Preferred Bank Reports Quarterly Results
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
Company Research
Source: GlobeNewswire
LOS ANGELES, April 23, 2024 (GLOBE NEWSWIRE) -- Preferred Bank (NASDAQ: PFBC), one of the larger independent California banks, today reported results for the quarter ended March 31, 2024. Preferred Bank (“the Bank”) reported net income of $33.5 million or $2.44 per diluted share for the first quarter of 2024. This represents a decrease in net income of $2.4 million or 6.6% from the prior quarter and down by $4.6 million from the same quarter last year. Despite the decrease in net income, Preferred Bank continues to deliver top-of-class profitability metrics and long term shareholder returns. Highlights for the Quarter: Return on average assets was 2.00%Return on beginning equity of 19.36%Net interest margin was 4.19%Total deposits increased by $92 million or 1.62% for the quarterTotal loans increased $52 million or 1.0% for the quarterEfficiency ratio was 28.0% Li Yu, Chairman and CEO, commented, “We are pleased to report first quarter 2024 net income of $33.5 million or $2.44 pe
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News
- Best Value Stocks to Buy for April 29th [Yahoo! Finance]Yahoo! Finance
- Best Income Stocks to Buy for April 29th [Yahoo! Finance]Yahoo! Finance
- 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
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