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. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -7.02%. A quarter ago, it was expected that this independent commercial bank would post earnings of $2.39 per share when it actually produced earnings of $2.46, delivering a surprise of 2.93%.Over the last four quar ...

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- ...

The upcoming report from Preferred Bank (PFBC) is expected to reveal quarterly earnings of $2.42 per share, indicating a decline of 6.9% compared to the year-ago period. Analysts forecast revenues of $70 million, representing a decrease of 2.1% year over year.Over the last 30 days, there has been an upward revision of 3.7% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of ...

A downtrend has been apparent in Preferred Bank (PFBC) lately with too much selling pressure. The stock has declined 11.9% over the past four weeks. However, given the fact that it is now in oversold territory and Wall Street analysts are majorly in agreement about the company's ability to report better earnings than they predicted earlier, the stock could be due for a turnaround.Guide to Identifying Oversold StocksWe use Relative Strength Index (RSI), one of the most commonly used technical indicators, for ...

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. Interested participants ...

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. About Preferred Bank Preferred Bank is one of the larger independent commercial banks headquartered in California. The Bank is ...

Core Viewpoint - Preferred Bank is set to release its financial results for Q3 2024 on October 21, 2024, before market opening, followed by a conference call to discuss the results and outlook [1]. Company Information - Preferred Bank is one of the larger independent commercial banks in California, chartered by the State of California, with deposits insured by the FDIC [4]. - The bank operates from its main office in Los Angeles and has multiple full-service branches across California, as well as locations in New York and Texas [4]. - Preferred Bank offers a wide range of deposit and loan products to commercial and consumer customers, focusing on small and mid-sized businesses, entrepreneurs, and high net worth individuals [4]. Conference Call Details - The conference call will take place on October 21, 2024, at 2:00 p.m. Eastern (11:00 a.m. Pacific), and will be accessible via phone and live webcast [1][2]. - Key executives, including the Chairman and CEO, President, and CFO, will discuss financial results and business highlights during the call [3]. - A replay of the call will be available until November 4, 2024, with specific access numbers provided for domestic and international participants [3].

Preferred Bank (PFBC) obtained regulatory approval to proceed with its shareholder-approved existing $150 million share repurchase program. Details of PFBC's Repurchase Plan Preferred Bank launched the $150 million program in June 2023 and received regulatory approval to initiate the first leg of the plan. Under this, the bank repurchased $72.5 million worth of shares at an average price of $62.02. The approval expired in July 2024. The currently obtained approval is for the remaining $77.5 million worth of ...

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. As a state, non-member Bank that issues its common stock at ...

Edwin Tan/E+ via Getty Images Some companies end up being gifts that keep on giving. One good example of this that I could point to involves a rather small regional bank by the name of Preferred Bank (NASDAQ:PFBC). In the past, I have written about the institution, which emphasizes serving the Chinese American market, on two separate occasions. In my last article, which was published in March of this year, I stated that the company still represented a solid prospect for investors. This led me to reaffirm th ...