Financial Services -
Banks - Regional - NASDAQ - US
$ 88.75
1.11 %
$ 1.19 B
Market Cap
8.88
P/E
1. INTRINSIC VALUE
Balance Sheet
Preferred Bank
| Current Assets | 1.91 B |
| Cash & Short-Term Investments | 911 M |
| Receivables | 36.3 M |
| Other Current Assets | 964 M |
| Non-Current Assets | 5.71 B |
| Long-Term Investments | 80.6 M |
| PP&E | 31.7 M |
| Other Non-Current Assets | 5.59 B |
| Current Liabilities | 5.65 B |
| Accounts Payable | 16.1 M |
| Short-Term Debt | 0 |
| Other Current Liabilities | 5.64 B |
| Non-Current Liabilities | 328 M |
| Long-Term Debt | 168 M |
| Other Non-Current Liabilities | 160 M |
EFFICIENCY
Earnings Waterfall
Preferred Bank
| Revenue | 276 M |
| Cost Of Revenue | -206 M |
| Gross Profit | 482 M |
| Operating Expenses | 65 M |
| Operating Income | 211 M |
| Other Expenses | 60.6 M |
| Net Income | 150 M |
RATIOS
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
Preferred Bank
| Net Income | 150 M |
| Depreciation & Amortization | 1.72 M |
| Capital Expenditures | -2.42 M |
| Stock-Based Compensation | 5.81 M |
| Change in Working Capital | -1.04 M |
| Others | 21 M |
| Free Cash Flow | 173 M |
Wall Street Analysts Price Targets
Preferred Bank
Wall Street analysts predict an average 1-year price target for PFBC of $98 , with forecasts ranging from
a
low of
$94 to a high of $105 .
PFBC Lowest Price Target
Wall Street Target
94 USD
5.92%
PFBC Average Price Target
Wall Street Target
98 USD
10.42%
PFBC Highest Price Target
Wall Street Target
105 USD
18.31%
4. DIVIDEND
ANALYSIS
0.87%
DIVIDEND YIELD
0.75 USD
DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership
Preferred Bank
Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
0 USD 0
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
| Date | Value | Insider | Amount | Avg Price |
|---|
7. News
Preferred Bank: Limited Impact From LA Wildfires Expected
Preferred Bank is a U.S. regional bank specialized in mortgage lending. Q4 2024 results were negatively impacted by a one-off rental expense. The outlook for Q1 2025 shows that quarterly EPS should recover half of the rental-expense-induced decline, even as costs remain elevated.
seekingalpha.com
- 3 weeks ago
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.
globenewswire.com
- 1 month ago
Preferred Bank (PFBC) Q4 2024 Earnings Call Transcript
Preferred Bank (NASDAQ:PFBC ) Q4 2024 Earnings Conference Call January 28, 2025 2:00 PM ET Company Participants Jeff Haas - Financial Profiles Li Yu - Chairman and CEO Edward Czajka - CFO Wellington Chen - President and COO Nick Pi - CCO Johnny Hsu - Deputy Chief Operating Officer Conference Call Participants Andrew Terrell - Stephens Matthew Clark - Piper Sandler Gary Tenner - D.A. Davidson Tim Coffey - Janney David Feaster - Raymond James Operator Good day, and welcome to the Preferred Bank Fourth Quarter 2024 Earnings Call.
seekingalpha.com
- 1 month ago
Preferred Bank (PFBC) Reports Q4 Earnings: What Key Metrics Have to Say
Although the revenue and EPS for Preferred Bank (PFBC) give a sense of how its business performed in the quarter ended December 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
zacks.com
- 1 month ago
Preferred Bank (PFBC) Misses Q4 Earnings Estimates
Preferred Bank (PFBC) came out with quarterly earnings of $2.25 per share, missing the Zacks Consensus Estimate of $2.42 per share. This compares to earnings of $2.60 per share a year ago.
zacks.com
- 1 month ago
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 calculation error goes back to the adoption of ASC 842 in 2019 and the $8.1 million item represents the cumulative erroneous calculation through the years from 2019 to present.
globenewswire.com
- 1 month ago
Ahead of Preferred Bank (PFBC) Q4 Earnings: Get Ready With Wall Street Estimates for Key Metrics
Beyond analysts' top -and-bottom-line estimates for Preferred Bank (PFBC), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended December 2024.
zacks.com
- 1 month ago
Analysts Estimate Preferred Bank (PFBC) to Report a Decline in Earnings: What to Look Out for
Preferred Bank (PFBC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
zacks.com
- 1 month ago
Down -11.86% in 4 Weeks, Here's Why You Should You Buy the Dip in Preferred Bank (PFBC)
Preferred Bank (PFBC) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.
zacks.com
- 1 month ago
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.
globenewswire.com
- 1 month ago
Focus on 3 Stocks That Announced Dividend Hikes Amid Market Volatility
OZK, PFBC and MOS recently announced dividend hikes.
zacks.com
- 1 month ago
Preferred Bank Rewards Shareholders With 7.1% Dividend Increase
PFBC increases its quarterly dividend to 75 cents per share. Given its capital strength, the capital distribution move looks sustainable.
zacks.com
- 2 months ago
8. Profile
Summary
Preferred Bank PFBC
COUNTRY
US
INDUSTRY
Banks - Regional
MARKET CAP
$ 1.19 B
Dividend Yield
0.87%
Description
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, term loans for capital expenditures, and commercial and stand-by letters of credit; 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, acceptances/trust receipt financing products, export financing, documentary collections, and bills purchase programs. 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, 2021, it had eleven full-service branch offices in Alhambra, Century City, City of Industry, Torrance, Arcadia, Irvine, Diamond Bar, Pico Rivera, Tarzana, and San Francisco; and one branch in Flushing, New York. The company was incorporated in 1991 and is headquartered in Los Angeles, California.
Contact
601 South Figueroa Street, Los Angeles, CA, 90017
https://www.preferredbank.com
IPO
Date
Aug. 19, 1999
Employees
300
Officers
Ms. Stella Chen
Senior Vice President
Mr. Wellington Chen
President & Chief Operating Officer
Mr. Nick Pi
Executive Vice President & Chief Credit Officer
Ms. Sandy Ho
Executive Vice President & Regional Manager
Mr. Robert J. Kosof
Executive Vice President of Commercial Lending
Erika Chi
Executive Vice President
Mr. Ted Hsu
Executive Vice President
Mr. Johnny Hsu
Executive Vice President & Deputy Chief Operating Officer
Mr. Edward J. Czajka
Executive Vice President & Chief Financial Officer
Mr. Li Yu
Chairman, Chief Executive Officer & Corporate Secretary