Preferred Bank (NASDAQ:PFBC) Bolsa

Preferred Bank

Preferred Bank is a commercial bank located in California. Its products and services are divided into Personal Banking, Business Banking, and Commercial Banking which includes Checking accounts, Savings accounts, CDs, Loans and Credit, Electronic banking, and Treasury Management. It provides personalized deposit services, real estate finance, commercial loans, and trade finance credit facilities to small and mid-sized businesses and their owners, entrepreneurs, real estate developers and investors, professionals, and high-net-worth individuals. The bank generates a majority of its revenue from Southern and Northern California and Flushing.

News

Buybacks

PFBC

Preferred Bank Receives Approval To Continue $150M Share Repurchase Plan

Piper Sandler analyst Matthew Clark maintains Preferred Bank (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PFBC#NASDAQ">PFBC</a>) with a Overweight and raises the price target from $101 to $111.

Price Target

Analyst Ratings

Piper Sandler Maintains Overweight on Preferred Bank, Raises Price Target to $111

Stephens &amp; Co. analyst Andrew Terrell reiterates Preferred Bank (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PFBC#NASDAQ">PFBC</a>) with a Equal-Weight and maintains $100 price target.

Reiteration

Stephens & Co. Reiterates Equal-Weight on Preferred Bank, Maintains $100 Price Target

DA Davidson analyst Gary Tenner maintains Preferred Bank (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PFBC#NASDAQ">PFBC</a>) with a Neutral and raises the price target from $98 to $101.

DA Davidson Maintains Neutral on Preferred Bank, Raises Price Target to $101

Preferred Bank (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PFBC#NASDAQ">PFBC</a>) announced its Q4 earnings on Monday, January 27, 2025 at 04:05 PM.
Here's a breakdown of the earnings report.
<h3>Earnings</h3>
Preferred Bank missed estimated earnings by -5.0%, reporting an EPS of $2.25 versus an estimate of $2.38.
Revenue was down $223 thousand from the same period last year.
<h3>Overview of Past Earnings</h3>
During the previous quarter, the company beat on EPS by $0.09, leading to a 3.0% increase share price change the next day.
Here's a look at Preferred Bank's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2024</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>2.37</td>
<td>2.39</td>
<td>2.38</td>
<td>2.54</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>2.46</td>
<td>2.48</td>
<td>2.44</td>
<td>2.60</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>65.88M</td>
<td>67.14M</td>
<td>66.88M</td>
<td>70.48M</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>68.85M</td>
<td>66.11M</td>
<td>68.50M</td>
<td>69.40M</td>
</tr>
</tbody>
</table>

To track all earnings releases for Preferred Bank <a href="https://www.benzinga.com/quote/PFBC/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings

Preferred Bank Earnings Analysis: Q4 Recap

Preferred Bank (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PFBC#NASDAQ">PFBC</a>) reported quarterly earnings of $2.25 per share which missed the analyst consensus estimate of $2.39 by 5.86 percent. This is a 13.46 percent decrease over earnings of $2.60 per share from the same period last year. The company reported quarterly sales of $69.17 million which beat the analyst consensus estimate of $66.32 million by 4.31 percent. This is a 0.32 percent decrease over sales of $69.40 million the same period last year.

Earnings Beats

Earnings Misses

Preferred Bank Q4 EPS $2.25 Misses $2.39 Estimate, Sales $69.17M Beat $66.32M Estimate

Preferred Bank (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PFBC#NASDAQ">PFBC</a>) announced its Q4 earnings on Monday, January 27, 2025 at 04:05 PM.
Here's a breakdown of the earnings report.
<h3>Earnings</h3>
Preferred Bank missed estimated earnings by -5.0%, reporting an EPS of $2.25 versus an estimate of $2.38.
Revenue was down $223 thousand from the same period last year.
<h3>Historical Earnings Summary</h3>
During the previous quarter, the company beat on EPS by $0.09, leading to a 3.0% increase share price change the next day.
Here's a look at Preferred Bank's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2024</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>2.37</td>
<td>2.39</td>
<td>2.38</td>
<td>2.54</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>2.46</td>
<td>2.48</td>
<td>2.44</td>
<td>2.60</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>65.88M</td>
<td>67.14M</td>
<td>66.88M</td>
<td>70.48M</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>68.85M</td>
<td>66.11M</td>
<td>68.50M</td>
<td>69.40M</td>
</tr>
</tbody>
</table>

