $106 million during 2Q25 • Total liquidity coverage ratio of 2.0x to uninsured and uncollateralized deposits(1)(3) • Significant additional sources of liquidity with total liquidity of $10.0 billion(3) Sources of Liquidity as of June 30, 2025(3) 2Q25 Liquidity / Uninsured & Uncollateralized Deposits ($ in billions)(1)(3) 2.0 Coverage $10.0 $5.1 Total Liquidity Estimated Uninsured & Uncollateralized Deposits $2,221 $2,300 $2,294 $2,528 $2,374 12.1% 12.8% 12.8% 14.0% 13.4% 2Q24 3Q24 4Q24 1Q25 2Q25 Cash & AFS Securities Cash & AFS / Total Assets ($ in millions) June 30, 2025 Cash and Cash Equivalents 792$ Short-term US Treasurys(3) 50 On Balance Sheet Liquidity 842 Additional Sources of Liquidity Unused FHLB Borrowing Capacity 4,813$ Correspondent Banks 390 FRB Discount Window 3,946 Total Unused Borrowing Capacity 9,149$ Total Liquidity 9,991$

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12© 2025 Pacific Premier Bancorp, Inc. \| All rights reserved Note: All dollars in thousands, unless noted otherwise Note: SBA loans are unguaranteed portion and represent approximately 25% of principal balance for the respective borrower WELL STRUCTURED LOAN PORTFOLIO Loans Outstanding by Type and Weighted Average Rate(8) June 30, 2025 Loan Repricing Structure(10) New Commitments and Prepay / Payoff Trends(9) - 1. SBA loans that are collateralized by hotel real property 2. Loans to businesses that are collateralized by real estate where the operating cash flow of the business is the primary source of repayment 3. SBA loans that are collateralized by real property other than hotel real property 4. Loans to businesses where the operating cash flow of the business is the primary source of repayment 5. Single family residential includes home equity lines of credit, as well as second trust deeds 6. Includes unamortized net purchase premiums of $11.2 million, net deferred origination fees of $103,000 and unaccreted fair value net purchase discounts of $29.5 million as of June 30, 2025.. 7. Represents the basis adjustment associated with the application of hedge accounting on certain loans 8. As of June 30, 2025, and excludes the impact of fees, discounts and premiums 9. Dollars in millions, Payoff & Prepayment includes prepayments, maturities and normal amortization, loan production includes new loan originations and purchases 10.As of June 30, 2025, and includes $300 million of variable swaps on fixed rate loans, Loan balances reflect unpaid principal balance and do not include capitalized costs and fees Balance % of Total Weighted Average Rate(8) Investor real estate secured CRE non-owner occupied 2,084,781$17.5 % 4.84% Multifamily 5,255,040 44.2 4.14% Construction and land 302,781 2.5 8.05% SBA secured by real estate(1) 27,405 0.2 8.34% Total investor real estate secured 7,670,007 64.4 4.50% Business real estate secured(2) CRE owner-occupied 1,918,031 16.1 4.47% Franchise real estate secured 227,080 1.9 5.15% SBA secured by real estate(3) 39,263 0.3 8.06% Total business real estate secured 2,184,374 18.4 4.61% Commercial loans(4) Commercial and industrial 1,643,977 13.8 6.34% Franchise non-real estate secured 180,708 1.5 5.23% SBA non-real estate secured 7,472 0.1 9.08% Total commercial 1,832,157 15.4 6.25% Retail Loans Single family residential(5) 224,483 1.9 6.86% Consumer 1,658 0.0 10.75% Total retail loans 226,141 1.9 6.89% Total loans held for investment before basis adjustment(6) 11,912,679$100.1 % 4.83% Basis adjustment associated with fair value hedge(7) (10,600) (0.1) Total loans held for investment 11,902,079$100.0 % As of June 30, 2025 $151 $104 $834 $558 $627 $447 $449 $709 $449 $391 4.88% 4.82% 4.78% 4.80% 4.83% 2Q24 3Q24 4Q24 1Q25 2Q25 Loan Production Amort. / Payoff / Prepay EOP Loan Portfolio WAIR Fixed 26% Adjustable 43% Variable 28% Fixed with Variable Swap 3%

