Pacific Premier Bancorp Inc (PPBI) financial statements (2021 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)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments881642159108 166
Cash and cash equivalents881642159108 166
Total current assets:881642159108 166
Noncurrent Assets
Operating lease, right-of-use asset76818653 42
Property, plant and equipment79807762 63
Intangible assets, net (including goodwill)984988996888 896
Goodwill899898901808 808
Intangible assets, net (excluding goodwill)86909579 88
Deferred income tax assets8910810615  
Amortization method qualified affordable housing project investments87     
Total noncurrent assets:1,3151,2581,2641,017 1,001
Other undisclosed assets17,54117,94519,09410,851 10,644
TOTAL ASSETS:19,73719,84420,51711,976 11,811
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Liabilities, other than long-term debt18    0
Deferred income tax liabilities     0
Qualified affordable housing project investments, commitment18     
Total noncurrent liabilities:18    0
Other undisclosed liabilities16,97217,15617,8629,973 9,822
Total liabilities:16,99017,15617,8629,973 9,822
Stockholders' equity
Stockholders' equity attributable to parent2,7472,6882,6552,003 1,989
Common stock1111 1
Additional paid in capital2,3552,3522,3481,597 1,590
Accumulated other comprehensive income60465844 30
Retained earnings331290247361 368
Total stockholders' equity:2,7472,6882,6552,003 1,989
TOTAL LIABILITIES AND EQUITY:19,73719,84420,51711,976 11,811

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

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
Revenues164177131114(371)125
Net investment income163167133113 123
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
(2)(4)(161)(25) (2)
Gross profit:162173(29)89 124
Operating expenses(37)(36)(59)(23) (21)
Other operating income, net
(Noninterest Income, Other Operating Income)
4332 1
Operating income (loss):130140(86)68 104
Nonoperating income
(Bank Owned Life Insurance Income)
2211 1
Interest and debt expense(13)(15)(14)(15) (20)
Other undisclosed loss from continuing operations before equity method investments, income taxes(30)(37)(41)(23) (28)
Income (loss) from continuing operations before income taxes:9091(139)32 57
Income tax expense (benefit)(23)(24)40(6) (15)
Net income (loss) attributable to parent:6767(99)26 41
Undistributed earnings (loss) allocated to participating securities, basic   (0) (0)
Other undisclosed net loss available to common stockholders, basic(0)(1)(0)   
Net income (loss) available to common stockholders, diluted:6766(99)26 41

Comprehensive Income ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
Net income (loss):6767(99)26 41
Comprehensive income (loss):6767(99)26 41
Other undisclosed comprehensive income (loss), net of tax, attributable to parent15(13)1423 8
Comprehensive income (loss), net of tax, attributable to parent:8254(85)49 49

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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