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Preferred Bank (PFBC)
NASDAQ:PFBC
Earnings Data
Report Date
Jul 16, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
2.42Last Year’s EPS
2.48Same Quarter Last Year
Moderate Buy
Based on 4 Analysts Ratings
Earnings Call Summary
Earnings Call Date:Apr 25, 2025
|% Change Since: -1.56%
|Next Earnings Date:Jul 16, 2025
Earnings Call Sentiment|Neutral
The earnings call reveals challenges due to non-performing loans and external economic uncertainties, such as the tariff war. However, there are positive aspects, including deposit growth and ongoing efforts to resolve non-performing loans. The sentiment is balanced but slightly leans towards the negative due to significant challenges and uncertainties.Company Guidance
During the Preferred Bank First Quarter 2025 Earnings Conference Call, management provided detailed financial insights and guidance. The bank reported a net income of $30 million, equating to $2.23 per share, for the first quarter ending March 31, 2025. The quarter's performance was impacted by a $1.3 million charge-off related to real estate owned loans and a reversal of interest income due to $71 million in non-performing loans, with $66 million tied to a single borrower relationship. The bank's net interest margin stood at 3.75%, affected by these reversals, though internally estimated to be closer to 4.06% without them. Despite a slight negative loan growth of $6 million (approximately 0.1% of the total loan portfolio), deposits increased by 2.6% quarter-over-quarter, with a noted reduction in deposit costs. The bank expressed cautious optimism regarding loan demand amidst uncertainties stemming from global tariff issues and emphasized ongoing portfolio monitoring, particularly within its $200 million trade finance segment. The management also highlighted the bank's cautious approach in the face of potential economic uncertainties while maintaining a robust focus on risk assessment and customer engagement.Net Income and Earnings Per Share
Preferred Bank reported a net income of $30 million or $2.23 per share for the first quarter of 2025.
Deposit Growth
Deposits increased by 2.6% on a linked-quarter basis. Deposit costs are reducing as planned.
Loan Resolutions
A non-performing loan valued at $28.5 million is under contract for sale, with non-refundable deposits received. Another $37 million loan is in bankruptcy proceedings with a loan-to-value of 71% and interest from buyers at $49 million.
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
PFBC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 25, 2025 | $85.98 | $80.13 | -6.80% |
Jan 27, 2025 | $85.70 | $86.80 | +1.28% |
Oct 21, 2024 | $81.78 | $80.11 | -2.04% |
Jul 25, 2024 | $84.81 | $88.78 | +4.68% |
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.
FAQ
When does Preferred Bank (PFBC) report earnings?
Preferred Bank (PFBC) is schdueled to report earning on Jul 16, 2025, TBA Not Confirmed.
What is Preferred Bank (PFBC) earnings time?
Preferred Bank (PFBC) earnings time is at Jul 16, 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 (Q2) is 2.42.