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13© 2025 Pacific Premier Bancorp, Inc. \| All rights reserved Commercial and industrial 14% CRE owner- occupied 16% CRE non-owner occupied 17% Construction and land 3% Consumer 2% Other Commercial and Business 4% Multifamily (<10 Units) 8% Multifamily (11- 25 Units) 13% Multifamily (26- 50 Units) 9% Multifamily (51- 100 Units) 8% Multifamily (101+ Units) 6% 1. As June 30, 2025, includes the basis adjustment associated with the application of hedge accounting on certain loans 2. Commercial and business loans, distribution by North American Industry Classification (NAICS) Loans Outstanding by Type(1) Commercial & Business Loans by Industry(2) HIGH PERFORMING LOAN PORTFOLIO $11.9 Billion Diversified loan portfolio • Granular loan portfolio reflects deep and long-tenured client relationships – we lend to well-established businesses and real estate operators. • Conservative, cash-flow lender with a long history of proactive and effective credit risk management. • Commercial loans with diverse set of industries across Western U.S. CRE Loan Maturity Profile / Total LHFI (%) as of June 30, 2025 • CRE maturities well-distributed into future periods • Limited exposure to maturity over the next several years CRE Loans Maturity Profile <1 Year 1-2 Years 2-3 Years 3-5 Years >5 Years Total Multifamily 1.0% 0.8% 1.1% 6.2% 35.1% 44.2% CRE Owner-Occupied 0.6% 0.5% 0.6% 3.1% 11.3% 16.1% CRE Non-Owner Occupied 1.3% 1.5% 1.2% 4.2% 9.3% 17.5% Total 2.9% 2.8% 2.9% 13.5% 55.7% 77.8% Agriculture, Forestry, Fishing and Hunting, 3% Construction, 7% Manufacturing, 16% Other Services (except Public Administration), 8% Health Care & Social Assistance, 9% Real Estate & Rental & Leasing, 6% Retail Trade, 6% Wholesale Trade, 7% Educational Services, 4% Professional, Scientific, & Technical Services, 4% Public Administration, 4% Finance & Insurance, 2% Arts, Entertainment, & Recreation, 3% Transportation and Warehousing, 3% Accommodation & Food Services, 15% Other, 4%

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14© 2025 Pacific Premier Bancorp, Inc. \| All rights reserved < 1yr Year, 76% 1-3 Years, 22% 3-5 Years, 2% HTM 52% AFS 48% 4.7 Years Total Duration SECURITIES PORTFOLIO HTM and AFS Investment Securities as of June 30, 2025(1) Highly-rated securities portfolio • Investment securities totaled $3.3 billion(1), or 18.4% of total assets as of June 30, 2025 • 2Q25 purchases consisted of $99 million of predominantly short-term U.S. Treasurys with a weighted average yield of 3.89% • 2Q25 average yield on total investment securities was 3.50%(2) $3.3 Billion 1. For AFS and HTM securities, excludes FRB Stock and FHLB stock. 2. Includes FRB stock and FHLB stock. AFS Duration as of June 30, 2025 0.7 Years AFS Duration Securities Mix as of June 30, 2025 (1) CMO, 13% Corp & Bank Notes, 11% MBS, 7% Muni Bonds, 35% Treasurys, 33% Other, 0%

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15© 2025 Pacific Premier Bancorp, Inc. \| All rights reserved NET INTEREST MARGIN Net Interest Margin 2Q25 net interest margin expansion driven by lower cost cost funds Loan Yields & Cost of Funds Cost of Deposits Relative to Fed Funds Rate Factors Affecting Net Interest Margin Increase Decrease (1) 1. Quarterly Average Fed Funds Rate for each respective period 3.06% 0.05% 0.01% 3.12% Q1 2025 Reported NIM Cost of Funds AEA Yield/ Mix Q2 2025 Reported NIM 3.26% 3.16% 3.02% 3.06% 3.12% Reported Net Interest Margin 5.30% 5.31% 5.13% 5.03% 5.06% 1.86% 1.97% 1.88% 1.74% 1.69% Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Reported Loan Yield Cost of Funds 1.73% 1.84% 1.79% 1.65% 1.60% 5.33% 5.27% 4.66% 4.33% 4.33% Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Cost of Deposits Fed Funds Rate

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Asset Quality & Credit Risk Management

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17© 2025 Pacific Premier Bancorp, Inc. \| All rights reserved LOAN PORTFOLIO & CECL ACL for LHFI + Fair Value MarkAllowance for Credit Losses by Loan Type 1. SBA loans that are collateralized by hotel real property 2. Loans to businesses that are collateralized by real estate where the operating cash flow of the business is the primary source of repayment 3. SBA loans that are collateralized by real property other than hotel real property 4. Loans to businesses where the operating cash flow of the business is the primary source of repayment 5. Single family residential includes home equity lines of credit, as well as second trust deeds 6. Adds back the FV discount to the loans held for investment Increase Decrease Combined Loss Absorption Capacity CECL model update • Reserves reflect changes in asset quality offset by changes in loan balances and portfolio composition ACL for LHFI Change Attributions ($ in millions) (dollars in thousands) Balance % of Total Loans Held for Investment ACL for LHFI 170,663$1.43% Plus: Fair Value Mark on Acquired Loans(6) 29,538 0.25% Total ACL & Fair Value Mark(6) 200,201$1.68% $175.0 $3.2 ($7.5) $170.7 ACL for LHFI Balance Mar 31, 2025 Asset Quality, Economic Forecast & Other Updates Loan Composition ACL for LHFI Balance Jun 30, 2025 (dollars in thousands) ACL Balance % of Segment Investor loans secured by real estate CRE non-owner occupied 27,120$1.30% Multifamily 53,978 1.03% Construction and land 3,567 1.18% SBA secured by real estate(1) 1,127 4.11% Business loans secured by real estate(2) CRE owner-occupied 27,921 1.46% Franchise real estate secured 4,012 1.77% SBA secured by real estate(3) 3,449 8.78% Commercial loans(4) Commercial and industrial 40,099 2.44% Franchise non-real estate secured 6,604 3.65% SBA non-real estate secured 437 5.85% Retail loans Single family residential(5) 2,237 1.00% Consumer loans 112 6.76% ACL for Loans HFI 170,663$1.43% June 30, 2025

