LOS ANGELES, Jan. 08, 2026 (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, 2025 before the open of market on Thursday, January 22, 2026. 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. Interested participants and investors may access the co ...

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Core Insights - The article explains the Registered Retirement Savings Plan (RRSP) as a tax-advantaged account for retirement savings, allowing contributions from various sources and investment types [2][3]. Contribution Limits - The annual RRSP contribution limits have been outlined for the years 2015 to 2026, showing a steady increase from $24,930 in 2015 to $33,810 in 2026 [4]. - Contribution limits are based on the previous year's income and can be carried over if not fully utilized [5]. Types of RRSPs - There are individual, spousal, and group RRSPs, with individual accounts allowing for personal investment control and tax deductions [6]. Contribution Deadlines - The RRSP contribution deadline for the 2025 tax year is March 2, 2026, due to March 1 falling on a Sunday [7]. Over-Contribution Penalties - Over-contributions exceeding $2,000 incur a penalty tax of 1% per month on the excess amount until withdrawn [8]. Age Limit for Contributions - Contributions to an RRSP can be made until December 31 of the year the individual turns 71, after which funds must be converted to a Registered Retirement Income Fund (RRIF) or annuity [9]. Eligible Investments - RRSPs can hold various investments, including cash, GICs, mutual funds, ETFs, and stocks, but not cryptocurrencies [11][12]. Withdrawal Programs - The Home Buyers' Plan (HBP) allows tax-free withdrawals up to $60,000 for first-time home purchases, while the Lifelong Learning Plan (LLP) permits withdrawals up to $20,000 for education costs [14][15]. Contribution Calculation - Individuals can contribute up to 18% of their previous year's income, with the possibility of exceeding this limit due to carryover of unused contribution room [16].

Gen Zs and others - what is your preferred bank of choice and why ?Hey everyone - I'm currently working on a project at work that looks into financial preferences for younger generations in Toronto or Canada in general.I’m curious about Gen Z’s banking preferences. If you’re between ~18–28, what bank are you using right now — and what made you choose it?A few things I’m especially interested in:If you’re with a digital-first or challenger bank (e.g., EQ, Tangerine, Simplii, KOHO, Wealthsimple etc.), what p ...

Core Insights - MobiKwik has launched Forex payments on its mobile app in partnership with NPCI Bharat BillPay Limited, marking a significant step in providing digital foreign exchange services in India [1][3][6] - The initiative aims to support the Government and RBI's vision of a fully digital and inclusive financial ecosystem, making foreign exchange transactions more transparent and accessible [3][4][6] - MobiKwik's platform currently supports USD transactions, with plans to expand to additional currencies in future phases [5][10] Group 1: Product Launch and Features - The Forex category on Bharat Connect allows users to top up forex cards instantly using net banking or UPI, with same-day fulfillment [3][6] - The service is designed to cater to various user needs, including students paying for education abroad, families traveling internationally, and small businesses sending funds overseas [4][6] - MobiKwik emphasizes a digital-first experience, offering competitive USD rates and a safe, compliant platform regulated by RBI and NBBL [9][10] Group 2: Company Background and Market Position - MobiKwik, founded in 2009, is India's largest digital wallet, serving over 183.5 million registered users and 4.71 million merchants [8][10] - The company holds a 19% market share of the PPI wallet gross transaction value (GTV) as of September 2025, positioning it as a leading player in the digital financial services sector [10]

Core Viewpoint - Preferred Bank (PFBC) is positioned as a strong investment opportunity due to significant revisions in earnings estimates, indicating a positive earnings outlook that may continue to drive stock performance [1][2]. Earnings Estimates - Analysts are increasingly optimistic about Preferred Bank's earnings prospects, leading to higher earnings estimates that are expected to positively influence the stock price [2]. - The current-quarter earnings estimate is projected at $2.76 per share, reflecting a year-over-year increase of +22.7%. Over the past 30 days, three estimates have been revised upward, resulting in an 11.14% increase in the Zacks Consensus Estimate [5]. - For the full year, the earnings estimate stands at $10.37 per share, representing a +7.6% change from the previous year. Four estimates have been raised in the last month, contributing to a 5.63% increase in the consensus estimate [6][7]. Zacks Rank - Preferred Bank has achieved a Zacks Rank of 2 (Buy), supported by favorable estimate revisions. This ranking is part of a system that has historically shown strong performance, with Zacks 1 (Strong Buy) and 2 (Buy) stocks significantly outperforming the S&P 500 [8]. - The Zacks Rank system has a proven track record, with Zacks 1 Ranked stocks generating an average annual return of +25% since 2008 [3]. Stock Performance - Preferred Bank shares have increased by 8.6% over the past four weeks, indicating investor confidence in the company's earnings growth potential driven by the positive estimate revisions [9].

