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Preferred Bank(PFBC) - 2020 Q1 - Earnings Call Transcript
2020-04-23 22:59
Preferred Bank (NASDAQ:PFBC) Q1 2020 Earnings Conference Call April 23, 2020 2:00 PM ET Company Participants Tony Rossi - IR Li Yu - Chairman & CEO Nick Pi - Chief Credit Officer Edward Czajka - CFO Wellington Chen - President & COO Conference Call Participants David Feaster - Raymond James Steve Moss - B. Riley FBR Gary Tenner - D.A. Davidson Tim Coffey - Janney Operator Good day and welcome to the Preferred Bank First Quarter 2020 Conference Call and Webcast. All participants will be in listen-only mode. ...
Preferred Bank(PFBC) - 2019 Q4 - Earnings Call Transcript
2020-01-23 23:22
Preferred Bank (NASDAQ:PFBC) Q4 2019 Earnings Conference Call January 23, 2020 2:00 PM ET Company Participants Tony Rossi - IR Li Yu - Chairman & CEO Edward Czajka - CFO Wellington Chen - President & COO Nick Pi - Chief Credit Officer Conference Call Participants Steve Moss - B. Riley FBR Aaron Deer - Piper Sandler Gary Tenner - D.A. Davidson Tim Coffey - Janney Operator Good afternoon and welcome to the Preferred Bank Fourth Quarter 2019 Earnings Conference Call and Webcast. All participants will be in lis ...
Preferred Bank(PFBC) - 2019 Q3 - Earnings Call Transcript
2019-10-16 20:44
Preferred Bank (NASDAQ:PFBC) Q3 2019 Earnings Conference Call October 16, 2019 2:00 PM ET Corporate Participants Tony Rossi - Investor Relations Li Yu - Chairman and CEO Edward Czajka - Chief Financial Officer Wellington Chen - President and Chief Operating Officer Nick Pi - Chief Credit Officer Conference Call Participants Aaron Deer - Sandler O'Neill & Partners Steve Moss - B. Riley FBR Gary Tenner - D.A. Davidson Tim Coffey - Janney Tyler Stafford - Stephens Don Worthington - Raymond James Operator Good ...
Preferred Bank(PFBC) - 2019 Q2 - Earnings Call Transcript
2019-07-18 21:32
Financial Data and Key Metrics Changes - The bank earned $20 million or $1.31 per share for the quarter, showing strong performance compared to previous quarters [8] - Loan production increased over 21% for the quarter, attributed to heavy draw-downs by commercial customers and other fluctuations [8] - Deposits decreased by $43 million, primarily due to significant draw-downs in the last 10 days of June [9] - Net interest margin was reported at 4.07%, with an efficiency ratio of 31.7%, ROA at 1.89%, and ROE at 18.5% [11] Business Line Data and Key Metrics Changes - The growth in commercial and industrial (C&I) loans was driven by new loans to long-time customers and new customers in distribution and financial services [15] - Loan origination yield for the second quarter was approximately 5.9% [25] Market Data and Key Metrics Changes - The bank's deposit balance increased by about $100 million since the quarter end, indicating efforts to rebuild deposits [21] - The bank's current deposit rates are competitive compared to competitors [21] Company Strategy and Development Direction - The bank announced a $30 million capital stock buyback to manage capital more efficiently [12] - The management is focused on continuously developing deposits and maintaining a comfortable loan-to-deposit ratio [23] Management Comments on Operating Environment and Future Outlook - Management expressed uncertainty about predicting C&I loan growth in the third and fourth quarters due to the unpredictable nature of the market [18] - The bank is closely monitoring the impact of trade tariffs on its loan portfolio, with minimal exposure noted [36][38] Other Important Information - The bank implemented ASC 842 lease accounting standard, which may affect occupancy costs in the near term [42] - Legal fees were unusually low this quarter, which is not expected to continue in future quarters [43] Q&A Session Summary Question: What caused the impressive C&I growth this quarter? - The growth came from new loans made to long-time customers and new customers, with some draw-downs being temporary due to emergency needs [15][16] Question: What is the loan origination yield for the second quarter? - The average loan origination yield was about 5.9% [25] Question: How do you see the NIM trending throughout the year? - Rate cuts will reduce revenues, but the bank expects to benefit from lower costs as TCVs mature and are re-priced [30] Question: Are there any sectors the bank is becoming more cautious about? - The bank is reviewing its loan portfolio, especially in relation to trade tariffs, but has minimal exposure to affected loans [36][38]
Preferred Bank(PFBC) - 2019 Q1 - Earnings Call Transcript
2019-04-18 23:25
Preferred Bank (NASDAQ:PFBC) Q1 2019 Results Conference Call April 18, 2019 2:00 PM ET Company Participants Tony Rossi - Financial Profiles Li Yu - Chairman and CEO Wellington Chen - President and Chief Operating Officer Edward Czajka - Chief Financial Officer Nick Pi - Chief Credit Officer Conference Call Participants Tyler Stafford - Stephens Steve Moss - B. Riley FBR Aaron Deer - Sandler O'Neill Gary Tenner - D.A. Davidson Tim Coffey - FIG Partners Don Worthington - Raymond James Operator Hello, and welc ...
Preferred Bank(PFBC) - 2018 Q4 - Earnings Call Transcript
2019-01-18 22:46
Preferred Bank (NASDAQ:PFBC) Q4 2018 Earnings Conference Call January 18, 2019 2:00 PM ET Company Participants Tony Rossi - Financial Profiles Li Yu - Chairman, CEO & Corporate Secretary Edward Czajka - EVP & CFO Nick Pipeline - EVP & Chief Credit Officer Wellington Chen - President & COO Conference Call Participants Aaron Deer - Sandler O'Neill + Partners Stephen Moss - B. Riley FBR, Inc. Timothy Coffey - FIG Partners Donald Worthington - Raymond James & Associates Operator Good day, and welcome to the Pre ...