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18© 2025 Pacific Premier Bancorp, Inc. \| All rights reserved ASSET QUALITY TRENDS Nonperforming Assets (% of Total Assets) Past Due Loans (% of LHFI) Classified Assets (% of Total Assets) Net Charge-offs/(Recoveries) (% of Average Loans) Sound asset quality metrics reflecting disciplined & proactive credit risk management Note: Dollars in millions $52.1 $39.1 $28.9 $27.7 $26.3 0.28% 0.22% 0.16% 0.15% 0.15% 2Q 2024 3Q 2024 4Q 2024 1Q 2025 2Q 2025 Nonperforming Assets ($ in millions) NPAs / Total Assets $17.9 $9.9 $2.6 $2.1 $2.0 0.14% 0.08% 0.02% 0.02% 0.02% 2Q 2024 3Q 2024 4Q 2024 1Q 2025 2Q 2025 Past Due Loans ($ in millions) PD Loans / Loans HFI $183.8 $120.5 $107.1 $89.2 $89.1 1.00% 0.67% 0.60% 0.49% 0.50% 2Q 2024 3Q 2024 4Q 2024 1Q 2025 2Q 2025 Classified Assets ($ in millions) Classified Assets / Total Assets $10.3 $2.3 $1.4 -$0.3 -$0.3 0.08% 0.02% 0.01% 0.00% -0.01% 2Q 2024 3Q 2024 4Q 2024 1Q 2025 2Q 2025 Net Charge-offs (Recoveries) ($ in millions) NCOs / Avg Loans

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19© 2025 Pacific Premier Bancorp, Inc. \| All rights reserved PDNB Failed- Bank Acquisition 4/27/12 CREDIT RISK MANAGEMENT Credit quality has historically outperformed peers throughout varying cycles Nonperforming Assets to Total Assets Comparison CNB Failed- Bank Acquisition 2/11/11 Note: Peer group consists of Western region banks and thrifts with total assets between $5 billion and $83 billion as of March 31, 2025 0.15% 3.84% Q 1 Q 2 Q 3 Q 4 Q 1 Q 2 Q 3 Q 4 Q 1 Q 2 Q 3 Q 4 Q 1 Q 2 Q 3 Q 4 Q 1 Q 2 Q 3 Q 4 Q 1 Q 2 Q 3 Q 4 Q 1 Q 2 Q 3 Q 4 Q 1 Q 2 Q 3 Q 4 Q 1 Q 2 Q 3 Q 4 Q 1 Q 2 Q 3 Q 4 Q 1 Q 2 Q 3 Q 4 Q 1 Q 2 Q 3 Q 4 Q 1 Q 2 Q 3 Q 4 Q 1 Q 2 Q 3 Q 4 Q 1 Q 2 Q 3 Q 4 Q 1 Q 2 Q 3 Q 4 Q 1 Q 2 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 PPBI Peer Median

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20© 2025 Pacific Premier Bancorp, Inc. \| All rights reserved Note: Prior to 2020: CRE Concentration Ratio was defined as (Non-owner Occupied CRE + Construction + Multifamily) / total risk-based capital; Beginning March 2020: CRE Concentration Ratio was defined as (Non-owner Occupied CRE + Construction + Multifamily) also including RC-C Memo 3 loans (Loans to finance CRE not secured by real estate) / Tier 1 capital + ACL; Beginning December 2024: CRE Concentration Ratio is defined as loans collateralized by (Non-owner Occupied CRE + Construction + Multifamily) also including RC-C Memo 3 loans (Loans to finance CRE not secured by real estate) / Tier 1 capital + ACL. CRE Concentration Ratio Grandpoint Acquisition Experience in managing CRE loans through multiple cycles • 65% of loans included in CRE concentration at June 30, 2025 are multifamily loans with historically strong performance • CRE concentrations are well-managed across the organization, 2Q25 levels reflect $150 million subordinated debt redemption Opus Acquisition LOW RISK CRE LOAN PORTFOLIO SCB Acquisition SDT & FAB Acquisitions 627% 310% 349% 336% 376% 275% 356% 285% 385% 296% 311% 0% 100% 200% 300% 400% 500% 600% 700% 800% Construction CRE NOO Multifamily CRE Concentration Ratio

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Selected Loan Metrics Second Quarter 2025

