Price$93.82-1.18 (-1.24%)
01:30 PM07:45 PM
News · 26 weeks11-50%
2025-12-072026-05-31
Mix690d
- Other3(50%)
- Earnings2(33%)
- Dividends1(17%)
Latest news
25 items- PRPreferred Bank Announces Recovery SettlementLOS ANGELES, May 20, 2026 (GLOBE NEWSWIRE) -- Preferred Bank (NASDAQ:PFBC), ("the Bank"), an independent commercial bank, announced today that it has entered into a settlement agreement on a commercial & industrial loan with the borrower. The agreement calls for the Bank to receive a total of $5.7 million over an eleven month period on a loan previously charged off. The charge-off of the loan was recorded in the second quarter of 2024. About Preferred Bank Preferred Bank is one of the larger independent commercial banks headquartered in California. The Bank is chartered by the State of California, and its deposits are insured by the Federal Deposit Insurance Corporation, or FDIC, to the
- PRPreferred Bank Reports First Quarter ResultsLOS ANGELES, April 22, 2026 (GLOBE NEWSWIRE) -- Preferred Bank (NASDAQ:PFBC), one of the larger independent California banks, today reported results for the quarter ended March 31, 2026. Preferred Bank ("the Bank") reported net income of $31.1 million or $2.53 per diluted share for the first quarter of 2026. This represents a decrease in net income of $3.7 million from the prior quarter and an increase of $1.1 million over the same quarter last year. The increase compared to last year was primarily due to an increase in net interest income of $2.7 million. The decrease in net income from the prior quarter was due to a decrease in net interest income of $4.7 million coupled with a decrease
- PRKBRA Affirms Ratings for Preferred BankLOS ANGELES, April 20, 2026 (GLOBE NEWSWIRE) -- Preferred Bank (NASDAQ:PFBC), ("the Bank"), an independent commercial bank, announced today that Kroll Bond Rating Agency, LLC ("KBRA") affirmed the Bank's deposit and senior unsecured debt ratings of A-, the subordinated debt rating of BBB+, and the short-term deposit and debt ratings of K2. The outlook of the long-term ratings for the Bank is Stable as of April 17, 2026. In affirming its ratings, KBRA noted that the Bank's ratings remained anchored by its consistently strong profitability metrics, highlighted by its 2025 ROA of 1.84%, which continues to benefit from a high yielding loan portfolio and lean cost structure associated with the
- PRPreferred Bank Announces 2026 First Quarter Earnings Release and Conference CallLOS ANGELES, April 08, 2026 (GLOBE NEWSWIRE) -- Preferred Bank (NASDAQ:PFBC), one of the larger independent commercial banks in California, today announced plans to release its financial results for the first quarter ended March 31, 2026 before the open of market on Wednesday, April 22, 2026. That same day, management will host a conference call at 2:00 p.m. Eastern (11:00 a.m. Pacific). The call will be simultaneously broadcast over the Internet. Interested participants and investors may access the conference call by dialing 844-826-3037 (domestic) or 412-317-5182 (international) and referencing "Preferred Bank." There will also be a live webcast of the call available at the Investor Rel
- SECAmendment: SEC Form SCHEDULE 13G/A filed by Preferred BankSCHEDULE 13G/A - Preferred Bank (0001492165) (Subject)
- PRPreferred Bank Announces Quarterly DividendLOS ANGELES, March 18, 2026 (GLOBE NEWSWIRE) -- Preferred Bank (NASDAQ:PFBC), one of the larger independent commercial banks in California, today reported that the Board of Directors has declared a quarterly cash dividend of $0.80 per share, payable on April 21, 2026 to holders of record on April 7, 2026. About Preferred Bank Preferred Bank is one of the larger independent commercial banks headquartered in California. The Bank is chartered by the State of California, and its deposits are insured by the Federal Deposit Insurance Corporation, or FDIC, to the maximum extent permitted by law. The Bank conducts its banking business from its main office in Los Angeles, California, and through
- ANALYSTJanney resumed coverage on Preferred Bank with a new price targetJanney resumed coverage of Preferred Bank with a rating of Neutral and set a new price target of $100.00
- PRPreferred Bank Provides Update on Loan RelationshipLOS ANGELES, Feb. 23, 2026 (GLOBE NEWSWIRE) -- Preferred Bank (NASDAQ:PFBC), ("the Bank"), an independent commercial bank, provided an update on a large loan relationship. In the fourth quarter of 2025, the Bank announced that it had downgraded a large relationship totaling $2.0 million in commercial and industrial (C&I) loans and $115.6 million of real estate loans to substandard classification. Due to the principals of the relationship being involved in several complicated lawsuits with other banks which caused sluggish cash flow and unacceptable payment patterns, the Bank is now further reclassifying these loans to nonaccrual status. Below is an outline of the loan balances and the cur
