Preferred Bank (USD) Preferred Bank provides various commercial banking products and services to small and mid-sized businesses and their owners, entrepreneurs, real estate developers and investors, professionals, and high net worth individuals in the United States. The company accepts checking, savings, and money market deposit accounts; fixed-rate and fixed maturity retail, and non-retail certificates of deposit; and individual retirement accounts. It also provides real estate mortgage loans that are secured by retail, industrial, office, special purpose, and residential single and multi-family properties; real estate construction loans; and commercial loans comprising lines of credit for working capital, term loans for capital expenditures, and commercial and stand-by letters of credit; and SBA loans. In addition, the company offers trade finance services, including commercial and export letters of credit, import lines of credit, documentary collections, international wire transfers, acceptances/trust receipt financing products, export financing, documentary collections, and bills purchase programs. Further, it provides various high-wealth banking services to wealthy individuals residing in the Pacific Rim area; and remote deposit capture, and online and mobile banking services. Additionally, the company offers various banking services to physicians, accountants, attorneys, business managers, and other professionals; and safe deposit boxes, account reconciliation, courier service, and cash management services to the manufacturing, service, and distribution companies. As of December 31, 2021, it had eleven full-service branch offices in Alhambra, Century City, City of Industry, Torrance, Arcadia, Irvine, Diamond Bar, Pico Rivera, Tarzana, and San Francisco; and one branch in Flushing, New York. The company was incorporated in 1991 and is headquartered in Los Angeles, California.

Preferred Bank (USD) Active

601 South Figueroa Street, Los Angeles, CA, US, 90017

Stock Price USD

Price Change

Last Dividend USD

B+

Latest Rating

PFBC's stock peer is HFWA (Heritage Financial Corporation)

PFBC's stock peer is LKFN (Lakeland Financial Corporation)

PFBC's stock peer is PGC (Peapack-Gladstone Financial Corporation)

PFBC's stock peer is PPBI (Pacific Premier Bancorp, Inc.)

PFBC's stock peer is QCRH (QCR Holdings, Inc.)

Financial Services Banks - Regional

Preferred Bank provides various commercial banking products and services to small and mid-sized businesses and their owners, entrepreneurs, real estate developers and investors, professionals, and high net worth individuals in the United States. The company accepts checking, savings, and money market deposit accounts; fixed-rate and fixed maturity retail, and non-retail certificates of deposit; and individual retirement accounts. It also provides real estate mortgage loans that are secured by retail, industrial, office, special purpose, and residential single and multi-family properties; real estate construction loans; and commercial loans comprising lines of credit for working capital, term loans for capital expenditures, and commercial and stand-by letters of credit; and SBA loans. In addition, the company offers trade finance services, including commercial and export letters of credit, import lines of credit, documentary collections, international wire transfers, acceptances/trust receipt financing products, export financing, documentary collections, and bills purchase programs. Further, it provides various high-wealth banking services to wealthy individuals residing in the Pacific Rim area; and remote deposit capture, and online and mobile banking services. Additionally, the company offers various banking services to physicians, accountants, attorneys, business managers, and other professionals; and safe deposit boxes, account reconciliation, courier service, and cash management services to the manufacturing, service, and distribution companies. As of December 31, 2021, it had eleven full-service branch offices in Alhambra, Century City, City of Industry, Torrance, Arcadia, Irvine, Diamond Bar, Pico Rivera, Tarzana, and San Francisco; and one branch in Flushing, New York. The company was incorporated in 1991 and is headquartered in Los Angeles, California.