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22© 2025 Pacific Premier Bancorp, Inc. \| All rights reserved Portfolio Fundamentals • Disciplined underwriting focuses on true cash flow, using the lesser of actual or market rents and market vacancy, with no emphasis on projections or rent trending • Large majority of loans are personally guaranteed by principals or by entities with significant net worth and liquidity • Portfolio is geographically diversified with a focus on markets that have strong historical performance • Loans to seasoned owners of multifamily properties with extensive operating experience • Seasoned stabilized properties with modest leverage and strong operating results • Core competency for PPB, an asset class which performed well for the bank during the Great Recession of 2008 (1) DSCR is computed using the most recent NOI provided and annualized current payment amount By Geography (1) Portfolio Characteristics – MultifamilyBy # of Units (1) Based on location of primary real property collateral. All California information is for respective county INVESTOR REAL ESTATE SECURED: MULTIFAMILY 6/30/2025 Loan Balance Outstanding $5.3 billion Number of Loans 2,220 Average Loan Size $2.4 million Loan-to-Value (Weighted Avg) 57% DSCR (Weighted Avg) (1) 1.69x Seasoning (Weighted Avg) 54 months % of Total Loans 44.2% ACL Coverage Ratio 1.03% NPAs / Total Assets 0.00% Portfolio Delinquency 0.00%

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23© 2025 Pacific Premier Bancorp, Inc. \| All rights reserved Multifamily Loan Characteristics • California allows for higher annual rent increases than other markets (i.e. NYC) -CPI+5%, not to exceed 10% in 12 months (California State-wide) • No Vacancy Control within the State of California, therefore owners have the ability to reprice new vacancies to market rents • Class C multifamily provides relatively affordable workforce housing alternatives near jobs, schools, neighborhood retail and public transportation • Single-family home affordability remains an issue in most of the Bank's markets, with apartments presenting a more affordable alternative • Seasoned multifamily portfolio that has benefited from multiple years of permitted rent increases By Rent Regulated/Control By Class TypeBy Rate Reset Period (1) INVESTOR REAL ESTATE SECURED: MULTIFAMILY \* NAP = Not applicable, properties are primarily mobile home parks \* Has rent control; Note counties based in CA are subject to State Rent Control Laws (AB 1482) (1) First reset on $4.3 billion of adjustable multifamily loans as of June 30, 2025

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24© 2025 Pacific Premier Bancorp, Inc. \| All rights reserved 6/30/2025 Loan Balance Outstanding (1) $2.1 billion Number of Loans 1,055 Average Loan Size $2.0 million Loan-to-Value (Weighted Avg) 51% DSCR (Weighted Avg) (2) 1.88x Seasoning (Weighted Avg) 67 months % of Total Loans 17.5% ACL Coverage Ratio 1.30% NPAs / Total Assets 0.08% Portfolio Delinquency 0.00% Portfolio Fundamentals • Disciplined underwriting standards emphasize actual cash flow coverage of debt service and strong collateral support • Most loans are personally guaranteed by principals or by entities with significant net worth and liquidity • Portfolio is well-diversified across geographies and property types • Seasoned owners and managers of income properties • Conservative underwriting uses the lesser of actual or market rents and market vacancy, not projections or proformas • Majority of loans are to borrowers who maintain a deposit relationship (1) Excludes SBA loans (2) DSCR is computed using the most recent NOI provided and annualized current payment amount By Geography (1) Portfolio Characteristics - CRE Non-Owner OccupiedBy Property Type (1) Based on location of primary real property collateral. All California information is for respective county INVESTOR REAL ESTATE SECURED: CRE NON-OWNER OCCUPIED

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25© 2025 Pacific Premier Bancorp, Inc. \| All rights reserved Retail Office Loan Balance Outstanding (1) $639.6 million $534.8 million Number of Loans 297 197 Average Loan Size $2.2 million $2.8 million Loan-to-Value (Weighted Avg) 47% 64% DSCR (Weighted Avg) (2) 1.78x 1.51x Seasoning (Weighted Avg) 66 months 65 months % of Total Loans 5.4% 4.6% ACL Coverage Ratio 0.70% 3.01% NPAs / Total Assets 0.00% 0.07% Portfolio Delinquency 0.00% 0.00% Portfolio Fundamentals • Disciplined underwriting uses the lesser of actual or market rents and market vacancy, while considering tenant profile, lease expirations, rollover risk and capital costs • Portfolios are well diversified across geographies and property types Retail • PPB primarily lends on seasoned Class B and C strip and neighborhood centers in well established higher density markets • No exposure to malls and minimal exposure to big-box retailers Office • Minimal exposure to Class A high-rise projects or to central business districts (1) Excludes SBA and Franchise loans (2) DSCR is computed using the most recent NOI provided and annualized current payment amount Office: By Geography (1) Portfolio Characteristics – Retail and Office CRE NOORetail: By Geography (1) (1) Based on location of primary real property collateral. All California information is for respective county INVESTOR REAL ESTATE SECURED: CRE NOO RETAIL AND OFFICE