- PRPreferred Bank Reports Fourth Quarter ResultsLOS ANGELES, Jan. 22, 2026 (GLOBE NEWSWIRE) -- Preferred Bank (NASDAQ:PFBC), one of the larger independent California banks, today reported results for the quarter ended December 31, 2025. Preferred Bank ("the Bank") reported net income of $34.8 million or $2.79 per diluted share for the fourth quarter of 2025. This represents a decrease in net income of $1.1 million from the prior quarter and an increase of $4.6 million over the same quarter last year. The increase compared to last year was primarily due to an occupancy charge of $8.1 million recorded in the fourth quarter of 2024 related to a correction in the adoption of ASC 842, Lease Accounting. The decrease in net income from the pri
- PRPreferred Bank Announces 2025 Fourth Quarter Earnings Release and Conference CallLOS ANGELES, Jan. 08, 2026 (GLOBE NEWSWIRE) -- Preferred Bank (NASDAQ:PFBC), one of the larger independent commercial banks in California, today announced plans to release its financial results for the fourth quarter ended December 31, 2025 before the open of market on Thursday, January 22, 2026. That same day, management will host a conference call at 2:00 p.m. Eastern (11:00 a.m. Pacific). The call will be simultaneously broadcast over the Internet. Interested participants and investors may access the conference call by dialing 844-826-3037 (domestic) or 412-317-5182 (international) and referencing "Preferred Bank." There will also be a live webcast of the call available at the Investor
- PRPreferred Bank Announces Dividend IncreaseLOS ANGELES, Dec. 11, 2025 (GLOBE NEWSWIRE) -- Preferred Bank (NASDAQ:PFBC), one of the larger independent commercial banks in California, today reported that the Board of Directors has increased the annual cash dividend to $3.20 per share from the previous $3.00 per share, an increase of 6.7%. The dividend is payable on January 20, 2026 to holders of record on January 6, 2026. About Preferred Bank Preferred Bank is one of the larger independent commercial banks headquartered in California. The Bank is chartered by the State of California, and its deposits are insured by the Federal Deposit Insurance Corporation, or FDIC, to the maximum extent permitted by law. The Bank conducts its bank
- PRPreferred Bank Reports Record Third Quarter ResultsLOS ANGELES, Oct. 20, 2025 (GLOBE NEWSWIRE) -- Preferred Bank (NASDAQ:PFBC), one of the larger independent California banks, today reported results for the quarter ended September 30, 2025. Preferred Bank ("the Bank") reported net income of $35.9 million or $2.84 per diluted share for the third quarter of 2025. This represents an increase in net income of $3.1 million from the prior quarter and an increase of $2.6 million over the same quarter last year. The increase compared to both periods was primarily due to an increase in net interest income. The primary reason that net interest income increased over the same quarter last year was due to a large $5.0 million decrease in interest expen
- PRPreferred Bank Announces 2025 Third Quarter Earnings Release and Conference CallLOS ANGELES, Oct. 06, 2025 (GLOBE NEWSWIRE) -- Preferred Bank (NASDAQ:PFBC), one of the larger independent commercial banks in California, today announced plans to release its financial results for the third quarter ended September 30, 2025 after the close of market on Monday, October 20, 2025. On the following day, Tuesday, October 21, 2025, management will host a conference call at 2:00 p.m. Eastern (11:00 a.m. Pacific). The call will be simultaneously broadcast over the Internet. Interested participants and investors may access the conference call by dialing 888-243-4451 (domestic) or 412-542-4135 (international) and referencing "Preferred Bank." There will also be a live webcast of th
- PRPreferred Bank Announces Cash DividendLOS ANGELES, Sept. 17, 2025 (GLOBE NEWSWIRE) -- Preferred Bank (NASDAQ:PFBC), one of the largest independent commercial banks in California, today reported that the Board of Directors has declared a quarterly cash dividend of $0.75 per share, which will be paid on October 21, 2025 to holders of record as of October 7, 2025. About Preferred Bank Preferred Bank is one of the larger independent commercial banks headquartered in California. The Bank is chartered by the State of California, and its deposits are insured by the Federal Deposit Insurance Corporation, or FDIC, to the maximum extent permitted by law. The Bank conducts its banking business from its main office in Los Angeles, Calif
