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Preferred Bank (PFBC)
NASDAQ:PFBC
Earnings Data
Report Date
Apr 22, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
2.33Last Year’s EPS
2.44Same Quarter Last Year
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Jan 27, 2025
|% Change Since: 1.66%
|Next Earnings Date:Apr 22, 2025
Earnings Call Sentiment|Neutral
The earnings call reflected a generally strong financial performance with substantial improvements in credit quality and shareholder returns. However, there were challenges such as moderate growth in loans and deposits, and a significant non-recurring expense. The sentiment is balanced with both positive achievements and notable challenges.Company Guidance
During the Preferred Bank Fourth Quarter 2024 Earnings Call, several key financial metrics were highlighted. The bank closed the year with a net income of $131 million, translating to $9.64 per share, and a return on assets of 19.1%, while return on equity was 18.8%. For the quarter, net income reached $30.3 million, or $2.25 per share, negatively impacted by a $8.1 million correction of rental expenses, equivalent to $0.42 per share after-tax. Loan and deposit growth were moderate at 7% and 3.6%, respectively, with non-performing loans reduced by 50% to $10 million. The leverage capital ratio improved from 10.85% to 11.33%, and the tangible book value per share increased from $50.54 to $57.86. Additionally, the board announced a dividend increase from $0.70 to $0.75 per share and repurchased 464,000 shares for $34 million. The net interest margin was stable, with a quarterly NIM of 4.06% and a spot margin for December at 3.98%. The bank anticipates relatively stable margins for the first quarter of 2025.Net Income Achievement
Preferred Bank reported a net income of $131 million for the year with a return on assets of 19.1% and a return on equity of 18.8%, outperforming industry averages.
Successful Share Repurchase
The bank repurchased 464,000 shares of common stock for a total of $34 million, indicating strong financial management.
Improved Credit Quality
Non-performing loans reduced by 50% from $20 million to $10 million, and criticized loans decreased by 33% in the fourth quarter.
Dividend Increase
The board announced an increase in dividends from $0.70 to $0.75 payable in January.
Tangible Book Value Growth
Tangible book value on common stock improved from $50.54 to $57.86.
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PFBC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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PFBC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Jan 27, 2025 | $86.56 | $87.67 | +1.28% |
| Oct 21, 2024 | $82.60 | $80.91 | -2.05% |
| Jul 25, 2024 | $85.66 | $89.66 | +4.67% |
| Apr 23, 2024 | $72.84 | $74.89 | +2.81% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Preferred Bank (PFBC) report earnings?
Preferred Bank (PFBC) is schdueled to report earning on Apr 22, 2025, TBA Not Confirmed.
What is Preferred Bank (PFBC) earnings time?
Preferred Bank (PFBC) earnings time is at Apr 22, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is PFBC EPS forecast?
PFBC EPS forecast for the fiscal quarter 2025 (Q1) is 2.33.
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