To track all earnings releases for Preferred Bank <a href="https://www.benzinga.com/quote/PFBC/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Breakdown: Preferred Bank Q4

<h3>Companies Reporting Before The Bell</h3>
• MainStreet Bancshares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNSB#NASDAQ">MNSB</a>) is estimated to report quarterly earnings at $0.23 per share on revenue of $16.99 million. 
• Oxford Lane Capital (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OXLC#NASDAQ">OXLC</a>) is estimated to report earnings for its third quarter. 
• SoFi Techs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOFI#NASDAQ">SOFI</a>) is estimated to report quarterly earnings at $0.04 per share on revenue of $678.53 million. 
• Ryanair Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RYAAY#NASDAQ">RYAAY</a>) is likely to report quarterly earnings at $0.09 per share on revenue of $3.08 billion. 
• Dynex Cap (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DX#NYSE">DX</a>) is projected to report quarterly earnings at $0.06 per share on revenue of $11.39 million. 
• Hope Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOPE#NASDAQ">HOPE</a>) is expected to report quarterly earnings at $0.19 per share on revenue of $119.97 million. 
• Bank of Hawaii (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BOH#NYSE">BOH</a>) is expected to report quarterly earnings at $0.84 per share on revenue of $163.36 million. 
• Bank of Marin (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BMRC#NASDAQ">BMRC</a>) is expected to report quarterly earnings at $0.32 per share on revenue of $28.17 million. 
• AT&amp;T (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/T#NYSE">T</a>) is expected to report quarterly earnings at $0.51 per share on revenue of $31.95 billion. 
<h3>Companies Reporting After The Bell</h3>
• WSFS Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WSFS#NASDAQ">WSFS</a>) is expected to report quarterly earnings at $0.99 per share on revenue of $264.39 million. 
• WR Berkley (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WRB#NYSE">WRB</a>) is likely to report quarterly earnings at $0.95 per share on revenue of $2.98 billion. 
• Equity Lifestyle Props (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ELS#NYSE">ELS</a>) is projected to report quarterly earnings at $0.76 per share on revenue of $375.04 million. 
• Transcat (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRNS#NASDAQ">TRNS</a>) is expected to report quarterly earnings at $0.50 per share on revenue of $70.30 million. 
• Western Alliance (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WAL#NYSE">WAL</a>) is expected to report quarterly earnings at $1.91 per share on revenue of $804.88 million. 
• Five Star (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSBC#NASDAQ">FSBC</a>) is projected to report quarterly earnings at $0.57 per share on revenue of $34.09 million. 
• Sanmina (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SANM#NASDAQ">SANM</a>) is estimated to report quarterly earnings at $1.36 per share on revenue of $1.98 billion. 
• Nucor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NUE#NYSE">NUE</a>) is expected to report quarterly earnings at $0.63 per share on revenue of $6.77 billion. 
• AGNC Investment (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AGNC#NASDAQ">AGNC</a>) is projected to report quarterly earnings at $0.43 per share on revenue of $209.06 million. 
• HomeStreet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HMST#NASDAQ">HMST</a>) is projected to report quarterly loss at $0.19 per share on revenue of $41.10 million. 
• Home Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HBCP#NASDAQ">HBCP</a>) is estimated to report quarterly earnings at $1.11 per share on revenue of $30.30 million. 
• Preferred Bank (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PFBC#NASDAQ">PFBC</a>) is likely to report quarterly earnings at $2.39 per share on revenue of $69.74 million. 
• NBT Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NBTB#NASDAQ">NBTB</a>) is projected to report quarterly earnings at $0.77 per share on revenue of $147.11 million. 
• Marten Transport (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRTN#NASDAQ">MRTN</a>) is estimated to report quarterly earnings at $0.06 per share on revenue of $233.68 million. 
• PotlatchDeltic (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PCH#NASDAQ">PCH</a>) is expected to report quarterly loss at $0.02 per share on revenue of $246.71 million. 
• Graco (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GGG#NYSE">GGG</a>) is estimated to report quarterly earnings at $0.77 per share on revenue of $553.25 million. 
• Crane (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CR#NYSE">CR</a>) is expected to report quarterly earnings at $1.27 per share on revenue of $583.71 million. 
• Brown &amp; Brown (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRO#NYSE">BRO</a>) is likely to report quarterly earnings at $0.77 per share on revenue of $1.12 billion. 
• Enterprise Finl Servs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EFSC#NASDAQ">EFSC</a>) is likely to report quarterly earnings at $1.20 per share on revenue of $162.20 million. 
• Servisfirst Bancshares (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SFBS#NYSE">SFBS</a>) is likely to report quarterly earnings at $1.11 per share on revenue of $126.64 million. 
• Seacoast Banking (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBCF#NASDAQ">SBCF</a>) is projected to report earnings for its fourth quarter. 
• Alexandria Real Estate (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARE#NYSE">ARE</a>) is projected to report quarterly earnings at $2.39 per share on revenue of $788.78 million. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Earnings Scheduled For January 27, 2025