- PRPreferred Bank Reports Second Quarter ResultsLOS ANGELES, July 21, 2025 (GLOBE NEWSWIRE) -- Preferred Bank (NASDAQ:PFBC), one of the larger independent California banks, today reported results for the quarter ended June 30, 2025. Preferred Bank ("the Bank") reported net income of $32.8 million or $2.52 per diluted share for the second quarter of 2025. This represents an increase in net income of $2.8 million from the prior quarter and a small decrease of $745,000 from the same quarter last year. The increase compared to the prior quarter was mainly due to an increase in net interest income as there was a $2.8 million reversal of interest income which occurred in the first quarter of 2025. The decrease from the same quarter last year
- PRPreferred Bank Announces 2025 Second Quarter Earnings Release and Conference CallLOS ANGELES, July 03, 2025 (GLOBE NEWSWIRE) -- Preferred Bank (NASDAQ:PFBC), one of the larger independent commercial banks in California, today announced plans to release its financial results for the second quarter ended June 30, 2025 before the open of market on Monday, July 21, 2025. That same day, management will host a conference call at 2:00 p.m. Eastern (11:00 a.m. Pacific). The call will be simultaneously broadcast over the Internet. Interested participants and investors may access the conference call by dialing 888-243-4451 (domestic) or 412-542-4135 (international) and referencing "Preferred Bank." There will also be a live webcast of the call available at the Investor Relati
- PRPreferred Bank Announces Approval of Stock Repurchase and Cash DividendLOS ANGELES, June 23, 2025 (GLOBE NEWSWIRE) -- Preferred Bank (NASDAQ:PFBC), one of the largest independent commercial banks in California, today reported that the Board of Directors has received regulatory approval to implement its recently announced $125 million stock repurchase plan which was approved by shareholders in May. Preferred Bank is not a Securities & Exchange Commission ("SEC") registrant, therefore the Bank requires regulatory approval prior to repurchasing its own common stock. The Board of Directors has approved the first tranche of repurchases which will consist of $50 million in buybacks. The stock purchases will be made from time to time in the open market. In addition,
- PRPreferred Bank Announces Stock BuybackLOS ANGELES, May 22, 2025 (GLOBE NEWSWIRE) -- Preferred Bank (NASDAQ:PFBC), one of the largest independent commercial banks in California, today reported that the shareholders have approved a new $125 million stock repurchase plan. Also, on May 8, 2025, the Bank completed its prior stock repurchase plan. This was the final portion of the Bank's $150 million repurchase authorized by shareholders in 2023. The final tranche of repurchase activity saw the Bank repurchase 818,059 shares for total consideration of $65.7 million over the first and second quarters of 2025. For the entire $150 million repurchase, the Bank repurchased 2,146,252 shares at an average price of $70.13 per share. For th
- PRPreferred Bank Announces New Chief Risk OfficerLOS ANGELES, May 09, 2025 (GLOBE NEWSWIRE) -- Preferred Bank (NASDAQ:PFBC), one of the largest independent commercial banks in California, today reported that the Board of Directors has named Nick Pi to the position of Executive Vice President and Chief Risk Officer. Mr. Pi has served as the Bank's Chief Credit Officer since 2015 and will continue to oversee the credit function. Mr. Pi will now also oversee the BSA and Compliance Departments as well. Li Yu, Chairman and CEO of the Bank said "Nick has been a very strong leader in Credit Administration and we're excited to have someone with his experience and knowledge taking over the role of Chief Risk Officer. We feel this is an important
- PRPreferred Bank Reports First Quarter ResultsLOS ANGELES, April 25, 2025 (GLOBE NEWSWIRE) -- Preferred Bank (NASDAQ:PFBC), one of the larger independent California banks, today reported results for the quarter ended March 31, 2025. Preferred Bank ("the Bank") reported net income of $30.0 million or $2.23 per diluted share for the first quarter of 2025. This represents a small decrease in net income of $197,000 from the prior quarter and a decrease of $3.4 million from the same quarter last year. The decrease compared to both periods was mainly due to a decrease in net interest income. In the first quarter of 2025, the incremental impact to interest income from loans placed on nonaccrual status was approximately $2.8 million. In addit
- SECAmendment: SEC Form SCHEDULE 13G/A filed by Preferred BankSCHEDULE 13G/A - Preferred Bank (0001492165) (Subject)
