Preferred Bank (PFBC) Tops Q2 EPS by 14c

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Go back to Preferred Bank (PFBC) Tops Q2 EPS by 14c

Preferred Bank Reports Quarterly Earnings

July 19, 2023 4:01 PM EDT

LOS ANGELES, July 19, 2023 (GLOBE NEWSWIRE) -- Preferred Bank (NASDAQ: PFBC), one of the larger independent California banks, today reported results for the quarter ended June 30, 2023. Preferred Bank (the Bank) reported net income of $37.9 million or $2.61 per diluted share for the second quarter of 2023. This represents an increase in net income of $9.9 million or 35.2% over the same quarter last year and nearly flat compared to the first quarter of 2023. The primary driver of the increase over the prior year quarter was net interest income which increased by $16.9 million or 29.9% over the same... More