Pacific Premier Bancorp, Inc. (PPBI) CEO Steve Gardner on Q4 2021 Results - Earnings Call Transcript

Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) Q4 2021 Earnings Conference Call January 20, 2022 12:00 PM ET

Company Participants

Ronald Nicolas – Senior EVP & CFO
Steve Gardner – Chairman, President & CEO

Conference Call Participants

Matthew Clark – Piper Sandler
David Feaster – Raymond James
Gary Tenner – D.A. Davidson
Chris MacGratty – KBW

Operator

Hello, everybody, and a warm welcome to today's Pacific Premier Bancorp Q4 2021 Conference Call. My name is Melissa, and I will be your Operator. [Operator Instructions] I now have the pleasure of handing over to our host, Steve Gardner, Chairman and CEO. Steve, please go ahead.

Steve Gardner

Thank you, Melissa. Good morning, everyone. I appreciate you joining us today. As you are all aware, earlier this morning, we released our earnings report for the fourth quarter of 2021. We have also published an updated investor presentation that has additional information on our financial performance. If you we have not done so already, we would encourage you to visit our Investor Relations website to download a copy of the presentation. In terms of our call today, I will walk through some of the notable items. Ron Nicolas, our CFO, will review a few of the financial details and then we will open up the call to questions.

I know. In our earnings release and investor presentation. We have our safe harbor statement relative to the forward-looking comments. And I would encourage you all -- all to read through those carefully. We delivered another quarter of strong financial performance that reflects the strength of our diversified commercial banking model. During the fourth quarter, we generated net income of $84.8 million or $0.89 per share as full-year 2021 net income increased to a record $339.9 million or $3.58 per share.

Our full-year 2021 results, highlight the growing