Preferred Bank (PFBC)

NASDAQ: PFBC · IEX Real-Time Price · USD
74.97
+1.97 (2.70%)
Jun 17, 2024, 4:00 PM EDT - Market closed
2.70%
Market Cap 1.12B
Revenue (ttm) 408.56M
Net Income (ttm) 145.43M
Shares Out 14.90M
EPS (ttm) 10.36
PE Ratio 7.24
Forward PE 7.78
Dividend $2.80 (3.74%)
Ex-Dividend Date Apr 4, 2024
Volume 70,177
Open 73.08
Previous Close 73.00
Day's Range 72.93 - 75.06
52-Week Range 53.15 - 81.13
Beta 0.98
Analysts Buy
Price Target 68.00 (-9.3%)
Earnings Date Jul 17, 2024

About PFBC

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. 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 m... [Read more]

Sector Financials
IPO Date Apr 7, 1998
Employees 299
Stock Exchange NASDAQ
Ticker Symbol PFBC
Full Company Profile

Financial Performance

In 2023, Preferred Bank's revenue was $481.76 million, an increase of 89.37% compared to the previous year's $254.40 million. Earnings were $150.04 million, an increase of 16.45%.

Financial Statements

Analyst Forecast

According to one analyst, the rating for PFBC stock is "Buy" and the 12-month stock price forecast is $68.0.

Price Target
$68.0
(-9.30% downside)
Analyst Consensus: Buy
Stock Forecasts

News

Preferred Bank Reports Quarterly Results

LOS ANGELES, April 23, 2024 (GLOBE NEWSWIRE) -- Preferred Bank (NASDAQ: PFBC), one of the larger independent California banks, today reported results for the quarter ended March 31, 2024. Preferred Ba...

7 weeks ago - GlobeNewsWire

Preferred Bank Announces 2024 First Quarter Earnings Release and Conference Call

LOS ANGELES, April 11, 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 ...

2 months ago - GlobeNewsWire

CORRECTION – Preferred Bank Announces Quarterly Cash Dividend

LOS ANGELES, March 20, 2024 (GLOBE NEWSWIRE) -- In a release issued under the same headline today by Preferred Bank, (NASDAQ: PFBC), please note that in the first paragraph, the dividend payable date ...

3 months ago - GlobeNewsWire

Preferred Bank Announces Quarterly Cash Dividend

LOS ANGELES, March 20, 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 ...

3 months ago - GlobeNewsWire

Preferred Bank Reports Quarterly and Annual Results

LOS ANGELES, Jan. 24, 2024 (GLOBE NEWSWIRE) -- Preferred Bank (NASDAQ: PFBC), one of the larger independent California banks, today reported results for the quarter ended December 31, 2023. Preferred ...

5 months ago - GlobeNewsWire

Preferred Bank Announces Continuation of Share Repurchase Plan

LOS ANGELES, Jan. 09, 2024 (GLOBE NEWSWIRE) -- Preferred Bank (NASDAQ: PFBC), (“the Bank”), an independent commercial bank, today announced that the Board of Directors has approved the repurchase of a...

5 months ago - GlobeNewsWire

Preferred Bank Announces 2023 Fourth Quarter Earnings Release and Conference Call

LOS ANGELES, Jan. 08, 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 t...

5 months ago - GlobeNewsWire

Preferred Bank Announces Increased Cash Dividend

LOS ANGELES, Dec. 13, 2023 (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...

6 months ago - GlobeNewsWire

Preferred Bank Reports Quarterly Earnings

LOS ANGELES, Oct. 17, 2023 (GLOBE NEWSWIRE) -- Preferred Bank (NASDAQ: PFBC), one of the larger independent California banks, today reported results for the quarter ended September 30, 2023. Preferred...

8 months ago - GlobeNewsWire

Preferred Bank Announces 2023 Third Quarter Earnings Release and Conference Call

LOS ANGELES, Oct. 06, 2023 (GLOBE NEWSWIRE) -- Preferred Bank (NASDAQ: PFBC), one of the larger independent commercial banks in California, today announced plans to release its financial results for t...

9 months ago - GlobeNewsWire

Preferred Bank Announces Share Repurchase Plan

LOS ANGELES, June 12, 2023 (GLOBE NEWSWIRE) -- Preferred Bank (NASDAQ: PFBC), (“the Bank”), an independent commercial bank, today announced that it had received all the required approvals to begin its...

