Pacific Premier Bancorp Financials
Pacific Premier Bancorp (PPBI) reported $822.6M in revenue for fiscal year 2024, down 7.4% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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).
Pacific Premier’s FY2024 earnings rebound still rests on thin asset returns and a highly leveraged balance sheet.
The profit recovery in FY2024 happened even though revenue slipped to$822.6M and interest expense rose to$285.6M , implying FY2023’s earnings drop was less about lost business volume than about a funding-cost squeeze that stopped getting worse. That reading fits return on assets rebounding to0.9% from0.2% , but the business still has not regained its earlier efficiency.
The cash conversion picture is cleaner than the earnings line suggests: operating cash flow reached
The balance sheet is becoming smaller but better cushioned: equity in the latest year rose to
Financial Health Signals
Scored against banks for FY2024. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Pacific Premier Bancorp's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Pacific Premier Bancorp passes 4 of 6 computable financial strength tests (3 of the nine could not be computed from available data). 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.
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.
Key Financial Metrics
Earnings & Revenue
Pacific Premier Bancorp generated $822.6M in revenue in fiscal year 2024. This represents a decrease of 7.4% from the prior year.
Pacific Premier Bancorp reported $158.8M in net income in fiscal year 2024. This represents an increase of 414.7% from the prior year.
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.
Not reported for fiscal year 2024.
Cash & Balance Sheet
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.
Pacific Premier Bancorp held $609.3M in cash as of fiscal year 2024; long-term debt is not reported for that period.
Pacific Premier Bancorp paid $1.32 per share in dividends in fiscal year 2024. That is unchanged from the prior year.
Margins & Returns
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.
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.
Not reported for fiscal year 2024.
Not reported for fiscal year 2024.
Capital Allocation
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.
Not reported for fiscal year 2024.
Not reported for fiscal year 2024.
PPBI Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 | FY10 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $777.6M | $822.6M-7.4% | $888.0M+15.5% | $768.6M+10.3% | $696.7M+10.5% | $630.7M+19.9% | $526.1M+17.3% | $448.4M+66.1% | $270.0M+62.1% | $166.6M+40.8% | $118.4M+45.5% | $81.3M+27.5% | $63.8M+20.5% | $52.9M+5.4% | $50.2M+22.2% | $41.1M |
| SG&A Expenses | $209.9M | $211.1M-1.2% | $213.7M-5.1% | $225.2M+4.4% | $215.7M+19.5% | $180.5M+29.6% | $139.2M+7.2% | $129.9M+54.4% | $84.1M+59.2% | $52.8M+42.4% | $37.1M+33.9% | $27.7M+20.4% | $23.0M+41.4% | $16.3M+23.3% | $13.2M+55.7% | $8.5M |
| Interest Expense | $272.0M | $285.6M+8.6% | $262.9M+267.9% | $71.5M+108.0% | $34.4M-39.2% | $56.5M-28.3% | $78.8M+41.5% | $55.7M+147.6% | $22.5M+66.3% | $13.5M+12.2% | $12.1M+56.5% | $7.7M+43.8% | $5.4M-25.1% | $7.1M-25.5% | $9.6M-24.2% | $12.7M |
| Income Tax | $44.6M | $53.7M+1582.9% | $3.2M-96.8% | $100.6M-16.8% | $120.9M+887.2% | $12.3M-78.9% | $58.0M+37.4% | $42.2M+0.3% | $42.1M+67.1% | $25.2M+65.8% | $15.2M+41.9% | $10.7M+91.9% | $5.6M-44.1% | $10.0M+55.8% | $6.4M+207.8% | $2.1M |
| Net Income | $138.0M | $158.8M+414.7% | $30.9M-89.1% | $283.7M-16.5% | $339.9M+463.2% | $60.4M-62.2% | $159.7M+29.5% | $123.3M+105.2% | $60.1M+49.9% | $40.1M+57.2% | $25.5M+53.6% | $16.6M+84.8% | $9.0M-43.0% | $15.8M+49.2% | $10.6M+149.5% | $4.2M |
| EPS (Diluted) | — | $1.65+432.3% | $0.31-89.6% | $2.98-16.8% | $3.58+377.3% | $0.75-71.2% | $2.60+15.0% | $2.26+44.9% | $1.56+6.8% | $1.46+22.7% | $1.19+24.0% | $0.96+77.8% | $0.54 | $1.44+45.5% | $0.99+160.5% | $0.38 |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, Operating Income.
