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Preferred BankNASDAQ: PFBC

Profile

Country:

United States

IPO:

19 August 1999

Next earnings report:

24 January 2025

Last dividends:

07 October 2024

Next dividends:

N/A
$1.12 B
-8%vs. 3y high
61%vs. sector
-35%vs. 3y high
12%vs. sector
-24%vs. 3y high
66%vs. sector
-36%vs. 3y high
70%vs. sector

Price

after hours | Fri, 01 Nov 2024 20:20:00 GMT
$83.82-$0.55(-0.65%)
$69.51 M$65.88 M
$69.51 M$33.59 M

Analysts recommendations

Institutional Ownership

PFBC Latest News

Preferred Bank (PFBC) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates
zacks.com21 October 2024 Sentiment: POSITIVE

While the top- and bottom-line numbers for Preferred Bank (PFBC) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Preferred Bank Announces 2024 Third Quarter Earnings Release and Conference Call
globenewswire.com15 October 2024 Sentiment: POSITIVE

LOS ANGELES, Oct. 15, 2024 (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, 2024 before the open of market on Monday, October 21, 2024. That same day, 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 Quarterly Cash Dividend
globenewswire.com19 September 2024 Sentiment: POSITIVE

LOS ANGELES, Sept. 19, 2024 (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 $0.70 per share, payable on October 21, 2024 to holders of record on October 7, 2024.

Preferred Bank Gets Regulatory Nod to Continue Share Repurchase Plan
zacks.com03 September 2024 Sentiment: POSITIVE

PFBC receives regulatory approval to buy back the remaining $77.5 million worth of authorization. The approval is set to expire in February 2025.

Preferred Bank Announces Approval to Continue Share Repurchase Plan
globenewswire.com30 August 2024 Sentiment: POSITIVE

LOS ANGELES, Aug. 30, 2024 (GLOBE NEWSWIRE) -- Preferred Bank (NASDAQ: PFBC), (“the Bank”), an independent commercial bank, today announced that the Bank has received regulatory approval to continue its shareholder-approved $150 million stock Repurchase Plan, (“the Plan”). Thus far in the Plan, the Bank has repurchased $72.5 million of its common stock over the latter half of 2023 and into 2024, however regulatory approval expired in July of 2024.

Preferred Bank: Solid Upside Should Continue Despite Some Weaknesses
seekingalpha.com29 August 2024 Sentiment: POSITIVE

Preferred Bank shares have outperformed the market slightly, up 10.1% in recent months. Despite some weaknesses in financial results, deposit, and loan growth have powered the bank to greater heights. Shares are attractively priced relative to earnings, with high-quality assets and low debt, making the company a sensible 'buy'.

Preferred Bank (PFBC) Q2 2024 Earnings Call Transcript
seekingalpha.com26 July 2024 Sentiment: POSITIVE

Preferred Bank (NASDAQ:PFBC ) Q2 2024 Earnings Conference Call July 26, 2024 2:00 PM ET Company Participants Jeff Haas - Financial Profiles Li Yu - Chairman and CEO Edward Czajka - CFO Wellington Chen - President and COO Nick Pi - Chief Credit Officer Conference Call Participants Matthew Clark - Piper Sandler Andrew Terrell - Stephens Gary Tenner - D.A. Davidson Eric Spector - Raymond James Operator Good afternoon, and welcome to the Preferred Bank Second Quarter 2024 Earnings Conference Call.

Preferred Bank (PFBC) Q2 Earnings Beat Estimates
zacks.com25 July 2024 Sentiment: POSITIVE

Preferred Bank (PFBC) came out with quarterly earnings of $2.48 per share, beating the Zacks Consensus Estimate of $2.39 per share. This compares to earnings of $2.61 per share a year ago.

Preferred Bank Reports Quarterly Results
globenewswire.com25 July 2024 Sentiment: POSITIVE

LOS ANGELES, July 25, 2024 (GLOBE NEWSWIRE) -- Preferred Bank (NASDAQ: PFBC), one of the larger independent California banks, today reported results for the quarter ended June 30, 2024. Preferred Bank (“the Bank”) reported net income of $33.6 million or $2.48 per diluted share for the second quarter of 2024. This represents a slight increase in net income of $126,000 over the prior quarter but down by $4.3 million from the same quarter last year. The decrease in net income from the prior year was due to lower net interest income because of rising deposit costs. Despite the decrease in net income, Preferred Bank continues to deliver top-of-peer group profitability metrics and long term shareholder returns.

Preferred Bank Announces 2024 Second Quarter Earnings Release and Conference Call
globenewswire.com10 July 2024 Sentiment: POSITIVE

LOS ANGELES, July 10, 2024 (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, 2024 after the close of market on Thursday, July 25, 2024. On the following day, Friday, July 26, 2024, 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.

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What type of business is Preferred Bank?

Preferred Bank provides various commercial banking products and services to small and mid-sized businesses and their owners, entrepreneurs, real estate developers and investors, professionals, and high net worth individuals. The company accepts checking, savings, and money market deposit accounts; fixed-rate and fixed maturity retail, and non-retail certificates of deposit; and individual retirement accounts. It also provides real estate mortgage loans that are secured by retail, industrial, office, special purpose, and residential single and multi-family properties; real estate construction loans; commercial loans comprising lines of credit for working capital, term loans for capital expenditures, and commercial and stand-by letters of credit; and small business administration loans. In addition, the company offers trade finance services, including commercial and export letters of credit, import lines of credit, documentary collections, international wire transfers, acceptances/trust receipt financing products, export financing, and bills purchase programs. Further, it provides cash management services; and internet, mobile, and tablet banking services. The company operates through full-service branch offices in the California counties of Los Angeles, Orange and San Francisco; Flushing, New York; Houston suburb of Sugar Land, Texas; and a satellite office in Manhattan, New York. The company was incorporated in 1991 and is headquartered in Los Angeles, California.

What sector is Preferred Bank in?

Preferred Bank is in the Financial Services sector

What industry is Preferred Bank in?

Preferred Bank is in the Banks - Regional industry

What country is Preferred Bank from?

Preferred Bank is headquartered in United States

When did Preferred Bank go public?

Preferred Bank initial public offering (IPO) was on 19 August 1999

What is Preferred Bank website?

https://www.preferredbank.com

Is Preferred Bank in the S&P 500?

No, Preferred Bank is not included in the S&P 500 index

Is Preferred Bank in the NASDAQ 100?

No, Preferred Bank is not included in the NASDAQ 100 index

Is Preferred Bank in the Dow Jones?

No, Preferred Bank is not included in the Dow Jones index

When was Preferred Bank the previous earnings report?

No data

When does Preferred Bank earnings report?

The next expected earnings date for Preferred Bank is 24 January 2025