diff --git a/metadata-ingestion/src/datahub/configuration/common.py b/metadata-ingestion/src/datahub/configuration/common.py
index d2ad64e661c7b7..dc0e6366ca119f 100644
--- a/metadata-ingestion/src/datahub/configuration/common.py
+++ b/metadata-ingestion/src/datahub/configuration/common.py
@@ -4,6 +4,7 @@
 import unittest.mock
 from abc import ABC, abstractmethod
 from enum import auto
+from functools import cached_property as functools_cached_property
 from typing import (
     IO,
     TYPE_CHECKING,
@@ -133,7 +134,7 @@ def _config_model_schema_extra(schema: Dict[str, Any], model: Type[BaseModel]) -
 class ConfigModel(BaseModel):
     model_config = ConfigDict(
         extra="forbid",
-        ignored_types=(cached_property,),
+        ignored_types=(cached_property, functools_cached_property),
         json_schema_extra=_config_model_schema_extra,
         hide_input_in_errors=not get_debug(),
     )
@@ -384,6 +385,16 @@ class AllowDenyPattern(ConfigModel):
     def regex_flags(self) -> int:
         return re.IGNORECASE if self.ignoreCase else 0
 
+    @functools_cached_property
+    def _compiled_allow(self) -> "List[re.Pattern]":
+        """Evaluating compiled allow patterns is 1000x faster and this is in the hot path, so we cache them here for the life of this object."""
+        return [re.compile(pattern, self.regex_flags) for pattern in self.allow]
+
+    @functools_cached_property
+    def _compiled_deny(self) -> "List[re.Pattern]":
+        """Evaluating compiled deny patterns is 1000x faster and this is in the hot path, so we cache them here for the life of this object."""
+        return [re.compile(pattern, self.regex_flags) for pattern in self.deny]
+
     @classmethod
     def allow_all(cls) -> "AllowDenyPattern":
         return AllowDenyPattern()
@@ -392,17 +403,10 @@ def allowed(self, string: str) -> bool:
         if self.denied(string):
             return False
 
-        return any(
-            re.match(allow_pattern, string, self.regex_flags)
-            for allow_pattern in self.allow
-        )
+        return any(pattern.match(string) for pattern in self._compiled_allow)
 
     def denied(self, string: str) -> bool:
-        for deny_pattern in self.deny:
-            if re.match(deny_pattern, string, self.regex_flags):
-                return True
-
-        return False
+        return any(pattern.match(string) for pattern in self._compiled_deny)
 
     def is_fully_specified_allow_list(self) -> bool:
         """
diff --git a/metadata-ingestion/src/datahub/ingestion/source/snowflake/snowflake_config.py b/metadata-ingestion/src/datahub/ingestion/source/snowflake/snowflake_config.py
index e08a929092965f..deb8ce6a6e4b19 100644
--- a/metadata-ingestion/src/datahub/ingestion/source/snowflake/snowflake_config.py
+++ b/metadata-ingestion/src/datahub/ingestion/source/snowflake/snowflake_config.py
@@ -1,7 +1,9 @@
 import logging
+import re
 from collections import defaultdict
 from dataclasses import dataclass
 from enum import Enum
+from functools import cached_property
 from typing import Dict, List, Optional, Set
 
 import pydantic
@@ -404,6 +406,13 @@ class SnowflakeV2Config(
         "This may be required in the case of _eg_ temporary tables being created in a different database than the ones in the database_name patterns.",
     )
 
+    @cached_property
+    def _compiled_temporary_tables_pattern(self) -> "List[re.Pattern[str]]":
+        return [
+            re.compile(pattern, re.IGNORECASE)
+            for pattern in self.temporary_tables_pattern
+        ]
+
     @field_validator("convert_urns_to_lowercase", mode="after")
     @classmethod
     def validate_convert_urns_to_lowercase(cls, v):
diff --git a/metadata-ingestion/src/datahub/ingestion/source/snowflake/snowflake_queries.py b/metadata-ingestion/src/datahub/ingestion/source/snowflake/snowflake_queries.py
index a7babecf048582..bda43ace4b9782 100644
--- a/metadata-ingestion/src/datahub/ingestion/source/snowflake/snowflake_queries.py
+++ b/metadata-ingestion/src/datahub/ingestion/source/snowflake/snowflake_queries.py
@@ -8,6 +8,7 @@
 import tempfile
 from dataclasses import dataclass
 from datetime import datetime, timezone
+from functools import cached_property
 from typing import Any, Dict, Iterable, List, Optional, Union
 
 import pydantic
@@ -147,6 +148,13 @@ class SnowflakeQueriesExtractorConfig(ConfigModel):
 
     query_dedup_strategy: QueryDedupStrategyType = QueryDedupStrategyType.STANDARD
 
+    @cached_property
+    def _compiled_temporary_tables_pattern(self) -> "List[re.Pattern[str]]":
+        return [
+            re.compile(pattern, re.IGNORECASE)
+            for pattern in self.temporary_tables_pattern
+        ]
+
 
 class SnowflakeQueriesSourceConfig(
     SnowflakeQueriesExtractorConfig, SnowflakeIdentifierConfig, SnowflakeFilterConfig
@@ -284,8 +292,8 @@ def local_temp_path(self) -> pathlib.Path:
 
     def is_temp_table(self, name: str) -> bool:
         if any(
-            re.match(pattern, name, flags=re.IGNORECASE)
-            for pattern in self.config.temporary_tables_pattern
+            pattern.match(name)
+            for pattern in self.config._compiled_temporary_tables_pattern
         ):
             return True
 
diff --git a/metadata-ingestion/src/datahub/ingestion/source/snowflake/snowflake_v2.py b/metadata-ingestion/src/datahub/ingestion/source/snowflake/snowflake_v2.py
index f5558d1d7cb107..82f31d0040a7a7 100644
--- a/metadata-ingestion/src/datahub/ingestion/source/snowflake/snowflake_v2.py
+++ b/metadata-ingestion/src/datahub/ingestion/source/snowflake/snowflake_v2.py
@@ -5,7 +5,6 @@
 import os
 import os.path
 import platform
-import re
 from dataclasses import dataclass
 from typing import Dict, Iterable, List, Optional, Union
 
@@ -469,8 +468,8 @@ class SnowflakePrivilege:
 
     def _is_temp_table(self, name: str) -> bool:
         if any(
-            re.match(pattern, name, flags=re.IGNORECASE)
-            for pattern in self.config.temporary_tables_pattern
+            pattern.match(name)
+            for pattern in self.config._compiled_temporary_tables_pattern
         ):
             return True