Professional Holding Corp. To Announce Third-Quarter Earnings
Professional Holding Corp. (NASDAQ:PFHD) plans to release its financial results for Q3 2020 on October 29, 2020. The announcement will include a press release and an investor slide presentation. This forward-looking statement highlights potential risks and uncertainties, including economic conditions, the impact of the COVID-19 pandemic, and the integration of Marquis Bancorp. The company operates Professional Bank in South Florida, focusing on relationship-driven commercial banking services for small to medium businesses.
- No significant positive aspects reported.
- Risks associated with the COVID-19 pandemic impacting operations and credit quality.
- Concentration of loan portfolio in South Florida increases vulnerability.
- Uncertainties related to the integration of Marquis Bancorp could affect performance.
CORAL GABLES, FL / ACCESSWIRE / October 9, 2020 / Professional Holding Corp. (NASDAQ:PFHD) announced today that it plans to make its financial results for the quarter that ended September 30, 2020 public in a press release and investor slide presentation on Thursday, October 29, 2020.
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); potential business uncertainties related to the integration of Marquis Bancorp (MBI), including into our operations critical accounting estimates; and other factors described in our Form 10-K for the year ended December 31, 2019, Form 10-Q for the fiscal quarter ended March 31, 2020, Form 10-Q for the fiscal quarter ended June 30, 2020 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.
About Professional Holding Corp. and Professional Bank:
Professional Holding Corp. (NASDAQ:PFHD), is the financial holding company for Professional Bank, a Florida state-chartered bank established in 2008. Professional Bank focuses on providing creative, relationship-driven commercial banking products and services designed to meet the needs of small to medium-sized businesses, the owners and operators of these businesses, other professional entrepreneurs and high net worth individuals. Professional Bank currently operates through a network of nine locations in the regional areas of Miami, Broward, and Palm Beach counties. It also has a Digital Innovation Center located in Cleveland, Ohio. For more information, visit www.myprobank.com. Member FDIC. Equal Housing Lender.
Media contacts:
Todd Templin or Eric Kalis
BoardroomPR
ttemplin@boardroompr.com
ekalis@boardroompr.com
954-290-0810
SOURCE: Professional Holding Corp.
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