PACIFIC PREMIER BANCORP INC PPBI Income Statement

Pacific premier bancorp inc (PPBI)

Income statement / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Sep'10	Jun'10
INTEREST INCOME
Loans
477,452	485,663	492,651	488,948	452,713	415,410	369,191	314,835	292,764	251,027	213,911	189,483	164,964	157,935	145,110	132,558	121,435	111,098	102,611	94,226	84,236	75,751	70,642	65,512	61,278	58,089	54,981	53,408	51,818	49,659	48,573	47,421	47,073	46,369	43,174	40,321	0	0	0
Investment securities and other interest-earning assets
41,201	40,444	39,631	39,606	36,126	33,013	28,895	24,536	22,641	18,978	16,207	12,903	9,563	8,670	7,609	7,479	7,798	7,257	6,885	6,557	5,708	5,588	5,900	6,370	6,309	5,711	4,723	3,548	3,248	3,288	3,352	3,423	3,534	3,856	4,394	4,692	0	0	0
Total interest income
518,653	526,107	532,282	528,554	488,839	448,423	398,086	339,371	315,405	270,005	230,118	202,386	174,527	166,605	152,719	140,037	129,233	118,355	109,496	100,783	89,944	81,339	76,542	71,882	67,587	63,800	59,704	56,956	55,066	52,947	51,925	50,844	50,607	50,225	47,568	45,013	0	0	0
INTEREST EXPENSE
Interest on transaction accounts
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	1,594	1,706	0	0	0
Interest on certificates of deposit
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	7,137	7,411	0	0	0
Deposits
55,500	58,297	57,194	53,258	45,023	37,653	30,209	21,824	17,149	13,370	10,949	9,528	8,457	8,391	7,928	7,511	7,090	6,627	6,362	5,960	5,574	5,037	4,557	4,285	4,115	4,065	4,303	4,702	5,116	5,853	6,506	7,062	7,776	8,288	8,731	9,117	0	0	0
FHLB advances and other borrowings
6,108	9,829	13,800	15,080	14,122	11,343	8,113	6,781	5,831	4,412	3,273	2,425	1,574	1,295	1,333	1,358	1,441	1,491	1,453	1,408	1,256	1,124	1,054	1,004	987	984	975	978	975	970	955	945	945	998	1,453	1,901	0	0	0
Subordinated debentures
11,975	10,680	9,360	7,910	6,858	6,716	6,429	5,853	5,345	4,721	4,260	4,079	3,919	3,844	3,850	3,873	3,876	3,937	3,936	3,346	2,439	1,543	630	304	305	307	309	313	319	326	327	323	318	310	313	313	0	0	0
Total interest expense
73,583	78,806	80,354	76,248	66,003	55,712	44,751	34,458	28,325	22,503	18,482	16,032	13,950	13,530	13,111	12,742	12,407	12,055	11,751	10,714	9,269	7,704	6,241	5,593	5,407	5,356	5,587	5,993	6,410	7,149	7,788	8,330	9,039	9,596	10,497	11,331	0	0	0
Net interest income before provision for credit losses
445,070	447,301	451,928	452,306	422,836	392,711	353,335	304,913	287,080	247,502	211,636	186,354	160,577	153,075	139,608	127,295	116,826	106,300	97,745	90,069	80,675	73,635	70,301	66,289	62,180	58,444	54,117	50,963	48,656	45,798	44,137	42,514	41,568	40,629	37,071	33,682	0	0	0
Provision for credit losses
29,647	5,719	5,680	6,099	7,526	8,253	8,180	8,248	8,432	8,681	8,550	10,514	10,158	8,776	8,422	5,471	5,715	6,425	6,146	6,368	5,565	4,684	3,859	3,221	2,513	1,860	1,409	0	0	-	0	-	-	3,255	3,125	2,442	0	0	0
Net interest income after provision for credit losses
415,423	441,582	446,248	446,207	415,310	384,458	345,155	296,665	278,648	238,821	203,086	175,840	150,419	144,299	131,186	121,824	111,111	99,875	91,599	83,701	75,110	68,951	66,442	63,068	59,667	56,584	52,247	49,594	47,609	45,047	43,465	40,665	38,419	37,374	33,946	31,240	0	0	0
Noninterest Income [Abstract]
