Preferred Bank Provides Update on Loan Relationship
Preferred Bank (PFBC)
Last preferred bank earnings: 4/22 04:05 pm
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US:NASDAQ Investor Relations:
1firstbank.com/pr/en/help-center/investor-relations
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Source: GlobeNewswire
LOS ANGELES, Feb. 23, 2026 (GLOBE NEWSWIRE) -- Preferred Bank (NASDAQ: PFBC), (“the Bank”), an independent commercial bank, provided an update on a large loan relationship. In the fourth quarter of 2025, the Bank announced that it had downgraded a large relationship totaling $2.0 million in commercial and industrial (C&I) loans and $115.6 million of real estate loans to substandard classification. Due to the principals of the relationship being involved in several complicated lawsuits with other banks which caused sluggish cash flow and unacceptable payment patterns, the Bank is now further reclassifying these loans to nonaccrual status. Below is an outline of the loan balances and the current valuation of the real estate loans. Based upon the value of the collateral, the Bank believes the resolution of these loans will not result in any significant impact to the Bank’s 2026 earnings. Property LoanCurrentAppraisedAppraisal TypeBalanceValueDateLTVLoan 1CRE-Neighborhood Center$
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News
- Preferred Bank (PFBC) was downgraded by Brean Capital from "strong-buy" to "hold".MarketBeat
- Preferred Bank (NASDAQ:PFBC) is now covered by analysts at Janney Montgomery Scott. They set a "neutral" rating and a $100.00 price target on the stock.MarketBeat
- Preferred Bank (NASDAQ:PFBC) had its "positive" rating reaffirmed by analysts at Stephens.MarketBeat
- Preferred Bank (NASDAQ:PFBC) had its price target lowered by analysts at Stephens from $105.00 to $93.00. They now have an "equal weight" rating on the stock.MarketBeat
- Preferred Bank (NASDAQ:PFBC) was given a new $111.00 price target on by analysts at Piper Sandler.MarketBeat