Last $26.00 USD
Change Today 0.00 / 0.00%
Volume 34.5K
As of 12:32 PM 11/26/14 All times are local (Market data is delayed by at least 15 minutes).

preferred bank/los angeles (PFBC) Snapshot

Open
$26.00
Previous Close
$26.00
Day High
$26.00
Day Low
$25.90
52 Week High
10/31/14 - $26.81
52 Week Low
12/9/13 - $18.42
Market Cap
345.0M
Average Volume 10 Days
28.8K
EPS TTM
$1.73
Shares Outstanding
13.3M
EX-Date
10/2/14
P/E TM
15.0x
Dividend
$0.40
Dividend Yield
0.38%
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.

148 Employees
Last Reported Date: 03/17/14
Founded in 1991

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
Head of Commercial & Industrial Loans, Execut...
Total Annual Compensation: $268.0K
Compensation as of Fiscal Year 2013.

preferred bank/los angeles (PFBC) Key Developments

Preferred Bank Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Announces Net Charge-Offs

Preferred Bank reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported net income available to common shareholders of $6,278,000 or $0.46 per diluted share compared to net income available to common shareholders of $4,977,000 or $0.37 per diluted share for the third quarter of 2013. Total interest income was $20,462,000 compared to $18,480,000 a year ago. Net interest income was $18,036,000 compared to $16,513,000 a year ago. Net interest income after provision for loan losses was $17,536,000 compared to $15,313,000 a year ago. Income before provision for income taxes was $10,628,000 compared to $7,925,000 a year ago. Net income was $6,362,000 compared to $5,032,000 a year ago. Return on average assets was 1.29% compared to 1.20% a year ago. Return on beginning equity was 11.34% compared to 10.27% a year ago. For the nine months period, net income available to common shareholders of $17,513,000 or $1.29 per diluted share compared to net income available to common shareholders of $13,170,000 or $0.99 per diluted share for the third quarter of 2013. Total interest income was $58,506,000 compared to $51,212,000 a year ago. Net interest income was $51,604,000 compared to $45,596,000 a year ago. Net interest income after provision for loan losses was $48,754,000 compared to $44,146,000 a year ago. Income before provision for income taxes was $29,333,000 compared to $22,274,000 a year ago. Total net charge-offs for the third quarter of 2014 were $4.3 million.

Preferred Bank to Report Q3, 2014 Results on Oct 16, 2014

Preferred Bank announced that they will report Q3, 2014 results at 9:00 AM, Eastern Standard Time on Oct 16, 2014

Preferred Bank, Q3 2014 Earnings Call, Oct 16, 2014

Preferred Bank, Q3 2014 Earnings Call, Oct 16, 2014

 

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PFBC Competitors

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Company Last Change
Bank of Marin Bancorp $51.98 USD -0.35
Cascade Bancorp $4.91 USD -0.03
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Heritage Oaks Bancorp $7.60 USD -0.04
Pacific Continental Corp $14.18 USD -0.17
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Industry Analysis

PFBC

Industry Average

Valuation PFBC Industry Range
Price/Earnings 15.1x
Price/Sales 5.2x
Price/Book 1.5x
Price/Cash Flow 14.5x
TEV/Sales 1.1x
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