PFBC News and Press, Preferred Bank From 01/24/23

Summary Preferred posted strong net interest income growth in the fourth quarter, but higher operating expenses took a bite and deposit costs are rising rapidly. With Preferred seeing significant outflows of no-cost deposits, it's possible that the bank is at or near a peak for net inte...

Preferred Bank (PFBC) Q4 2022 Earnings Conference Call January 19, 2023, 02:00 PM ET Company Participants Jeffrey Haas - IR, Financial Profiles, Inc. Li Yu - Chairman and CEO Edward Czajka - CFO Wellington Chen - President and COO Nick Pi - Chief Credit Officer...

Preferred Bank press release ( NASDAQ: PFBC ): Q4 GAAP EPS of $2.71 beats by $0.14 . Revenue of $76.92M (+49.7% Y/Y) beats by $3.33M . Fourth quarter 2022 highlights: Return on average assets (“ROA”) of 2.48% Return on beginning equity (...

LOS ANGELES, Jan. 18, 2023 (GLOBE NEWSWIRE) -- Preferred Bank (NASDAQ: PFBC) , one of the larger independent California banks, today reported results for the quarter ended December 31, 2022. Preferred Bank (“the Bank”) reported net income of $39.6 million or $2.71 per diluted sh...

LOS ANGELES, Jan. 10, 2023 (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 fourth quarter ended December 31, 2022 after the close of market on Wednesday, Ja...

Summary Preferred is producing excellent rate and operating leverage as higher interest rates work their way into the bank's earnings. Loan growth was a little lackluster in Q3 and management was cautious on the near-term outlook given growing evidence of a coming economic slowdow...

Preferred Bank (PFBC) Q3 2022 Earnings Conference Call October 20, 2022 2:00 P.M. ET Company Participants Jeffrey Haas - Investor Relations, Financial Profiles, Inc. Li Yu - Chairman and Chief Executive Officer Edward Czajka - Chief Financial Officer Wellingt...

Preferred Bank press release ( NASDAQ: PFBC ): Q3 GAAP EPS of $2.40 beats by $0.27 . Revenue of $68.98M (+36.6% Y/Y) beats by $3.8M . Total deposits increased to $5.46 billion, an increase of $230 million or 4.4% over the $5.23 billion as of December 31, 2021. ...

LOS ANGELES, Oct. 19, 2022 (GLOBE NEWSWIRE) -- Preferred Bank (NASDAQ: PFBC) , one of the larger independent California banks, today reported results for the quarter ended September 30, 2022. Preferred Bank (“the Bank”) reported net income of $35.2 million or $2.40 per dil...

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