Pacific premier bancorp inc (PPBI)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Sep'10Jun'10
INTEREST INCOME
Loans

113,265

119,353

122,974

121,860

121,476

126,341

119,271

85,625

84,173

80,122

64,915

63,554

42,436

43,006

40,487

39,035

35,407

30,181

27,935

27,912

25,070

21,694

19,550

17,922

16,585

16,585

14,420

13,688

13,396

13,477

12,847

12,098

11,237

12,391

11,695

11,750

10,533

9,196

8,842

Investment securities and other interest-earning assets

10,524

10,493

9,630

10,554

9,767

9,680

9,605

7,074

6,654

5,562

5,246

5,179

2,991

2,791

1,942

1,839

2,098

1,730

1,812

2,158

1,557

1,358

1,484

1,309

1,437

1,670

1,954

1,248

839

682

779

948

879

746

850

1,059

1,201

1,284

1,148

Total interest income

123,789

129,846

132,604

132,414

131,243

136,021

128,876

92,699

90,827

85,684

70,161

68,733

45,427

45,797

42,429

40,874

37,505

31,911

29,747

30,070

26,627

23,052

21,034

19,231

18,022

18,255

16,374

14,936

14,235

14,159

13,626

13,046

12,116

13,137

12,545

12,809

11,734

10,480

9,990

INTEREST EXPENSE
Interest on transaction accounts

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

223

329

-

364

369

445

416

476

Interest on certificates of deposit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,224

1,427

-

1,636

1,792

1,823

1,886

1,910

Deposits

10,487

13,144

15,878

15,991

13,284

12,041

11,942

7,756

5,914

4,597

3,557

3,081

2,135

2,176

2,136

2,010

2,069

1,713

1,719

1,589

1,606

1,448

1,317

1,203

1,069

968

1,045

1,033

1,019

1,206

1,444

1,447

1,756

1,859

2,000

2,161

2,268

2,302

2,386

FHLB advances and other borrowings

1,081

730

1,214

3,083

4,802

4,701

2,494

2,125

2,023

1,471

1,162

1,175

604

332

314

324

325

370

339

407

375

332

294

255

243

262

244

238

240

253

247

235

235

238

237

235

288

693

685

Subordinated debentures

3,046

3,053

3,177

2,699

1,751

1,733

1,727

1,647

1,609

1,446

1,151

1,139

985

985

970

979

910

991

993

982

971

990

403

75

75

77

77

76

77

79

81

82

84

80

77

77

76

83

77

Total interest expense

14,614

16,927

20,269

21,773

19,837

18,475

16,163

11,528

9,546

7,514

5,870

5,395

3,724

3,493

3,420

3,313

3,304

3,074

3,051

2,978

2,952

2,770

2,014

1,533

1,387

1,307

1,366

1,347

1,336

1,538

1,772

1,764

2,075

2,177

2,314

2,473

2,632

3,078

3,148

Net interest income before provision for credit losses

109,175

112,919

112,335

110,641

111,406

117,546

112,713

81,171

81,281

78,170

64,291

63,338

41,703

42,304

39,009

37,561

34,201

28,837

26,696

27,092

23,675

20,282

19,020

17,698

16,635

16,948

15,008

13,589

12,899

12,621

11,854

11,282

10,041

10,960

10,231

10,336

9,102

7,402

6,842

Provision for credit losses

25,454

2,297

1,562

334

1,526

2,258

1,981

1,761

2,253

2,185

2,049

1,945

2,502

2,054

4,013

1,589

1,120

1,700

1,062

1,833

1,830

1,421

1,284

1,030

949

596

646

322

296

-

145

-

-

527

1,322

1,300

106

397

639

Net interest income after provision for credit losses

83,721

110,622

110,773

110,307

109,880

115,288

110,732

79,410

79,028

75,985

62,242

61,393

39,201

40,250

34,996

35,972

33,081

27,137

25,634

25,259

21,845

18,861

17,736

16,668

15,686

16,352

14,362

13,267

12,603

12,015

11,709

11,282

10,041

10,433

8,909

9,036

8,996

7,005

6,203

Noninterest Income [Abstract]
Loan servicing fees

480

487

546

409

398

408

400

292

345

145

276

143

221

263

288

256

225

348

248

393

344

-1,378

547

282

856

29

237

318

326

326

224

214

177

359

324

160

217

122

142

Earnings on bank-owned life insurance

1,336

864

861

851

910

929

1,270

617

611

625

629

689

336

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net gain from sales of loans

