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 Q1 2024

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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.

Is Preferred Bank (PFBC) a Solid Growth Stock? 3 Reasons to Think "Yes"

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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?

Preferred Bank (PFBC) Beats Q4 Earnings and Revenue Estimates

LOS ANGELES, Jan. 18, 2023 (GLOBE NEWSWIRE) -- Preferred Bank (NASDAQ: PFBC), one of the larger independent California banks, today reported results for the quarter ended December 31, 2022. Preferred Bank (“the Bank”) reported net income of $39.6 million or $2.71 per diluted share for the fourth quarter of 2022. This represents an increase of $13.1 million or 49.7% over the same quarter last year and also an impressive $4.4 million or 12.4% increase over the third quarter of 2022. The primary driver of the increase over both comparable periods was net interest income which increased by 50.0% over the same period last year and increased by 11.0% over the third quarter of 2022. Net income for the year ended December 31, 2022 was $128.8 million or $8.70 per diluted share compared to $95.2 million or $6.41 per diluted share for the year ended December 31, 2021. This represents an increase in net income of $33.6 million or 35.3% and an increase in diluted earnings per share of 35.7%. The extraordinary interest rate hikes undertaken by the Federal Open Market Committee (“FOMC”) to fend off inflation during the course of 2022 has led to a significant increase in interest income as most of the Bank's loans are tied to the Prime rate.

Preferred Bank Reports Record Quarterly Earnings Again

LOS ANGELES, Jan. 10, 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 fourth quarter ended December 31, 2022 after the close of market on Wednesday, January 18, 2023.  On the following day, Thursday, January 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 2022 Fourth Quarter Earnings Release and Conference Call

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LOS ANGELES, Dec. 15, 2022 (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 January 20, 2023 to holders of record on January 6, 2023. This dividend represents an increase of 28% over the previous dividend level of $0.43 per share.

Preferred Bank Increases Quarterly Cash Dividend

Preferred Bank (PFBC) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.

Preferred Bank (PFBC): Strong Industry, Solid Earnings Estimate Revisions

Preferred is producing excellent rate and operating leverage as higher interest rates work their way into the bank's earnings. Loan growth was a little lackluster in Q3 and management was cautious on the near-term outlook given growing evidence of a coming economic slowdown.

Preferred Bank Executing On Rate Leverage, But The Street Isn't All That Interested

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

Earnings Estimates Moving Higher for Preferred Bank (PFBC): Time to Buy?

Preferred Bank (NASDAQ:PFBC ) Q3 2022 Earnings Conference Call October 20, 2022 2:00 PM ET Company Participants Jeffrey Haas - Investor Relations, Financial Profiles, Inc. Li Yu - Chairman and Chief Executive Officer Edward Czajka - Chief Financial Officer Wellington Chen - President and Chief Operating Officer Nick Pi - Chief Credit Officer Conference Call Participants Gary Tenner - D.A. Davidson Andrew Terrell - Stephens Adam Butler - Piper Sandler Tim Coffey - Janney Eric Specter - Raymond James Operator Good afternoon and welcome to the Preferred Bank Third Quarter 2022 Earnings Conference Call.

Preferred Bank (PFBC) Q3 2022 Earnings Call Transcript

The mean of analysts' price targets for Preferred Bank (PFBC) points to a 25.7% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.

Wall Street Analysts Predict a 26% Upside in Preferred Bank (PFBC): Here's What You Should Know

Preferred Bank (PFBC) delivered earnings and revenue surprises of 13.21% and 7.16%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Preferred Bank (PFBC) Tops Q3 Earnings and Revenue Estimates

LOS ANGELES, Oct. 19, 2022 (GLOBE NEWSWIRE) -- Preferred Bank (NASDAQ: PFBC), one of the larger independent California banks, today reported results for the quarter ended September 30, 2022. Preferred Bank (“the Bank”) reported net income of $35.2 million or $2.40 per diluted share for the third quarter of 2022. This represents an increase of $9.0 million or 34.6% over the same quarter last year and also an impressive $7.1 million or 25.4% increase over the second quarter of 2022. The primary driver of the increase over both comparable periods was net interest income which increased by 39.9% over the same period last year and increased by 18.4% over the second quarter of 2022. Net income for the nine months ended September 30, 2022 was $89.3 million or $6.00 per diluted share compared to $68.8 million or $4.61 per diluted share for the same period last year. This represents an increase in net income of 29.7% and an increase in diluted earnings per share of 30.2%. The extraordinary interest rate hikes undertaken by the Federal Open Market Committee (“FOMC”) to fend off inflation has led to a significant increase in interest income as most of the Bank's loans are tied to the Prime rate.

Preferred Bank Reports Record Quarterly Earnings

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LOS ANGELES, Oct. 11, 2022 (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 third quarter ended September 30, 2022 after the close of market on Wednesday, October 19, 2022.  On the following day, Thursday, October 20, 2022, 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 2022 Third Quarter Earnings Release and Conference Call

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Preferred Bank (PFBC) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Preferred Bank (PFBC) Upgraded to Buy: Here's What You Should Know

LOS ANGELES, Sept. 21, 2022 (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 $0.43 per share, payable on October 21, 2022 to holders of record on October 7, 2022.

News for Preferred Bank Stock (PFBC)