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
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments881 20320015778
Cash and cash equivalents881 20320015778
Total current assets:881 20320015778
Noncurrent Assets
Operating lease, right-of-use asset76 
Property, plant and equipment79 6553129
Intangible assets, net (including goodwill)984 90953611258
Goodwill899 80949310251
Intangible assets, net (excluding goodwill)86 1014397
Deferred income tax assets89 
Amortization method qualified affordable housing project investments87 391278
Total noncurrent assets:1,315 1,01360113175
Other undisclosed assets17,541 10,2717,2233,7482,637
TOTAL ASSETS:19,737 11,4878,0254,0362,791
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt   292929
Total current liabilities:   292929
Noncurrent Liabilities
Liabilities, other than long-term debt18 13112
Qualified affordable housing project investments, commitment18 13112
Total noncurrent liabilities:18 13112
Other undisclosed liabilities16,972 9,5046,7533,5472,461
Total liabilities:16,990 9,5186,7833,5772,492
Stockholders' equity
Stockholders' equity attributable to parent2,747 1,9701,242460299
Common stock1 1000
Additional paid in capital2,355 1,6741,064345221
Accumulated other comprehensive income (loss)60 (6)0(3)0
Retained earnings331 30017711777
Total stockholders' equity:2,747 1,9701,242460299
TOTAL LIABILITIES AND EQUITY:19,737 11,4878,0254,0362,791

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues586 426267170121
Net investment income578 415251158111
Cost of revenue(192) (8)(9)(9)(6)
Provision for loan, lease, and other losses(192) (8)
Financial services costs(9)(9)(6)
Gross profit:394 418258162114
Operating expenses(159) (92)(148)(82)(62)
Other operating income, net
(Noninterest Income, Other Operating Income)
12 41142
Operating income:248 3301228354
Nonoperating income
(Bank Owned Life Insurance Income)
7     
Interest and debt expense(57) (56)(23)(14)(12)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(126) (109)3(4)(1)
Income from continuing operations before income taxes:73 1661026541
Income tax expense(12) (42)(42)(25)(15)
Net income attributable to parent:60 123604026
Undistributed earnings (loss) allocated to participating securities, basic(1)   
Net income available to common stockholders, diluted:60 123604026

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:60 123604026
Other comprehensive income (loss)   (0)2(0)
Comprehensive income:60 123604225
Other undisclosed comprehensive income (loss), net of tax, attributable to parent39 (6)3(5)0
Comprehensive income, net of tax, attributable to parent:99 117633725

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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