Preferred Bank
NASDAQ:PFBC

  • LAST PRICE
    94.4600
  • TODAY'S CHANGE (%)
    -0.8100 (-0.8502%)
  • Bid / Lots
    37.8500/ 2
  • Ask / Lots
    151.3700/ 2
  • Open / Previous Close
    95.8200 / 95.2700
  • Day Range
    94.3300
    96.4800
  • 52 Week Range
    60.2000
    97.2100
  • Volume
    105,434

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  • Oct 22, 2024

  • Oct 21, 2024

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    • 8:30AM ET on Monday Oct 21, 2024 by MT Newswires
      Companies Mentioned: PFBC
      08:30 AM EDT, 10/21/2024 (MT Newswires) -- Preferred Bank (PFBC) reported Q3 earnings Monday of $2.46 per diluted share, down from $2.71 a year earlier. Analysts polled by Capital IQ expected $2.37. Revenue for the quarter ended Sept. 30, expressed ...

    • 8:01AM ET on Monday Oct 21, 2024 by MT Newswires
      Companies Mentioned: PFBC
      08:01 AM EDT, 10/21/2024 (MT Newswires) -- ...

    • 8:00AM ET on Monday Oct 21, 2024 by Dow Jones
      Companies Mentioned: PFBC
      liabilities 5,259,068 179,783 4.57% 4,851,214 133,046 3.67% Noninterest bearing liabilities: Demand deposits 719,800 937,184 Lease liability 19,401 20,482 Other liabilities 79,179 83,213 --------- --------- Total liabilities 6,077,448 5,892,093 --------- --------- Shareholders' equity 722,560 668,862 Total liabilities and shareholders' equity $6,800,008 $6,560,955 ========= ========= Net interest income $203,753 $220,282 ======= ======= Net interest spread 3.12% 3.67% Net interest margin 4.08% 4.58% Cost of Deposits: Noninterest bearing demand deposits $ 719,800 $ 937,184 Interest bearing deposits 5,110,755 175,808 4.59% 4,602,039 125,252 3.64% --------- ------- ----- --------- ------- ----- Total Deposits $5,830,555 $175,808 4.03% $5,539,223 $125,252 3.02% (1) Includes non-accrual loans and loans held for sale (2) Net loan fee income of $3.4 million and $3.2 million for the year ended September 30, 2024 and 2023, respectively, are included in the yield computations (3) Yields on securities have been adjusted to a tax-equivalent basis PREFERRED BANK Loan and Credit Quality Information Allowance For Credit Losses History Nine Months Ended Year ended September 30, 2024 December 31, 2023 ---------------------- --------------------- (Dollars in 000's) Allowance For Credit Losses Balance at Beginning of Period $ 78,355 $ 68,472 Charge-Offs Commercial & Industrial 12,409 124 Mini-perm Real Estate - - ------------- --- ------------- Total Charge-Offs 12,409 124 Recoveries Commercial & Industrial 5 7 Mini-perm Real Estate - - ------------- --- ------------- Total Recoveries 5 7 Net Charge-Offs 12,404 117 Provision for Credit Losses: 10,100 10,000 ------------- --- ------------- Balance at End of Period $ 76,051 $ 78,355 Average Loans Held for Investment $ 5,347,918 $ 5,067,870 Loans Held for Investment at End of Period $ 5,571,579 $ 5,273,498 Net Charge-Offs to Average Loans 0.31% 0.00% Allowances for Credit Losses to Loans at End of Period 1.36% 1.49%

    • 8:00AM ET on Monday Oct 21, 2024 by Dow Jones
      Companies Mentioned: PFBC
      liabilities 5,259,068 179,783 4.57% 4,851,214 133,046 3.67% Noninterest bearing liabilities: Demand deposits 719,800 937,184 Lease liability 19,401 20,482 Other liabilities 79,179 83,213 --------- --------- Total liabilities 6,077,448 5,892,093 --------- --------- Shareholders' equity 722,560 668,862 Total liabilities and shareholders' equity $6,800,008 $6,560,955 ========= ========= Net interest income $203,753 $220,282 ======= ======= Net interest spread 3.12% 3.67% Net interest margin 4.08% 4.58% Cost of Deposits: Noninterest bearing demand deposits $ 719,800 $ 937,184 Interest bearing deposits 5,110,755 175,808 4.59% 4,602,039 125,252 3.64% --------- ------- ----- --------- ------- ----- Total Deposits $5,830,555 $175,808 4.03% $5,539,223 $125,252 3.02% (1) Includes non-accrual loans and loans held for sale (2) Net loan fee income of $3.4 million and $3.2 million for the year ended September 30, 2024 and 2023, respectively, are included in the yield computations (3) Yields on securities have been adjusted to a tax-equivalent basis PREFERRED BANK Loan and Credit Quality Information Allowance For Credit Losses History Nine Months Ended Year ended September 30, 2024 December 31, 2023 ---------------------- --------------------- (Dollars in 000's) Allowance For Credit Losses Balance at Beginning of Period $ 78,355 $ 68,472 Charge-Offs Commercial & Industrial 12,409 124 Mini-perm Real Estate - - ------------- --- ------------- Total Charge-Offs 12,409 124 Recoveries Commercial & Industrial 5 7 Mini-perm Real Estate - - ------------- --- ------------- Total Recoveries 5 7 Net Charge-Offs 12,404 117 Provision for Credit Losses: 10,100 10,000 ------------- --- ------------- Balance at End of Period $ 76,051 $ 78,355 Average Loans Held for Investment $ 5,347,918 $ 5,067,870 Loans Held for Investment at End of Period $ 5,571,579 $ 5,273,498 Net Charge-Offs to Average Loans 0.31% 0.00% Allowances for Credit Losses to Loans at End of Period 1.36% 1.49%

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