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26© 2025 Pacific Premier Bancorp, Inc. \| All rights reserved CRE, non-SBA SBA Loan Balance Outstanding $281.1 million $27.4 million Number of Loans 71 46 Average Loan Size $4.0 million $596,000 Loan-to-Value (Weighted Avg) 50% 69% DSCR (Weighted Avg) (1) 2.25x 1.23x Seasoning (Weighted Avg) 75 months 81 months % of Total Loans 2.4% 0.2% 6/30/2025 Loan Balance Outstanding,Total $308.5 million ACL Coverage Ratio 1.35% NPAs / Total Assets 0.00% Portfolio Delinquency 0.00% Portfolio Fundamentals • Loans to seasoned hotel operators, generally with significant resources • No exposure to large conference center hotels, large resorts or casinos • Mix of flagged properties and boutique hotels without significant exposure to central business districts • Underwriting consistent with management's conservative approach • SBA represents the retained, unguaranteed portion of approximately 25% of the total outstanding balance By Geography (1) Portfolio Characteristics – Hotel / MotelSBA vs. non-SBA (1) Based on location of primary real property collateral. All California information is for respective county. Note: SBA loans are unguaranteed portion and represent approximately 25% of principal balance for the respective borrower INVESTOR REAL ESTATE SECURED: CRE NOO SBA HOTEL / MOTEL (1) DSCR is computed using the most recent NOI provided and annualized current payment amount

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27© 2025 Pacific Premier Bancorp, Inc. \| All rights reserved Portfolio Fundamentals • Relationship borrowers who are core banking clients of PPB • Repayment based on operating cash flows of the business • Business loans secured by owner occupied commercial real estate, along with the business assets of the operating entity occupying the property • Properties located in job centers, with emphasis on metro markets and supporting suburbs, primarily in California and Western states • Disciplined underwriting based on actual business cash flows, not projections • Portfolio is well diversified by industry and geography (1) Excludes SBA and Franchise loans By Geography (2) Portfolio Characteristics – CRE Owner OccupiedBy Industry (1) (1) Distribution by North American Industry Classification System (NAICS) (2) Based on location of primary real property collateral. All California information is for respective county 6/30/2025 Loan Balance Outstanding (1) $1.9 billion Number of Loans 1,254 Average Loan Size $1.5 million Loan-to-Value (Weighted Avg) 50% Seasoning (Weighted Avg) 63 months % of Total Loans 16.1% ACL Coverage Ratio 1.46% NPAs / Total Assets 0.00% Portfolio Delinquency 0.00% INVESTOR REAL ESTATE SECURED: CRE OWNER OCCUPIED

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28© 2025 Pacific Premier Bancorp, Inc. \| All rights reserved Portfolio Fundamentals • Commercial & Industrial loans focused on small and middle market businesses • Portfolio is well diversified by industry and geography • Most of the borrowers have a deposit relationship • Repayment based on operating cash flows of the business • Disciplined underwriting based on actual results, not projections • Limited exposure to leveraged loans (1) Excludes SBA and Franchise loans (2) Based on commitment By Geography (2) Portfolio Characteristics - Commercial and IndustrialBy Industry (1) (1) Distribution by North American Industry Classification System (NAICS) (2) Based on location of primary real property collateral if available, otherwise borrower address is used. All California information is for respective county. Other states is primarily comprised of loans purchased and participated outside our primary geographic footprint. 6/30/2025 Loan Balance Outstanding (1) $1.6 billion Number of Loans 3,708 Average Loan Size $443,000 Number of Relationships 2,731 Average Relationship Size (2) $1.0 million % of Total Loans 13.8% ACL Coverage Ratio 2.44% NPAs / Total Assets 0.06% Portfolio Delinquency 0.10% COMMERCIAL AND INDUSTRIAL

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29© 2025 Pacific Premier Bancorp, Inc. \| All rights reserved Portfolio Fundamentals • Majority of Franchise portfolio are Quick Service Restaurant ("QSR") brands and fast food with national scale with the resources to innovate and command market share • Well diversified by brand, guarantors, geography and collateral type (CRE and C&I) • 100% of the QSR franchise concepts in our portfolio profile have drive-thru, takeout and/or delivery capabilities, with this component expected to remain higher than pre-pandemic levels and thus bring added strength to our portfolio • Borrowers have over 24 years of operating experience on average • Principals provide personal guarantees and all related loans are cross collateralized and cross defaulted • Highly disciplined approach, maintain well-defined market niche with minimal exceptions (1) Based on commitment (2) Fixed Charge Coverage Ratio includes certain fixed expenses in the denominator and is a more conservative measure than DSCR By Geography (2) Portfolio Characteristics - FranchiseBy Concept (1) (1) Other category includes 11 different concepts, none of which is more than 3% (2) Based on state of primary real property collateral if available, otherwise borrower address. Other category includes 24 different states, none of which is more than 4%. 6/30/2025 Loan Balance Outstanding $407.8 million % of Loans Secured by Real Estate Collateral 56% Number of Relationships 114 Average Relationship Size (1) $3.6 million Average Length of Relationship 77 Number of Loans 424 Average Loan Size $962,000 FCCR (Weighted Avg) (2) 1.71 % of Total Loans 3.4% ACL Coverage Ratio 2.60% NPAs / Total Assets 0.00% Portfolio Delinquency 0.00% FRANCHISE LOANS

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Strategy and Technology Overview

