PFBC - Preferred Bank GAAP EPS of $2.61 beats by $0.05 revenue of $75.65M beats by $0.81M

2023-04-18 16:26:02 ET

• Preferred Bank press release ( NASDAQ: PFBC ): Q1 GAAP EPS of $2.61 beats by $0.05 .
• Revenue of $75.65M (+44.7% Y/Y) beats by $0.81M .

• Total gross loans at March 31, 2023 were $5.06 billion, a decrease of $17.1 million from the total of $5.07 billion as of December 31, 2022.

• Total deposits decreased to $5.41 billion from the 5.56 billion as of December 31, 2022. Total assets were $6.46 billion, an increase of $36.2 million over the total of $6.43 billion as of December 31, 2022.

• • Quarter-end cash on hand was $886 million or 16.4% of total deposits
  • Quarter-end held to maturity security portfolio of $22.2 million with market value of $20.6 million
  • The allowance for credit losses to total loans increased to 1.36%

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