Preferred Bank reports Q4 EPS $2.25, consensus $2.38

Reports Q4 tangible book value per share $50.54. Reports Q4 CET1 capital ratio 11.8%. Reports Q4 net charge-offs .47%. Li Yu, chairman and CEO, commented, “We completed the year 2024 with net income of $130.7 million or $9.64 per diluted share. Return on assets was 1.91% for the year and return on beginning equity was 18.8%, which should be well above peer group and the industry average.”