80%

Dcf Rating

80%

Return On Equity

80%

Return On Assets

40%

Debt To Equity

60%

Price To Earnings

40%

Price To Book

Income Statement

Dividend Stats Yield is calculated via trailing-12-month period

Ex-Dividend	Payment Date	Dividend	Yield	Dividend Frequency
2025-04-07	2025-04-21	0.75	3.85 %	Quarterly
2025-01-09	2025-01-23	0.75	3.50 %	Quarterly
2024-10-07	2024-10-21	0.70	3.51 %	Quarterly
2024-07-05	2024-07-19	0.70	3.63 %	Quarterly
2024-04-05	2024-04-19	0.70	3.36 %	Quarterly
2024-01-08	2024-01-22	0.70	3.29 %	Quarterly
2023-10-06	2023-10-20	0.55	3.50 %	Quarterly
2023-07-07	2023-07-21	0.55	3.77 %	Quarterly
2023-04-07	2023-04-21	0.55	3.75 %	Quarterly
2023-01-06	2023-01-20	0.55	2.58 %	Quarterly
2022-10-07	2022-10-21	0.43	2.56 %	Quarterly
2022-07-07	2022-07-21	0.43	2.41 %	Quarterly
2022-04-07	2022-04-21	0.43	2.28 %	Quarterly
2022-01-07	2022-01-21	0.43	2.01 %	Quarterly
2021-10-07	2021-10-21	0.38	2.10 %	Quarterly
2021-07-07	2021-07-21	0.38	2.23 %	Quarterly
2021-04-07	2021-04-21	0.38	1.96 %	Quarterly
2021-01-07	2021-01-21	0.30	2.30 %	Quarterly
2020-10-07	2020-10-21	0.30	3.58 %	Quarterly
2020-07-07	2020-07-21	0.30	2.97 %	Quarterly
2020-04-07	2020-04-21	0.30	3.72 %	Quarterly
2020-01-07	2020-01-21	0.30	2.02 %	Quarterly
2019-10-07	2019-10-21	0.30	2.27 %	Quarterly
2019-07-08	2019-07-22	0.30	2.40 %	Quarterly
2019-04-08	2019-04-22	0.30	2.33 %	Quarterly
2019-01-08	2019-01-22	0.30	2.27 %	Quarterly
2018-10-05	2018-10-19	0.25	1.57 %	Quarterly
2018-07-06	2018-07-20	0.25	1.30 %	Quarterly
2018-04-09	2018-04-23	0.22	1.33 %	Quarterly
2018-01-08	2018-01-22	0.22	1.33 %	Quarterly
2017-10-06	2017-10-20	0.20	1.29 %	Quarterly
2017-07-07	2017-07-21	0.20	1.31 %	Quarterly
2017-04-07	2017-04-21	0.18	1.30 %	Quarterly
2017-01-06	2017-01-20	0.18	1.22 %	Quarterly
2016-10-07	2016-10-21	0.15	1.69 %	Quarterly
2016-07-07	2016-07-21	0.15	1.91 %	Quarterly
2016-04-07	2016-04-21	0.15	1.86 %	Quarterly
2016-01-07	2016-01-21	0.15	1.56 %	Quarterly
2015-10-06	2015-10-20	0.12	1.48 %	Quarterly
2015-07-07	2015-07-21	0.12	1.14 %	Quarterly
2015-04-07	2015-04-21	0.12	0.77 %	Quarterly
2015-01-06	2015-01-20	0.10	0.37 %	Quarterly
2014-10-06	2014-10-20	0.10	0.42 %	Quarterly
2009-02-12	2009-02-26	0.08	5.86 %	Quarterly
2008-11-11	2008-11-25	0.10	6.77 %	Quarterly
2008-08-05	2008-08-19	0.10	7.20 %	Quarterly
2008-05-06	2008-05-20	0.10	5.36 %	Quarterly
2008-02-05	2008-02-19	0.17	3.04 %	Quarterly
2007-11-06	2007-11-20	0.17	2.30 %	Quarterly
2007-08-07	2007-08-21	0.17	1.55 %	Quarterly
2007-05-08	2007-05-22	0.17	1.47 %	Quarterly
2007-02-21	2007-03-07	0.17	1.21 %	Quarterly
2006-11-07	2006-11-21	0.20	1.40 %	Quarterly
2006-08-07	2006-08-21	0.20	1.34 %	Quarterly
2006-05-08	2006-05-22	0.20	1.45 %	Quarterly
2006-02-10	2006-02-24	0.20	1.44 %	Quarterly
2005-11-02	2005-11-16	0.17	1.14 %	Quarterly
2005-08-01	2005-08-15	0.17	0.76 %	Quarterly
2005-04-26	2005-05-10	0.15	0.79 %	Quarterly
		0.15	0.68 %	Quarterly
2004-04-30	2004-05-01	0.60	2.73 %	Annual
		0.24	1.41 %	Annual
		0.38	2.67 %	Annual
		0.38	2.67 %	Annual

