| Preferred Bank Announces New Chief Risk Officer |
LOS ANGELES, May 09, 2025 (GLOBE NEWSWIRE) -- Preferred Bank (NASDAQ: PFBC), one of the largest independent commercial banks in California, today reported that the Board of Directors has named Nick Pi to the position of Executive Vice President and Chief Risk Officer. Mr. Pi has served as the Bank's Chief Credit Officer since 2015 and will continue to oversee the credit function. Mr. Pi will now also oversee the BSA and Compliance Departments as well. |
globenewswire.com |
2025-05-09 20:31:00 |
Czytaj oryginał (ang.) |
| Preferred Bank (PFBC) Q1 2025 Earnings Call Transcript |
Preferred Bank (NASDAQ:PFBC ) Q1 2025 Earnings Conference Call April 25, 2025 2:00 PM ET Company Participants Jeff Haas - IR, Financial Profiles Li Yu - Chairman and CEO Edward Czajka - CFO Nick Pi - CCO Wellington Chen - President and COO Conference Call Participants Matthew Clark - Piper Sandler Andrew Terrell - Stephens Gary Tenner - D.A. Davidson Tim Coffey - Janney Operator Good day, and welcome to the Preferred Bank First Quarter 2025 Earnings Conference Call. |
seekingalpha.com |
2025-04-25 20:18:07 |
Czytaj oryginał (ang.) |
| Preferred Bank Remains A Preferred Candidate |
Preferred Bank has faced mixed performance recently but remains attractive due to strong asset quality and a favorable price-to-earnings ratio. Despite a recent 4.3% decline, the stock is up 23.2% since July 2023, outperforming the broader market. The bank's niche in the Chinese-American market and solid financial fundamentals justify maintaining a 'buy' rating. |
seekingalpha.com |
2025-04-25 15:27:31 |
Czytaj oryginał (ang.) |
| Preferred Bank (PFBC) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates |
While the top- and bottom-line numbers for Preferred Bank (PFBC) give a sense of how the business performed in the quarter ended March 2025, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values. |
zacks.com |
2025-04-25 15:00:42 |
Czytaj oryginał (ang.) |
| Preferred Bank (PFBC) Q1 Earnings and Revenues Miss Estimates |
Preferred Bank (PFBC) came out with quarterly earnings of $2.23 per share, missing the Zacks Consensus Estimate of $2.33 per share. This compares to earnings of $2.44 per share a year ago. |
zacks.com |
2025-04-25 14:40:46 |
Czytaj oryginał (ang.) |
| Preferred Bank Reports First Quarter Results |
LOS ANGELES, April 25, 2025 (GLOBE NEWSWIRE) -- Preferred Bank (NASDAQ: PFBC), one of the larger independent California banks, today reported results for the quarter ended March 31, 2025. Preferred Bank (“the Bank”) reported net income of $30.0 million or $2.23 per diluted share for the first quarter of 2025. This represents a small decrease in net income of $197,000 from the prior quarter and a decrease of $3.4 million from the same quarter last year. The decrease compared to both periods was mainly due to a decrease in net interest income. In the first quarter of 2025, the incremental impact to interest income from loans placed on nonaccrual status was approximately $2.8 million. In addition, a property securing one of our loans was damaged in the Palisades fire in January and as a result, the Bank has reversed out the $208,000 interest receivable on this loan although we expect to recoup this amount after the property is sold. In addition to a lowering of overall interest rates, these were the main factors in the decrease in net interest income. |
globenewswire.com |
2025-04-25 12:30:00 |
Czytaj oryginał (ang.) |
| Analysts Estimate Preferred Bank (PFBC) to Report a Decline in Earnings: What to Look Out for |
Preferred Bank (PFBC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations. |
zacks.com |
2025-04-18 15:05:36 |
Czytaj oryginał (ang.) |
| Preferred Bank Announces 2025 First Quarter Earnings Release and Conference Call |
