Market Overview

Preferred Bank: Q2 Earnings Insights

Share:

Shares of Preferred Bank (NASDAQ:PFBC) moved higher by 3.35% in after-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share were down 21.37% over the past year to $1.03, which beat the estimate of $0.83.

Revenue of $42,182,000 higher by 0.81% from the same period last year, which beat the estimate of $41,600,000.

Looking Ahead

Preferred Bank hasn't issued any earnings guidance for the time being.

Revenue guidance hasn't been issued by the company for now.

Price Action

52-week high: $64.50

Company's 52-week low was at $20.04

Price action over last quarter: Up 17.78%

Company Description

Preferred Bank is a commercial bank located in California. Its products and services are divided into Personal Banking, Business Banking, and Commercial Banking which includes Checking accounts, Savings accounts, CDs, Loans and Credit, Electronic banking and Treasury Management. It provides personalized deposit services, real estate finance, commercial loans, and trade finance credit facilities to small and mid-sized businesses and their owners, entrepreneurs, real estate developers and investors, professionals and high net worth individuals. The bank generates a majority of its revenue from Southern and Northern California and Flushing.

 

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Posted-In: Earnings