Preferred Bank (PFBC)

Preferred Bank Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	445.14	412.51	269.01	200.54	203.09
Interest Income on Investments	63.96	65.48	25.37	10.5	11.17
Total Interest Income	509.1	477.99	294.38	211.04	214.26
Interest Paid on Deposits	231.17	179.5	41.72	18.83	33.98
Interest Paid on Borrowings	5.3	9.12	5.3	6.33	6.12
Total Interest Expense	236.47	188.61	47.02	25.16	40.11
Net Interest Income	272.63	289.37	247.36	185.88	174.15
Net Interest Income Growth (YoY)	-5.79%	16.99%	33.08%	6.73%	5.78%
Gain (Loss) on Sale of Investments	-	-15.94	-7.55	-3.46	-6.37
Other Non-Interest Income	9.73	8.07	6.84	6.23	5.18
Total Non-Interest Income	13.57	-3.79	2.02	4.24	0.46
Non-Interest Income Growth (YoY)	-	-	-52.43%	829.82%	-74.09%
Revenues Before Loan Losses	286.19	285.59	249.38	190.12	174.61
Provision for Loan Losses	12.1	10	7.35	-1	26
Revenue	274.09	275.59	242.03	191.12	148.61
Revenue Growth (YoY)	-0.54%	13.87%	26.64%	28.60%	-8.80%
Salaries and Employee Benefits	53.65	45.5	40.2	33.49	30.67
Occupancy Expenses	15.42	3.35	3.26	3.06	3.13
Selling, General & Administrative	9.74	16.11	18.48	18.29	17.78
Other Non-Interest Expense	9.02	-2.57	-1.92	2.45	0.17
Total Non-Interest Expense	90.06	65.74	62.83	57.29	51.75
EBT Excluding Unusual Items	184.03	209.85	179.2	133.83	96.86
Pretax Income	184.03	209.85	179.2	133.83	96.86
Income Tax Expense	53.37	59.81	50.35	38.59	27.39
Net Income	130.66	150.04	128.85	95.24	69.47
Preferred Dividends & Other Adjustments	-	-	0	0.01	0.19
Net Income to Common	130.66	150.04	128.84	95.23	69.27
Net Income Growth	-12.92%	16.45%	35.28%	37.10%	-11.36%
Basic Shares Outstanding	13	14	15	15	15
Diluted Shares Outstanding	14	14	15	15	15
Shares Change (YoY)	-4.96%	-3.70%	-0.38%	-0.13%	-1.16%
EPS (Basic)	9.79	10.64	8.84	6.41	4.65
EPS (Diluted)	9.64	10.52	8.70	6.41	4.65
EPS Growth	-8.37%	20.92%	35.81%	37.76%	-9.88%
Dividend Per Share	2.850	2.350	1.840	1.570	1.200
Dividend Growth	21.28%	27.72%	17.20%	30.83%	0%
Effective Tax Rate	29.00%	28.50%	28.10%	28.83%	28.28%

Source: S&P Capital IQ. Banks template. Financial Sources.