PFBC reported Q2 earnings of $2.52, beating estimates of $2.42. Sales also exceeded consensus at $66.87 million against $66.72 million. Net interest margin improved to 3.85%, up from 3.75% last quarter. Analyst ratings remain positive, with price targets raised significantly. Shares increased by 0.6%, suggesting market confidence.
- Preferred Bank reported $71.57 million in revenue, a 1.5% decline year-over-year. - EPS for the quarter was $2.44, compared to $2.61 a year ago. - Company beat revenue and EPS estimates, with an Efficiency Ratio of 28%. - Key metrics monitored include Net Interest Margin, Net charge-offs, and Interest-Earning Assets. - Shares of Preferred Bank returned -0.5% over the past month, with a Zacks Rank #3. Price Impact Rating: Bearish Impact Horizon Rating: Short-term Type: Earnings