NASDAQ : PFBC
Preferred Bank — Financial statements
Financials · Banks - Regional · United States
Last price 106.98 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 1.27B
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Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Interest Income on Loans | 428.00M | 427.77M | 445.14M | 412.50M | 269.01M | 200.54M |
| Interest Income on Investments | 56.63M | 58.69M | 63.96M | 65.48M | 25.37M | 10.50M |
| Total Interest Income | 484.64M | 486.45M | 509.10M | 477.99M | 294.38M | 211.03M |
| Interest Paid on Deposits | 198.82M | 205.69M | 231.17M | 179.50M | 41.72M | 18.83M |
| Interest Paid on Borrowings | 13.83M | 9.95M | 5.30M | 9.12M | 5.30M | 6.33M |
| Total Interest Expense | 212.65M | 215.64M | 236.47M | 188.61M | 47.02M | 25.16M |
| Net Interest Income | 271.99M | 270.82M | 272.63M | 289.37M | 247.36M | 185.88M |
| Gain (Loss) on Sale of Investments | 657.00K | 132.00K | -5.05M | 297.00K | -3.46M | |
| Other Non-Interest Income | 15.07M | 12.66M | 9.73M | 8.07M | 6.84M | 6.23M |
| Total Non-Interest Income | 20.88M | 19.52M | 13.56M | 7.11M | 9.86M | 4.24M |
| Revenues Before Loan Losses | 292.87M | 290.34M | 286.19M | 296.49M | 257.22M | 190.12M |
| Provision for Loan Losses | 9.00M | 9.10M | 12.10M | 10.00M | 7.35M | -1.00M |
| Revenue | 283.87M | 281.24M | 274.09M | 286.49M | 249.87M | 191.12M |
| Salaries and Employee Benefits | 47.86M | 46.24M | 44.43M | 45.50M | 40.20M | 33.49M |
| Occupancy Expenses | 4.21M | 3.89M | 4.22M | 3.35M | 3.26M | 3.06M |
| Selling, General & Administrative | 25.64M | 24.97M | 30.16M | 16.11M | 18.48M | 18.29M |
| Other Non-Interest Expense | 11.99M | 9.64M | 9.02M | 8.33M | 5.92M | 2.45M |
| Total Non-Interest Expense | 93.79M | 91.69M | 90.06M | 76.63M | 70.67M | 57.29M |
| EBT Excluding Unusual Items | 190.08M | 189.55M | 184.03M | 209.85M | 179.20M | 133.83M |
| Pretax Income | 190.08M | 189.55M | 184.03M | 209.85M | 179.20M | 133.83M |
| Income Tax Expense | 57.62M | 55.91M | 53.37M | 59.81M | 50.35M | 38.59M |
| Net Income | 132.45M | 133.63M | 130.66M | 150.04M | 128.84M | 95.24M |
| Preferred Dividends & Other Adjustments | 2.00K | 11.00K | ||||
| Net Income to Common | 132.45M | 133.63M | 130.66M | 150.04M | 128.84M | 95.23M |
| Basic Shares Outstanding | 12.00M | 12.59M | 13.35M | 14.10M | 14.58M | 14.87M |
| Diluted Shares Outstanding | 12.24M | 12.84M | 13.55M | 14.26M | 14.81M | 14.87M |
| EPS (Basic) | 11.04 | 10.61 | 9.79 | 10.64 | 8.84 | 6.41 |
| EPS (Diluted) | 10.82 | 10.41 | 9.64 | 10.52 | 8.70 | 6.41 |
| Dividend Per Share | 3.20 | 3.05 | 2.85 | 2.35 | 1.84 | 1.57 |
| Effective Tax Rate | 30.32% | 29.50% | 29.00% | 28.50% | 28.10% | 28.83% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 701.03M | 827.10M | 785.51M | 910.85M | 767.53M | 1.05B |
| Investment Securities | 751.13M | 508.19M | 274.04M | 235.11M | 322.29M | 305.35M |
| Mortgage-Backed Securities | 17.83M | 146.72M | 153.03M | 165.18M | 189.63M | 219.54M |
| Total Investments | 768.96M | 654.91M | 427.07M | 400.29M | 511.93M | 524.89M |
| Gross Loans | 6.20B | 6.05B | 5.64B | 5.27B | 5.07B | 4.42B |
| Allowance for Loan Losses | -78.28M | -78.99M | -71.48M | -78.36M | -68.47M | -59.97M |
| Other Adjustments to Gross Loans | -7.61M | -9.03M | -9.23M | -11.08M | -9.94M | -6.32M |
| Net Loans | 6.11B | 5.97B | 5.56B | 5.18B | 5.00B | 4.36B |
| Property, Plant & Equipment | 38.57M | 38.59M | 21.64M | 31.74M | 30.72M | 32.50M |
| Loans Held for Sale | 56.56M | 2.21M | 360.00K | |||
| Accrued Interest Receivable | 38.35M | 34.23M | 33.56M | 33.89M | 23.59M | 14.65M |
| Other Receivables | 3.51M | 3.88M | 2.19M | 2.39M | ||
| Other Current Assets | 315.00K | 1.73M | 10.19M | |||
| Long-Term Deferred Tax Assets | 55.02M | 41.98M | 47.40M | 48.99M | 43.22M | 26.67M |
