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Preferred Bank (Los Angeles, CA) - PFBC STOCK NEWS

Welcome to our dedicated news page for Preferred Bank (Los Angeles, CA) (Ticker: PFBC), a resource for investors and traders seeking the latest updates and insights on Preferred Bank (Los Angeles, CA).

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Preferred Bank (Los Angeles, CA)'s stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Preferred Bank (Los Angeles, CA)'s position in the market.

News
Preferred Bank Reports Quarterly Results
Rhea-AI Summary
Preferred Bank (PFBC) reported a net income of $33.5 million or $2.44 per diluted share for the first quarter of 2024, showing a decrease in net income by 6.6% from the prior quarter. Despite this decline, the bank delivered strong profitability metrics and long-term shareholder returns. Total deposits increased by $92 million, total loans increased by $52 million, and the net interest margin was 4.19%. The Bank also repurchased shares and opened a new branch in Orange County, California.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.81%
Tags
none
-
News
Preferred Bank Announces 2024 First Quarter Earnings Release and Conference Call
Rhea-AI Summary
Preferred Bank (PFBC) to Release First Quarter 2024 Financial Results on April 23, 2024
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.33%
Tags
earnings
-
News
CORRECTION – Preferred Bank Announces Quarterly Cash Dividend
Rhea-AI Summary
Preferred Bank (PFBC) declares a quarterly cash dividend of $0.70 per share, payable on April 19, 2024, to holders of record on April 5, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.46%
Tags
dividends
News
Preferred Bank Announces Quarterly Cash Dividend
Rhea-AI Summary
Preferred Bank (PFBC) declares a quarterly cash dividend of $0.70 per share, reinforcing its commitment to shareholders. The dividend is payable on April 5, 2024, to holders of record on April 19, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.46%
Tags
dividends
-
News
Preferred Bank Reports Quarterly and Annual Results
Rhea-AI Summary
Preferred Bank (PFBC) reported net income of $35.8 million or $2.60 per diluted share for Q4 2023, a decrease of 9.4% from the same quarter last year. The bank also announced record earnings of $150.04 million for the full year 2023. Despite a decrease in net interest income, the bank's efficiency ratio was strong at 25.0% for the quarter, and total loans increased by $145 million. However, non-performing loans increased from $19.4 million to $28.7 million in Q4 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.79%
Tags
none
-
News
Preferred Bank Announces Continuation of Share Repurchase Plan
Rhea-AI Summary
Preferred Bank (PFBC) announces approval of $50 million stock repurchase plan, following previous approval of up to $150 million. The shares will be bought in the open market, with the first $50 million repurchases completed at an average price of $58.59.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.36%
Tags
buyback
News
Preferred Bank Announces 2023 Fourth Quarter Earnings Release and Conference Call
Rhea-AI Summary
Preferred Bank (PFBC) plans to release its financial results for Q4 2023 on January 24, 2024, followed by a conference call on January 25, 2024. The call will feature discussions on financial results, business highlights, and outlook by Chairman and CEO Li Yu, President and COO Wellington Chen, CFO Edward J. Czajka, CCO Nick Pi, and Deputy COO Johnny Hsu.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.67%
Tags
earnings
-
News
Preferred Bank Announces Increased Cash Dividend
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.14%
Tags
dividends
-
News
Preferred Bank Reports Quarterly Earnings
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.45%
Tags
earnings
News
Preferred Bank Announces 2023 Third Quarter Earnings Release and Conference Call
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.89%
Tags
earnings
Stock PFBC logo
Preferred Bank (Los Angeles, CA)

Nasdaq:PFBC

PFBC Rankings

#2380 Ranked by Market Cap
#3433 Ranked by Stock Gains
#944 Ranked by Dividends

PFBC Stock Data

1.01B
12.58M
8%
79.82%
7.46%
Commercial Banking
Finance and Insurance
Link
US
Los Angeles

About PFBC

preferred bank is one of the larger independent commercial banks in california with a niche in the chinese-american market. the bank is chartered by the state of california, and its deposits are insured by the federal deposit insurance corporation, or fdic, to the maximum extent permitted by law. we conduct our banking business from our main office in los angeles, california, and through ten full-service branch banking offices in alhambra, century city, city of industry, torrance, arcadia, irvine, diamond bar, anaheim, pico rivera and san francisco, california. we offer a broad range of deposit and loan products and services to both commercial and consumer customers. these consist of customized deposit services and an integrated cash management program as well as real estate finance, commercial loans and trade finance to small and mid-sized businesses, entrepreneurs, real estate developers, professionals and high net worth individuals. although originally founded as a chinese-american