LOS ANGELES, April 14, 2025 (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 March 31, 2025 before the open of market on Friday, April 25, 2025. That same day, management will host a conference call at 2:00 p.m. Eastern (11:00 a.m. Pacific). The call will be simultaneously broadcast over the Internet. |
globenewswire.com |
2025-04-14 22:32:00 |
Czytaj oryginał (ang.) |
| Preferred Bank (PFBC) is a Top Dividend Stock Right Now: Should You Buy? |
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Preferred Bank (PFBC) have what it takes? |
zacks.com |
2025-04-04 16:50:49 |
Czytaj oryginał (ang.) |
| Preferred Bank Announces Dividend Increase |
LOS ANGELES, March 19, 2025 (GLOBE NEWSWIRE) -- Preferred Bank (NASDAQ: PFBC), one of the largest independent commercial banks in California, today reported that the Board of Directors has declared a quarterly cash dividend to $0.75 per share, payable on April 21, 2025 to holders of record on April 7, 2025. |
globenewswire.com |
2025-03-19 18:15:00 |
Czytaj oryginał (ang.) |
| Preferred Bank Announces Approval to Continue Share Repurchase Plan |
LOS ANGELES, March 18, 2025 (GLOBE NEWSWIRE) -- Preferred Bank (NASDAQ: PFBC), (“the Bank”), an independent commercial bank, today announced that the Bank has received regulatory approval to continue its shareholder-approved $150 million stock Repurchase Plan, (“the Plan”). Thus far in the Plan, the Bank has repurchased $84.3 million of its common stock during 2023 and 2024, however regulatory approval expired in January of 2025. As a state, non-member Bank that issues its common stock at the bank level (no holding company), Preferred Bank is required to seek regulatory approval to engage in transactions that either increase or decrease capital. The shareholder and regulatory approvals to repurchase the remaining $65.7 million of common stock will expire in May of 2025. |
globenewswire.com |
2025-03-18 10:30:00 |
Czytaj oryginał (ang.) |
| Preferred Bank: Limited Impact From LA Wildfires Expected |
Preferred Bank is a U.S. regional bank specialized in mortgage lending. Q4 2024 results were negatively impacted by a one-off rental expense. The outlook for Q1 2025 shows that quarterly EPS should recover half of the rental-expense-induced decline, even as costs remain elevated. |
seekingalpha.com |
2025-02-03 22:47:50 |
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| Preferred Bank Announces Fire Relief Donations |
LOS ANGELES, Jan. 30, 2025 (GLOBE NEWSWIRE) -- Preferred Bank (NASDAQ: PFBC), (the “Bank”) one of the larger independent California banks, today reported that the Board of Directors had approved a significant donation to benefit fire relief efforts on the Los Angeles area. |
globenewswire.com |
2025-01-30 20:29:00 |
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| Preferred Bank (PFBC) Q4 2024 Earnings Call Transcript |
Preferred Bank (NASDAQ:PFBC ) Q4 2024 Earnings Conference Call January 28, 2025 2:00 PM ET Company Participants Jeff Haas - Financial Profiles Li Yu - Chairman and CEO Edward Czajka - CFO Wellington Chen - President and COO Nick Pi - CCO Johnny Hsu - Deputy Chief Operating Officer Conference Call Participants Andrew Terrell - Stephens Matthew Clark - Piper Sandler Gary Tenner - D.A. Davidson Tim Coffey - Janney David Feaster - Raymond James Operator Good day, and welcome to the Preferred Bank Fourth Quarter 2024 Earnings Call. |
seekingalpha.com |
2025-01-28 19:31:04 |
Czytaj oryginał (ang.) |
| Preferred Bank (PFBC) Reports Q4 Earnings: What Key Metrics Have to Say |
Although the revenue and EPS for Preferred Bank (PFBC) give a sense of how its business performed in the quarter ended December 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers. |
zacks.com |
2025-01-27 20:31:30 |