771

1,698

2,313

902

1,729

1,929

2,029

3,843

2,958

3,331

3,439

2,887

2,811

2,387

3,122

2,124

1,906

2,705

2,544

2,721

0

2,679

1,775

1,298

548

1,301

982

222

723

-

-41

10

-

-1,160

16

-2,547

86

-37

-1,625

Net gain from sales of investment securities

7,760

3,671

4,261

212

427

0

1,063

330

6

-252

896

2,093

0

0

512

532

753

-4

38

139

116

1,024

363

98

62

-

305

1,068

-

-

857

174

-

264

845

316

164

388

287

Net gain from other real estate owned

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

18

207

0

0

0

0

-

-

-

-13

-

-16

5

30

41

36

45

37

79

170

154

214

252

330

Gain on FDIC transactions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,340

-

0

0

0

4,189

-

-

Other income

1,754

797

1,228

1,001

1,460

944

530

753

1,414

3,309

936

907

528

734

1,624

703

1,343

482

919

494

427

1,624

1,370

330

119

324

296

371

265

847

420

364

298

319

537

497

349

246

280

Total noninterest income

14,475

9,801

11,430

6,324

7,681

6,970

8,240

8,151

7,666

9,451

8,221

8,759

4,683

4,318

5,968

4,450

4,848

4,217

4,378

4,381

1,469

4,387

4,467

2,471

2,052

2,335

2,321

2,431

1,724

3,194

1,910

6,529

939

257

2,110

-1,093

5,239

674

-1,038

NONINTEREST EXPENSE
Compensation and benefits

34,376

36,409

35,543

33,847

33,388

33,838

37,901

29,274

28,873

25,920

21,707

21,623

14,887

13,815

14,181

13,098

11,739

10,030

9,066

9,171

9,522

6,848

7,490

6,485

6,891

6,286

5,948

5,687

5,097

4,447

4,367

3,947

3,520

3,172

3,363

3,489

3,181

2,070

2,052

Premises and occupancy

8,168

8,113

7,593

7,517

7,535

7,504

7,214

5,045

4,781

4,540

4,016

3,733

2,453

2,531

2,576

2,447

2,283

2,141

2,120

2,082

1,829

1,458

1,723

1,566

1,588

1,575

1,600

1,329

1,293

1,148

1,063

981

878

920

903

878

800

671

645

Data processing

3,253

3,241

3,094

3,036

2,930

3,868

4,095

2,747

2,702

2,498

2,082

2,439

1,187

1,240

1,223

887

911

715

681

716

702

534

420

485

1,131

866

824

755

635

600

582

817

367

384

387

347

301

181

229

Other real estate owned operations, net

14

31

64

62

3

1

0

2

1

13

3

44

12

369

5

-15

8

7

9

56

48

10

11

41

13

8

-1

574

37

672

244

590

147

510

557

167

263

195

537

FDIC insurance premiums

367

-766

-10

740

800

750

1,060

581

611

499

379

818

455

320

442

401

382

345

355

363

314

261

257

266

237

212

201

196

140

172

165

168

133

156

86

303

264

383

334

Legal, audit and professional expense

3,126

3,268

3,058

3,545

2,998

3,105

3,280

1,816

1,839

1,924

1,978

1,178

857

830

737

446

865

826

505

661

521

637

625

385

593

340

679

249

595

623

473

552

486

160

385

501

392

426

264

Marketing expense

1,412

1,713

1,767

1,425

1,497

1,700

1,569

1,352

1,530

1,364

1,248

1,006

818

865

1,683

803

630

519

567

615

603

472

318

242

176

311

307

264

206

154

225

264

215

351

379

328

229

213

208

Office, telecommunications and postage expense

1,103

1,105

1,200

1,311

1,210

1,579

1,538

1,115

1,080

927

835

922

433

441

612

573

481

478

525

505

499

421

441

345

369

353

375

322

263

218

232

217

163

245

244

194

167

158

128

Loan expense

822

1,064

1,137

1,005

873

1,046

1,139

594

591

746

1,017

1,068

468

714

534

540

403

439

370

263

193

215

258

191

184

295

282

184

248

280

219

177

236

-

-

-

-

-

-

Deposit expense

4,988

4,537

3,478

3,668

3,583

3,105

2,833

2,302

1,676

1,478

1,655

1,669

1,444

1,388

1,315

1,196

1,005

938

917

982

805

709

747

747

761

646

497

515

160

52

38

34

64

-

-

-

-

-

-

Merger-related expense

1,724

0

-4

5

655

2,597