Dividends

Preferred Bank Increases Dividend From $0.70 To $0.75/Share

As a result of this error, the Bank will record $8.1 million on a pre-tax basis of occupancy expense in the fourth quarter of 2024. On an after-tax basis, this will reduce fourth quarter diluted earnings per share by approximately $0.43.
As for the impact of ASC 842 in future years, it is expected that the correct calculation of lease expense will increase occupancy expense by approximately $1.6 million per year on a pre-tax basis.
It has evaluated the impact to income for each of the periods involved as well as the cumulative impact to 2024's results and have determined the understatement in the prior years as well as the impact to the results for 2024 are not material to the Bank's results of operations or its balance sheet.

Preferred Bank Finds Unreconciled Difference In Its Calculation Of Its Right Of Use Asset And Lease Liabilities; Expects Additional Q4 Expense To Reduce Q4 EPS By $0.43

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Shares of banking-related companies are trading higher after Donald Trump won the US presidential election.

Stephens &amp; Co. analyst Andrew Terrell maintains Preferred Bank (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PFBC#NASDAQ">PFBC</a>) with a Overweight and raises the price target from $90 to $94.

Stephens & Co. Maintains Overweight on Preferred Bank, Raises Price Target to $94

Preferred Bank (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PFBC#NASDAQ">PFBC</a>) reported quarterly earnings of $2.46 per share which beat the analyst consensus estimate of $2.37 by 3.8 percent. The company reported quarterly sales of $68.848 million which beat the analyst consensus estimate of $65.882 million by 4.50 percent. This is a 5.63 percent decrease over sales of $72.954 million the same period last year.

Preferred Bank Q3 2024 GAAP EPS $2.46 Beats $2.37 Estimate, Sales $68.848M Beat $65.882M Estimate

Preferred Bank (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PFBC#NASDAQ">PFBC</a>) is preparing to release its quarterly earnings on Monday, 2024-10-21. Here's a brief overview of what investors should keep in mind before the announcement.
Analysts expect Preferred Bank to report an earnings per share (EPS) of $2.38.
The market awaits Preferred Bank's announcement, with hopes high for news of surpassing estimates and providing upbeat guidance for the next quarter.
It's important for new investors to understand that guidance can be a significant driver of stock prices.
<h3>Earnings Track Record</h3>
The company's EPS beat by $0.09 in the last quarter, leading to a 4.68% increase in the share price on the following day.
Here's a look at Preferred Bank's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>2.39</td>
<td>2.38</td>
<td>2.54</td>
<td>2.56</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>2.48</td>
<td>2.44</td>
<td>2.60</td>
<td>2.71</td>
</tr>
<tr>
<td>Price Change %</td>
<td>5.0%</td>
<td>-0.0%</td>
<td>-3.0%</td>
<td>-4.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1729275961_0.png" alt="eps graph" />
<h3>Tracking Preferred Bank's Stock Performance</h3>
Shares of Preferred Bank were trading at $85.08 as of October 17. Over the last 52-week period, shares are up 39.82%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<a href="https://www.benzinga.com/quote/PFBC/earnings">To track all earnings releases for Preferred Bank visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insights into Preferred Bank's Upcoming Earnings