Loan servicing fees
1,922	1,840	1,761	1,615	1,498	1,445	1,182	1,058	909	785	903	915	1,028	1,032	1,117	1,077	1,214	1,333	-393	-94	-205	307	1,714	1,404	1,440	910	1,207	1,194	1,090	941	974	1,074	1,020	1,060	823	641	0	0	0
Earnings on bank-owned life insurance
3,912	3,486	3,551	3,960	3,726	3,427	3,123	2,482	2,554	2,279	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net gain from sales of loans
5,684	6,642	6,873	6,589	9,530	10,759	12,161	13,571	12,615	12,468	11,524	11,207	10,444	9,539	9,857	9,279	9,876	7,970	7,944	7,175	5,752	6,300	4,922	4,129	3,053	3,228	1,886	914	0	-	0	0	-	-3,605	-2,482	-4,123	0	0	0
Net gain from sales of investment securities
15,904	8,571	4,900	1,702	1,820	1,399	1,147	980	2,743	2,737	2,989	2,605	1,044	1,797	1,793	1,319	926	289	1,317	1,642	1,601	1,547	828	1,533	0	-	0	0	-	-	0	0	-	1,589	1,713	1,155	0	0	0
Net gain from other real estate owned
-	-	-	-	-	-	-	-	-	-	-	-	-	225	225	225	207	0	0	0	0	-	-	-	0	-	60	112	152	159	197	331	440	617	790	950	0	0	0
Gain on FDIC transactions
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	4,189	0	0	0	-	-
Other income
4,780	4,486	4,633	3,935	3,687	3,641	6,006	6,412	6,566	5,680	3,105	3,793	3,589	4,404	4,152	3,447	3,238	2,322	3,464	3,915	3,751	3,443	2,143	1,069	1,110	1,256	1,779	1,903	1,896	1,929	1,401	1,518	1,651	1,702	1,629	1,372	0	0	0
Total noninterest income
42,030	35,236	32,405	29,215	31,042	31,027	33,508	33,489	34,097	31,114	25,981	23,728	19,419	19,584	19,483	17,893	17,824	14,445	14,615	14,704	12,794	13,377	11,325	9,179	9,139	8,811	9,670	9,259	13,357	12,572	9,635	9,835	2,213	6,513	6,930	3,782	0	0	0
NONINTEREST EXPENSE
Compensation and benefits
140,175	139,187	136,616	138,974	134,401	129,886	121,968	105,774	98,123	84,137	72,032	64,506	55,981	52,833	49,048	43,933	40,006	37,789	34,607	33,031	30,345	27,714	27,152	25,610	24,812	23,018	21,179	19,598	17,858	16,281	15,006	14,002	13,544	13,205	12,103	10,792	0	0	0
Premises and occupancy
31,391	30,758	30,149	29,770	27,298	24,544	21,580	18,382	17,070	14,742	12,733	11,293	10,007	9,837	9,447	8,991	8,626	8,172	7,489	7,092	6,576	6,335	6,452	6,329	6,092	5,797	5,370	4,833	4,485	4,070	3,842	3,682	3,579	3,501	3,252	2,994	0	0	0
Data processing
12,624	12,301	12,928	13,929	13,640	13,412	12,042	10,029	9,721	8,206	6,948	6,089	4,537	4,261	3,736	3,194	3,023	2,814	2,633	2,372	2,141	2,570	2,902	3,306	3,576	3,080	2,814	2,572	2,634	2,366	2,150	1,955	1,485	1,419	1,216	1,058	0	0	0
Other real estate owned operations, net
171	160	130	66	6	4	16	19	61	72	428	430	371	367	5	9	80	120	123	125	110	75	73	61	594	618	1,282	1,527	1,543	1,653	1,491	1,804	1,381	1,497	1,182	1,162	0	0	0
FDIC insurance premiums
331	764	2,280	3,350	3,191	3,002	2,751	2,070	2,307	2,151	1,972	2,035	1,618	1,545	1,570	1,483	1,445	1,377	1,293	1,195	1,098	1,021	972	916	846	749	709	673	645	638	622	543	678	809	1,036	1,284	0	0	0
Legal, audit and professional expense
12,997	12,869	12,706	12,928	11,199	10,040	8,859	7,557	6,919	5,937	4,843	3,602	2,870	2,878	2,874	2,642	2,857	2,513	2,324	2,444	2,168	2,240	1,943	1,997	1,861	1,863	2,146	1,940	2,243	2,134	1,671	1,583	1,532	1,438	1,704	1,583	0	0	0
Marketing expense
