Last $26.47 USD
Change Today -0.75 / -2.76%
Volume 20.0K
PFBC On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 8:10 PM 01/28/15 All times are local (Market data is delayed by at least 15 minutes).

preferred bank/los angeles (PFBC) Snapshot

Open
$27.40
Previous Close
$27.22
Day High
$27.40
Day Low
$26.42
52 Week High
12/31/14 - $28.42
52 Week Low
02/5/14 - $19.86
Market Cap
351.2M
Average Volume 10 Days
31.0K
EPS TTM
$1.79
Shares Outstanding
13.3M
EX-Date
01/2/15
P/E TM
14.8x
Dividend
$0.40
Dividend Yield
0.76%
Current Stock Chart for PREFERRED BANK/LOS ANGELES (PFBC)

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preferred bank/los angeles (PFBC) Details

Preferred Bank provides various commercial banking products and services to small and mid-sized businesses and their owners, entrepreneurs, real estate developers and investors, professionals, and high net worth individuals in the United States. The company’s deposit products include checking, savings, negotiable order of withdrawal, and money market accounts; fixed-rate and fixed maturity retail certificates of deposit; and individual retirement accounts and non-retail certificates of deposit. It also provides real estate mini-permanent loans that are secured by retail, industrial, office, residential, and residential multi-family properties; real estate construction loans; commercial loan products comprising lines of credit for working capital and term loans for capital expenditures; and trade finance products, such as commercial and standby letters of credit, acceptance financing, documentary collections, foreign draft collections, international wires, and foreign exchange for importers and exporters. In addition, the company offers various private banking services to wealthy individuals residing in the Pacific Rim area with residences, real estate investments, or businesses in Southern California. Further, it provides various personal banking services to physicians, accountants, attorneys, business managers, and other professionals; and a range of deposit products and related services, such as safe deposit boxes, account reconciliation, courier service, and cash management services to the manufacturing, service, and distribution companies. As of December 31, 2013, the company had 11 full-service branch offices in Alhambra, Arcadia, Century City, City of Industry, Diamond Bar, Los Angeles, Pico Rivera, San Francisco, Torrance, Anaheim, and Irvine of California. Preferred Bank was founded in 1991 and is headquartered in Los Angeles, California.

preferred bank/los angeles (PFBC) Top Compensated Officers

Chairman, Chief Executive Officer, Company Se...
Total Annual Compensation: $1.5M
President and Chief Operating Officer
Total Annual Compensation: $678.8K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $368.4K
Chief Credit Officer and Executive Vice Presi...
Total Annual Compensation: $368.4K
Compensation as of Fiscal Year 2013.

preferred bank/los angeles (PFBC) Key Developments

Preferred Bank Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Reports Net Charge-Offs for the Fourth Quarter Ended December 31, 2014

Preferred Bank reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported total interest income of $21,821,000 against $18,513,000 reported last year. Net interest income was $16,401,000 against $14,204,000 reported last year. Net interest income after provision for loan losses was $18,883,000 against $14,601,000 reported last year. Income before provision for income taxes was $11,513,000 against $9,591,000 reported last year. Net income available to common shareholders was $6,779,000 or $0.50 per diluted share compared to $5,834,000 or $0.43 per diluted share a year ago. ROA was 1.37% compared to 1.33%. ROE was 11.92% compared to 11.62% a year ago. The increase in net interest income over the fourth quarter of 2013 and over the prior quarter is due primarily to growth in the loan portfolio. For the full year, the company reported total interest income of $80,327,000 against $69,726,000 reported last year. Net interest income was $70,987,000 against $61,997,000 reported last year. Net interest income after provision for loan losses was $67,637,000 against $58,747,000 reported last year. Income before provision for income taxes was $40,847,000 against $31,865,000 reported last year. Net income available to common shareholders was $24,292,000 or $1.78 per diluted share compared to $18,998,000 or $1.42 per diluted share a year ago. ROA was 1.31% compared to 1.18%. ROE was 11.88% compared to 10.22% a year ago. This increase in net interest income is primarily due to growth in the loan portfolio over the course of 2014. Total net charge-offs (recoveries) for the fourth quarter of 2014 were $188,000.

Preferred Bank to Report Q4, 2014 Results on Jan 20, 2015

Preferred Bank announced that they will report Q4, 2014 results at 5:00 PM, Eastern Standard Time on Jan 20, 2015

Preferred Bank, Q4 2014 Earnings Call, Jan 21, 2015

Preferred Bank, Q4 2014 Earnings Call, Jan 21, 2015

 

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PFBC:US $26.47 USD -0.75

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Industry Analysis

PFBC

Industry Average

Valuation PFBC Industry Range
Price/Earnings 15.3x
Price/Sales 5.1x
Price/Book 1.5x
Price/Cash Flow 14.6x
TEV/Sales 1.4x
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