Pacific Premier Bancorp Inc (PPBI) financial statements (2022 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments305881 203200157
Cash and cash equivalents305881 203200157
Total current assets:305881 203200157
Noncurrent Assets
Operating lease, right-of-use asset6476 
Property, plant and equipment7279 655312
Intangible assets, net (including goodwill)971984 909536112
Goodwill901899 809493102
Intangible assets, net (excluding goodwill)7086 101439
Deferred income tax assets8789 
Amortization method qualified affordable housing project investments8487 39127
Total noncurrent assets:1,2781,315 1,013601131
Other undisclosed assets19,51217,541 10,2717,2233,748
TOTAL ASSETS:21,09419,737 11,4878,0254,036
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt    2929
Total current liabilities:    2929
Noncurrent Liabilities
Liabilities, other than long-term debt1718 1311
Qualified affordable housing project investments, commitment1718 1311
Total noncurrent liabilities:1718 1311
Other undisclosed liabilities18,19116,972 9,5046,7533,547
Total liabilities:18,20816,990 9,5186,7833,577
Stockholders' equity
Stockholders' equity attributable to parent2,8862,747 1,9701,242460
Common stock11 100
Additional paid in capital2,3512,355 1,6741,064345
Accumulated other comprehensive income (loss)(8)60 (6)0(3)
Retained earnings542331 300177117
Total stockholders' equity:2,8862,747 1,9701,242460
TOTAL LIABILITIES AND EQUITY:21,09419,737 11,4878,0254,036

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues626586 426267170
Net investment income622578 415251158
Cost of revenue (192) (8)(9)(9)
Provision for loan, lease, and other losses (192) (8)
Financial services costs(9)(9)
Gross profit:626394 418258162
Operating expenses(119)(159) (92)(148)(82)
Other operating income, net
(Noninterest Income, Other Operating Income)
1312 4114
Operating income:520248 33012283
Nonoperating income
(Bank Owned Life Insurance Income)
117    
Interest and debt expense(34)(57) (56)(23)(14)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes (126) (109)3(4)
Income from continuing operations before equity method investments, income taxes:49773 16610265
Other undisclosed loss from continuing operations before income taxes(37)     
Income from continuing operations before income taxes:46173 16610265
Income tax expense(121)(12) (42)(42)(25)
Net income attributable to parent:34060 1236040
Undistributed earnings (loss) allocated to participating securities, basic(4)(1)   
Net income available to common stockholders, diluted:33660 1236040

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income:34060 1236040
Other comprehensive income (loss)    (0)2
Comprehensive income:34060 1236042
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(68)39 (6)3(5)
Comprehensive income, net of tax, attributable to parent:27299 1176337

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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