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31© 2025 Pacific Premier Bancorp, Inc. \| All rights reserved PREMIER 360 Total client transparency throughout the organization using proprietary Salesforce enabled platform Client and Data Management Highly customized solution designed to enhance the client experience, maximize banking relationships, optimize business development and accelerate new client acquisition Workflow Management Automated workflows centered around the client, allowing Pacific Premier to be highly efficient and maximize resource capacity Call Center Management Using the combination of top tier call center technology and Premier 360 , provides employees the right tools to deliver best-in-class services Digital Marketing Management Marketing automation that sends electronic communications to prospective and existing clients on behalf of Pacific Premier

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32© 2025 Pacific Premier Bancorp, Inc. \| All rights reserved CLIENT ACQUISITION - PREMIER 360 New Client Acquisition Onboarding Clients Premier360 Reporting  Premier360 is the central database of all potential banking clients and referral sources  Each relationship manager owns a targeted number of prospects and referral sources which they call regularly  Marketing campaigns are customized, targeted and delivered digitally to prospective clients enabling better call penetration  All client onboarding starts and finishes through Premier360 – universal client view as every business unit has visibility of each prospective and existing client  Each potential banking relationship is customized to the current and future banking needs of the client  Clients have a dedicated relationship manager that owns the relationship  All potential client and referral source calls and appointments are tracked with activity reports in Premier360  All business units have access to onboarding pipeline to track progress to ensure client expectations are met  All existing client calls and appointments are tracked in Premier360 to foster stronger relationships

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PPBI Culture and Corporate Responsibility

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34© 2025 Pacific Premier Bancorp, Inc. \| All rights reserved CULTURE AT PACIFIC PREMIER Our culture is defined by our Success Attributes, and they are the foundation of our "one bank, one culture" approach Organizational Culture Integrity • Do the right thing, every time. • Conduct business with the highest ethical standards. • Take responsibility for your actions. Improve • Improvement is incremental. Small changes over time have a significant impact. • Mistakes happen. Learn from them and don't repeat them. • Be responsible for your personal and professional development. Communicate • Over-communicate. • Provide timely and complete information to all stakeholders. • Collaborate to make better decisions. Achieve • Results matter. • Be open to achieving results in new ways. • A winning attitude is contagious. Urgency • Operate with a sense of urgency. • Be thoughtful, making decisions in a timely manner. • Act today, not tomorrow.

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35© 2025 Pacific Premier Bancorp, Inc. \| All rights reserved Four Independent Directors Independent Director Tenure Added Since 2020 As of 6/30/2025 2022 Rose McKinney-James Managing Principal, Energy Works LLC and McKinney-James & Associates Director, MGM Resorts International Stephanie Hsieh CEO of Waban Advisors, Inc. and prior Executive Director, Biocom California 2021 George Pereira Prior COO and CFO, Charles Schwab Investment Management Inc. 2020 Richard Thomas Prior EVP / CFO, CVB Financial Corp. Former Partner, Deloitte Commitment to regular refreshment to evolve our Board in line with our strategy Process Overview • Our Board is committed to annually reviewing the appropriate skills and characteristics required of directors • The Board believes in and actively practices diversity and inclusion. Our Board takes a multi-dimensional approach to diversity, including industry experience, professional expertise, gender, and racial / ethnic background. Key Selection Criteria  Integrity and independence  Composition of the board should reflect sensitivity to the need for diversity with respect to gender, ethnic background and experience  Substantial accomplishments, and prior or current association with institutions noted for their excellence  Demonstrated leadership ability, with broad experience, diverse perspectives and the ability to exercise sound business judgment  Banking/Financial Services expertise  Public company oversight experience  Significant experience in governance areas such as audit, corporate governance, enterprise risk, executive compensation practices, regulatory compliance, cybersecurity, technology, climate-related risk oversight and corporate social responsibility  Special skills, expertise or background that add to and complement the Board's range of skills  Career success that demonstrates the ability to make the kind of important and sensitive judgments that the Board is called upon to make  Availability and energy necessary to perform duties as a director Our Process in Action Average Tenure 7.1 Years BOARD REFRESHMENT & EVALUATION PROCESS 10+ Years 10% 0-4 Years 30% 5-9 Years 60%

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36© 2025 Pacific Premier Bancorp, Inc. \| All rights reserved Our Corporate Responsibility Program prioritizes community impact, business resilience, and the well-being and development of our people within an integrated operational framework. Employee Development Community Impact Business Resilience • Awarded an Outstanding rating in our last two consecutive Community Reinvestment Act (CRA) exams • Named one of Orange County's 50 most community-minded companies for four consecutive years • Reached 89% participation in Gallup employee engagement survey • Delivered development training through the Pacific Coast Banking School and Center for Creative Leadership • Launched Privileged Access Management (PAM) program to enhance data security and operational resilience Advancing talent development, leadership succession, and well-being Strengthening communities through financial literacy, tailored products, and support(1) Community Support $2.9M Donated 396 Non-profits served 9,850 Volunteer hours Enhancing operational strength, security, risk mitigation, and resource management 29% Charitable budget dedicated to financial education 24,000 Individuals reached through education initiatives • Offering training and leadership development opportunities • Fostering engagement, internal mobility, and career growth • Preparing future leaders through thoughtful succession planning 1. Equitable Access & Financial Inclusion and Community Support data is for the 12-month period ended December 31, 2024 Equitable Access & Financial Inclusion CORPORATE RESPONSIBILITY • Strengthening operations for long-term efficiency and resilience • Upholding responsible practices that support sustainable growth • Maintaining robust plans and procedures to facilitate disaster response and crisis management Responsible Governance Continuous Improvement • Proving board-level oversight of the Corporate Responsibility Program • Structuring risk oversight around the three lines of defense model to ensure accountability and internal control • Promoting responsible banking practices and safeguarding consumers Fresh Start Checking for unbanked individuals Startup Business Checking for small businesses

