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    Preferred Bank

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    $PFBC
    Major Banks
    Finance

    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 estate construction loans; and commercial loans comprising lines of credit for working capital and term loans for capital expenditures, as well as equipment financing and SBA loans. In addition, the company offers trade finance services, including commercial and export letters of credit, import lines of credit, documentary collections, international wire transfers, export financing, bills purchase programs, and acceptances/trust receipt financing products, as well as standby letters of credit. Further, it provides various high-wealth banking services to wealthy individuals residing in the Pacific Rim area; and remote deposit capture, and online and mobile banking services. Additionally, the company offers various banking services to physicians, accountants, attorneys, business managers, and other professionals; and safe deposit boxes, account reconciliation, courier service, and cash management services to the manufacturing, service, and distribution companies. As of December 31, 2020, it had thirteen full-service branch offices in Alhambra, Arcadia, Century City, City of Industry, Diamond Bar, Los Angeles, Pico Rivera, San Francisco, Tarzana, Torrance, and Irvine, California; and Flushing, New York. The company was founded in 1991 and is headquartered in Los Angeles, California.

    IPO Year:

    Exchange: NASDAQ

    Website: preferredbank.com

    Peers

    $BYFC
    $CSTR
    $APTS

    Recent Analyst Ratings for Preferred Bank

    DatePrice TargetRatingAnalyst
    12/9/2024Overweight → Equal-Weight
    Stephens
    7/7/2022Outperform → Mkt Perform
    Raymond James
    2/16/2022$95.00Neutral → Buy
    Janney
    1/24/2022$85.00 → $94.00Overweight
    Piper Sandler
    1/21/2022$95.00 → $100.00Buy
    B. Riley Securities
    1/21/2022$75.00 → $85.00Outperform
    Raymond James
    1/12/2022$80.00 → $95.00Buy
    B. Riley Securities
    11/17/2021$85.00 → $88.00Overweight
    Piper Sandler
    10/29/2021$74.00 → $79.00Equal-Weight → Overweight
    Stephens
    10/25/2021$72.00 → $75.00Outperform
    Raymond James
    See more ratings

    Preferred Bank SEC Filings

    See more
    • Amendment: SEC Form SCHEDULE 13G/A filed by Preferred Bank

      SCHEDULE 13G/A - Preferred Bank (0001492165) (Subject)

      4/15/25 12:18:00 PM ET
      $PFBC
      Major Banks
      Finance

    Preferred Bank Press Releases

    Fastest customizable press release news feed in the world

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    • Preferred Bank Announces Stock Buyback

      LOS 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

      5/22/25 4:05:00 PM ET
      $PFBC
      Major Banks
      Finance
    • Preferred Bank Announces New Chief Risk Officer

      LOS 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

      5/9/25 4:31:54 PM ET
      $PFBC
      Major Banks
      Finance
    • Preferred Bank Reports First Quarter Results

      LOS 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

      4/25/25 8:30:00 AM ET
      $PFBC
      Major Banks
      Finance
    • Preferred Bank Announces 2025 First Quarter Earnings Release and Conference Call

      LOS 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

      4/14/25 6:32:56 PM ET
      $PFBC
      Major Banks
      Finance
    • Preferred Bank Announces Dividend Increase

      LOS 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

      3/19/25 4:15:00 PM ET
      $PFBC
      Major Banks
      Finance
    • Preferred Bank Announces Approval to Continue Share Repurchase Plan

      LOS 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

      3/18/25 8:30:00 AM ET
      $PFBC
      Major Banks
      Finance
    • Preferred Bank Announces Fire Relief Donations

      LOS 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

      1/30/25 6:29:50 PM ET
      $PFBC
      Major Banks
      Finance
    • Preferred Bank Reports Fourth Quarter and Annual Results

      LOS ANGELES, Jan. 27, 2025 (GLOBE NEWSWIRE) -- Preferred Bank (NASDAQ:PFBC), one of the larger independent California banks, today reported results for the quarter ended December 31, 2024. Preferred Bank ("the Bank") reported net income of $30.2 million or $2.25 per diluted share for the fourth quarter of 2024. This represents a decrease in net income of $3.2 million from the prior quarter and a decrease of $5.6 from the same quarter last year. The decrease compared to both periods was mainly due to a one-time $8.1 million increase in occupancy expense this quarter due to the previously disclosed error in the calculation of ASC 842, Accounting for Leases. As previously disclosed, this calc

      1/27/25 4:01:00 PM ET
      $PFBC
      Major Banks
      Finance
    • Preferred Bank Announces 2024 Fourth Quarter Earnings Release and Conference Call

      LOS ANGELES, Jan. 10, 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 December 31, 2024 after the close of market on Monday, January 27, 2025. On the following day, Tuesday, January 28, 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 844-826-3037 (domestic) or 412-317-5182 (international) and referencing "Preferred Bank." There will also be a live webcast of th

      1/10/25 4:05:00 PM ET
      $PFBC
      Major Banks
      Finance
    • Preferred Bank Announces Dividend Increase

      LOS ANGELES, Dec. 26, 2024 (GLOBE NEWSWIRE) -- Preferred Bank (NASDAQ:PFBC), one of the largest independent commercial banks in California, today reported that the Board of Directors has increased the quarterly cash dividend to $0.75 per share from the previous $0.70 per share, an increase of 7.1%. The dividend is payable on January 23, 2025 to holders of record on January 9, 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

      12/26/24 4:04:07 PM ET
      $PFBC
      Major Banks
      Finance

    Preferred Bank Financials

    Live finance-specific insights

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    Preferred Bank Large Ownership Changes

    This live feed shows all institutional transactions in real time.