Preferred Bank (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PFBC#NASDAQ">PFBC</a>) is preparing to release its quarterly earnings on Monday, 2024-10-21. Here's a brief overview of what investors should keep in mind before the announcement.
Analysts expect Preferred Bank to report an earnings per share (EPS) of $2.38.
Preferred Bank bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Overview of Past Earnings</h3>
During the last quarter, the company reported an EPS beat by $0.09, leading to a 4.68% increase in the share price on the subsequent day.
Here's a look at Preferred Bank's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>2.39</td>
<td>2.38</td>
<td>2.54</td>
<td>2.56</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>2.48</td>
<td>2.44</td>
<td>2.60</td>
<td>2.71</td>
</tr>
<tr>
<td>Price Change %</td>
<td>5.0%</td>
<td>-0.0%</td>
<td>-3.0%</td>
<td>-4.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1729267300_0.png" alt="eps graph" />
<h3>Performance of Preferred Bank Shares</h3>
Shares of Preferred Bank were trading at $85.08 as of October 17. Over the last 52-week period, shares are up 40.6%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<a href="https://www.benzinga.com/quote/PFBC/earnings">To track all earnings releases for Preferred Bank visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Examining the Future: Preferred Bank's Earnings Outlook

Preferred Bank (NASDAQ:<a href="https://www.benzinga.com/stock/PFBC#NASDAQ">PFBC</a>), ("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 $72.5 million of its common stock over the latter half of 2023 and into 2024, however regulatory approval expired in July of 2024. &nbsp;
As a state, non-member Bank that issues its common stock at the Bank level, Preferred Bank is required to seek regulatory approval to engage in transactions that either increase or decrease capital. This approval to repurchase the remaining $77.5 million of common stock will expire in February of 2025 and purchases will be made in the open market. The first portion of this repurchase totaled $72.5 million at an average price of $62.02.

Preferred Bank Has Received Regulatory Approval To Continue Its Shareholder-Approved $150M Stock Repurchase Plan; This Approval To Repurchase The Remaining $77.5M Of Common Stock Will Expire In February Of 2025

Stephens &amp; Co. analyst Andrew Terrell maintains Preferred Bank (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PFBC#NASDAQ">PFBC</a>) with a Overweight and raises the price target from $84 to $95.

Stephens & Co. Maintains Overweight on Preferred Bank, Raises Price Target to $95

Piper Sandler analyst Matthew Clark maintains Preferred Bank (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PFBC#NASDAQ">PFBC</a>) with a Overweight and raises the price target from $88 to $105.

Piper Sandler Maintains Overweight on Preferred Bank, Raises Price Target to $105

Preferred Bank (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PFBC#NASDAQ">PFBC</a>) reported quarterly earnings of $2.48 per share which beat the analyst consensus estimate of $2.39 by 3.77 percent. This is a 4.98 percent decrease over earnings of $2.61 per share from the same period last year. The company reported quarterly sales of $66.107 million which missed the analyst consensus estimate of $67.145 million by 1.55 percent. This is a 9.82 percent decrease over sales of $73.309 million the same period last year.

Preferred Bank Q2 2024 GAAP EPS $2.48 Beats $2.39 Estimate, Sales $66.107M Miss $67.145M Estimate

Preferred Bank (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PFBC#NASDAQ">PFBC</a>) reported quarterly earnings of $2.44 per share which beat the analyst consensus estimate of $2.38 by 2.52 percent. This is a 40.23 percent increase over earnings of $1.74 per share from the same period last year. The company reported quarterly sales of $68.500 million which beat the analyst consensus estimate of $66.879 million by 2.42 percent. This is a 7.07 percent decrease over sales of $73.715 million the same period last year.

Preferred Bank Q1 2024 GAAP EPS $2.44 Beats $2.38 Estimate, Sales $68.500M Beat $66.879M Estimate

Press Releases

Preferred Bank Announces 2024 Third Quarter Earnings Release and Conference Call

Preferred Bank Reports Third Quarter Results

Preferred Bank Announces Additional Q4 Expense

Preferred Bank Announces Dividend Increase

Preferred Bank Announces 2024 Fourth Quarter Earnings Release and Conference Call

Preferred Bank Reports Fourth Quarter and Annual Results

Preferred Bank Announces Fire Relief Donations

Financing

Preferred Bank Announces Approval to Continue Share Repurchase Plan

Preferred Bank Announces 2025 First Quarter Earnings Release and Conference Call

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