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37© 2025 Pacific Premier Bancorp, Inc. \| All rights reserved PPBI INVESTMENT THESIS  Shareholder value is our key focus – building long-term value for our owners  Our culture differentiates us and drives fundamentals for all stakeholders  Diverse Board advising on strategy, overseeing risk and ESG, and supporting long-term value creation  Financial results remain solid – strong capital ratios and core earnings  Emphasis on risk management is a key strength of our organization  We have maintained a strong credit culture in both good times and bad  Highly experienced and respected bank acquirer – 11 successful acquisitions since 2011

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Appendix: Information - Non-GAAP Reconciliation

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39© 2025 Pacific Premier Bancorp, Inc. \| All rights reserved NON-U.S. GAAP FINANCIAL MEASURES Note: All dollars in thousands For periods presented below, return on average assets excluding the FDIC special assessment is a non-GAAP financial measure derived from GAAP based amounts. We calculate this figure by excluding merger-related expense, the FDIC special assessment, and the related tax impact from net income. Management believes that the exclusion of such nonrecurring items from this financial measure provides useful information to gain an understanding of the operating results of our core business and a better comparison of financial performance. (Dollars in thousands) 2Q 2025 1Q 2025 2Q 2024 Net income 32,061$36,021$41,905$ Add: FDIC special assessment (25) 25 (161) Add: merger-related expense 6,712 - - Less: tax adjustment (1) 1,884 7 (45) Adjusted net income for average assets 36,864$36,039$41,789$ Average assets 18,018,457$18,086,988$18,595,683$ Return on average assets (annualized) 0.71% 0.80% 0.90% Adjusted return on average assets (annualized) 0.82% 0.80% 0.90% 1. Adjusted by statutory tax rate

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40© 2025 Pacific Premier Bancorp, Inc. \| All rights reserved NON-U.S. GAAP FINANCIAL MEASURES Note: All dollars in thousands, except per share data Tangible book value per share and tangible common equity to tangible assets (the "tangible common equity ratio") are non-GAAP financial measures derived from GAAP- based amounts. We calculate tangible book value per share by dividing tangible common equity by common shares outstanding, as compared to book value per share, which we calculate by dividing common stockholders' equity by shares outstanding. We calculate the tangible common equity ratio by excluding the balance of intangible assets from common stockholders' equity and dividing by tangible assets. We believe that this information is consistent with the treatment by bank regulatory agencies, which excludes 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. Jun. 30, Sept. 30, Dec. 31, Mar. 31, Jun. 30 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2024 2024 2025 2025 Total stockholders' equity 199,592$298,980$459,740$1,241,996$1,969,697$2,012,594$2,746,649$2,886,311$2,798,389$2,882,581$2,923,764$2,943,937$2,955,743$2,967,089$2,975,418$ Less: intangible assets 28,564 58,002 111,941 536,343 909,282 891,634 984,076 970,883 956,900 944,597 938,998 936,236 933,506 930,940 928,439 Tangible common equity 171,028$240,978$347,799$705,653$1,060,415$1,120,960$1,762,573$1,915,428$1,841,489$1,937,984$1,984,766$2,007,701$2,022,237$2,036,149$2,046,979$ Total assets 2,037,731$2,789,599$4,036,311$8,024,501$11,487,387$11,776,012$19,736,544$21,094,429$21,688,017$19,026,645$18,332,325$17,909,643$17,903,585$18,085,583$17,783,172$ Less: Intangible assets 28,564 58,002 111,941 536,343 909,282 891,634 984,076 970,883 956,900 944,597 938,998 936,236 933,506 930,940 928,439 Tangible assets 2,009,167$2,731,597$3,924,370$7,488,158$10,578,105$10,884,378$18,752,468$20,123,546$20,731,117$18,082,048$17,393,327$16,973,407$16,970,079$17,154,643$16,854,733$ Tangible common equity ratio 8.51% 8.82% 8.86% 9.42% 10.02% 10.30% 9.40% 9.52% 8.88% 10.72% 11.41% 11.83% 11.92% 11.87% 12.14% Common shares issued and oustanding 16,903,884 21,570,746 27,798,283 46,245,050 62,480,755 59,506,057 94,483,136 94,389,543 95,021,760 95,860,092 96,434,047 96,462,767 96,441,667 97,069,001 97,019,910 Book value per share 11.81$13.86$16.54$26.86$31.52$33.82$29.07$30.58$29.45$30.07$30.32$30.52$30.65$30.57$30.67$ Less: intangible book value per share 1.69 2.69 4.03 11.60 14.55 14.98 10.42 10.29 10.07 9.85 9.74 9.71 9.68 9.59 9.57 Tangible book value per share 10.12$11.17$12.51$15.26$16.97$18.84$18.65$20.29$19.38$20.22$20.58$20.81$20.97$20.98$21.10$ As of December 31, As of

