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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

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.

Recap: Preferred Bank Q4 Earnings

Strong fundamentals and growth prospects make Preferred Bank (PFBC) stock a wise investment option now.

4 Reasons That Make Preferred Bank (PFBC) Stock a Solid Bet

Preferred Bank (PFBC) CEO Li Yu on Q3 2020 Results - Earnings Call Transcript

Preferred Bank (PFBC) delivered earnings and revenue surprises of 9.52% and 1.11%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?

Preferred Bank (PFBC) Q3 Earnings and Revenues Beat Estimates

Preferred Bank (PFBC) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Will Preferred Bank (PFBC) Beat Estimates Again in Its Next Earnings Report?

Preferred Bank (NASDAQ: PFBC) unveils its next round of earnings this Monday, October 19. Get prepared with Benzinga's ultimate preview for Preferred Bank's Q3 earnings.

Earnings Preview: Preferred Bank

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) Expected to Beat Earnings Estimates: Should You Buy?

LOS ANGELES, Oct. 07, 2020 (GLOBE NEWSWIRE) -- Preferred Bank (NASDAQ: PFBC), an independent commercial bank focusing on the diversified California market, today announced plans to release its financial results for the third quarter ended September 30, 2020 after the close of market on Monday, October 19, 2020. On the following day, Tuesday, October 20, 2020, 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 2020 Third Quarter Earnings Release and Conference Call

Preferred Bank: How The Q2 Conference Call Removed My Worries On This 3% Yielding Bank

Preferred Bank (PFBC) CEO Li Yu on Q2 2020 Results - Earnings Call Transcript

Preferred Bank (PFBC) delivered earnings and revenue surprises of 30.38% and 0.51%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?

Preferred Bank (PFBC) Beats Q2 Earnings and Revenue Estimates

Is a Surprise Coming for Preferred Bank (PFBC) This Earnings Season?

Civista Bancshares

Summit Financial Group

S&T Bancorp

State Street

Bank's loan forbearances and deferred payments due to the pandemic have stretched the credit cycle beyond the second quarter. So, the impact of defaults, if any, won't show on Q2 results much.

5 Must-Own Bank Stocks Heading Into Q2 Earnings

LOS ANGELES, July  09, 2020  (GLOBE NEWSWIRE) --   Preferred Bank  (NASDAQ: PFBC), an independent commercial bank focusing on the diversified California market, today announced plans to release its financial results for the second quarter ended June 30, 2020 after the close of market on Tuesday, July 21, 2020. On the following day, Wednesday, July 22, 2020, 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 2020 Second Quarter Earnings Release and Conference Call

Let's see if Preferred Bank (PFBC) stock is a good choice for value-oriented investors right now from multiple angles.

Should Value Investors Pick Preferred Bank (PFBC) Stock?

Preferred Bank (PFBC) CEO Li Yu on Q1 2020 - Earnings Call Transcript

News for Preferred Bank Stock (PFBC)