Preferred Bank Reports Q4 Net Income of $34.8 Million, Up $4.6 Million YoY
- Net Income Growth: Preferred Bank reported a fourth-quarter net income of $34.8 million, an increase of $4.6 million year-over-year, indicating sustained improvement in profitability and reflecting a rebound in market demand.
- Earnings Per Share Increase: The net income per share rose from $2.25 last year to $2.79, aligning with analysts' expectations, demonstrating the company's significant achievements in cost control and efficiency enhancement.
- Revenue Growth: Revenue for the quarter reached $78.1 million, up from $72.8 million in the prior year, showcasing strong growth in loan and service demand, further solidifying Preferred Bank's market position.
- Stock Performance: In pre-market trading, Preferred Bank's stock rose by 2.00% to $101.13, reflecting positive investor sentiment towards the company's financial performance, which may attract more investor interest.
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- Net Income Growth: Preferred Bank reported a fourth-quarter net income of $34.8 million, an increase of $4.6 million year-over-year, indicating sustained improvement in profitability and reflecting a rebound in market demand.
- Earnings Per Share Increase: The net income per share rose from $2.25 last year to $2.79, aligning with analysts' expectations, demonstrating the company's significant achievements in cost control and efficiency enhancement.
- Revenue Growth: Revenue for the quarter reached $78.1 million, up from $72.8 million in the prior year, showcasing strong growth in loan and service demand, further solidifying Preferred Bank's market position.
- Stock Performance: In pre-market trading, Preferred Bank's stock rose by 2.00% to $101.13, reflecting positive investor sentiment towards the company's financial performance, which may attract more investor interest.
- Earnings Meet Expectations: Preferred Bank reported a Q4 GAAP EPS of $2.79, aligning with market expectations, indicating the company's consistent performance in maintaining profitability.
- Revenue Growth: The bank's Q4 revenue reached $78.07 million, marking a 7.2% year-over-year increase and exceeding market expectations by $3.53 million, reflecting strong growth in customer base and market demand.
- Positive Market Reaction: Following the earnings report, the market responded favorably to Preferred Bank's stable financial performance, which may boost investor confidence and drive stock price appreciation.
- Optimistic Future Outlook: With ongoing revenue growth and robust profitability, Preferred Bank is well-positioned to strengthen its market position and attract more investments in the competitive landscape ahead.
- Earnings Release Schedule: Preferred Bank plans to announce its financial results for Q4 2025 before market open on January 22, 2026, highlighting its competitive position among independent commercial banks in California.
- Management Conference Call: On the same day, management will host a conference call at 2:00 p.m. Eastern to discuss financial results and business highlights, which is expected to attract investor interest.
- Live Webcast Availability: The conference call will be simultaneously broadcast over the Internet via the Investor Relations section of Preferred Bank's website, enhancing transparency and investor engagement.
- Replay Service: A replay of the call will be available until February 5, 2026, ensuring that investors who cannot participate live can access key information.
Stock Recommendations: Three stocks with strong buy rankings and attractive dividend yields are highlighted: TPG RE Finance Trust (10.7% yield), Preferred Bank (3.3% yield), and Popular, Inc. (2.6% yield), all showing positive earnings estimates over the past 60 days.
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Zacks Rank #1 Stocks: Five stocks have been added to the Zacks Rank #1 (Strong Buy) List, including Preferred Bank, Weatherford International, Insulet Corporation, PRA Group, and Alexander's, all of which have seen significant increases in their earnings estimates over the past 60 days.
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Top Stock Picks: Three stocks with strong income characteristics and buy rankings are highlighted: Alexander’s, Inc. (ALX) with an 8% dividend yield, Preferred Bank (PFBC) with a 3.3% yield, and Weatherford International plc (WFRD) with a 1.3% yield.
Earnings Estimates: Each company has seen positive adjustments in their earnings estimates over the past 60 days, with Alexander’s, Inc. increasing by 7%, Preferred Bank by 5.6%, and Weatherford International by 8.6%.
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