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    • Preferred Bank Reports First Quarter Results

      LOS 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

      4/25/25 8:30:00 AM ET
      $PFBC
      Major Banks
      Finance
    • Preferred Bank Announces 2025 First Quarter Earnings Release and Conference Call

      LOS 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

      4/14/25 6:32:56 PM ET
      $PFBC
      Major Banks
      Finance
    • Preferred Bank Announces Dividend Increase

      LOS 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

      3/19/25 4:15:00 PM ET
      $PFBC
      Major Banks
      Finance
    • Preferred Bank Reports Fourth Quarter and Annual Results

      LOS ANGELES, Jan. 27, 2025 (GLOBE NEWSWIRE) -- Preferred Bank (NASDAQ:PFBC), one of the larger independent California banks, today reported results for the quarter ended December 31, 2024. Preferred Bank ("the Bank") reported net income of $30.2 million or $2.25 per diluted share for the fourth quarter of 2024. This represents a decrease in net income of $3.2 million from the prior quarter and a decrease of $5.6 from the same quarter last year. The decrease compared to both periods was mainly due to a one-time $8.1 million increase in occupancy expense this quarter due to the previously disclosed error in the calculation of ASC 842, Accounting for Leases. As previously disclosed, this calc

      1/27/25 4:01:00 PM ET
      $PFBC
      Major Banks
      Finance
    • Preferred Bank Announces 2024 Fourth Quarter Earnings Release and Conference Call

      LOS ANGELES, Jan. 10, 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 December 31, 2024 after the close of market on Monday, January 27, 2025. On the following day, Tuesday, January 28, 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 844-826-3037 (domestic) or 412-317-5182 (international) and referencing "Preferred Bank." There will also be a live webcast of th

      1/10/25 4:05:00 PM ET
      $PFBC
      Major Banks
      Finance
    • Preferred Bank Announces Dividend Increase

      LOS ANGELES, Dec. 26, 2024 (GLOBE NEWSWIRE) -- Preferred Bank (NASDAQ:PFBC), one of the largest independent commercial banks in California, today reported that the Board of Directors has increased the quarterly cash dividend to $0.75 per share from the previous $0.70 per share, an increase of 7.1%. The dividend is payable on January 23, 2025 to holders of record on January 9, 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

      12/26/24 4:04:07 PM ET
      $PFBC
      Major Banks
      Finance
    • Preferred Bank Reports Third Quarter Results

      LOS ANGELES, Oct. 21, 2024 (GLOBE NEWSWIRE) -- Preferred Bank (NASDAQ:PFBC), one of the larger independent California banks, today reported results for the quarter ended September 30, 2024. Preferred Bank ("the Bank") reported net income of $33.4 million or $2.46 per diluted share for the third quarter of 2024. This represents a slight decrease in net income of $209,000 from the prior quarter and down by $4.8 million from the same quarter last year. The decrease in net income from the prior year was due to a decrease in net interest income of $4.1 million due to higher deposit costs as well as an increase in noninterest expense of $3.1 million. These were partially offset by lower provisio

      10/21/24 8:00:00 AM ET
      $PFBC
      Major Banks
      Finance
    • Preferred Bank Announces 2024 Third Quarter Earnings Release and Conference Call

      LOS ANGELES, Oct. 15, 2024 (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, 2024 before the open of market on Monday, October 21, 2024. 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

      10/15/24 5:48:35 PM ET
      $PFBC
      Major Banks
      Finance
    • Preferred Bank Announces Quarterly Cash Dividend

      LOS ANGELES, Sept. 19, 2024 (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 $0.70 per share, payable on October 21, 2024 to holders of record on October 7, 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 maximum extent permitted by law. The Bank conducts its banking business from its main office in Los Angeles, California, and thr

      9/19/24 4:05:00 PM ET
      $PFBC
      Major Banks
      Finance
    • Preferred Bank Reports Quarterly Results

      LOS ANGELES, July 25, 2024 (GLOBE NEWSWIRE) -- Preferred Bank (NASDAQ:PFBC), one of the larger independent California banks, today reported results for the quarter ended June 30, 2024. Preferred Bank ("the Bank") reported net income of $33.6 million or $2.48 per diluted share for the second quarter of 2024. This represents a slight increase in net income of $126,000 over the prior quarter but down by $4.3 million from the same quarter last year. The decrease in net income from the prior year was due to lower net interest income because of rising deposit costs. Despite the decrease in net income, Preferred Bank continues to deliver top-of-peer group profitability metrics and long term share

