Story updated at 10:20 a.m. Oct. 5:

The holding company for Pacific Premier Bank, Pacific Premier Bancorp, has been ranked 21^st on Fortune magazine’s Fastest Growing Companies for 2017.

The magazine ranks publicly traded companies based on a formula that considers revenue growth rate, earnings per share growth rate and three-year annualized total return for the period that ended on June 30, according to a news release from Pacific Premier on Oct. 3.

“We look forward to continuing to generate profitable growth and creating additional value for our shareholders in the future,” Steve Gardner, president and CEO of Pacific Premier Bancorp, said in the news release.

Pacific Premier Bank, which has branches in Santa Barbara, Santa Maria, Arroyo Grande, San Luis Obispo, Atascadero, Cambria, Morro Bay, Templeton and Paso Robles, is one of the largest banks headquartered in California with about $6.4 billion in assets.

Pacific Premier Bancorp announced on Oct. 4 that it will be added to the S&P SmallCap 600 Index before the open of trading on Oct. 12, according to a news release issued by S&P Dow Jones Indices.

• Contact Robert Shutt at rshutt@pacbiztimes.com.