TTM is the trailing twelve months, Q3 FY2024 through Q2 FY2025, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
PPBI Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 | FY10 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $17.9B-5.9% | $19.0B-12.3% | $21.7B+2.8% | $21.1B+6.9% | $19.7B+67.6% | $11.8B+2.5% | $11.5B+43.2% | $8.0B+98.8% | $4.0B+44.7% | $2.8B+36.8% | $2.0B+18.9% | $1.7B+46.0% | $1.2B+22.1% | $961.1M+16.2% | $826.8M |
| Cash & Equivalents | $609.3M-34.9% | $936.5M-15.0% | $1.1B+261.4% | $304.7M-65.4% | $880.8M+169.5% | $326.9M+60.7% | $203.4M+3.2% | $197.2M+25.7% | $156.9M+100.0% | $78.4M-29.3% | $110.9M | 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% | $808.3M0.0% | $808.7M+63.9% | $493.3M+381.3% | $102.5M+101.6% | $50.8M+121.5% | $22.9M+31.7% | $17.4M | N/A | N/A | N/A |
| Total Liabilities | $14.9B-7.4% | $16.1B-14.5% | $18.9B+3.7% | $18.2B+7.2% | $17.0B+74.0% | $9.8B+2.6% | $9.5B+40.3% | $6.8B+89.6% | $3.6B+43.6% | $2.5B+35.4% | $1.8B+19.5% | $1.5B+48.1% | $1.0B+18.9% | $874.4M+16.9% | $748.2M |
| Total Equity | $3.0B+2.5% | $2.9B+3.0% | $2.8B-3.0% | $2.9B+5.1% | $2.7B+36.5% | $2.0B+2.2% | $2.0B+58.6% | $1.2B+170.2% | $459.7M+53.8% | $299.0M+49.8% | $199.6M+13.9% | $175.2M+30.3% | $134.5M+55.0% | $86.8M+10.4% | $78.6M |
| Retained Earnings | $635.3M+5.2% | $604.1M-13.7% | $700.0M+29.2% | $542.0M+64.0% | $330.6M-16.5% | $396.1M+31.8% | $300.4M+69.6% | $177.1M+51.3% | $117.0M+52.1% | $76.9M+49.6% | $51.4M+47.7% | $34.8M+34.8% | $25.8M+157.0% | $10.0M+2009.9% | -$526K |
Not reported in any period shown, so not listed: Current Assets, Inventory, Accounts Receivable, Current Liabilities, Long-Term Debt.
