Preferred Bank (PFBC) Tops Q2 EPS by 8c

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Go back to Preferred Bank (PFBC) Tops Q2 EPS by 8c

Preferred Bank Reports Quarterly Earnings

July 20, 2022 4:05 PM EDT

LOS ANGELES, July 20, 2022 (GLOBE NEWSWIRE) -- Preferred Bank (NASDAQ: PFBC), one of the larger independent California banks, today reported results for the quarter ended June 30, 2022. Preferred Bank (the Bank) reported net income of $28.1 million or $1.87 per diluted share for the second quarter of 2022. This represents an increase of $6.6 million or 30.7% over the same quarter last year and also an increase over the $26.0 million or $1.74 per share posted in the first quarter of 2022. The primary reasons for the increase compared to the prior year was an increase in net interest income of... More