Czytaj oryginał (ang.) |
| Preferred Bank (PFBC) Misses Q4 Earnings Estimates |
Preferred Bank (PFBC) came out with quarterly earnings of $2.25 per share, missing the Zacks Consensus Estimate of $2.42 per share. This compares to earnings of $2.60 per share a year ago. |
zacks.com |
2025-01-27 20:15:23 |
Czytaj oryginał (ang.) |
| Preferred Bank Reports Fourth Quarter and Annual Results |
LOS ANGELES, Jan. 27, 2025 (GLOBE NEWSWIRE) -- Preferred Bank (NASDAQ: PFBC), one of the larger independent California banks, today reported results for the quarter ended December 31, 2024. Preferred Bank (“the Bank”) reported net income of $30.2 million or $2.25 per diluted share for the fourth quarter of 2024. This represents a decrease in net income of $3.2 million from the prior quarter and a decrease of $5.6 from the same quarter last year. The decrease compared to both periods was mainly due to a one-time $8.1 million increase in occupancy expense this quarter due to the previously disclosed error in the calculation of ASC 842, Accounting for Leases. As previously disclosed, this calculation error goes back to the adoption of ASC 842 in 2019 and the $8.1 million item represents the cumulative erroneous calculation through the years from 2019 to present. |
globenewswire.com |
2025-01-27 18:01:00 |
Czytaj oryginał (ang.) |
| Ahead of Preferred Bank (PFBC) Q4 Earnings: Get Ready With Wall Street Estimates for Key Metrics |
Beyond analysts' top -and-bottom-line estimates for Preferred Bank (PFBC), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended December 2024. |
zacks.com |
2025-01-22 12:20:33 |
Czytaj oryginał (ang.) |
| Analysts Estimate Preferred Bank (PFBC) to Report a Decline in Earnings: What to Look Out for |
Preferred Bank (PFBC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations. |
zacks.com |
2025-01-20 13:01:16 |
Czytaj oryginał (ang.) |
| Down -11.86% in 4 Weeks, Here's Why You Should You Buy the Dip in Preferred Bank (PFBC) |
Preferred Bank (PFBC) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term. |
zacks.com |
2025-01-14 12:36:14 |
Czytaj oryginał (ang.) |
| Preferred Bank Announces 2024 Fourth Quarter Earnings Release and Conference Call |
LOS ANGELES, Jan. 10, 2025 (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, 2024 after the close of market on Monday, January 27, 2025. On the following day, Tuesday, January 28, 2025, management will host a conference call at 2:00 p.m. Eastern (11:00 a.m. Pacific). The call will be simultaneously broadcast over the Internet. |
globenewswire.com |
2025-01-10 18:05:00 |
Czytaj oryginał (ang.) |
| Focus on 3 Stocks That Announced Dividend Hikes Amid Market Volatility |
OZK, PFBC and MOS recently announced dividend hikes. |
zacks.com |
2025-01-06 11:36:26 |
Czytaj oryginał (ang.) |
| Preferred Bank Rewards Shareholders With 7.1% Dividend Increase |
PFBC increases its quarterly dividend to 75 cents per share. Given its capital strength, the capital distribution move looks sustainable. |
zacks.com |
2024-12-31 15:05:35 |
Czytaj oryginał (ang.) |
| Preferred Bank Announces Dividend Increase |
LOS ANGELES, Dec. 26, 2024 (GLOBE NEWSWIRE) -- Preferred Bank (NASDAQ: PFBC), one of the largest independent commercial banks in California, today reported that the Board of Directors has increased the quarterly cash dividend to $0.75 per share from the previous $0.70 per share, an increase of 7.1%. The dividend is payable on January 23, 2025 to holders of record on January 9, 2025. |
globenewswire.com |
2024-12-26 18:04:00 |
Czytaj oryginał (ang.) |
| Preferred Bank Announces Additional Q4 Expense |