6,317	6,402	6,389	6,191	6,118	6,151	5,815	5,494	5,148	4,436	3,937	4,372	4,169	3,981	3,635	2,519	2,331	2,304	2,257	2,008	1,635	1,208	1,047	1,036	1,058	1,088	931	849	849	858	1,055	1,209	1,273	1,287	1,149	978	0	0	0
Office, telecommunications and postage expense
4,719	4,826	5,300	5,638	5,442	5,312	4,660	3,957	3,764	3,117	2,631	2,408	2,059	2,107	2,144	2,057	1,989	2,007	1,950	1,866	1,706	1,576	1,508	1,442	1,419	1,313	1,178	1,035	930	830	857	869	846	850	763	647	0	0	0
Loan expense
4,028	4,079	4,061	4,063	3,652	3,370	3,070	2,948	3,422	3,299	3,267	2,784	2,256	2,191	1,916	1,752	1,475	1,265	1,041	929	857	848	928	952	945	1,009	994	931	924	912	0	0	0	-	-	-	-	-	-
Deposit expense
16,671	15,266	13,834	13,189	11,823	9,916	8,289	7,111	6,478	6,246	6,156	5,816	5,343	4,904	4,454	4,056	3,842	3,642	3,413	3,243	3,008	2,964	2,901	2,651	2,419	1,818	1,224	765	284	188	0	0	0	-	-	-	-	-	-
Merger-related expense
1,725	656	3,253	17,235	18,173	18,454	21,293	7,818	16,992	21,002	16,338	15,835	6,215	4,388	4,023	4,423	3,926	4,799	5,256	4,856	4,856	1,490	829	829	5,807	6,926	0	0	0	-	-	-	-	-	-	-	-	-	-
Core deposit intangible (“CDI”) amortization
16,774	17,245	17,629	18,041	15,756	13,594	11,074	8,142	7,907	6,144	4,558	3,322	2,206	2,039	1,859	1,678	1,377	1,347	1,256	1,166	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other expense
14,196	14,552	14,813	14,160	12,975	12,220	11,144	10,090	9,858	8,220	7,348	6,947	7,047	7,234	7,016	6,504	5,783	5,447	7,631	6,915	6,093	5,938	2,555	2,815	2,984	2,772	3,233	2,597	2,252	1,924	779	1,126	1,316	1,646	2,692	2,333	0	0	0
Total noninterest expense
262,119	259,065	260,088	277,534	263,674	249,905	232,561	189,391	187,770	167,709	143,191	129,439	104,679	98,565	91,727	83,241	76,760	73,596	71,525	67,494	61,921	54,993	50,534	48,962	53,177	50,815	47,783	44,043	36,392	31,854	29,493	28,536	27,186	26,904	25,097	22,831	0	0	0
Net income before income taxes
195,334	217,753	218,565	197,888	182,678	165,580	146,102	140,763	124,975	102,226	85,876	70,129	65,159	65,318	58,942	56,476	52,175	40,724	34,689	30,911	25,983	27,335	27,233	23,285	15,629	14,580	14,134	14,810	24,574	25,765	23,607	21,964	13,446	16,983	15,779	12,191	0	0	0
Income tax
48,594	58,035	60,302	52,608	48,622	42,240	46,234	49,055	46,394	42,126	29,994	25,252	24,089	25,215	22,727	21,651	19,894	15,208	13,347	11,956	10,210	10,719	10,304	8,740	5,976	5,587	5,534	5,814	9,518	9,989	9,087	8,446	4,954	6,411	5,917	4,452	0	0	0
Net Income (Loss) Attributable to Parent
146,740	159,718	158,263	145,280	134,056	123,340	99,868	91,708	78,581	60,100	55,882	44,877	41,070	40,103	36,215	34,825	32,281	25,516	21,342	18,955	15,773	16,616	16,929	14,545	9,653	8,993	8,600	8,996	15,056	15,776	14,520	13,518	8,492	10,572	9,862	7,739	0	0	0
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
6,154	5,769	5,562	5,692	5,308	5,128	4,898	4,274	4,083	3,274	3,087	2,563	2,514	3,001	2,753	2,960	2,777	2,531	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	1,848	1,498	0	0	0
Other service fee income
Noninterest income
1,393	1,438	1,349	1,306	1,112	902	754	1,288	1,614	1,847	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Debit Card [Member]
Noninterest income
2,281	3,004	3,776	4,416	4,361	4,326	4,237	3,424	3,013	2,044	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-