      7/25/24 5:01:00 PM ET
      $PFBC
      Major Banks
      Finance
    • Amendment: SEC Form SC 13G/A filed by Preferred Bank

      SC 13G/A - Preferred Bank (0001492165) (Subject)

      11/14/24 1:28:29 PM ET
      $PFBC
      Major Banks
      Finance
    • SEC Form SC 13G filed by Preferred Bank

      SC 13G - Preferred Bank (0001492165) (Subject)

      10/31/24 11:55:01 AM ET
      $PFBC
      Major Banks
      Finance
    • SEC Form SC 13G/A filed by Preferred Bank (Amendment)

      SC 13G/A - Preferred Bank (0001492165) (Subject)

      1/24/24 2:27:17 PM ET
      $PFBC
      Major Banks
      Finance
    • SEC Form SC 13G filed by Preferred Bank

      SC 13G - Preferred Bank (0001492165) (Subject)

      2/14/23 12:40:50 PM ET
      $PFBC
      Major Banks
      Finance
    • SEC Form SC 13G/A filed by Preferred Bank (Amendment)

      SC 13G/A - Preferred Bank (0001492165) (Subject)

      2/14/23 12:38:06 PM ET
      $PFBC
      Major Banks
      Finance
    • SEC Form SC 13G filed by Preferred Bank

      SC 13G - Preferred Bank (0001492165) (Subject)

      1/24/23 1:56:34 PM ET
      $PFBC
      Major Banks
      Finance
    • SEC Form SC 13G/A filed by Preferred Bank (Amendment)

      SC 13G/A - Preferred Bank (0001492165) (Subject)

      2/14/22 2:34:29 PM ET
      $PFBC
      Major Banks
      Finance
    • SEC Form SC 13G/A filed by Preferred Bank (Amendment)

      SC 13G/A - Preferred Bank (0001492165) (Subject)

      2/10/22 8:32:50 AM ET
      $PFBC
      Major Banks
      Finance
    • SEC Form SC 13G/A filed

      SC 13G/A - Preferred Bank (0001492165) (Subject)

      2/12/21 7:40:31 AM ET
      $PFBC
      Major Banks
      Finance
    • SEC Form SC 13G/A filed

      SC 13G/A - Preferred Bank (0001492165) (Subject)

      2/12/21 7:19:41 AM ET
      $PFBC
      Major Banks
      Finance

    Preferred Bank Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

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    • Preferred Bank downgraded by Stephens

      Stephens downgraded Preferred Bank from Overweight to Equal-Weight

      12/9/24 9:35:24 AM ET
      $PFBC
      Major Banks
      Finance
    • Preferred Bank downgraded by Raymond James

      Raymond James downgraded Preferred Bank from Outperform to Mkt Perform

      7/7/22 9:33:08 AM ET
      $PFBC
      Major Banks
      Finance
    • Preferred Bank upgraded by Janney with a new price target

      Janney upgraded Preferred Bank from Neutral to Buy and set a new price target of $95.00

      2/16/22 7:08:15 AM ET
      $PFBC
      Major Banks
      Finance
    • Piper Sandler reiterated coverage on Preferred Bank with a new price target

      Piper Sandler reiterated coverage of Preferred Bank with a rating of Overweight and set a new price target of $94.00 from $85.00 previously

      1/24/22 9:53:16 AM ET
      $PFBC
      Major Banks
      Finance
    • B. Riley Securities reiterated coverage on Preferred Bank with a new price target

      B. Riley Securities reiterated coverage of Preferred Bank with a rating of Buy and set a new price target of $100.00 from $95.00 previously

      1/21/22 8:52:39 AM ET
      $PFBC
      Major Banks
      Finance
    • Raymond James reiterated coverage on Preferred Bank with a new price target

      Raymond James reiterated coverage of Preferred Bank with a rating of Outperform and set a new price target of $85.00 from $75.00 previously

      1/21/22 8:09:47 AM ET
      $PFBC
      Major Banks
      Finance
    • B. Riley Securities reiterated coverage on Preferred Bank with a new price target

      B. Riley Securities reiterated coverage of Preferred Bank with a rating of Buy and set a new price target of $95.00 from $80.00 previously

      1/12/22 8:47:17 AM ET
      $PFBC
      Major Banks
      Finance
    • Piper Sandler reiterated coverage on Preferred Bank with a new price target

      Piper Sandler reiterated coverage of Preferred Bank with a rating of Overweight and set a new price target of $88.00 from $85.00 previously

      11/17/21 9:37:36 AM ET
      $PFBC
      Major Banks
      Finance
    • Preferred Bank upgraded by Stephens with a new price target

      Stephens upgraded Preferred Bank from Equal-Weight to Overweight and set a new price target of $79.00 from $74.00 previously

      10/29/21 8:35:04 AM ET
      $PFBC
      Major Banks
      Finance
    • Raymond James reiterated coverage on Preferred Bank with a new price target

      Raymond James reiterated coverage of Preferred Bank with a rating of Outperform and set a new price target of $75.00 from $72.00 previously

      10/25/21 5:20:57 AM ET
      $PFBC
      Major Banks
      Finance