Pacific Premier Bancorp (Pacific Premier Bancorp) Credit Losses Provision

: $10.1 Mil (As of Dec. 2023)

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Pacific Premier Bancorp's credit losses provision for the three months ended in Dec. 2023 was $1.7 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Dec. 2023 was $10.1 Mil.

Pacific Premier Bancorp's quarterly credit losses provision increased from Jun. 2023 ($1.5 Mil) to Sep. 2023 ($3.9 Mil) but then declined from Sep. 2023 ($3.9 Mil) to Dec. 2023 ($1.7 Mil).

Pacific Premier Bancorp's annual credit losses provision increased from Dec. 2021 ($-70.9 Mil) to Dec. 2022 ($4.8 Mil) and increased from Dec. 2022 ($4.8 Mil) to Dec. 2023 ($10.1 Mil).

Pacific Premier Bancorp Credit Losses Provision Historical Data

The historical data trend for Pacific Premier Bancorp's Credit Losses Provision 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 Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Credit Losses Provision

5.72

191.82

-70.88

4.83

10.13

Pacific Premier Bancorp Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Credit Losses Provision																2.84	3.02	1.50	3.92	1.70

Pacific Premier Bancorp Credit Losses Provision Calculation

For each period of operations, banks may reserve a portion of their income to cover the possible non-performing loans. The amount of the Credit Losses Provision is dependent on the management's estimate of the load quality they have. The higher Credit Losses Provision is, the lower banks' reported income in. This does not affect banks' cash flow statement.

Credit Losses Provision for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $10.1 Mil.

Pacific Premier Bancorp (Pacific Premier Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Pacific Premier Bancorp Inc (NAS:PPBI) » Definitions » Credit Losses Provision

Comparable Companies

Traded in Other Exchanges

N/A

Address

17901 Von Karman Avenue, Suite 1200, Irvine, CA, USA, 92614

Website

https://www.ppbi.com

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