1 year ago - GlobeNewsWire

Preferred Bank Opens Houston Office

LOS ANGELES, May 31, 2023 (GLOBE NEWSWIRE) -- Preferred Bank (NASDAQ: PFBC), (“the Bank”), one of the larger independent banks headquartered in California, is pleased to announce the opening of its ne...

1 year ago - GlobeNewsWire

Preferred Bank Announces 2023 First Quarter Earnings Release and Conference Call

LOS ANGELES, April 11, 2023 (GLOBE NEWSWIRE) -- Preferred Bank (NASDAQ: PFBC), one of the larger independent commercial banks in California, today announced plans to release its financial results for ...

1 year ago - GlobeNewsWire

Preferred Bank Issues Updated Financial Data

LOS ANGELES, March 10, 2023 (GLOBE NEWSWIRE) -- Preferred Bank (NASDAQ: PFBC), (“the Bank”), an independent commercial bank, updates the following (unaudited) financial information in light of the rec...

1 year ago - GlobeNewsWire

Preferred Bank Reports Record Quarterly Earnings Again

LOS ANGELES, Jan. 18, 2023 (GLOBE NEWSWIRE) -- Preferred Bank (NASDAQ: PFBC), one of the larger independent California banks, today reported results for the quarter ended December 31, 2022. Preferred ...

1 year ago - GlobeNewsWire

Preferred Bank Announces 2022 Fourth Quarter Earnings Release and Conference Call

LOS ANGELES, Jan. 10, 2023 (GLOBE NEWSWIRE) -- Preferred Bank (NASDAQ: PFBC), one of the larger independent commercial banks in California, today announced plans to release its financial results for t...

1 year ago - GlobeNewsWire

Preferred Bank Increases Quarterly Cash Dividend

LOS ANGELES, Dec. 15, 2022 (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 q...

1 year ago - GlobeNewsWire

Preferred Bank Reports Record Quarterly Earnings

LOS ANGELES, Oct. 19, 2022 (GLOBE NEWSWIRE) -- Preferred Bank (NASDAQ: PFBC), one of the larger independent California banks, today reported results for the quarter ended September 30, 2022. Preferred...

1 year ago - GlobeNewsWire

Preferred Bank Announces 2022 Third Quarter Earnings Release and Conference Call

LOS ANGELES, Oct. 11, 2022 (GLOBE NEWSWIRE) -- Preferred Bank (NASDAQ: PFBC), one of the larger independent commercial banks in California, today announced plans to release its financial results for t...

1 year ago - GlobeNewsWire

Preferred Bank Declares Quarterly Cash Dividend

LOS ANGELES, Sept. 21, 2022 (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 ...

1 year ago - GlobeNewsWire

Preferred Bank Completes Stock Repurchase

LOS ANGELES, Aug. 04, 2022 (GLOBE NEWSWIRE) -- Preferred Bank (NASDAQ: PFBC), one of the larger independent California banks, today announced the completion of its $32 million stock repurchase program...

2 years ago - GlobeNewsWire

Preferred Bank Announces 2022 Second Quarter Earnings Release and Conference Call

LOS ANGELES, July 13, 2022 (GLOBE NEWSWIRE) -- Preferred Bank (NASDAQ: PFBC), one of the larger independent commercial banks in California, today announced plans to release its financial results for t...

2 years ago - GlobeNewsWire

Preferred Bank Announces 2022 First Quarter Earnings Release and Conference Call

LOS ANGELES, April 05, 2022 (GLOBE NEWSWIRE) -- Preferred Bank (NASDAQ: PFBC), one of the larger independent commercial banks in California, today announced plans to release its financial results for ...

2 years ago - GlobeNewsWire

Preferred Bank Reports Quarterly and Annual Earnings

LOS ANGELES, Jan. 19, 2022 (GLOBE NEWSWIRE) -- Preferred Bank (NASDAQ: PFBC), one of the larger independent California banks, today reported results for the quarter and year ended December 31, 2021. P...

2 years ago - GlobeNewsWire

Preferred Bank Announces 2021 Fourth Quarter Earnings Release and Conference Call

LOS ANGELES, Jan. 12, 2022 (GLOBE NEWSWIRE) -- Preferred Bank (NASDAQ: PFBC), one of the larger independent commercial banks in California, today announced plans to release its financial results for t...

2 years ago - GlobeNewsWire