PFBC News and Press, Preferred Bank From 10/13/22

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LOS ANGELES, Oct. 11, 2022 (GLOBE NEWSWIRE) -- Preferred Bank (NASDAQ: PFBC) , one of the larger independent commercial banks in California, today announced plans to release its financial results for the third quarter ended September 30, 2022 after the close of market on Wednesd...

Summary Preferred Bank is a California-based bank focusing on the local Chinese population. Its loan quality has been strong, and although there's an uptick in loans past due, Preferred Bank should be able to deal with it. I expect the EPS to exceed $2 in the current quarter, ...

LOS ANGELES, Aug. 04, 2022 (GLOBE NEWSWIRE) -- Preferred Bank (NASDAQ: PFBC) , one of the larger independent California banks, today announced the completion of its $32 million stock repurchase program. The Bank purchased 464,438 shares for total consideration of $31,999,779. Chai...

Preferred Bank (PFBC) Q2 2022 Earnings Conference Call July 21, 2022 2:00 P.M. ET Company Participants Jeffrey Haas - Investor Relations, Financial Profiles, Inc. Li Yu - Chairman and Chief Executive Officer Edward Czajka - Executive Vice President and Chief Fina...

Preferred Bank press release ( NASDAQ: PFBC ): Q2 GAAP EPS of $1.87 beats by $0.08 . Revenue of $59.02M (+31.1% Y/Y) beats by $1.91M . Linked quarter loan growth (Ex-PPP) of 7.4% Return on beginning equity (“ROBE”) of 18.91% Efficiency rat...

LOS ANGELES, July 13, 2022 (GLOBE NEWSWIRE) -- Preferred Bank (NASDAQ: PFBC) , one of the larger independent commercial banks in California, today announced plans to release its financial results for the second quarter ended June 30, 2022 after the close of market on Wednesday, ...

Preferred Bank (NASDAQ:PFBC) has announced that it had received all the required approvals to continue its stock repurchase plan. In May of 2021, the Bank’s shareholders approved a $50M share repurchase plan. Under that Plan, the Bank repurchased ~$18M worth of common stock in the open...

LOS ANGELES, June 07, 2022 (GLOBE NEWSWIRE) -- Preferred Bank (NASDAQ: PFBC) , (“the Bank”), an independent commercial bank, today announced that it had received all the required approvals to continue its stock repurchase plan. In May of 2021, the Bank’s shareholder...

Preferred Bank has been able to consistently put in a strong performance. The dividend yield is just 2.5%, but the payout ratio is less than 25%. 23% of the balance sheet consists of very liquid assets: cash and securities. The loan book looks strong with just a handful of loa...