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Financial Data and Key Metrics Changes - The company reported a record earnings per share of $2.84 for Q3 2025, with net income of $35.9 million, showing significant improvement compared to previous quarters [4] - Non-performing loans decreased from $52 million to $17 million, primarily due to the foreclosure of a $37 million loan, which was subsequently sold for a gain [4] - Loan growth was 2.3% ($133 million) and deposit growth was 2.5% ($151 million) during the quarter [5] - The efficiency ratio improved to less than 30%, with stable operating overhead compared to previous quarters [5][6] Business Line Data and Key Metrics Changes - The company experienced reasonable loan and deposit growth, indicating increased optimism among customers despite ongoing economic uncertainties [5] - The net interest income and net interest margin both improved in Q3 compared to previous quarters [5] Market Data and Key Metrics Changes - Approximately 29% of the loan portfolio is fixed rate or long adjustable, while 71% is floating rate, with 98% of the floating rate loans having floors [12] - The average margin for September was reported at 3.87%, with a cost of deposits at 3.36% [24] Company Strategy and Development Direction - The company aims to maintain loan growth in Q4 2025, hoping to match Q3 levels, while also managing interest rate sensitivity through a balanced loan portfolio [35][55] - There is a strategic focus on increasing demand deposits, which are becoming harder to acquire due to competitive pressures [39] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism about loan growth in Q4, influenced by potential interest rate cuts and seasonal factors [35] - The company is closely monitoring credit quality and expects to see reasonable migration in criticized and classified loans [27][29] Other Important Information - The company repurchased $6.3 million of its own shares during the quarter and continued to buy back shares in October, totaling 128,000 shares for $11.2 million [6][17] - An error in calculating diluted earnings per share for the first half of 2025 was corrected, resulting in an underreporting of net income by $0.05 [6] Q&A Session Summary Question: Update on loan portfolio's floating rate component - Approximately 71% of the loan portfolio is floating rate, with 98% having floors, but many are not currently in the money [12] Question: Price sensitivity around the buyback - The buyback strategy is assessed based on income levels and share prices, with no set formula [13] Question: Average margin and cost of deposits - The margin for September was 3.87%, and the cost of deposits was 3.36% [24] Question: Expectations for loan growth and pipelines - The company expects loan growth to remain stable, with a positive outlook for Q4 based on current activity levels [35] Question: Near-term expense run rate expectations - Non-interest expenses are expected to be around $22 million to $22.5 million going forward [37] Question: Specific dollar estimate of expected OREO gain in Q4 - The expected OREO gain in Q4 is projected to be in the $3 to $4 million range [41] Question: Competitive dynamics and loan demand - The company is seeing more deals coming through the pipeline, with optimism from borrowers due to rate cuts [50][51] Question: Actions to manage asset sensitivity - The company continues to proactively manage interest rate sensitivity, adjusting the loan portfolio as needed [55]

Financial Data and Key Metrics Changes - The company reported a record earnings per share of $2.84 for Q3 2025, with net income of $35.9 million, showing significant improvement compared to previous quarters [5][6] - Nonperforming loans decreased from $52 million to $17 million, primarily due to the foreclosure of a $37 million loan, which has since been sold for a gain [6][7] - Loan growth was 2.3% or $133 million, while deposit growth was 2.5% or $151 million, indicating a positive trend in customer optimism despite economic uncertainties [7][8] - The efficiency ratio improved to less than 30% due to increased net interest income, with operating overhead remaining steady [8] Business Line Data and Key Metrics Changes - The company experienced reasonable loan and deposit growth, with a focus on maintaining credit quality metrics stable [7][8] - The loan portfolio composition shifted, with 29% being fixed or long adjustable rates and 71% floating rates, of which 98% have floors [15] Market Data and Key Metrics Changes - The average margin for September was reported at 3.87%, with the cost of deposits at 3.36% [26] - The company has about $1.27 billion of CDs maturing at an average rate of 4.1% in Q4, with new CDs coming in at mid to high 3% [28] Company Strategy and Development Direction - The company aims to increase demand deposits while managing the cost of non-interest-bearing accounts strategically [40][42] - There is a focus on proactive interest rate management, with a significant reduction in floating rate loans from 90% to nearly 70% over the past year and a half [59] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism about loan growth in Q4, expecting it to be similar to Q3, influenced by recent interest rate cuts [35][36] - The company anticipates a continued trend of refinancing as borrowers seek to lower their interest burdens, which may lead to increased payoffs [56] Other Important Information - The company repurchased $6.3 million of its own shares during the quarter, with additional repurchases of 128,000 shares in October for $11.2 million [8][19] - An error in calculating diluted earnings per share for the first half of 2025 was acknowledged, resulting in an underreporting of net income by $5 million, which has been corrected in the current report [9] Q&A Session Summary Question: Update on loan portfolio's floating rate component - As of September 30, 71% of the loan portfolio is floating rate, with 98% having floors, but many are not currently in the money [15] Question: Price sensitivity around the buyback - The buyback strategy is measured against income levels and share prices, with no set formula for the amount [17] Question: Average margin and cost of deposits - The margin for September was 3.87%, and the cost of deposits was 3.36% [26] Question: Expectations for near-term expense run rate - Non-interest expense is expected to be around 22% to 22.5% going forward, with increases anticipated in 2026 [38] Question: Insights on deposit composition and flows - There is a strategic focus on increasing non-interest-bearing demand deposits, but competition for these deposits is increasing [40][42] Question: Expected OREO gain in Q4 - The expected OREO gain is projected to be in the range of $3 million to $4 million [43]