Preferred Bank Reports Quarterly and Annual Results
Preferred Bank (PFBC)
Last preferred bank earnings: 4/22 04:05 pm
Check Earnings Report
US:NASDAQ Investor Relations:
1firstbank.com/pr/en/help-center/investor-relations
Company Research
Source: GlobeNewswire
LOS ANGELES, Jan. 24, 2024 (GLOBE NEWSWIRE) -- Preferred Bank (NASDAQ: PFBC), one of the larger independent California banks, today reported results for the quarter ended December 31, 2023. Preferred Bank (“the Bank”) reported net income of $35.8 million or $2.60 per diluted share for the fourth quarter of 2023. This represents a decrease in net income of $3.7 million or 9.4% from the same quarter last year and down from the third quarter of 2023 as well. The primary driver of the decrease compared to both periods was net interest income which decreased by $4.7 million or 6.4% from the same period last year and was down by $3.6 million or 4.9% from the prior quarter. In addition to that, the Bank incurred a $929,000 loss this quarter on the sale of approximately $29 million of investment securities. The decline in net interest income was due to interest expense on deposits, which increased compared to both comparable periods. Partially offsetting the decrease in net interest income
Show less
Read more
Impact Snapshot
Event Time:
PFBC
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
---|---|---|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
Last Price | ||
VWAP | ||
High:
|
Max Up |
High:
|
Low:
|
Max Down |
Low:
|
%
|
Post news range |
%
|
|
Price change |
|
|
Price Change Percentage |
|
|
S&P 500 (SPX) |
|
%
|
Volume ratio |
%
|
Volume | ||
Ticks | ||
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
PFBC alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
PFBC alerts
High impacting Preferred Bank news events
Weekly update
A roundup of the hottest topics
PFBC
News
- Preferred Bank (NASDAQ:PFBC) Released Earnings Last Week And Analysts Lifted Their Price Target To US$87.75 [Yahoo! Finance]Yahoo! Finance
- Preferred Bank (PFBC) Upgraded to Buy: What Does It Mean for the Stock? [Yahoo! Finance]Yahoo! Finance
- Preferred Bank (NASDAQ:PFBC) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Compared to Estimates, Preferred Bank (PFBC) Q1 Earnings: A Look at Key Metrics [Yahoo! Finance]Yahoo! Finance
- Preferred Bank Reports Quarterly Results [Yahoo! Finance]Yahoo! Finance
PFBC
Earnings
- 4/23/24 - Beat
PFBC
Sec Filings
- 2/14/24 - Form SC
- 2/13/24 - Form SC
- PFBC's page on the SEC website