Core Viewpoint - Preferred Bank reported a net income of $32.8 million or $2.52 per diluted share for Q2 2025, reflecting a $2.8 million increase from the previous quarter but a slight decrease of $745,000 compared to the same quarter last year [1][2]. Financial Performance - Net interest income for Q2 2025 was $66.9 million, an increase of $4.2 million from the prior quarter and $767,000 from the same quarter last year [4]. - The net interest margin improved to 3.85%, up from 3.75% in the previous quarter but down from 3.96% in the same quarter last year [2][4]. - Noninterest income was $3.8 million, compared to $3.4 million in the same quarter last year and $4.0 million in the previous quarter [5]. Loan and Deposit Growth - The loan portfolio increased by 1.8% linked quarter, while deposits saw only a slight increase [2]. - Total loans reached $5.74 billion, an increase of $99.0 million from December 31, 2024 [9]. - Total deposits were $6.08 billion, up by $161.5 million from $5.92 billion as of December 31, 2024 [9]. Asset Quality - Non-accrual loans decreased from $78.9 million as of March 31, 2025, to $51.2 million at June 30, 2025 [3]. - Total criticized loans decreased to $104.5 million from $129.2 million in the prior quarter [10]. Noninterest Expense - Total noninterest expense was $22.5 million for Q2 2025, down from $23.4 million in the previous quarter but up from $19.7 million in the same period last year [6]. - The decrease from the prior quarter was primarily due to a reduction in personnel expenses [6]. Tax and Capitalization - The provision for income taxes was $13.7 million, resulting in an effective tax rate of 29.5% [7]. - As of June 30, 2025, the Bank's tangible capital ratio was 10.26%, and the total capital ratio stood at 14.43% [12].

Group 1 - The PNC Financial Services Group, Inc. declared a quarterly cash dividend of $1.70 per share, representing a 6% increase from the previous quarter's dividend of $1.60 per share [1] - The dividend will be payable on August 5, 2025, to shareholders of record as of July 15, 2025 [1] - The increase in the dividend reflects the company's financial strength and the board's confidence in its strategy and outlook, as stated by the CEO William S. Demchak [2] Group 2 - The board also declared cash dividends on several series of preferred stocks, including Series B, Series T, Series U, Series V, and Series W, with varying amounts and payment dates [4] - Series B will pay a dividend of $0.45 per share on September 10, 2025 [4] - Series T will pay a dividend of $850.00 per share on September 15, 2025, while Series U will pay $1,500.00 per share on August 15, 2025 [4] - Series V will pay a dividend of $1,550.00 per share, and Series W will pay $1,562.50 per share, both on September 15, 2025 [4]