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Pacific Premier Bancorp (Pacific Premier Bancorp) Effective Interest Rate on Debt % : 27.29% (As of Dec. 2023)


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What is Pacific Premier Bancorp Effective Interest Rate on Debt %?

Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. Pacific Premier Bancorp's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $281.6 Mil. Pacific Premier Bancorp's average total debt for the quarter that ended in Dec. 2023 was $1,031.8 Mil. Therefore, Pacific Premier Bancorp's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 27.29%.


Pacific Premier Bancorp Effective Interest Rate on Debt % Historical Data

The historical data trend for Pacific Premier Bancorp's Effective Interest Rate on Debt % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Pacific Premier Bancorp Effective Interest Rate on Debt % Chart

Pacific Premier Bancorp Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.44 8.94 4.84 6.44 23.24

Pacific Premier Bancorp Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 17.13 23.08 26.34 27.29 37.33

Competitive Comparison of Pacific Premier Bancorp's Effective Interest Rate on Debt %

For the Banks - Regional subindustry, Pacific Premier Bancorp's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on Debt % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Pacific Premier Bancorp's Effective Interest Rate on Debt % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Pacific Premier Bancorp's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Pacific Premier Bancorp's Effective Interest Rate on Debt % falls into.



Pacific Premier Bancorp Effective Interest Rate on Debt % Calculation

Pacific Premier Bancorp's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2022 )+Total Debt  (A: Dec. 2023 ))/ count )
=-1  *  -262.946/( (1331.204+931.842)/ 2 )
=-1  *  -262.946/1131.523
=23.24 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1331.204 + 0
=1331.204

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=931.842 + 0
=931.842

Pacific Premier Bancorp's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Sep. 2023 )+Total Debt  (Q: Dec. 2023 ))/ count )
=-1  *  -281.612/( (1131.682+931.842)/ 2 )
=-1  *  -281.612/1031.762
=27.29 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1131.682 + 0
=1131.682

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=931.842 + 0
=931.842

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is four times the quarterly (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Pacific Premier Bancorp  (NAS:PPBI) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.


Pacific Premier Bancorp Effective Interest Rate on Debt % Related Terms

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Pacific Premier Bancorp (Pacific Premier Bancorp) Business Description

Traded in Other Exchanges
N/A
Address
17901 Von Karman Avenue, Suite 1200, Irvine, CA, USA, 92614
Pacific Premier Bancorp Inc through its subsidiaries, provides banking products and services. It offers cash management, electronic banking services, credit facilities, and retirement accounts, among others.
Executives
Michael S Karr officer: EVP & Chief Credit Officer 1600 SUNFLOWER AVE, COSTA MESA CA 92626
Lori R Wright officer: EVP, Chief Accounting Officer 17901 VON KARMAN AVENUE, SUITE 1200, IRVINE CA 92614
Tom Rice officer: EVP & Chief Operating Officer 17901 VON KARMAN AVENUE, SUITE 1200, IRVINE CA 92614
Edward Earl Wilcox officer: EVP/Chief Lending Officer 13221 SUSSEX PLACE, SANTA ANA CA 92705
Jeff C Jones director 1199 SOUTH FAIRWAY DRIVE, 2ND FLOOR, WALNUT CA 91789
Joseph L Garrett director 2820 DERBY STREET, BERKELEY CA 94705
Sherri V. Scott officer: Sr.EVP,Dir ESG & Corp Respons. 17911 VON KARMAN, SUITE 1200, IRVINE CA 92614
Tamara Wendoll officer: EVP/COO Pacific Premier Trust 17901 VAN KARMAN, SUITE 1200, IRVINE CA 92614
Steven R Gardner officer: President/CEO 12131 ORVILLINA DRIVE, SANTA ANA CA 92705
Stephanie Hsieh director 17901 VON KARMAN, SUITE 1200, IRVINE CA 92614
Rose Mckinney-james director 3950 LAS VEGAS BLVD. S., LAS VEGAS NV 89119
Margaret S. Ohlhaver officer: Sr.EVP, Chf Human Res. Officer 17911 VON KARMAN, SUITE 1200, IRVINE CA 92614
George M. Pereira director 17901 VON KARMAN, SUITE 1200, IRVINE CA 92614
Jaynie M Studenmund director 506 SECOND AVENUE, 9TH FLOOR, SEATTLE WA 98104
Nicolas Ronald J. Jr. officer: SEVP & CFO 2727 E. IMPERIAL HIGHWAY, BREA CA 92821

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