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Preferred Bk Los Angeles Ca - PFBC STOCK NEWS

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About Preferred Bank

Preferred Bank (PFBC) is an established independent commercial bank headquartered in Los Angeles, California, well known for its proficiency in commercial banking, loan portfolio management, and asset quality. As an FDIC insured institution chartered by the State of California, the bank has built a robust reputation based on financial stability, regulatory compliance, and deep community ties, particularly within the Chinese-American market. Its strategic operations emphasize a blend of traditional banking and modern financial solutions, ensuring that tailored deposit and loan services meet the evolving needs of both commercial and consumer clients.

Core Business and Service Offerings

The bank provides an integrated suite of financial services including customized deposit solutions, comprehensive cash management, real estate finance, and specialized commercial loan products. Moreover, its trade finance solutions are integral in supporting small to mid-sized businesses, entrepreneurs, real estate developers, and high-net-worth individuals. This diverse product portfolio helps Preferred Bank effectively manage client needs and balances growth with meticulous risk management.

Market Position in a Competitive Landscape

Originally founded as a bank serving the Chinese-American community, Preferred Bank has successfully diversified its customer base to include a mainstream market that appreciates personalized banking services. The institution leverages local market insights, a strategic branch network located in key Californian hubs such as Century City, Torrance, and San Francisco, and a long-standing commitment to customer service to maintain a strong competitive edge. Its careful balance of asset quality and risk management has made it a trusted name among investors and financial analysts alike.

Operational Excellence and Risk Management

Preferred Bank is committed to upholding stringent risk management practices through detailed credit evaluations, adequate loan loss reserves, and ongoing monitoring of non-performing and criticized loans. This approach enables the bank to navigate economic fluctuations and regulatory shifts while preserving financial stability. Built on a foundation of deep industry expertise, the bank’s operational framework prioritizes both growth and the safeguarding of assets, which is crucial for maintaining investor and customer trust.

Customized Financial Solutions

The bank’s localized branch system and personalized service model allow it to tailor financial solutions to meet the unique requirements of a wide range of clients. Whether addressing the complexities of commercial finance or the specialized needs of consumer banking, Preferred Bank’s approach is underpinned by its commitment to operational diligence, detailed market analysis, and a drive to continuously refine its product offerings.

Commitment to Expertise, Experience, and Trustworthiness

With a seasoned management team steering its strategic vision, Preferred Bank demonstrates a deep understanding of market dynamics and financial risk. Every facet of its operations, from customer relationship management to asset risk protocols, is built on a foundation of expert knowledge and stringent standards. This commitment is reflected in its consistent operational performance and its reputation as a reliable financial institution in the Californian market.

Investor Insights

The bank’s comprehensive range of services, robust risk management practices, and commitment to client-specific solutions make it a key player in the regional banking sector. Financial analysts appreciate Preferred Bank for its clear operational strategy, detailed customer service approach, and adherence to high regulatory standards in a competitive industry, making it a valuable subject of research and analysis.

