Preferred Bank (PFBC)

Preferred Bank Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	441.25	412.51	269.01	200.54	203.09	207.22
Interest Income on Investments	66.95	65.48	25.37	10.5	11.17	19.5
Total Interest Income	508.2	477.99	294.38	211.04	214.26	226.72
Interest Paid on Deposits	230.05	179.5	41.72	18.83	33.98	55.94
Interest Paid on Borrowings	5.3	9.12	5.3	6.33	6.12	6.14
Total Interest Expense	235.35	188.61	47.02	25.16	40.11	62.08
Net Interest Income	272.85	289.37	247.36	185.88	174.15	164.64
Net Interest Income Growth (YoY)	-7.22%	16.99%	33.08%	6.73%	5.78%	6.75%
Gain (Loss) on Sale of Investments	-11.83	-15.94	-7.55	-3.46	-6.37	-5.71
Other Non-Interest Income	8.94	8.07	6.84	6.23	5.18	5.86
Total Non-Interest Income	1.14	-3.79	2.02	4.24	0.46	1.76
Non-Interest Income Growth (YoY)	-	-	-52.43%	829.82%	-74.09%	-50.31%
Revenues Before Loan Losses	273.99	285.59	249.38	190.12	174.61	166.4
Provision for Loan Losses	13.6	10	7.35	-1	26	3.45
Revenue	260.39	275.59	242.03	191.12	148.61	162.95
Revenue Growth (YoY)	-8.81%	13.87%	26.64%	28.60%	-8.80%	10.37%
Salaries and Employee Benefits	46.62	45.5	40.2	33.49	30.67	31.05
Occupancy Expenses	4.15	3.35	3.26	3.06	3.13	2.62
Selling, General & Administrative	17.9	16.11	18.48	18.29	17.78	17.37
Other Non-Interest Expense	-2.24	-2.57	-1.92	2.45	0.17	-0.72
Total Non-Interest Expense	68.79	65.74	62.83	57.29	51.75	51.54
EBT Excluding Unusual Items	191.6	209.85	179.2	133.83	96.86	111.41
Pretax Income	191.6	209.85	179.2	133.83	96.86	111.41
Income Tax Expense	55.32	59.81	50.35	38.59	27.39	33.04
Net Income	136.28	150.04	128.85	95.24	69.47	78.37
Preferred Dividends & Other Adjustments	-	-	0	0.01	0.19	0.67
Net Income to Common	136.28	150.04	128.84	95.23	69.27	77.71
Net Income Growth	-11.37%	16.45%	35.28%	37.10%	-11.36%	10.39%
Basic Shares Outstanding	13	14	15	15	15	15
Diluted Shares Outstanding	14	14	15	15	15	15
Shares Change (YoY)	-5.74%	-3.70%	-0.38%	-0.13%	-1.16%	0.00%
EPS (Basic)	10.13	10.64	8.84	6.41	4.65	5.16
EPS (Diluted)	9.99	10.52	8.70	6.41	4.65	5.16
EPS Growth	-6.02%	20.92%	35.81%	37.76%	-9.88%	11.26%
Dividend Per Share	2.800	2.350	1.840	1.570	1.200	1.200
Dividend Growth	27.27%	27.72%	17.20%	30.83%	0%	17.65%
Effective Tax Rate	28.87%	28.50%	28.10%	28.83%	28.28%	29.65%

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