PPBI Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 | FY10 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $180.8M | $226.5M-9.8% | $251.0M-38.9% | $411.0M+28.4% | $320.2M+50.8% | $212.3M+16.2% | $182.7M-7.0% | $196.5M+183.2% | $69.4M+9.3% | $63.4M+168.1% | $23.7M+79.5% | $13.2M-14.9% | $15.5M+27.4% | $12.2M+1.4% | $12.0M+27.2% | $9.4M |
| Capital Expenditures | $4.6M | $3.7M-44.6% | $6.6M-11.6% | $7.5M-19.5% | $9.3M-18.6% | $11.4M-39.4% | $18.8M+82.9% | $10.3M+146.1% | $4.2M-65.1% | $12.0M+534.3% | $1.9M+30.3% | $1.4M-59.6% | $3.6M-20.9% | $4.5M+60.3% | $2.8M+431.5% | $531K |
| Free Cash Flow | $176.3M | $222.8M-8.8% | $244.4M-39.4% | $403.6M+29.8% | $310.9M+54.8% | $200.9M+22.6% | $163.9M-12.0% | $186.2M+185.6% | $65.2M+26.6% | $51.5M+136.3% | $21.8M+85.5% | $11.7M-1.5% | $11.9M+56.0% | $7.6M-16.7% | $9.2M+3.1% | $8.9M |
| Investing Cash Flow | $382.5M | $764.2M-69.1% | $2.5B+1644.0% | -$160.1M+92.0% | -$2.0B-451.9% | $570.5M+680.6% | -$98.3M+28.5% | -$137.5M+51.6% | -$284.2M+34.1% | -$430.9M-30.1% | -$331.3M-31.5% | -$252.0M | N/A | N/A | N/A | N/A |
| Financing Cash Flow | -$672.0M | -$1.3B+54.4% | -$2.9B-629.3% | $545.6M-50.9% | $1.1B+585.6% | -$228.9M-686.8% | $39.0M+173.9% | -$52.8M-120.7% | $255.1M-42.8% | $445.9M+62.1% | $275.1M+23.4% | $222.9M | N/A | N/A | N/A | N/A |
| Dividends Paid | $127.5M | $127.1M+0.7% | $126.3M+0.9% | $125.2M+2.7% | $121.9M+52.5% | $79.9M+48.3% | $53.9M | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | $0 | $0-100.0% | $18.1M | $0-100.0% | $100.0M | $0 | $0-100.0% | $126K+8.6% | $116K-97.9% | $5.6M+9455.9% | $59K-69.7% | $195K-56.8% | $451K | N/A |
TTM is the trailing twelve months, Q3 FY2024 through Q2 FY2025, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
PPBI Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 | FY10 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Margin | 19.3%+15.8pp | 3.5%-33.4pp | 36.9%-11.9pp | 48.8%+39.2pp | 9.6%-20.8pp | 30.4%+2.8pp | 27.5%+5.3pp | 22.3%-1.8pp | 24.1%+2.5pp | 21.6%+1.1pp | 20.4%+6.3pp | 14.1%-15.7pp | 29.8%+8.8pp | 21.1%+10.7pp | 10.3% |
| 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%+1.7pp | 6.3%+1.4pp | 4.8%-3.9pp | 8.7%+0.2pp | 8.5%+0.2pp | 8.3%+3.2pp | 5.1%-6.6pp | 11.7%-0.5pp | 12.2%+6.8pp | 5.4% |
| 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%+0.3pp | 1.1%+0.3pp | 0.8%-0.2pp | 1.0%+0.1pp | 0.9%+0.1pp | 0.8%+0.3pp | 0.5%-0.8pp | 1.3%+0.2pp | 1.1%+0.6pp | 0.5% |
| Debt-to-Equity | 5.06-0.5x | 5.60-1.1x | 6.75+0.4x | 6.31+0.1x | 6.19+1.3x | 4.850.0x | 4.83-0.6x | 5.46-2.3x | 7.78-0.6x | 8.33-0.9x | 9.22+0.4x | 8.78+1.1x | 7.73-2.3x | 10.08+0.6x | 9.52 |
| FCF Margin | 27.1%-0.4pp | 27.5%-25.0pp | 52.5%+7.9pp | 44.6%+12.8pp | 31.9%+0.7pp | 31.1%-10.4pp | 41.5%+17.4pp | 24.1%-6.8pp | 30.9%+12.5pp | 18.4%+4.0pp | 14.4%-4.3pp | 18.7%+4.3pp | 14.4%-3.8pp | 18.3%-3.4pp | 21.7% |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Current Ratio.
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Where Pacific Premier Bancorp Ranks
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 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.
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 6 computable signals; 3 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 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 44 out of 100 on our Financial Health Score, indicating moderate standing within its banks peer group. The score is a 0-100 composite of six dimensions (Earnings, Growth, Capital, Efficiency, Credit Quality, Stability), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.