Pacific Premier Bancorp, Inc. (PPBI)

Pacific Premier Bancorp Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	694.33	717.62	673.72	622.03	577.56	485.66
Interest Income on Investments	168.41	170.37	94.86	74.71	53.17	40.44
Total Interest Income	862.74	887.99	768.58	696.74	630.73	526.11
Interest Paid on Deposits	247.37	217.45	40.09	11.82	34.34	58.3
Interest Paid on Borrowings	37.51	45.5	31.37	22.55	22.18	20.51
Total Interest Expense	284.88	262.95	71.47	34.37	56.52	78.81
Net Interest Income	577.86	625.04	697.11	662.37	574.21	447.3
Net Interest Income Growth (YoY)	-16.40%	-10.34%	5.24%	15.35%	28.37%	13.90%
Trust Income	38.34	39.13	41.61	38.18	16.65	-
Gain (Loss) on Sale of Investments	-254.07	-253.93	1.71	16.92	13.88	8.57
Other Non-Interest Income	32.46	29.05	31.5	39.29	25.47	14.86
Total Non-Interest Income	-172.44	-174.71	88.75	108.03	71.33	35.85
Non-Interest Income Growth (YoY)	-	-	-17.85%	51.46%	98.97%	15.54%
Revenues Before Loan Losses	405.42	450.33	785.86	770.4	645.54	483.15
Provision for Loan Losses	10.73	10.13	4.83	-70.88	191.82	5.72
Revenue	394.69	440.2	781.03	841.28	453.72	477.43
Revenue Growth (YoY)	-48.42%	-43.64%	-7.16%	85.42%	-4.97%	14.91%
Salaries and Employee Benefits	192.24	194.3	206.32	202.43	169.59	128.66
Federal Deposit Insurance	11.09	11.37	5.77	5.27	3.57	0.76
Amortization of Goodwill & Intangibles	11.68	12.3	13.98	15.94	17.07	17.25
Selling, General & Administrative	120.43	126.15	123.69	116.7	103.39	77.68
Other Non-Interest Expense	69.57	62.61	46.91	39.94	38.37	34.06
Total Non-Interest Expense	405.16	406.95	396.67	380.27	331.99	258.41
EBT Excluding Unusual Items	-10.47	33.25	384.36	461.01	121.73	219.02
Other Unusual Items	0.79	0.79	-	-0.18	-	-0.61
Pretax Income	-9.68	34.04	384.36	460.82	72.6	217.75
Income Tax Expense	-9.26	3.19	100.62	120.93	12.25	58.04
Net Income	-0.42	30.85	283.74	339.89	60.35	159.72
Preferred Dividends & Other Adjustments	1.8	2.06	3.41	3.52	0.8	1.65
Net Income to Common	-2.22	28.79	280.34	336.37	59.55	158.07
Net Income Growth	-	-89.13%	-16.52%	463.19%	-62.21%	29.49%
Basic Shares Outstanding	94	94	94	94	79	60
Diluted Shares Outstanding	94	94	94	94	80	61
Shares Change (YoY)	0.16%	0.15%	0.08%	18.24%	31.00%	11.13%
EPS (Basic)	-0.02	0.31	2.99	3.60	0.75	2.62
EPS (Diluted)	-0.03	0.31	2.98	3.58	0.75	2.60
EPS Growth	-	-89.73%	-16.76%	377.33%	-71.15%	15.04%
Dividend Per Share	1.320	1.320	1.320	1.320	1.080	0.910
Dividend Growth	0%	0%	0%	22.22%	18.68%	313.64%
Effective Tax Rate	-	9.37%	26.18%	26.24%	16.87%	26.65%

Source: S&P Capital IQ. Banks template. Financial Sources.