LOS ANGELES, Dec. 19, 2024 (GLOBE NEWSWIRE) -- Preferred Bank (NASDAQ: PFBC), (“the Bank”), an independent commercial bank, today announced that the Bank had uncovered an unreconciled difference in its calculation of its right of use asset (“ROU”) and lease liabilities. As a result of this error, the Bank will record $8.1 million on a pre-tax basis of occupancy expense in the fourth quarter of 2024. On an after-tax basis, this will reduce fourth quarter diluted earnings per share by approximately $0.43. |
globenewswire.com |
2024-12-19 19:06:00 |
Czytaj oryginał (ang.) |
| Preferred Bank (PFBC) Q3 2024 Earnings Call Transcript |
Preferred Bank (NASDAQ:PFBC ) Q3 2024 Earnings Call Transcript October 21, 2024 2:00 PM ET Company Participants Jeff Haas - Financial Profiles Li Yu - Chairman and CEO Edward Czajka - CFO Wellington Chen - President and COO Nick Pi - CCO Conference Call Participants Matthew Clark - Piper Sandler Andrew Terrell - Stephens Gary Tenner - D.A. Davidson David Feaster - Raymond James Operator Good day, and welcome to the Preferred Bank Third Quarter 2024 Earnings Conference Call. |
seekingalpha.com |
2024-10-21 20:28:05 |
Czytaj oryginał (ang.) |
| Preferred Bank (PFBC) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates |
While the top- and bottom-line numbers for Preferred Bank (PFBC) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values. |
zacks.com |
2024-10-21 17:30:19 |
Czytaj oryginał (ang.) |
| Preferred Bank (PFBC) Q3 Earnings and Revenues Surpass Estimates |
Preferred Bank (PFBC) came out with quarterly earnings of $2.46 per share, beating the Zacks Consensus Estimate of $2.39 per share. This compares to earnings of $2.71 per share a year ago. |
zacks.com |
2024-10-21 14:20:32 |
Czytaj oryginał (ang.) |
| Preferred Bank Announces 2024 Third Quarter Earnings Release and Conference Call |
LOS ANGELES, Oct. 15, 2024 (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, 2024 before the open of market on Monday, October 21, 2024. That same day, management will host a conference call at 2:00 p.m. Eastern (11:00 a.m. Pacific). The call will be simultaneously broadcast over the Internet. |
globenewswire.com |
2024-10-15 21:48:00 |
Czytaj oryginał (ang.) |
| Analysts Estimate Preferred Bank (PFBC) to Report a Decline in Earnings: What to Look Out for |
Preferred Bank (PFBC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations. |
zacks.com |
2024-10-08 15:08:20 |
Czytaj oryginał (ang.) |
| GOP's preferred bank, Chain Bridge, valued at $141 mln in lukewarm NYSE debut |
Chain Bridge Bancorp , the Republican Party's top banking choice, was valued at $141.2 million after its shares opened in line with the offer price in their debut on the New York Stock Exchange on Friday. |
reuters.com |
2024-10-04 15:01:18 |
Czytaj oryginał (ang.) |
| Preferred Bank Announces Quarterly Cash Dividend |
LOS ANGELES, Sept. 19, 2024 (GLOBE NEWSWIRE) -- Preferred Bank (NASDAQ: PFBC), one of the largest independent commercial banks in California, today reported that the Board of Directors has declared a quarterly cash dividend of $0.70 per share, payable on October 21, 2024 to holders of record on October 7, 2024. |
globenewswire.com |
2024-09-19 20:05:00 |
Czytaj oryginał (ang.) |
| Preferred Bank Gets Regulatory Nod to Continue Share Repurchase Plan |
PFBC receives regulatory approval to buy back the remaining $77.5 million worth of authorization. The approval is set to expire in February 2025. |
zacks.com |
2024-09-03 15:20:22 |
Czytaj oryginał (ang.) |
| Preferred Bank Announces Approval to Continue Share Repurchase Plan |
LOS ANGELES, Aug. 30, 2024 (GLOBE NEWSWIRE) -- Preferred Bank (NASDAQ: PFBC), (“the Bank”), an independent commercial bank, today announced that the Bank has received regulatory approval to continue its shareholder-approved $150 million stock Repurchase Plan, (“the Plan”). Thus far in the Plan, the Bank has repurchased $72.5 million of its common stock over the latter half of 2023 and into 2024, however regulatory approval expired in July of 2024. |
