| 2025-05-09 16:31:00 |
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. |
| 2025-04-25 08:30:00 |
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. |
| 2025-04-14 18:32:00 |
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. |
| 2025-03-19 16:15:00 |
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. |
| 2025-03-18 08:30:00 |
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. |
| 2025-01-30 18:29:00 |
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| 2025-01-27 16:01:00 |
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| 2025-01-10 16:05:00 |
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| 2024-12-26 16:04:00 |
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| 2024-12-19 17:06:00 |
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| 2024-10-15 17:48:00 |
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| 2024-09-19 16:05:00 |
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| 2024-08-30 16:01:00 |
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| 2024-07-25 17:01:00 |
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| 2024-07-10 16:05:00 |
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