Pacific Premier Bancorp Financials

PPBI

Source SEC Filings (10-K/10-Q) Updated Jun 30, 2025 Currency USD FYE December

Financial Health Signals

Financial Profile 32/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Growth

Pacific Premier Bancorp's revenue declined 7.4% year-over-year, from $888.0M to $822.6M. This contraction results in a growth score of 8/100.

Leverage

Pacific Premier Bancorp has elevated debt relative to equity (D/E of 5.06), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.

Cash Flow

100

Pacific Premier Bancorp converts 27.1% of revenue into free cash flow ($222.8M). This strong cash generation earns a score of 100/100.

Returns

Pacific Premier Bancorp generates a 5.4% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 21/100. This is up from 1.1% the prior year.

Piotroski F-Score Neutral

4/9

Pacific Premier Bancorp passes 4 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.

Earnings Quality Cash-Backed

1.43x

For every $1 of reported earnings, Pacific Premier Bancorp generates $1.43 in operating cash flow ($226.5M OCF vs $158.8M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

This page shows Pacific Premier Bancorp (PPBI) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

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Key Financial Metrics

Revenue

$822.6M

YoY-7.4%

5Y CAGR+9.4%

10Y CAGR+26.0%

Pacific Premier Bancorp generated $822.6M in revenue in fiscal year 2024. This represents a decrease of 7.4% from the prior year.

EBITDA

N/A

Free Cash Flow

$222.8M

YoY-8.8%

5Y CAGR+6.3%

10Y CAGR+34.2%

Pacific Premier Bancorp generated $222.8M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 8.8% from the prior year.

Net Income

$158.8M

YoY+414.7%

5Y CAGR-0.1%

10Y CAGR+25.3%

Pacific Premier Bancorp reported $158.8M in net income in fiscal year 2024. This represents an increase of 414.7% from the prior year.

EPS (Diluted)

$1.65

YoY+432.3%

5Y CAGR-8.7%

10Y CAGR+5.6%

Pacific Premier Bancorp earned $1.65 per diluted share (EPS) in fiscal year 2024. This represents an increase of 432.3% from the prior year.

Cash & Debt

$609.3M

YoY-34.9%

5Y CAGR+13.3%

10Y CAGR+18.6%

Pacific Premier Bancorp held $609.3M in cash against $0 in long-term debt as of fiscal year 2024.

Dividends Per Share

$1.32

YoY+0.0%

5Y CAGR+8.4%

Pacific Premier Bancorp paid $1.32 per share in dividends in fiscal year 2024. This represents an increase of 0.0% from the prior year.

Shares Outstanding

96M

YoY+0.6%

5Y CAGR+10.1%

10Y CAGR+19.0%

Pacific Premier Bancorp had 96M shares outstanding in fiscal year 2024. This represents an increase of 0.6% from the prior year.

Gross Margin

N/A

Operating Margin

N/A

Net Margin

19.3%

YoY+15.8pp

5Y CAGR-11.0pp

10Y CAGR-1.1pp

Pacific Premier Bancorp's net profit margin was 19.3% in fiscal year 2024, showing the share of revenue converted to profit. This is up 15.8 percentage points from the prior year.

Return on Equity

5.4%

YoY+4.3pp

5Y CAGR-2.6pp

10Y CAGR-2.9pp

Pacific Premier Bancorp's ROE was 5.4% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is up 4.3 percentage points from the prior year.

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$3.7M

YoY-44.6%

5Y CAGR-27.9%

10Y CAGR+9.7%

Pacific Premier Bancorp invested $3.7M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 44.6% from the prior year.

PPBI Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$822.6M-7.4%	$888.0M+15.5%	$768.6M+10.3%	$696.7M+10.5%	$630.7M+19.9%	$526.1M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$285.6M+8.6%	$262.9M+267.9%	$71.5M+108.0%	$34.4M-39.2%	$56.5M-28.3%	$78.8M
Income Tax	$53.7M+1582.9%	$3.2M-96.8%	$100.6M-16.8%	$120.9M+887.2%	$12.3M-78.9%	$58.0M
Net Income	$158.8M+414.7%	$30.9M-89.1%	$283.7M-16.5%	$339.9M+463.2%	$60.4M-62.2%	$159.7M
EPS (Diluted)	$1.65+432.3%	$0.31-89.6%	$2.98-16.8%	$3.58+377.3%	$0.75-71.2%	$2.60

Metric	Q2'25	Q1'25	Q2'24	Q3'24	Q1'24	Q4'23	Q3'23	Q2'23
Revenue	$189.2M+1.0%	$187.3M-4.2%	$195.5M-4.9%	$205.6M-3.7%	$213.4M-1.7%	$217.2M-3.1%	$224.1M-0.6%	$225.4M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$62.4M-2.4%	$64.0M-9.8%	$70.9M-5.1%	$74.7M+9.4%	$68.3M-3.0%	$70.4M-5.5%	$74.5M+14.1%	$65.3M
Income Tax	$10.0M-18.6%	$12.2M+13.9%	$10.7M-7.8%	$11.7M-33.0%	$17.4M+130.8%	-$56.5M-453.8%	$16.0M-23.4%	$20.9M
Net Income	$32.1M-11.0%	$36.0M+6.3%	$33.9M-5.8%	$36.0M-23.5%	$47.0M+134.7%	-$135.4M-394.1%	$46.0M-20.1%	$57.6M
EPS (Diluted)	$0.33-10.8%	$0.37+2.8%	$0.36-2.7%	$0.37-24.5%	$0.49+134.3%	$-1.43-397.9%	$0.48-20.0%	$0.60

