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) reported third-quarter 2026 net income of $32.9 million, down from both the prior quarter and a year earlier. Diluted earnings were $2.73 per share, versus $2.78 last quarter and $2.84 a year earlier. Net interest income fell to $66.7 million, and net interest margin narrowed to 3.49% from 3.73% last quarter.
New nonaccrual loans triggered $2.1 million in interest reversals. Nonaccrual and 90-day-past-due loans still accruing, excluding loans held for sale, rose to $109.4 million from $98.9 million in June. A separate $56.7 million loan is under contract for sale at par, with closing anticipated in late October. Deposits rose $77.7 million sequentially to $6.55 billion. Noninterest income increased to $5.0 million, while noninterest expense fell sequentially to $22.2 million. Some loan resolutions were delayed pending bankruptcy court decisions.
Preferred Bank (PFBC) plans to release its third-quarter 2026 financial results before the market opens on October 23, 2026. The results cover the quarter ended September 30, 2026. Management will host a conference call that day at 2:00 p.m. Eastern (11:00 a.m. Pacific) to discuss financial results, business highlights and outlook. A live webcast and subsequent replay will be available through the bank's Investor Relations website.
Preferred Bank (PFBC)/b) declared a quarterly cash dividend of $0.80 per share, payable on October 19, 2026 to shareholders of record on October 5, 2026.The California‑headquartered commercial bank serves business and consumer clients through its main Los Angeles office, thirteen branches in California, two in New York and one in Sugar Land, Texas.
Preferred Bank (NASDAQ: PFBC) reported second-quarter 2026 net income of $33.5 million, or $2.78 per diluted share, up from $31.1 million in Q1 2026 and $32.8 million a year earlier. Net interest income rose to $70.0 million, helped by $2.9 million of interest recoveries on nonaccrual loans sold or paid off, lifting net interest margin to 3.73% versus 3.57% in the prior quarter.
Return on average assets was 1.75% and return on average equity was 17.05%. Total loans grew 2.0% linked quarter to $6.25 billion and deposits increased 0.8% to $6.47 billion. Nonperforming loans fell by $70.2 million, or 41.5%, quarter over quarter, while the allowance for credit losses remained at 1.22% of total loans. The efficiency ratio improved to 32.3%. Capital ratios included a common equity tier 1 ratio of 11.06% and total capital ratio of 13.74%.
Preferred Bank (NASDAQ: PFBC) plans to release its 2026 second quarter financial results before market open on Wednesday, July 22, 2026. On the same day, management will host a 2:00 p.m. Eastern conference call and simultaneous webcast to review results, business highlights and outlook.
Preferred Bank (NASDAQ: PFBC) announced its Board has declared a quarterly cash dividend of $0.80 per share.
The dividend is payable on July 21, 2026 to shareholders of record as of July 7, 2026, offering ongoing income to investors.
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).