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Preferred Bank (NASDAQ: PFBC) increases quarterly cash dividend by 27.3% to $0.70 per share from $0.55 per share. The dividend is payable on January 22, 2024, to holders of record on January 8, 2024. Chairman and CEO Li Yu attributes the increase to the strong performance and earnings growth of the Bank throughout 2023.
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Preferred Bank reports Q3 2023 results with net income of $38.2 million, representing an increase of 8.5% compared to the same quarter last year.
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Preferred Bank plans to release its financial results for Q3 2023 on October 17, 2023. A conference call will be held on October 18, 2023 to discuss the results.
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Preferred Bank declares quarterly cash dividend of $0.55 per share
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Preferred Bank reports net income of $37.9 million for Q2 2023, representing a 35.2% increase over the same quarter last year. Deposit growth of $181 million and loan growth of $61 million. Return on average assets was 2.32% and return on beginning equity was 23.18%. Efficiency ratio was 27.3%. Total assets were $6.67 billion, an increase of $243 million from the previous quarter.
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Preferred Bank (NASDAQ: PFBC) plans to release its financial results for the second quarter ended June 30, 2023 on July 19, 2023. A conference call will be held on July 20, 2023, where management will discuss the financial results, business highlights, and outlook. Interested participants and investors can access the call through dial-in or a live webcast on the company's website. A replay of the call will also be available.
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Preferred Bank declares quarterly cash dividend of $0.55 per share.
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Preferred Bank (NASDAQ: PFBC) reported a net income of $38.1 million or $2.61 per diluted share for Q1 2023, a 46.3% increase from the prior year, but down $1.5 million from Q4 2022. The increase was driven by a $23.7 million rise in net interest income, reflecting a 47.3% year-over-year growth. However, a $4.2 million loss on the sale of a corporate note influenced the quarterly decrease. Total deposits declined by $149 million since year-end 2022, highlighting challenges post-Silicon Valley Bank and Signature Bank failures. The Bank maintained a robust liquidity position with $886 million in cash, representing 16.4% of total deposits. The efficiency ratio stood at 26.1%.

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Preferred Bank (NASDAQ: PFBC), a significant independent commercial bank in California, will release its financial results for Q1 2023 on April 18, 2023, post-market close. On April 19, 2023, the bank's management will host a conference call at 2:00 p.m. Eastern Time to discuss the financial results, business highlights, and future outlook. Participants can join by dialing 844-826-3037 (domestic) or 412-317-5182 (international) or through a live webcast on the bank’s website. The call will also be available for replay until April 26, 2023. Preferred Bank operates multiple branches in California and offers a wide range of financial services aimed at small and mid-sized businesses and high-net-worth individuals.

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FAQ

What is the current stock price of Preferred Bk Los Angeles Ca (PFBC)?

The current stock price of Preferred Bk Los Angeles Ca (PFBC) is $76.01 as of April 4, 2025.

What is the market cap of Preferred Bk Los Angeles Ca (PFBC)?

The market cap of Preferred Bk Los Angeles Ca (PFBC) is approximately 982.8M.

What services does Preferred Bank offer?

Preferred Bank provides a broad range of financial services including tailored deposit solutions, real estate and commercial lending, trade finance, and comprehensive cash management for both consumer and business clients.

Where is Preferred Bank headquartered and where does it operate?

The bank is headquartered in Los Angeles, California and operates multiple full-service branch offices across key Californian cities, ensuring local expertise and community-focused services.

Is Preferred Bank FDIC insured?

Yes, Preferred Bank is FDIC insured to the maximum extent permitted by law, ensuring the safety and security of its depositors’ funds.

Who are the primary customers of Preferred Bank?

The bank serves a diverse clientele including small and mid-sized businesses, entrepreneurs, real estate developers, professionals, and high-net-worth individuals, while retaining deep ties with its original Chinese-American community.

How does Preferred Bank manage risk in its operations?

Risk management is central to Preferred Bank’s operations; it employs rigorous credit evaluations, maintains robust loan loss reserves, and continuously monitors asset quality to effectively manage non-performing and criticized loans.

What sets Preferred Bank apart in the competitive California market?

Its unique blend of traditional community-focused banking with diversified and modern financial services, combined with strong risk management practices and a comprehensive branch network, distinguishes Preferred Bank in a competitive market.

How does Preferred Bank support its commercial clients?

The bank supports commercial clients with specialized services including commercial loans, real estate finance, integrated cash management solutions, and trade finance services tailored to the operational needs of businesses.

What role does the management team play at Preferred Bank?

A seasoned management team drives the bank's strategic vision and operational excellence, leveraging deep market knowledge to ensure asset quality and foster strong client relationships.
Preferred Bk Los Angeles Ca

Nasdaq:PFBC

PFBC Rankings

PFBC Stock Data

982.79M
12.27M
0.96%
91.19%
7.1%
Banks - Regional
Financial Services
Link
United States
Los Angeles