13,978

943

936

5,436

503

10,117

4,946

772

0

497

3,119

407

400

0

3,992

864

0

0

626

203

0

4,978

1,745

-

-

-

-

-

-

-

-

-

-

Core deposit intangible (“CDI”) amortization

3,965

4,247

4,281

4,281

4,436

4,631

4,693

1,996

2,274

2,111

1,761

1,761

511

525

525

645

344

345

344

344

314

-

254

254

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other expense

3,313

3,254

4,135

3,494

3,669

3,515

3,482

2,309

2,914

2,439

2,428

2,077

1,276

1,567

2,027

2,177

1,463

1,349

1,515

1,456

1,127

3,533

799

634

972

150

1,059

803

760

611

423

458

432

-534

770

648

762

512

411

Total noninterest expense

66,631

66,216

65,336

63,936

63,577

67,239

82,782

50,076

49,808

49,895

39,612

48,455

29,747

25,377

25,860

23,695

23,633

18,539

17,374

17,214

20,469

16,468

13,343

11,641

13,541

12,009

11,771

15,856

11,179

8,977

8,031

8,205

6,641

6,616

7,074

6,855

6,359

4,809

4,808

Net income before income taxes

31,565

54,207

56,867

52,695

53,984

55,019

36,190

37,485

36,886

35,541

30,851

21,697

14,137

19,191

15,104

16,727

14,296

12,815

12,638

12,426

2,845

6,780

8,860

7,498

4,197

6,678

4,912

-158

3,148

6,232

5,588

9,606

4,339

4,074

3,945

1,088

7,876

2,870

357

Income tax

5,825

13,109

15,492

14,168

15,266

15,376

7,798

10,182

8,884

19,370

10,619

7,521

4,616

7,238

5,877

6,358

5,742

4,750

4,801

4,601

1,056

2,889

3,410

2,855

1,565

2,474

1,846

91

1,176

2,421

2,126

3,795

1,647

1,519

1,485

303

3,104

1,025

20

Net Income (Loss) Attributable to Parent

25,740

41,098

41,375

38,527

38,718

39,643

28,392

27,303

28,002

16,171

20,232

14,176

9,521

11,953

9,227

10,369

8,554

8,065

7,837

7,825

1,789

3,891

5,450

4,643

2,632

4,204

3,066

-249

1,972

3,811

3,462

5,811

2,692

2,555

2,460

785

4,772

1,845

337

Earnings Per Share [Abstract]
Earnings Per Share, Basic

0.43

0.69

0.69

0.62

0.62

0.64

0.46

0.59

0.61

0.37

0.51

0.36

0.35

0.44

0.34

0.38

0.33

0.38

0.36

0.36

0.09

0.22

0.32

0.28

0.15

0.26

0.19

-0.02

0.14

0.33

0.34

0.56

0.26

0.25

0.25

0.08

0.47

0.18

0.03

Earnings Per Share, Diluted

0.43

0.69

0.69

0.62

0.62

0.63

0.46

0.58

0.60

0.36

0.50

0.35

0.34

0.43

0.33

0.37

0.33

0.37

0.36

0.36

0.09

0.23

0.31

0.27

0.15

0.25

0.18

-0.02

0.13

0.32

0.32

0.55

0.25

0.24

0.23

0.08

0.44

0.17

0.03

WEIGHTED AVERAGE SHARES OUTSTANDING
Weighted Average Number of Shares Outstanding, Basic

59,007

58,816

59,293

61,308

61,987

61,917

61,727

46,053

45,893

43,797

39,709

39,586

27,528

27,394

27,387

27,378

25,555

21,510

21,510

21,493

20,091

16,951

17,069

17,124

17,041

16,683

16,640

15,516

14,355

11,287

10,330

10,329

10,335

10,150

10,084

10,084

10,049

10,033

10,033

Weighted Average Number of Shares Outstanding, Diluted

59,189

59,182

59,670

61,661

62,285

62,457

62,361

46,702

46,652

44,614

40,486

40,267

28,197

28,027

27,925

27,845

25,952

21,941

21,866

21,828

20,382

17,180

17,342

17,476

17,376

18,323

17,482

15,516

15,117

11,808

10,832

10,669

10,626

10,516

10,570

10,578

10,857

11,025

11,059

Service charges on deposit accounts
Noninterest income

1,715

1,558

1,440

1,441

1,330

1,351

1,570

1,057

1,150

1,121

946

866

341

934

422

817

828

686

629

634

582

-

412

463

454

-

485

457

440

-

486

472

501

-

558

635

448

207

208

Other service fee income
Noninterest income

311

359

360

363

356

270

317

169

146

122

851

495

379

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Debit Card [Member]
Noninterest income

348

367

421

1,145

1,071

1,139

1,061

1,090

1,036

1,050

248

679

67

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-