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 Bank (PFBC) delivered earnings and revenue surprises of 5.88% and 4.83%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

Preferred Bank (PFBC) Q1 Earnings and Revenues Surpass Estimates

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.

Earnings Preview: Preferred Bank (PFBC) Q1 Earnings Expected to Decline

Preferred Bank (PFBC) CEO Li Yu on Q4 2019 - Earnings Call Transcript

Preferred Bank (PFBC) delivered earnings and revenue surprises of 3.97% and -0.66%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?

Preferred Bank (PFBC) Surpasses Q4 Earnings Estimates

Preferred Bank (PFBC) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

LOS ANGELES, Dec.  09, 2019  (GLOBE NEWSWIRE) -- Preferred Bank (NASDAQ: PFBC), an independent commercial bank focusing on the diversified California market, today reported that the Board of Directors has declared a quarterly cash dividend of $0.30 per share. The dividend is payable on January 21, 2020 to holders of record on January 7, 2020.

Preferred Bank Declares - Quarterly Cash Dividend

Preferred Bank (PFBC) CEO Li Yu on Q3 2019 - Earnings Call Transcript

Preferred Bank (PFBC) delivered earnings and revenue surprises of 0.00% and -2.27%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?

Preferred Bank (PFBC) Q3 Earnings Match Estimates

Preferred Bank (PFBC) to Report Q3 Results: Wall Street Expects Earnings Growth

Preferred Bank (PFBC) CEO Li Yu on Q2 2019 Results - Earnings Call Transcript

With the Fed having paused rate hikes for now and the market increasingly expecting at least one rate cut before the year is out, Preferred Bank’s (NASDAQ: PFBC) profitability seems to be near peak levels, according to D.A.

Preferred Bank Faces Risk From Fed Rate Cuts, DA Davidson Says In Downgrade

Preferred Bank (PFBC) CEO Li Yu on Q1 2019 Results - Earnings Call Transcript

Strong fundamentals and improving economy make Preferred Bank stock a wise investment option now.

4 Reasons That Make Preferred Bank Stock a Solid Bet

PFBC vs. PUB: Which Stock Is the Better Value Option?

News for Preferred Bank Stock (PFBC)