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 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Preferred Bank achieves record earnings in Q4 2022 amidst challenges

Preferred Bank delivered strong financial results in Q4 2022, marked by record net income and a dividend increase.
While facing challenges such as deposit cost pressures and expense increases, the bank remains focused on credit quality and efficiency.
Opportunities for growth through expense management, branch expansions, and capital priorities are key areas of focus for 2023.
Maintaining a cautious approach to economic uncertainties while pursuing strategic initiatives positions the bank for continued success.

Preferred Bank reports solid Q1 earnings, focuses on liquidity and risk management

Preferred Bank's Q1 performance reflects resilience and strategic planning amidst challenges, with a focus on maintaining liquidity and underwriting standards. The bank's proactive measures to enhance liquidity, manage risks, and address customer feedback position it well for future growth and stability.

Preferred Bank posts strong Q2 earnings amidst growth challenges

Preferred Bank's Q2 performance reflects solid financial health, with a focus on managing costs and optimizing profitability.
While facing challenges in the interest rate environment and expense management, the bank's strengths in credit quality and cash flow position it well for growth.
Opportunities lie in leveraging its strong financial position for strategic initiatives and maintaining a competitive edge in the market.

Preferred Bank reports solid Q3 earnings amidst loan growth challenges

Preferred Bank's Q3 performance showcased solid earnings, stable credit quality, and controlled costs. While facing challenges in loan growth and interest rate uncertainty, the bank's strong capital position and focus on profitability present opportunities for future growth and stability.

Preferred Bank reports robust earnings, navigates challenges with strategic focus

Preferred Bank's Q4 2023 earnings call highlighted strong financial performance, proactive capital allocation strategies, and a focus on balancing growth and shareholder returns. While challenges such as potential net interest income decline and credit quality concerns exist, opportunities for growth through increased loan demand and capital optimization are present. The bank's strategic initiatives in 2024 aim to navigate uncertainties and drive long-term value creation.

Preferred Bank posts solid Q1 results amidst strategic expansion

Preferred Bank's Q1 2024 performance reflects stability and growth, supported by strategic expansion and risk management efforts.
While challenges like credit risk management persist, the bank's focus on asset quality and customer relationships positions it well for future opportunities.
Overall, Preferred Bank's strong financial performance, coupled with prudent risk management and strategic initiatives, sets a positive trajectory for growth.

Preferred Bank posts strong Q2 earnings amidst growth opportunities

Preferred Bank's Q2 performance reflects solid financial metrics, strategic risk management, and a focus on expanding its client base.
While facing challenges such as limited loan growth and increased nonperforming loans, the bank is well-positioned to leverage opportunities for growth.
By maintaining financial strength, managing risks effectively, and capitalizing on growth opportunities, Preferred Bank aims to sustain its positive performance.

Preferred Bank posts strong Q3 earnings amidst loan management focus

Preferred Bank delivered strong financial performance in Q3 2024, driven by robust net income and effective loan management.
While facing challenges such as increased criticized loans and higher noninterest expenses, the bank remains focused on optimizing operations.
Opportunities lie in improving efficiency, optimizing deposit management, and leveraging anticipated rate cuts for growth.
Continuous monitoring and strategic decision-making will be key in navigating the evolving financial landscape.

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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

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Preferred Bank (PFBC) have what it takes?

Preferred Bank (PFBC) Could Be a Great Choice

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.

Preferred Bank Declares Quarterly Cash Dividend

Why Preferred Bank (PFBC) is a Great Dividend Stock Right Now

Preferred Bank is a California-based bank focusing on the local Chinese population. Its loan quality has been strong, and although there's an uptick in loans past due, Preferred Bank should be able to deal with it.

Preferred Bank: Expect A Substantial Net Interest Margin Increase In Q3

Why Preferred Bank (PFBC) is a Top Dividend Stock for Your Portfolio

Preferred Bank (PFBC) is a Top Dividend Stock Right Now: Should You Buy?

LOS ANGELES, Aug. 04, 2022 (GLOBE NEWSWIRE) -- Preferred Bank (NASDAQ: PFBC), one of the larger independent California banks, today announced the completion of its $32 million stock repurchase program. The Bank purchased 464,438 shares for total consideration of $31,999,779.

Preferred Bank Completes Stock Repurchase

Can Preferred Bank (PFBC) Run Higher on Rising Earnings Estimates?

Preferred Bank (NASDAQ:PFBC ) Q2 2022 Earnings Conference Call July 21, 2022 2:00 PM ET Company Participants Jeffrey Haas - Investor Relations, Financial Profiles, Inc. Li Yu - Chairman and Chief Executive Officer Edward Czajka - Executive Vice President and Chief Financial Officer Nick Pi - Executive Vice President and Chief Credit Officer Conference Call Participants Matthew Clark - Piper Sandler Gary Tenner - D.A. Davidson Andrew Terrell - Stephens Steve Moss - B.

Preferred Bank's (PFBC) CEO Li Yu on Q2 2022 Results - Earnings Call Transcript

Preferred Bank (PFBC) delivered earnings and revenue surprises of 5.06% and 3.85%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Preferred Bank (PFBC) Surpasses Q2 Earnings and Revenue Estimates

This is Why Preferred Bank (PFBC) is a Great Dividend Stock

LOS ANGELES, July 13, 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 second quarter ended June 30, 2022 after the close of market on Wednesday, July 20, 2022. On the following day, Thursday, July 21, 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 Second Quarter Earnings Release and Conference Call

Preferred Bank (PFBC) possesses 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) to Report Q2 Results: Wall Street Expects Earnings Growth

The consensus price target hints at a 28.8% upside potential for Preferred Bank (PFBC). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.

Wall Street Analysts Predict a 29% Upside in Preferred Bank (PFBC): Here's What You Should Know

Preferred Bank (PFBC) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

All You Need to Know About Preferred Bank (PFBC) Rating Upgrade to Buy

Preferred Bank has been able to consistently put in a strong performance. The dividend yield is just 2.5%, but the payout ratio is less than 25%.

News for Preferred Bank Stock (PFBC)