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41© 2025 Pacific Premier Bancorp, Inc. \| All rights reserved NON-U.S. GAAP FINANCIAL MEASURES Note: All dollars in thousands For periods presented below, return on average tangible common equity is a non-GAAP financial measure derived from GAAP-based amounts. We calculate this figure by excluding amortization of intangible assets expense from net income and excluding the average intangible assets and average goodwill from the average stockholders' equity during the periods indicated. Management believes that the exclusion of such items from this financial measure provides useful information to gain an understanding of the operating results of our core business. The adjusted net income, adjusted return on average equity, and adjusted return on average tangible common equity further exclude the nonrecurring items to provide a better comparison to the financial results of prior periods. 1. Adjusted by statutory tax rate 2Q 2025 1Q 2025 2Q 2024 Net income 32,061$36,021$41,905$ Plus: amortization of intangible assets expense 2,501 2,566 2,763 Less: tax adjustment (1) 705 723 781 Net income for average tangible common equity 33,857$37,864$43,887$ Add: FDIC special assessment (25) 25 (161) Add: merger-related expense 6,712 - - Less: tax adjustment(1) 1,884 7 (45) Adjusted net income for average tangible common equity 38,660$37,882$43,771$ Average stockholders' equity 2,964,049$2,956,846$2,908,015$ Less: average intangible assets 28,613 31,168 39,338 Less: average goodwill 901,312 901,312 901,312 Adjusted average tangible common equity 2,034,124$2,024,366$1,967,365$ Return on average equity (annualized) 4.33% 4.87% 5.76% Adjusted return on average equity (annualized) 4.97% 4.88% 5.75% Return on average tangible common equity (annualized) 6.66% 7.48% 8.92% Adjusted return on average tangible common equity (annualized) 7.60% 7.49% 8.90%

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42© 2025 Pacific Premier Bancorp, Inc. \| All rights reserved NON-U.S. GAAP FINANCIAL MEASURES Efficiency ratio is a non-GAAP financial measure derived from GAAP-based amounts. This figure represents the ratio of noninterest expense, less amortization of intangible assets, merger-related expense, and other real estate owned operations, where applicable, to the sum of net interest income before provision for credit losses and total noninterest income less net gain from debt extinguishment. The adjusted efficiency ratio further excludes the FDIC special assessment to provide a better comparison to the financial results of prior periods. Management believes that the exclusion of such items from this financial measure provides useful information to gain an understanding of the operating results of our core business. Q2 2025 Q1 2025 Q2 2024 Total noninterest expense 104,376$100,292$97,567$ Less: amortization of intangible assets expense 2,501 2,566 2,763 Less: merger-related expense 6,712 - - Noninterest expense, adjusted 95,163 97,726 94,804 Less: FDIC special assessment (25) 25 (161) Adjusted noninterest expense excluding FDIC special assessment 95,188$97,701$94,965$ Net interest income before provision for credit losses 126,755$123,367$136,394$ Add: total noninterest income 17,565 21,465 18,222 Less: net loss from other real estate owned - - (28) Less: net loss from debt extinguishment (1,315) - - Revenue, adjusted 145,635$144,832$154,644$ Efficiency ratio 65.3% 67.5% 61.3% Adjusted efficiency ratio excluding FDIC special assessment 65.4% 67.5% 61.4%

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43© 2025 Pacific Premier Bancorp, Inc. \| All rights reserved NON-U.S. GAAP FINANCIAL MEASURES Cost of non-maturity deposits is a non-GAAP financial measure derived from GAAP-based amounts. Cost of non-maturity deposits is calculated as the ratio of non- maturity deposit interest expense to average non-maturity deposits. We calculate non-maturity deposit interest expense by excluding interest expense for all certificates of deposit from total deposit expense, and we calculate average non-maturity deposits by excluding all certificates of deposit from total deposits. Management believes cost of non-maturity deposits is a useful measure to assess the Company's deposit base, including its potential volatility. Note: All dollars in thousands Q2 2025 Q1 2025 Q2 2024 Total deposits interest expense 58,376$59,573$64,229$ Less: certificates of deposit interest expense 16,950 18,512 21,115 Less: brokered certificates of deposit interest expense 3,620 3,789 6,506 Non-maturity deposit expense 37,806$37,272$36,608$ Total average deposits 14,610,202$14,635,422$14,941,573$ Less: average certificates of deposit 1,747,641 1,780,043 1,830,516 Less: average brokered certificates of deposits 283,812 300,424 542,699 Average non-maturity deposits 12,578,749$12,554,955$12,568,358$ Cost of non-maturity deposits 1.21% 1.20% 1.17%

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