Preferred Bank

Preferred Bank operates as an independent commercial bank. It offers real estate financing for residential, commercial, industrial, and other income producing properties. Its business and consumer products include checking, savings, money market, and certificate of deposit accounts. The firm also offers treasury management services such as account reconciliation, remote deposit, cash and check courier services, merchant processing, and ACH credit origination. The company was founded by Li Yu on December 23, 1991 and is headquartered in Los Angeles, CA.

Earnings data Q3 2023

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LOS ANGELES, Sept. 20, 2023 (GLOBE NEWSWIRE) -- Preferred Bank (NASDAQ: PFBC), one of the largest independent commercial banks in California, today reported that the Board of Directors has declared a quarterly cash dividend of $0.55 per share, payable on October 20, 2023 to holders of record on October 6, 2023.

Preferred Bank Announces Quarterly Cash Dividend

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Are Investors Undervaluing Preferred Bank (PFBC) Right Now?

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Preferred Bank has shown resilience in the face of banking industry concerns and is now down only 6.5% from its pre-panic levels. The bank has experienced significant growth in net interest income, non-interest income, and net profits. Despite some risk factors, such as a high percentage of uninsured deposits, Preferred Bank is an attractive prospect with a low price-to-earnings multiple and a growing asset base.

Preferred Bank: Great Growth From An Interesting Niche

Preferred Bank (PFBC) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Surging Earnings Estimates Signal Upside for Preferred Bank (PFBC) Stock

Preferred Bank (NASDAQ:PFBC ) Q2 2023 Earnings Conference Call July 20, 2023 2:00 PM ET Company Participants Jeff Haas - Financial Profiles, IR Li Yu - Chairman and CEO Wellington Chen - President and COO Edward Czajka - Chief Financial Officer Nick Pi - Chief Credit Officer Johnny Hsu - Deputy Chief Operating Officer Conference Call Participants Matthew Clark - Piper Sandler Andrew Terrell - Stephens Gary Tenner - D.A. Davidson David Feaster - Raymond James Tim Coffey - Janney Operator Good morning.

Preferred Bank (PFBC) Q2 2023 Earnings Call Transcript

While the top- and bottom-line numbers for Preferred Bank (PFBC) give a sense of how the business performed in the quarter ended June 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Preferred Bank (PFBC) Reports Q2 Earnings: What Key Metrics Have to Say

Preferred Bank (PFBC) came out with quarterly earnings of $2.61 per share, beating the Zacks Consensus Estimate of $2.47 per share. This compares to earnings of $1.87 per share a year ago.

Preferred Bank (PFBC) Q2 Earnings and Revenues Surpass Estimates

LOS ANGELES, July 19, 2023 (GLOBE NEWSWIRE) -- Preferred Bank (NASDAQ: PFBC), one of the larger independent California banks, today reported results for the quarter ended June 30, 2023. Preferred Bank (“the Bank”) reported net income of $37.9 million or $2.61 per diluted share for the second quarter of 2023. This represents an increase in net income of $9.9 million or 35.2% over the same quarter last year and nearly flat compared to the first quarter of 2023. The primary driver of the increase over the prior year quarter was net interest income which increased by $16.9 million or 29.9% over the same period last year partially offset by higher noninterest expenses as OREO valuation charges and expenses totaled $2.8 million this quarter.

Preferred Bank Reports Quarterly Earnings

Preferred Bank (PFBC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Preferred Bank (PFBC) Earnings Expected to Grow: Should You Buy?

Preferred Bank (PFBC) gets approval for its share buyback plan. Its board of directors has approved the first leg of $50 million under the buyback plan.

Preferred Bank (PFBC) Rises 7.3% on Share Buyback Plan Approval

LOS ANGELES, June 12, 2023 (GLOBE NEWSWIRE) -- Preferred Bank (NASDAQ: PFBC), (“the Bank”), an independent commercial bank, today announced that it had received all the required approvals to begin its stock repurchase plan. At the annual shareholder's meeting on May 16, 2023, the Bank's shareholders approved a stock repurchase plan which calls for the repurchase of up to $150 million of common stock. Today, the Board of Directors has approved what will be the first leg of that repurchase plan, which will call for the repurchase of up to $50 million of the total $150 million repurchase. The shares will be purchased in the open market.

Preferred Bank Announces Share Repurchase Plan

LOS ANGELES, May 31, 2023 (GLOBE NEWSWIRE) -- Preferred Bank (NASDAQ: PFBC), (“the Bank”), one of the larger independent banks headquartered in California, is pleased to announce the opening of its newest branch office in the Houston suburb of Sugar Land, Texas. This branch opening is the culmination of the efforts began back in 2021, when the Bank opened a loan production office (LPO). Our presence in Sugar Land and the tremendous success of the LPO has lead the Bank to open a full-service branch office.

Preferred Bank Opens Houston Office

Preferred Bank (NASDAQ:PFBC) Q1 2023 Earnings Conference Call April 19, 2023 2:00 PM ET

Preferred Bank (PFBC) Q1 2023 Earnings Call Transcript

Preferred Bank (PFBC) came out with quarterly earnings of $2.61 per share, beating the Zacks Consensus Estimate of $2.60 per share. This compares to earnings of $1.74 per share a year ago.

Preferred Bank (PFBC) Q1 Earnings Surpass Estimates

Preferred Bank (PFBC) Earnings Expected to Grow: What to Know Ahead of Q1 Release

LOS ANGELES, April 11, 2023 (GLOBE NEWSWIRE) -- Preferred Bank (NASDAQ: PFBC), one of the larger independent commercial banks in California, today announced plans to release its financial results for the first quarter ended March 31, 2023 after the close of market on Tuesday, April 18, 2023. On the following day, Wednesday, April 19, 2023, management will host a conference call at 2:00 p.m. Eastern (11:00 a.m. Pacific). The call will be simultaneously broadcast over the Internet.

Preferred Bank Announces 2023 First Quarter Earnings Release and Conference Call

Supported by strong fundamentals and solid growth prospects, Preferred Bank (PFBC) stock looks like an attractive investment option now.

5 Reasons to Invest in Preferred Bank (PFBC) Stock Right Now

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LOS ANGELES, March 10, 2023 (GLOBE NEWSWIRE) -- Preferred Bank (NASDAQ: PFBC), (“the Bank”), an independent commercial bank, updates the following (unaudited) financial information in light of the recent industry events.

Preferred Bank Issues Updated Financial Data

Preferred Bank (PFBC) could produce exceptional returns because of its solid growth attributes.

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Preferred Bank (PFBC) is an Incredible Growth Stock: 3 Reasons Why

Preferred Bank (NASDAQ:PFBC ) Q4 2022 Earnings Conference Call January 19, 2023 2:00 PM ET Company Participants Jeffrey Haas - IR, Financial Profiles, Inc. Li Yu - Chairman and CEO Edward Czajka - CFO Wellington Chen - President and COO Nick Pi - Chief Credit Officer Conference Call Participants Matthew Clark - Piper Sandler Andrew Terrell - Stephens Gary Tenner - D.A. Davidson David Feaster - Raymond James Tim Coffey - Janney Operator Good day, and welcome to the Preferred Bank Fourth Quarter 2022 Earnings Conference Call.

Preferred Bank (PFBC) Q4 2022 Earnings Call Transcript

Preferred Bank (PFBC) delivered earnings and revenue surprises of 5.45% and 3.76%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

News for Preferred Bank Stock (PFBC)