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, Jan. 19, 2022 (GLOBE NEWSWIRE) -- Preferred Bank (NASDAQ: PFBC), one of the larger independent California banks, today reported results for the quarter and year ended December 31, 2021. Preferred Bank (“the Bank”) reported net income of $26.4 million or $1.80 per diluted share for the fourth quarter of 2021. This is an increase of $5.5 million or 26.5% over the same quarter last year and up from the $26.1 million or $1.76 per share posted in the third quarter of 2021. The primary reasons for the increase compared to the prior year was a $4.2 million provision for credit losses recorded in the fourth quarter of last year as compared to a reversal of $900,000 in allowance for credit losses (“ACL”) this quarter, a difference of $5.1 million. In comparison to the third quarter of 2021, net interest income increased $1.7 million, noninterest income was down $818,000 and noninterest expense decreased $564,000.

Preferred Bank Reports Quarterly and Annual Earnings

LOS ANGELES, Jan. 12, 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 fourth quarter ended December 31, 2021 after the close of market on Wednesday, January 19, 2022.  On the following day, Thursday, January 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 2021 Fourth Quarter Earnings Release and Conference Call

Preferred Bank's (PFBC) quarterly dividend hike and share buyback program to continue enhancing shareholder value.

Preferred Bank (PFBC) Stock Rises on 13.2% Dividend Hike

Preferred Bank (PFBC) CEO Li Yu on Q3 2021 Results - Earnings Call Transcript

Preferred Bank (PFBC) delivered earnings and revenue surprises of 9.32% and 1.56%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

Preferred Bank (PFBC) Q3 Earnings and Revenues Top Estimates

LOS ANGELES, Oct. 12, 2021 (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, 2021 after the close of market on Wednesday, October 20, 2021.  On the following day, Thursday, October 21, 2021, 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 2021 Third Quarter Earnings Release and Conference Call

Preferred Bank (PFBC) CEO Li Yu on Q2 2021 Results - Earnings Call Transcript

Preferred Bank (PFBC) delivered earnings and revenue surprises of -2.70% and -5.85%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

Preferred Bank (PFBC) Q2 Earnings and Revenues Miss Estimates

Shares of Preferred Bank (NASDAQ:PFBC) fell in after-market trading after the company reported Q2 results. Quarterly Results Earnings per share increased 39.81% over the past year to $1.44, which missed the estimate of $1.45.

Preferred Bank: Q2 Earnings Insights

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: What to Know Ahead of Q2 Release

LOS ANGELES, July 13, 2021 (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, 2021 after the close of market on Tuesday, July 20, 2021.  On the following day, Wednesday, July 21, 2021, 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 2021 Second Quarter Earnings Release and Conference Call

Preferred Bank's share price has increased by about 70% since the previous article. I tried to keep writing out of the money put options, but the strengthening share price made that strategy difficult.

With A Total Return Of 71%, It's Time To Say Goodbye To Preferred Bank

Is Preferred Bank (PFBC) a great pick from the value investor's perspective right now? Read on to know more.

Is Preferred Bank (PFBC) a Great Stock for Value Investors?

Preferred Bank (PFBC) CEO Li Yu on Q1 2021 Results - Earnings Call Transcript

Preferred Bank (PFBC) delivered earnings and revenue surprises of 4.41% and -0.67%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

Preferred Bank (PFBC) Tops Q1 Earnings Estimates

Shares of Preferred Bank (NASDAQ:PFBC) were flat in after-market trading after the company reported Q1 results. Quarterly Results Earnings per share were up 31.48% year over year to $1.42, which beat the estimate of $1.37.

Preferred Bank: Q1 Earnings Insights

Preferred Bank (PFBC) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Why Preferred Bank (PFBC) Might Surprise This Earnings Season

LOS ANGELES, April 13, 2021 (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, 2021 after the close of market on Tuesday, April 20, 2021.  On the following day, Wednesday, April 21, 2021, 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 2021 First Quarter Earnings Release and Conference Call

Preferred Bank (PFBC) announces a 26.7% hike in quarterly cash dividend. Is the stock worth considering to earn this dividend income?

Preferred Bank (PFBC) Hikes Dividend: Is it Worth Betting on?

Loans in deferment have declined significantly from a peak of $610 million down to $28 million as of December 31, 2020. Net interest margin has started to improve after three years of downward trend from rising deposit rates and competitive interest rate environment.

Preferred Bank: Your Optimism Should Depend On Q1-2021 - Loan Loss Provisions Update

As of late, it has definitely been a great time to be an investor in Preferred Bank (PFBC).

Preferred Bank's (PFBC) Shares March Higher, Can It Continue?

LOS ANGELES, Feb. 17, 2021 (GLOBE NEWSWIRE) -- Preferred Bank (NASDAQ: PFBC), (“the Bank”), an independent commercial bank, today announced plans to open a loan production office (“LPO”) in Houston, Texas. The Bank has hired the leader of what is expected to be a larger team of local, experienced lenders in the very near future.

Preferred Bank Announces Opening of Loan Production Office in Houston, Texas

Preferred Bank (PFBC) CEO Li Yu on Q4 2020 Results - Earnings Call Transcript

Preferred Bank (PFBC) delivered earnings and revenue surprises of 16.67% and 3.56%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?

Preferred Bank (PFBC) Q4 Earnings and Revenues Beat Estimates

Shares of Preferred Bank (NASDAQ:PFBC) were unchanged after the company reported Q4 results. Quarterly Results Earnings per share rose 6.87% year over year to $1.40, which beat the estimate of $1.16.

News for Preferred Bank Stock (PFBC)