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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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?

Are You Looking for a High-Growth Dividend Stock? Preferred Bank (PFBC) Could Be a Great Choice

After losing some value lately, a hammer chart pattern has been formed for Preferred Bank (PFBC), indicating that the stock has found support. This, combined with an upward trend in earnings estimate revisions, could lead to a trend reversal for the stock in the near term.

Preferred Bank (PFBC) May Find a Bottom Soon, Here's Why You Should Buy the Stock Now

Preferred Bank (NASDAQ:PFBC ) Q1 2022 Results Earnings Conference Call April 20, 2022 2:00 PM ET Company Participants Larry Clark - 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 Wellington Chen - President and Chief Operating Officer Conference Call Participants Gary Tenner - D.A. Davidson Matthew Clark - Piper Sandler Steve Moss - B.

Preferred Bank (PFBC) CEO Li Yu on Q1 2022 Results - Earnings Call Transcript

Preferred Bank (PFBC) delivered earnings and revenue surprises of 2.96% and 0.63%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

Preferred Bank (PFBC) Surpasses Q1 Earnings and Revenue Estimates

LOS ANGELES, April 05, 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 first quarter ended March 31, 2022 after the close of market on Tuesday, April 19, 2022.  On the following day, Wednesday, April 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 First Quarter Earnings Release and Conference Call

LA-based ethnic Chinese oriented bank. Real estate focused lender with strong credit quality.

Preferred Bank: A Growing, Efficient Operator

Preferred's low-cost operating model and strong underwriting have continued to serve investors well, including better-than-expected core earnings in Q4'21. Loan demand is picking up and Preferred remains highly rate-sensitive, though it will take multiple rate hikes to really leverage that opportunity.

Preferred Bank Offers An Attractive Mix Of Loan Growth, Efficiency, And Rate Leverage

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 Rising for Preferred Bank (PFBC): Will It Gain?

Preferred Bank (PFBC) CEO Li Yu on Q4 2021 Results - Earnings Call Transcript

Preferred Bank (PFBC) delivered earnings and revenue surprises of 4.65% and 0.44%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

Preferred Bank (PFBC) Q4 Earnings Beat Estimates

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?

News for Preferred Bank Stock (PFBC)