Preferred Bank (PFBC) Q1 Earnings and Revenues Miss Estimates

Financial Performance - Preferred Bank reported quarterly earnings of $2.23 per share, missing the Zacks Consensus Estimate of $2.33 per share, and down from $2.44 per share a year ago, representing an earnings surprise of -4.29% [1] - The bank's revenues for the quarter ended March 2025 were $66.66 million, missing the Zacks Consensus Estimate by 5.39%, and down from $71.57 million year-over-year [2] - Over the last four quarters, the company has surpassed consensus EPS estimates two times and topped consensus revenue estimates two times [2] Stock Performance and Outlook - Preferred Bank shares have lost about 0.5% since the beginning of the year, while the S&P 500 has declined by -6.8% [3] - The company's earnings outlook is crucial for investors, with current consensus EPS estimates at $2.41 for the coming quarter and $9.69 for the current fiscal year [4][7] - The estimate revisions trend for Preferred Bank is currently unfavorable, resulting in a Zacks Rank 4 (Sell), indicating expected underperformance in the near future [6] Industry Context - The Zacks Industry Rank for Banks - West is in the bottom 36% of over 250 Zacks industries, suggesting that the industry outlook may negatively impact stock performance [8] - Another company in the same industry, Sierra Bancorp, is expected to report quarterly earnings of $0.66 per share, reflecting a year-over-year change of +3.1% [9]