PPBI Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$17.9B-5.9%	$19.0B-12.3%	$21.7B+2.8%	$21.1B+6.9%	$19.7B+67.6%	$11.8B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$609.3M-34.9%	$936.5M-15.0%	$1.1B+261.4%	$304.7M-65.4%	$880.8M+169.5%	$326.9M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$901.3M0.0%	$901.3M0.0%	$901.3M0.0%	$901.3M+0.3%	$898.6M+11.2%	$808.3M
Total Liabilities	$14.9B-7.4%	$16.1B-14.5%	$18.9B+3.7%	$18.2B+7.2%	$17.0B+74.0%	$9.8B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$3.0B+2.5%	$2.9B+3.0%	$2.8B-3.0%	$2.9B+5.1%	$2.7B+36.5%	$2.0B
Retained Earnings	$635.3M+5.2%	$604.1M-13.7%	$700.0M+29.2%	$542.0M+64.0%	$330.6M-16.5%	$396.1M

Metric	Q2'25	Q1'25	Q2'24	Q3'24	Q1'24	Q4'23	Q3'23	Q2'23
Total Assets	$17.8B-1.7%	$18.1B+1.0%	$17.9B0.0%	$17.9B-4.8%	$18.8B-1.1%	$19.0B-6.2%	$20.3B-2.3%	$20.7B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$791.1M+3.0%	$768.2M+26.1%	$609.3M-38.0%	$982.2M-4.5%	$1.0B+9.9%	$936.5M-33.1%	$1.4B-4.3%	$1.5B
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$901.3M0.0%	$901.3M0.0%	$901.3M0.0%	$901.3M0.0%	$901.3M0.0%	$901.3M0.0%	$901.3M0.0%	$901.3M
Total Liabilities	$14.8B-2.1%	$15.1B+1.1%	$14.9B-0.1%	$15.0B-5.9%	$15.9B-1.4%	$16.1B-7.3%	$17.4B-2.7%	$17.9B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$3.0B+0.3%	$3.0B+0.4%	$3.0B+0.4%	$2.9B+1.4%	$2.9B+0.7%	$2.9B+0.9%	$2.9B+0.2%	$2.8B
Retained Earnings	$639.2M0.0%	$639.3M+0.6%	$635.3M+0.3%	$633.4M+2.3%	$619.4M+2.5%	$604.1M-21.7%	$771.3M+1.9%	$757.0M

PPBI Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$226.5M-9.8%	$251.0M-38.9%	$411.0M+28.4%	$320.2M+50.8%	$212.3M+16.2%	$182.7M
Capital Expenditures	$3.7M-44.6%	$6.6M-11.6%	$7.5M-19.5%	$9.3M-18.6%	$11.4M-39.4%	$18.8M
Free Cash Flow	$222.8M-8.8%	$244.4M-39.4%	$403.6M+29.8%	$310.9M+54.8%	$200.9M+22.6%	$163.9M
Investing Cash Flow	$764.2M-69.1%	$2.5B+1644.0%	-$160.1M+92.0%	-$2.0B-451.9%	$570.5M+680.6%	-$98.3M
Financing Cash Flow	-$1.3B+54.4%	-$2.9B-629.3%	$545.6M-50.9%	$1.1B+585.6%	-$228.9M-686.8%	$39.0M
Dividends Paid	$127.1M+0.7%	$126.3M+0.9%	$125.2M+2.7%	$121.9M+52.5%	$79.9M+48.3%	$53.9M
Share Buybacks	N/A	$0	$0-100.0%	$18.1M	$0-100.0%	$100.0M

Metric	Q2'25	Q1'25	Q2'24	Q3'24	Q1'24	Q4'23	Q3'23	Q2'23
Operating Cash Flow	$56.2M+159.5%	$21.7M-46.6%	$40.6M-35.0%	$62.4M+9.6%	$56.9M+425.2%	-$17.5M-119.0%	$92.1M-9.0%	$101.2M
Capital Expenditures	$1.3M+5.1%	$1.2M-18.0%	$1.5M+136.8%	$623K-48.3%	$1.2M+19.9%	$1.0M-31.7%	$1.5M-11.9%	$1.7M
Free Cash Flow	$54.9M+168.6%	$20.4M-47.7%	$39.1M-36.7%	$61.8M+10.8%	$55.7M+401.0%	-$18.5M-120.4%	$90.6M-9.0%	$99.6M
Investing Cash Flow	$317.8M+1209.5%	-$28.6M+92.1%	-$364.5M-179.6%	$457.8M+66.9%	$274.3M-65.5%	$796.1M+94.8%	$408.8M-35.8%	$636.9M
Financing Cash Flow	-$351.0M-311.7%	$165.8M+438.6%	-$49.0M+88.8%	-$437.8M-83.3%	-$238.9M+80.8%	-$1.2B-120.2%	-$564.2M+19.3%	-$699.4M
Dividends Paid	$32.0M+0.7%	$31.8M0.0%	$31.8M0.0%	$31.8M+0.6%	$31.6M0.0%	$31.6M0.0%	$31.6M+0.1%	$31.6M
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