- PRPreferred Bank Announces 2025 First Quarter Earnings Release and Conference CallLOS ANGELES, April 14, 2025 (GLOBE NEWSWIRE) -- Preferred Bank (NASDAQ:PFBC), one of the larger independent commercial banks in California, today announced plans to release its financial results for the fourth quarter ended March 31, 2025 before the open of market on Friday, April 25, 2025. That same day, management will host a conference call at 2:00 p.m. Eastern (11:00 a.m. Pacific). The call will be simultaneously broadcast over the Internet. Interested participants and investors may access the conference call by dialing 844-826-3037 (domestic) or 412-317-5182 (international) and referencing "Preferred Bank." There will also be a live webcast of the call available at the Investor Rel
- PRPreferred Bank Announces Dividend IncreaseLOS ANGELES, March 19, 2025 (GLOBE NEWSWIRE) -- Preferred Bank (NASDAQ:PFBC), one of the largest independent commercial banks in California, today reported that the Board of Directors has declared a quarterly cash dividend to $0.75 per share, payable on April 21, 2025 to holders of record on April 7, 2025. About Preferred Bank Preferred Bank is one of the larger independent commercial banks headquartered in California. The Bank is chartered by the State of California, and its deposits are insured by the Federal Deposit Insurance Corporation, or FDIC, to the maximum extent permitted by law. The Bank conducts its banking business from its main office in Los Angeles, California, and thr
- PRPreferred Bank Announces Approval to Continue Share Repurchase PlanLOS ANGELES, March 18, 2025 (GLOBE NEWSWIRE) -- Preferred Bank (NASDAQ:PFBC), ("the Bank"), an independent commercial bank, today announced that the Bank has received regulatory approval to continue its shareholder-approved $150 million stock Repurchase Plan, ("the Plan"). Thus far in the Plan, the Bank has repurchased $84.3 million of its common stock during 2023 and 2024, however regulatory approval expired in January of 2025. As a state, non-member Bank that issues its common stock at the bank level (no holding company), Preferred Bank is required to seek regulatory approval to engage in transactions that either increase or decrease capital. The shareholder and regulatory approvals to r
- PRPreferred Bank Announces Fire Relief DonationsLOS ANGELES, Jan. 30, 2025 (GLOBE NEWSWIRE) -- Preferred Bank (NASDAQ:PFBC), (the "Bank") one of the larger independent California banks, today reported that the Board of Directors had approved a significant donation to benefit fire relief efforts on the Los Angeles area. Li Yu, Chairman and CEO, commented, "The recent wildfires in Southern California have been devastating and one of the worst disasters in the history of Southern California. As a company headquartered in the heart of Los Angeles, the fires have been particularly impactful for many of our associates, clients and communities. To support recovery efforts, the Board and executive management have authorized a donation in t
PFBC FAQ
7 questionsWhat does Preferred Bank do?
Preferred Bank provides various commercial banking products and services to small and mid-sized businesses and their owners, entrepreneurs, real estate developers and investors, professionals, and high net worth individuals in the United States. The company accepts checking, savings, and money market deposit accounts; fixed-rate and fixed maturity retail, and non-retail certificates of deposit; and individual retirement accounts. It also provides real estate mortgage loans that are secured by retail, industrial, office, special purpose, and residential single and multi-family properties; real...Where does PFBC stock trade?
Preferred Bank (PFBC) is listed on NASDAQ.What sector and industry is PFBC in?
Preferred Bank operates in the Finance sector, Major Banks industry.Does PFBC pay a dividend?
PFBC's most recent ex-dividend date was 2026-04-07 with a cash dividend of $0.80 per share. No future ex-date is on file yet.What are analysts saying about PFBC?
Preferred Bank has had 8 recent analyst actions on file. The most recent action was from Janney: Neutral on 2026-02-24.What companies are similar to PFBC?
Notable peers in the same industry include JPM (JP Morgan Chase & Co.), BAC (Bank of America Corporation), WFC (Wells Fargo & Company), C (Citigroup Inc.), UBS (UBS Group AG Registered). Compare PFBC side-by-side with any of them on Quantisnow.How can I track PFBC on Quantisnow?
Quantisnow aggregates Preferred Bank's SEC filings, analyst ratings, insider transactions, FDA approvals, and press releases the moment they hit the wire (Wall Street's wire, on your screen.). Follow PFBC to receive live email and push alerts on every new disclosure.