Professional Holding Corp. To Announce Fourth-Quarter and Annual 2021 Results

Rhea-AI Summary

Professional Holding Corp. (NASDAQ:PFHD) will disclose its fourth quarter and year-end 2021 financial results in a press release and investor presentation on January 27, 2022, after market close. The company operates Professional Bank, established in 2008, which specializes in providing commercial banking services to small and medium-sized businesses across Florida.

The announcement is significant for investors as it will provide insights into the company's financial health amidst ongoing challenges in the banking sector.

Positive

• Professional Bank focuses on small-to-medium-sized businesses, indicating a stable market demand.
• Nine branch locations and two Loan Production Offices expand the company's operational footprint across Florida.

Negative

• Dependence on the South Florida market poses risks due to economic fluctuations.
• Potential impacts from COVID-19 may affect credit quality and loan generation.

CORAL GABLES, FL / ACCESSWIRE / January 14, 2022 / Professional Holding Corp. (NASDAQ:PFHD) announced today that its financial results for the fourth quarter and year-end 2021, are expected to be made public in a press release and investor slide presentation after market close on Thursday, January 27, 2022.

About Professional Bank and Professional Holding Corp.:

Professional Holding Corp. (NASDAQ:PFHD) is the financial holding company for Professional Bank, a Florida state-chartered bank established in 2008 and based in Coral Gables, Florida. Professional Bank focuses on providing creative, relationship-driven commercial banking products and services designed to meet the needs of small-to-medium-size businesses, the owners and operators of these businesses, professionals, and entrepreneurs. Professional Bank currently operates its Florida network through nine branch locations and two Loan Production Offices in the regional areas of Miami, Broward, Palm Beach, Duval (Jacksonville), Hillsborough and Pinellas (Tampa Bay) counties. It also has a Digital Innovation Center located in Cleveland, Ohio and a Loan Production Office in New England. For more information, visit www.myprobank.com. Member FDIC. Equal Housing Lender.

Forward Looking Statements

This communication contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Any statements contained in this presentation that are not statements of historical fact may be deemed to be forward-looking statements, including, without limitation, statements preceded by, followed by or including words such as "anticipate," "intend," "believe," "estimate," "plan," "seek," "project" or "expect," "may," "will," "would," "could" or "should" and similar expressions. Forward-looking statements represent the Company's current expectations, plans or forecasts and involve significant risks and uncertainties. Several important factors could cause actual results to differ materially from those in the forward-looking statements. Those factors include, without limitation, current and future economic and market conditions, including those that could impact credit quality and the ability to generate loans and gather deposits; the duration, extent and impact of the COVID-19 pandemic, including the governments' responses to the pandemic, on our and our customers' operations, personnel, and business activity (including developments and volatility), as well as COVID-19's impact on the credit quality of our loan portfolio and financial markets and general economic conditions; the effects of our lack of a diversified loan portfolio and concentration in the South Florida market; the impact of current and future interest rates and expectations concerning the actual timing and amount of interest rate movements; competition; our ability to execute business plans; geopolitical developments; legislative and regulatory developments; inflation or deflation; market fluctuations; natural disasters (including pandemics such as COVID-19); critical accounting estimates; and other factors described in our Form 10-K for the year ended December 31, 2020, Form 10-Qs for the quarters ended March 31, 2021, June 30, 2021, and September 30, 2021, and other filings with the Securities and Exchange Commission. The Company disclaims any obligation to update any of the forward-looking statements included herein to reflect future events or developments or changes in expectations, except as may be required by law.

Media Contact:
Todd Templin or Hannah Colson
ttemplin@boardroompr.com hcolson@boardroompr.com
954-370-8999

SOURCE: Professional Holding Corp.

View source version on accesswire.com:
https://www.accesswire.com/683611/Professional-Holding-Corp-To-Announce-Fourth-Quarter-and-Annual-2021-Results

FAQ

When will Professional Holding Corp. announce its 2021 financial results?

Professional Holding Corp. will announce its financial results for 2021 on January 27, 2022, after market close.

What is the focus of Professional Bank?

Professional Bank focuses on providing commercial banking products and services primarily for small-to-medium-sized businesses.

How many locations does Professional Bank have?

Professional Bank operates nine branch locations and two Loan Production Offices in Florida.

What are the risks mentioned in the press release regarding Professional Holding Corp.?

The risks include dependence on the South Florida market and potential impacts from COVID-19 on credit quality.

What stock symbol is associated with Professional Holding Corp.?

The stock symbol for Professional Holding Corp. is PFHD.