PPBI Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	19.3%+15.8pp	3.5%-33.4pp	36.9%-11.9pp	48.8%+39.2pp	9.6%-20.8pp	30.4%
Return on Equity	5.4%+4.3pp	1.1%-9.1pp	10.1%-1.6pp	11.8%+9.6pp	2.2%-5.7pp	7.9%
Return on Assets	0.9%+0.7pp	0.2%-1.1pp	1.3%-0.3pp	1.6%+1.3pp	0.3%-1.0pp	1.4%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	5.06-0.5	5.60-1.1	6.75+0.4	6.31+0.1	6.19+1.3	4.85
FCF Margin	27.1%-0.4pp	27.5%-25.0pp	52.5%+7.9pp	44.6%+12.8pp	31.9%+0.7pp	31.1%

Metric	Q2'25	Q1'25	Q2'24	Q3'24	Q1'24	Q4'23	Q3'23	Q2'23
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	17.0%-2.3pp	19.2%+1.9pp	17.3%-0.2pp	17.5%-4.5pp	22.0%+84.4pp	-62.3%-82.9pp	20.5%-5.0pp	25.6%
Return on Equity	1.1%-0.1pp	1.2%+0.1pp	1.1%-0.1pp	1.2%-0.4pp	1.6%	N/A	1.6%-0.4pp	2.0%
Return on Assets	0.2%-0.0pp	0.2%+0.0pp	0.2%-0.0pp	0.2%-0.1pp	0.3%+1.0pp	-0.7%-0.9pp	0.2%-0.1pp	0.3%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	4.98-0.1	5.10+0.0	5.06-0.0	5.08-0.4	5.48-0.1	5.60-0.5	6.10-0.2	6.28
FCF Margin	29.0%+18.1pp	10.9%-9.1pp	20.0%-10.0pp	30.0%+3.9pp	26.1%+34.6pp	-8.5%-49.0pp	40.4%-3.7pp	44.2%

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Frequently Asked Questions

What is Pacific Premier Bancorp's annual revenue?

Pacific Premier Bancorp (PPBI) reported $822.6M in total revenue for fiscal year 2024. This represents a -7.4% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Pacific Premier Bancorp's revenue growing?

Pacific Premier Bancorp (PPBI) revenue declined by 7.4% year-over-year, from $888.0M to $822.6M in fiscal year 2024.

Is Pacific Premier Bancorp profitable?

Yes, Pacific Premier Bancorp (PPBI) reported a net income of $158.8M in fiscal year 2024, with a net profit margin of 19.3%.

What is Pacific Premier Bancorp's earnings per share (EPS)?

Pacific Premier Bancorp (PPBI) reported diluted earnings per share of $1.65 for fiscal year 2024. This represents a 432.3% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is Pacific Premier Bancorp's net profit margin?

Pacific Premier Bancorp (PPBI) had a net profit margin of 19.3% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

Does Pacific Premier Bancorp pay dividends?

Yes, Pacific Premier Bancorp (PPBI) paid $1.32 per share in dividends during fiscal year 2024.

What is Pacific Premier Bancorp's return on equity (ROE)?

Pacific Premier Bancorp (PPBI) has a return on equity of 5.4% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is Pacific Premier Bancorp's free cash flow?

Pacific Premier Bancorp (PPBI) generated $222.8M in free cash flow during fiscal year 2024. This represents a -8.8% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Pacific Premier Bancorp's operating cash flow?

Pacific Premier Bancorp (PPBI) generated $226.5M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Pacific Premier Bancorp's total assets?

Pacific Premier Bancorp (PPBI) had $17.9B in total assets as of fiscal year 2024, including both current and long-term assets.

What are Pacific Premier Bancorp's capital expenditures?

Pacific Premier Bancorp (PPBI) invested $3.7M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

How many shares does Pacific Premier Bancorp have outstanding?

Pacific Premier Bancorp (PPBI) had 96M shares outstanding as of fiscal year 2024.

What is Pacific Premier Bancorp's debt-to-equity ratio?

Pacific Premier Bancorp (PPBI) had a debt-to-equity ratio of 5.06 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Pacific Premier Bancorp's return on assets (ROA)?

Pacific Premier Bancorp (PPBI) had a return on assets of 0.9% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Pacific Premier Bancorp's Piotroski F-Score?

Pacific Premier Bancorp (PPBI) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Pacific Premier Bancorp's earnings high quality?

Pacific Premier Bancorp (PPBI) has an earnings quality ratio of 1.43x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Pacific Premier Bancorp?

Pacific Premier Bancorp (PPBI) scores 32 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.