Recent News

Preferred Bank Announces New Chief Risk Officer

LOS ANGELES, May 09, 2025 (GLOBE NEWSWIRE) -- Preferred Bank (NASDAQ: PFBC), one of the largest independent commercial banks in California, today reported that the Board of Directors has named Nick Pi to the position of Executive Vice President and Chief Risk Officer. Mr. Pi has served as the Bank's Chief Credit Officer since 2015 and will continue to oversee the credit function. Mr. Pi will now also oversee the BSA and Compliance Departments as well.

2025-05-09 16:31:00

Preferred Bank Reports First Quarter Results

LOS ANGELES, April 25, 2025 (GLOBE NEWSWIRE) -- Preferred Bank (NASDAQ: PFBC), one of the larger independent California banks, today reported results for the quarter ended March 31, 2025. Preferred Bank (“the Bank”) reported net income of $30.0 million or $2.23 per diluted share for the first quarter of 2025. This represents a small decrease in net income of $197,000 from the prior quarter and a decrease of $3.4 million from the same quarter last year. The decrease compared to both periods was mainly due to a decrease in net interest income. In the first quarter of 2025, the incremental impact to interest income from loans placed on nonaccrual status was approximately $2.8 million. In addition, a property securing one of our loans was damaged in the Palisades fire in January and as a result, the Bank has reversed out the $208,000 interest receivable on this loan although we expect to recoup this amount after the property is sold. In addition to a lowering of overall interest rates, these were the main factors in the decrease in net interest income.

2025-04-25 08:30:00

Preferred Bank Announces 2025 First Quarter Earnings Release and Conference Call

LOS ANGELES, April 14, 2025 (GLOBE NEWSWIRE) -- Preferred Bank (NASDAQ: PFBC), one of the larger independent commercial banks in California, today announced plans to release its financial results for the fourth quarter ended March 31, 2025 before the open of market on Friday, April 25, 2025. That same day, management will host a conference call at 2:00 p.m. Eastern (11:00 a.m. Pacific). The call will be simultaneously broadcast over the Internet.

2025-04-14 18:32:00

Preferred Bank Announces Dividend Increase

LOS ANGELES, March 19, 2025 (GLOBE NEWSWIRE) -- Preferred Bank (NASDAQ: PFBC), one of the largest independent commercial banks in California, today reported that the Board of Directors has declared a quarterly cash dividend to $0.75 per share, payable on April 21, 2025 to holders of record on April 7, 2025.

2025-03-19 16:15:00

Preferred Bank Announces Approval to Continue Share Repurchase Plan

LOS ANGELES, March 18, 2025 (GLOBE NEWSWIRE) -- Preferred Bank (NASDAQ: PFBC), (“the Bank”), an independent commercial bank, today announced that the Bank has received regulatory approval to continue its shareholder-approved $150 million stock Repurchase Plan, (“the Plan”). Thus far in the Plan, the Bank has repurchased $84.3 million of its common stock during 2023 and 2024, however regulatory approval expired in January of 2025. As a state, non-member Bank that issues its common stock at the bank level (no holding company), Preferred Bank is required to seek regulatory approval to engage in transactions that either increase or decrease capital. The shareholder and regulatory approvals to repurchase the remaining $65.7 million of common stock will expire in May of 2025.

2025-03-18 08:30:00

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