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. About Preferred Bank | --- | --- | |--------------------------|------------------------| | | | | AT THE COMPANY: | AT FINANCIAL PROFILES: | | Edward J. Czajka | Jeffrey Haas | | Executive Vice President | G ...

Preferred Bank (NASDAQ:PFBC) is a small bank, with equity of about $700 million and total assets of $6.75 billion. It is based in Los Angeles, and its strong performance in recent years is making it interesting in the eyes of investors. In particular, its fast-growing dividend is its strength, as is its better-than-average profitability. However, there are also weaknesses that could make this bank's future less rosy. Future prospects and profitability Last quarter loan growth was 4% annualized, which is a p ...

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Preferred Bank (NASDAQ:PFBC) Q1 2024 Earnings Conference Call April 23, 2024 2:00 PM ET Matthew Clark - Piper Sandler Andrew Terrell - Stephens David Feaster - Raymond James Thank you Nick. Hello everyone. Thank you for joining us to discuss Preferred Bank's financial results for the first quarter ended March 31, 2024. With me today for management are Chairman and CEO Li Yu, President and Chief Operating Officer Wellington Chen, Chief Financial Officer Edward Czajka, and Chief Credit Officer, Nick Pi. Manag ...

Operator I would now like to turn the conference over to Jeff Haas with Financial Profiles. Please go ahead. Thank you, Rocco. Hello, everyone and thank you for joining us to discuss Preferred Bank's financial results for the fourth quarter ended December 31, 2023. With me today from management are Chairman and CEO, Li Yu; President and Chief Operating Officer, Wellington Chen; Chief Financial Officer, Edward Czajka; and Chief Credit Officer, Nick Pi. Management will provide a brief summary of the results a ...

I mean if that issue doesn't get resolved, everybody will have to worry about the large DDA they are getting from our customers in changing the nature of liquidity and coverage. So I don't know that issues still out there. We don't have an answer to you. But as the pure dollar amount of DDA, we're just like everybody else seeing that small migration into the higher cost area but we hope the pace has slowed down. In fact, I hope pace will end in this quarter, but time is to tell that. Yes. We -- obviously, I ...

Jeff Haas - Financial Profiles, IR Li Yu - Chairman and CEO Wellington Chen - President and COO Edward Czajka - Chief Financial Officer Nick Pi - Chief Credit Officer Johnny Hsu - Deputy Chief Operating Officer For a detailed description of these risks and uncertainties, please refer to the SEC-required documents that the bank files with the Federal Deposit Insurance Corporation, or FDIC. If any of these uncertainties materialize or any of these assumptions prove incorrect, Preferred Bankâs results could di ...

[Operator Instructions]. And our first question here will come from Matthew Clark with Piper Sandler. Matthew Clark First one for me, just on the available liquidity, the cash and the borrowings that are available of $1.5 billion relative to the uninsured amount of deposits, I think roughly half of your deposits are about just under $2.7 billion. I guess what's the plan? Or what's kind of the targeted coverage you're looking to get to? Do you -- are you looking at -- it sounds like you're looking to pledge ...

Company Participants Conference Call Participants Matthew Clark - Piper Sandler Andrew Terrell - Stephens Gary Tenner - D.A. Davidson David Feaster - Raymond James Tim Coffey - Janney Operator Good day, and welcome to the Preferred Bank Fourth Quarter 2022 Earnings Conference Call. [Operator Instructions] Please note this event is being recorded. I would now like to turn the conference over to Jeff Haas of Financial Profiles. Please go ahead. Jeffrey Haas Management will provide a brief summary of the resul ...

Preferred Bank (NASDAQ:PFBC) Q3 2022 Earnings Conference Call October 20, 2022 2:00 PM ET Company Participants Jeffrey Haas - Investor Relations, Financial Profiles, Inc. Li Yu - Chairman and Chief Executive Officer Edward Czajka - Chief Financial Officer Wellington Chen - President and Chief Operating Officer Nick Pi - Chief Credit Officer Conference Call Participants Gary Tenner - D.A. Davidson Andrew Terrell - Stephens Adam Butler - Piper Sandler Tim Coffey - Janney Eric Specter - Raymond James Operator ...