Preferred Bank's Profits Jump in Q2 After Stock Buybacks

Preferred Bank (PFBC 4.63%) reported GAAP net income of $32.8 million, or $2.52 per share, in Q2 2025, a sequential increase driven by approximately 7% annualized loan growth and net interest margin (NIM) expanded to 3.85%. Key developments included a $56 million share repurchase at approximately $80.81 per share, stable deposit levels, improved asset quality, and early signs of rising loan demand heading into Q3. PFBC materially enlarges capital return via aggressive repurchasesDuring the second quarter, t ...