PFBC Q4 Deep Dive: Deposit Costs, Credit Quality, and Loan Growth Shape Outlook [Yahoo! Finance]
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: Yahoo! Finance
Its non-GAAP profit of $2.79 per share was in line with analysts' consensus estimates. Is now the time to buy PFBC? Find out in our full research report (it's free). Revenue: $78.07 million vs analyst estimates of $74.5 million (7.2% year-on-year growth, 4.8% beat) Adjusted EPS: $2.79 vs analyst estimates of $2.79 (in line) Market Capitalization: $1.14 billion Preferred Bank's fourth quarter results were met with a negative market reaction, as investors focused on rising deposit costs and credit quality developments despite the company reporting year-over-year revenue growth and non-GAAP profit in line with Wall Street expectations. Management attributed the margin pressures to federal rate cuts, with CEO Li Yu explaining that "the cost of deposits remains stubbornly high," even as loan demand and deposit growth improved. Additionally, the quarter saw an increase in criticized assets, driven by the downgrade of a large loan relationship, which management acknowledged as a ke
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News
- 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
- Why Preferred Bank (PFBC) is a Great Dividend Stock Right Now [Yahoo! Finance]Yahoo! Finance
- Preferred Bank Reports Fourth Quarter Results [Yahoo! Finance]Yahoo! Finance