Pacific Premier Bancorp Inc (PPBI) financial statements (2020 and earlier)

Company profile

Business Address 17901 VON KARMAN AVE
IRVINE, CA 92614
State of Incorp. DE
Fiscal Year End December 31
SIC 6022 - State Commercial Banks (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments32720320015778  
Cash and cash equivalents32720320015778  
Total current assets:32720320015778  
Noncurrent Assets
Operating lease, right-of-use asset43
Property, plant and equipment596553129910
Intangible assets, net (including goodwill)892909536112582924
Goodwill808809493102512317
Intangible assets, net (excluding goodwill)83101439767
Amortization method qualified affordable housing project investments54391278
Total noncurrent assets:1,0481,013601131753834
Other undisclosed assets10,40110,2717,2233,7482,6372,0011,680
TOTAL ASSETS:11,77611,4878,0254,0362,7912,0391,714
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt  292929  
Total current liabilities:  292929  
Noncurrent Liabilities
Liabilities, other than long-term debt2313112  
Deferred income tax liabilities1
Qualified affordable housing project investments, commitment2113112
Total noncurrent liabilities:2313112  
Other undisclosed liabilities9,7419,5046,7533,5472,4611,8391,539
Total liabilities:9,7639,5186,7833,5772,4921,8391,539
Stockholders' equity
Stockholders' equity attributable to parent2,0131,9701,242460299200175
Common stock1100000
Additional paid in capital1,5941,6741,064345221147143
Accumulated other comprehensive income (loss)22(6)0(3)01(3)
Retained earnings396300177117775135
Total stockholders' equity:2,0131,9701,242460299200175
TOTAL LIABILITIES AND EQUITY:11,77611,4878,0254,0362,7912,0391,714

Income statement (P&L) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues492426267170121  
Net investment income486415251158111  
Cost of revenue(6)(8)(9)(9)(6)(5)(2)
Provision for loan, lease, and other losses(6)(8)
Financial services costs(9)(9)(6)(5)(2)
Gross profit:487418258162114(5)(2)
Operating expenses(85)(92)(148)(82)(62)(37)(37)
Other operating income, net
(Noninterest Income, Other Operating Income)
44114221
Operating income (loss):4063301228354(39)(37)
Nonoperating expense     (2)(2)
Investment income, nonoperating     (3)(3)
Bank owned life insurance income     11
Interest and debt expense(79)(56)(23)(14)(12)(8)(5)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(109)(109)3(4)(1)7659
Income from continuing operations before income taxes:21816610265412715
Income tax expense(58)(42)(42)(25)(15)(11)(6)
Net income attributable to parent:160123604026179
Undistributed earnings (loss) allocated to participating securities, basic(2)  
Net income available to common stockholders, diluted:158123604026179

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:160123604026179
Other comprehensive income (loss)  (0)2(0)  
Comprehensive income:160123604225179
Other undisclosed comprehensive income (loss), net of tax, attributable to parent27(6)3(5)04(4)
Comprehensive income, net of tax, attributable to parent:187117633725205

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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