Welcome to our dedicated page for Preferred Bk Los Angeles Ca news (Ticker: PFBC), a resource for investors and traders seeking the latest updates and insights on Preferred Bk Los Angeles Ca stock.
Preferred Bank reports news as an independent commercial bank serving commercial and consumer customers through deposit products, real estate finance, commercial loans and trade finance. The California-chartered bank operates from its Los Angeles main office with branch banking offices in California, New York and Texas, and a loan production office in Sunnyvale, California.
Recurring updates for PFBC include quarterly earnings, net interest income and margin trends, loan and deposit balances, provision and credit-quality developments, capital ratios, cash dividends and third-party credit ratings. Company announcements also address classified or nonaccrual loan relationships, OREO activity and the performance drivers of its commercial banking portfolio.
Preferred Bank (NASDAQ: PFBC) announced a settlement agreement on a previously charged-off commercial and industrial loan. The Bank expects to receive $5.7 million over an eleven-month period. The charge-off was recorded in Q2 2024. Preferred Bank operates branches across California, New York and Texas.
Preferred Bank (NASDAQ: PFBC) reported Q1 2026 net income of $31.1 million or $2.53 per diluted share. Return on average assets was 1.67% and return on average equity 16.00%. Total loans rose to $6.12 billion and deposits to $6.42 billion.
Net interest margin contracted to 3.57% largely from interest reversals tied to one large relationship placed on nonaccrual. Nonperforming assets increased materially to $172.1 million with subsequent sales of CRE loans totaling $48.5 million on April 1, 2026. The bank repurchased 402,299 shares for $35.8 million.
Preferred Bank (NASDAQ: PFBC) said KBRA affirmed its long-term deposit and senior unsecured ratings at A-, subordinated debt at BBB+, and short-term ratings at K2 with a Stable outlook as of April 17, 2026.
KBRA cited the bank’s consistently strong profitability, including a 2025 ROA of 1.84%, a high-yielding loan portfolio, and a lean, branch-light cost structure as rating supports.
Preferred Bank (NASDAQ: PFBC) will release financial results for the quarter ended March 31, 2026 before market open on Wednesday, April 22, 2026. Management will host a live conference call and webcast the same day at 2:00 p.m. Eastern / 11:00 a.m. Pacific.
Executives scheduled to speak include Chairman and CEO Li Yu, President Wellington Chen, CFO Edward J. Czajka, Chief Risk Officer Nick Pi and Deputy COO Johnny Hsu. A replay will be available on the company website and by telephone through May 6, 2026 (passcode 8528963).
Preferred Bank (NASDAQ: PFBC) declared a quarterly cash dividend of $0.80 per share, payable April 21, 2026, to shareholders of record on April 7, 2026. The board approved the distribution to shareholders as a regular quarterly payout.
Preferred Bank (NASDAQ: PFBC) updated investors that a large borrower relationship has been reclassified to nonaccrual, covering $2.0 million of C&I loans and $115,604,510 of real estate loans.
The bank reports appraised collateral value of $219,300,000 (aggregate LTV 52.7%), has ordered a new appraisal, and expects no significant impact to 2026 earnings based on collateral valuations.
Preferred Bank (NASDAQ: PFBC) reported fourth-quarter 2025 net income of $34.8M or $2.79 per diluted share and full-year net income of $133.6M or $10.41 per diluted share. Return on average assets was 1.82% and return on average equity was 17.59%. Net interest margin contracted to 3.74% as market rates declined; net interest income before provision was $70.0M for the quarter. Total loans and deposits rose year-over-year to $6.05B and $6.35B, respectively. Provision for credit losses was $4.3M and allowance coverage was 1.30% of loans. The quarter included a $3.6M gain on sale of OREO and an efficiency ratio of 31.2%. A conference call and webcast were scheduled for January 22, 2026 at 2:00 p.m. ET.
Preferred Bank (NASDAQ: PFBC) will release fourth quarter and full-year 2025 financial results for the period ended December 31, 2025 before market open on Thursday, January 22, 2026. Management will host a conference call and simultaneous webcast on the same day at 2:00 p.m. Eastern / 11:00 a.m. Pacific to discuss results, business highlights and outlook.
Executives participating include Chairman and CEO Li Yu, President and COO Wellington Chen, CFO Edward J. Czajka, Chief Risk Officer Nick Pi, and Deputy COO Johnny Hsu. The live webcast and a replay will be available in the Investor Relations section of the company website through February 5, 2026, and telephone access is provided with domestic and international dial‑in numbers and a passcode for replay.
Preferred Bank (NASDAQ: PFBC) said its Board increased the annual cash dividend to $3.20 per share from $3.00, a 6.7% raise. The dividend is payable on January 20, 2026 to shareholders of record on January 6, 2026. This change updates the prior annual payout and sets the next payment timetable for PFBC shareholders.
Preferred Bank (NASDAQ: PFBC) reported record third-quarter 2025 results with net income of $35.9M and diluted EPS of $2.84. Return on average assets was 1.93% and return on average equity was 18.64%. Total loans rose $132.4M (2.3%) and total deposits rose $151.3M (2.5%) sequentially. Net interest income was $71.3M and net interest margin expanded to 3.92% from 3.85% last quarter but remained below last year’s 4.10%.
Noninterest income was $3.7M and noninterest expense was $21.5M, producing an efficiency ratio of 28.7%. Nonperforming loans fell to $17.6M after a foreclosure with the related OREO subsequently sold, and allowance coverage was 1.27% of loans. Tangible capital ratio was 10.38%.