Pacific Premier Bancorp Inc (PPBI) Financial Statements (2024 and earlier)

Company Profile

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

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,463,6771,424,8961,101,249739,211972,798809,259
Cash and cash equivalents1,463,6771,424,8961,101,249739,211972,798809,259
Total current assets:1,463,6771,424,8961,101,249739,211972,798809,259
Noncurrent Assets
Operating lease, right-of-use asset   50,59654,06256,50460,819
Property, plant and equipment61,52763,45064,54365,65168,43570,453
Intangible assets, net (including goodwill)950,674953,729956,900960,340963,812967,290
Goodwill901,312901,312901,312901,312901,312901,312
Intangible assets, net (excluding goodwill)49,36252,41755,58859,02862,50065,978
Deferred income tax assets184,857177,778183,602190,948163,767133,938
Amortization method qualified affordable housing project investments   71,900   
Total noncurrent assets:1,197,0581,194,9571,327,5411,271,0011,252,5181,232,500
Other undisclosed assets18,087,14818,741,71119,259,22719,608,98919,768,60319,580,537
TOTAL ASSETS:20,747,88321,361,56421,688,01721,619,20121,993,91921,622,296
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Liabilities, other than long-term debt   15,428   
Qualified affordable housing project investments, commitment   15,428   
Total noncurrent liabilities:   15,428   
Other undisclosed liabilities17,898,74918,530,40318,874,20018,883,80519,238,70018,839,278
Total liabilities:17,898,74918,530,40318,889,62818,883,80519,238,70018,839,278
Equity
Equity, attributable to parent2,849,1342,831,1612,798,3892,735,3962,755,2192,783,018
Common stock937937933933933933
Additional paid in capital2,366,6392,361,8302,362,6632,357,7312,353,3612,348,727
Accumulated other comprehensive loss(275,467)(262,729)(265,247)(281,113)(215,018)(144,233)
Retained earnings757,025731,123700,040657,845615,943577,591
Total equity:2,849,1342,831,1612,798,3892,735,3962,755,2192,783,018
TOTAL LIABILITIES AND EQUITY:20,747,88321,361,56421,688,01721,619,20121,993,91921,622,296

Income Statement (P&L) ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues183,197180,987184,608174,661165,591152,098
Net investment income182,852180,958184,457174,204164,455150,604
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
(1,499)(3,016)(2,838)(1,077)(469)(448)
Gross profit:181,698177,971181,770173,584165,122151,650
Operating expenses(30,033)(30,749)(30,542)(29,866)(29,719)(28,620)
Other operating income, net
(Noninterest Income, Other Operating Income)
2,0311,2611,6051,0231,1731,568
Operating income:153,696148,483152,833144,741136,576124,598
Nonoperating income
(Bank Owned Life Insurance Income)
3,4873,3743,3593,3393,2403,221
Interest and debt expense(65,296)(52,733)(36,385)(17,913)(10,461)(6,707)
Income from continuing operations before equity method investments, income taxes:91,88799,124119,807130,167129,355121,112
Other undisclosed loss from continuing operations before income taxes(13,399)(13,696)(19,934)(30,834)(33,840)(31,475)
Income from continuing operations before income taxes:78,48885,42899,87399,33395,51589,637
Income tax expense(20,852)(22,866)(26,200)(25,970)(25,712)(22,733)
Income from continuing operations:57,63662,56273,67373,36369,80366,904
Income before gain (loss) on sale of properties:73,36369,80366,904
Net income attributable to parent:57,63662,56273,67373,36369,80366,904
Other undisclosed net loss available to common stockholders, basic(995)(823)(938)(917)(867)(685)
Net income available to common stockholders, diluted:56,64161,73972,73572,44668,93666,219

Comprehensive Income ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income:57,63662,56273,67373,36369,80366,904
Comprehensive income:57,63662,56273,67373,36369,80366,904
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(12,738)2,51815,866(66,095)(70,785)(136,371)
Comprehensive income (loss), net of tax, attributable to parent:44,89865,08089,5397,268(982)(69,467)

Statements Sources

The financial statements are based on the Company's filings with 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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