George M. Pereira is the CEO of Pacific Premier Bancorp, a position he has held since August 2021. He has a strong background in finance, demonstrated by his extensive experience at Charles Schwab Investment Management, where he served as COO...

George M. Pereira is the CEO of Pacific Premier Bancorp, a position he has held since August 2021. He has a strong background in finance, demonstrated by his extensive experience at Charles Schwab Investment Management, where he served as COO and CFO. Pereira holds a Master’s Degree in Business Administration from Harvard Business School, reflecting his solid educational foundation. His leadership style is rooted in a commitment to performance metrics that align with both shareholder interests and broader financial objectives. In his short tenure, he has already made significant contributions to the business, including an overhaul of compensation structures to better attract and retain talent. Additionally, he is known for his involvement in various committees focusing on enterprise risk and audit, indicating a strong emphasis on governance and oversight. Beyond his professional achievements, Pereira is recognized for being an independent director and a Hispanic leader in the finance sector, contributing to diversity in leadership roles. This blend of experience and new perspectives positions him to guide Pacific Premier towards future growth and success.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Pacific Premier Bancorp CEOs

P

George M. Pereira

CEO of Pacific Premier Bancorp

Education

Master's Degree in Business Administration from Harvard Business School.

Field of Expertise

Finance & Banking - Finance

Sector of Economy

Financial Services

Born

May 10, 1971 - 53 years ago

CEO of Pacific Premier Bancorp for

3 years 7 months (Aug 2021 - Present)

Previous Experience

Served as CEO of various financial institutions, extensive experience in banking and finance.

Rivals

Competitors/colleagues of George M. Pereira

U

Richard M. Adams, Jr.

CEO of United Bankshares

2023 Compensation

Stock

$609.36K

Salary

$1.00M

Bonus

$1.09M

Other

$59.30K

Total Holdings

$6.01M

C

Chang M. Liu

CEO of Cathay General Bancorp

2023 Compensation

Stock

$5.13M

Salary

$920.00K

Bonus

$784.60K

Other

$16.50K

Total Holdings

$137.68K

S

George A. Makris, Jr.

CEO of Simmons First National

2022 Compensation

Stock

$2.30M

Salary

$887.62K

Bonus

$40.21K

Other

$146.36K

Total Holdings

$26.21M

H

Kevin S. Kim

CEO of Hope Bancorp

2023 Compensation

Stock

$700.98K

Salary

$1.05M

Bonus

$1.05K

Other

$60.71K

Total Holdings

$10.60M

F

Mark K. Hardwick

CEO of First Merchants Corporation

2023 Compensation

Stock

$611.04K

Salary

$728.00K

Bonus

$369.81K

Other

$78.87K

Total Holdings

$128.69K

R

Kevin D. Chapman

CEO of Renasant

2023 Compensation

Stock

$0.00

Salary

$401.63K

Bonus

$401.63K

Other

$0.00

Total Holdings

$5.13M

Holdings

See how much did George M. Pereira make over time.

George Pereira's holdings are a topic of interest post-appointment as CEO of Pacific Premier Bancorp. Since joining, his financial stakes in the company have grown significantly. In 2022, his total compensation was approximately $2.5 million, a notable increase reflecting the...

George Pereira's holdings are a topic of interest post-appointment as CEO of Pacific Premier Bancorp. Since joining, his financial stakes in the company have grown significantly. In 2022, his total compensation was approximately $2.5 million, a notable increase reflecting the bank's performance and his contributions as a leader. Most of his wealth is tied to the restricted stock units (RSUs) which will vest over the next few years. At his appointment, he began with minimal holdings, but he has taken active steps toward increasing his involvement in company shares. As of now, he holds around 70,301 RSUs, part of a performance-based structure that aims to align his interests with those of the company and its shareholders. This indicates a significant commitment to the company's success, as his financial viability is linked directly to the bank's performance metrics. His stock will vest progressively, showing a long-term outlook towards his alignment with the firm’s growth and prosperity over the coming years.

Insider Trading

See recent insider trades of George M. Pereira.

PPBI

3,317 shares

PPBI

Mar 15, 2024

Received

PPBI

3,011 shares

PPBI

Mar 15, 2023

Received

PPBI

2,031 shares

PPBI

Mar 15, 2022

Received

Compensation History

See how much did George M. Pereira make over time.

George Pereira's compensation package at Pacific Premier Bancorp reflects both his leadership role and the company's performance. In 2022, he earned a total of about $2.5 million, consisting of a base salary of $950,000, a bonus of $522,500 based on performance metrics, and over $2 million from vested stock units. The performance metrics linked to his compensation focus on return on assets, efficiency, and credit risk, aligning his financial incentives with the overall health of the organization. This structure is designed to attract and retain top talent while ensuring alignment with shareholder interests. In 2021, before becoming CEO, he earned a mere $8,563 as a non-employee director. The considerable increase in his earnings illustrates the board's confidence in his capabilities and the strategic direction he is leading the bank. His compensation strategy emphasizes long-term performance, which is crucial in the banking sector where stability is key.

Year

2022

Total Compensation

$3.52M

Salary

$950.00K

Board Justification

The compensation philosophy emphasizes alignment with stockholder interests, balancing short-term and long-term performance, and ensuring competitive pay to attract and retain key executives.

Bonus

$522.50K

Board Justification

Annual cash incentive based on performance metrics including relative ROAA, efficiency ratio, credit risk, and strategic objectives, resulting in a payout of 55% of target due to the impact of the securities portfolio repositioning transaction and FDIC special assessment.

Other

$0.00

Board Justification

No additional compensation reported outside of salary, bonus, and stock awards.

Restricted Stock

$2.05M(70.3K RSU)

Board Justification

Restricted stock awards that vested in 2023, with 1/3 vesting annually over three years, totaling 70,253 shares.

Performance Metrics

Performance metrics for 2023 included relative ROAA, efficiency ratio, credit risk, and strategic objectives.

Other Pacific Premier Bancorp CEOs

Here are other CEOs of Pacific Premier Bancorp

Steven R. Gardner

Ex-CEO of Pacific Premier Bancorp

September 2004 - August 2021