globenewswire.com |
2024-08-30 20:01:00 |
Czytaj oryginał (ang.) |
| Preferred Bank: Solid Upside Should Continue Despite Some Weaknesses |
Preferred Bank shares have outperformed the market slightly, up 10.1% in recent months. Despite some weaknesses in financial results, deposit, and loan growth have powered the bank to greater heights. Shares are attractively priced relative to earnings, with high-quality assets and low debt, making the company a sensible 'buy'. |
seekingalpha.com |
2024-08-29 17:48:41 |
Czytaj oryginał (ang.) |
| Preferred Bank (PFBC) Q2 2024 Earnings Call Transcript |
Preferred Bank (NASDAQ:PFBC ) Q2 2024 Earnings Conference Call July 26, 2024 2:00 PM ET Company Participants Jeff Haas - Financial Profiles Li Yu - Chairman and CEO Edward Czajka - CFO Wellington Chen - President and COO Nick Pi - Chief Credit Officer Conference Call Participants Matthew Clark - Piper Sandler Andrew Terrell - Stephens Gary Tenner - D.A. Davidson Eric Spector - Raymond James Operator Good afternoon, and welcome to the Preferred Bank Second Quarter 2024 Earnings Conference Call. |
seekingalpha.com |
2024-07-26 20:15:28 |
Czytaj oryginał (ang.) |
| Preferred Bank (PFBC) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates |
While the top- and bottom-line numbers for Preferred Bank (PFBC) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values. |
zacks.com |
2024-07-26 00:35:25 |
Czytaj oryginał (ang.) |
| Preferred Bank (PFBC) Q2 Earnings Beat Estimates |
Preferred Bank (PFBC) came out with quarterly earnings of $2.48 per share, beating the Zacks Consensus Estimate of $2.39 per share. This compares to earnings of $2.61 per share a year ago. |
zacks.com |
2024-07-25 23:20:56 |
Czytaj oryginał (ang.) |
| Preferred Bank Reports Quarterly Results |
LOS ANGELES, July 25, 2024 (GLOBE NEWSWIRE) -- Preferred Bank (NASDAQ: PFBC), one of the larger independent California banks, today reported results for the quarter ended June 30, 2024. Preferred Bank (“the Bank”) reported net income of $33.6 million or $2.48 per diluted share for the second quarter of 2024. This represents a slight increase in net income of $126,000 over the prior quarter but down by $4.3 million from the same quarter last year. The decrease in net income from the prior year was due to lower net interest income because of rising deposit costs. Despite the decrease in net income, Preferred Bank continues to deliver top-of-peer group profitability metrics and long term shareholder returns. |
globenewswire.com |
2024-07-25 21:01:00 |
Czytaj oryginał (ang.) |
| Preferred Bank Announces 2024 Second Quarter Earnings Release and Conference Call |
LOS ANGELES, July 10, 2024 (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, 2024 after the close of market on Thursday, July 25, 2024. On the following day, Friday, July 26, 2024, management will host a conference call at 2:00 p.m. Eastern (11:00 a.m. Pacific). The call will be simultaneously broadcast over the Internet. |
globenewswire.com |
2024-07-10 20:05:00 |
Czytaj oryginał (ang.) |
| Analysts Estimate Preferred Bank (PFBC) to Report a Decline in Earnings: What to Look Out for |
Preferred Bank (PFBC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations. |
zacks.com |
2024-07-10 15:05:30 |
Czytaj oryginał (ang.) |
| Preferred Bank Announces Quarterly Cash Dividend |
LOS ANGELES, June 20, 2024 (GLOBE NEWSWIRE) -- Preferred Bank (NASDAQ: PFBC), one of the largest independent commercial banks in California, today reported that the Board of Directors has declared a quarterly cash dividend of $0.70 per share, payable on July 19, 2024 to holders of record on July 5, 2024. |
globenewswire.com |
2024-06-20 21:05:00 |
Czytaj oryginał (ang.) |