| Other Real Estate Owned & Foreclosed | 11.53M | 3.51M | 14.99M | 16.72M | 21.99M | |
| Other Long-Term Assets | 15.10M | 15.71M | 13.93M | 14.66M | 13.27M | 13.09M |
| Total Assets | 7.82B | 7.60B | 6.92B | 6.66B | 6.43B | 6.05B |
| Accrued Expenses | 19.50M | 18.90M | 18.20M | 12.20M | 9.00M | |
| Interest Bearing Deposits | 3.97B | 3.89B | 3.73B | 3.60B | 3.23B | 2.99B |
| Institutional Deposits | 1.83B | 1.75B | 1.48B | 1.32B | 1.14B | 934.44M |
| Non-Interest Bearing Deposits | 745.76M | 699.16M | 704.86M | 787.00M | 1.19B | 1.31B |
| Total Deposits | 6.55B | 6.35B | 5.92B | 5.71B | 5.56B | 5.23B |
| Current Portion of Leases | 5.76M | |||||
| Accrued Interest Payable | 16.78M | 16.51M | 16.52M | 16.12M | 2.61M | 715.00K |
| Other Current Liabilities | 13.60M | 315.00K | 1.73M | 10.19M | ||
| Long-Term Debt | 148.88M | 148.71M | 148.47M | 148.23M | 148.00M | 147.76M |
| Federal Home Loan Bank Debt, Long-Term | 200.00M | 200.00M | ||||
| Long-Term Leases | 32.18M | 29.35M | 16.99M | 19.77M | 20.95M | 22.86M |
| Other Long-Term Liabilities | 75.87M | 32.82M | 42.55M | 52.19M | 52.45M | 43.55M |
| Total Liabilities | 7.02B | 6.81B | 6.16B | 5.96B | 5.79B | 5.46B |
| Common Stock | 210.88M | 210.88M | 210.88M | 210.88M | 210.88M | 210.88M |
| Additional Paid-In Capital | 113.02M | 105.11M | 95.79M | 86.83M | 81.56M | 73.17M |
| Retained Earnings | 849.83M | 780.64M | 685.11M | 592.33M | 475.07M | 372.95M |
| Treasury Stock | -334.63M | -293.41M | -201.17M | -163.18M | -108.48M | -75.21M |
| Comprehensive Income & Other | -46.67M | -13.74M | -27.46M | -31.75M | -28.61M | 4.93M |
| Shareholders' Equity | 792.43M | 789.48M | 763.15M | 695.11M | 630.43M | 586.72M |
| Total Liabilities & Equity | 7.82B | 7.60B | 6.92B | 6.66B | 6.43B | 6.05B |
| Total Debt | 381.07M | 383.81M | 165.46M | 168.00M | 168.94M | 170.62M |
| Net Cash (Debt) | 319.96M | 443.29M | 620.06M | 742.85M | 598.58M | 879.99M |
| Net Cash Per Share | 26.14 | 34.53 | 45.75 | 52.09 | 40.42 | 59.19 |
| Filing Date Shares Outstanding | 11.85M | 12.13M | 13.24M | 13.41M | 14.43M | 14.80M |
| Total Common Shares Outstanding | 11.85M | 12.18M | 13.19M | 13.58M | 14.36M | 14.68M |
| Book Value Per Share | 66.85 | 64.83 | 57.86 | 51.17 | 43.91 | 39.97 |
| Tangible Book Value | 792.43M | 789.48M | 763.15M | 695.11M | 630.43M | 586.72M |
| Tangible Book Value Per Share | 66.85 | 64.83 | 57.86 | 51.17 | 43.91 | 39.97 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 133.63M | 130.66M | 150.04M | 128.84M | 95.24M | |
| Depreciation & Amortization | 1.75M | 2.15M | 1.72M | 1.89M | 1.90M | |
| Other Amortization | 237.00K | 237.00K | 237.00K | 237.00K | 1.10M | |
| Gain (Loss) on Sale of Assets | -3.61M | 426.00K | ||||
| Gain (Loss) on Sale of Investments | 15.35M | 7.42M | 16.13M | 8.13M | 4.42M | |
| Total Asset Writedown | 4.78M | 1.63M | 1.90M | -951.00K | ||
| Provision for Credit Losses | 9.10M | 12.10M | 10.00M | 7.35M | -1.00M | |
| Net Decrease (Increase) in Loans Originated / Sold - Operating | 2.81M | -1.20M | 392.00K | 20.00K | ||
| Accrued Interest Receivable | -19.52M | 9.73M | -11.74M | -8.62M | 7.86M | |
| Change in Income Taxes | -1.69M | 196.00K | -2.39M | |||
| Other Operating Activities | -4.80M | -4.47M | -9.04M | -7.58M | -5.10M | |
| Operating Cash Flow | 168.14M | 164.52M | 175.39M | 143.76M | 119.63M | |
| Capital Expenditures | -1.35M | -919.00K | -2.42M | -356.00K | -603.00K | |
| Investment in Securities | -222.83M | -37.43M | 94.47M | -36.89M | -231.58M | |
| Net Decrease (Increase) in Loans Originated / Sold - Investing | -421.88M | -383.36M | -193.46M | -649.56M | -387.83M | |
| Other Investing Activities | 91.00K | -15.32M | ||||
| Investing Cash Flow | -623.80M | -421.62M | -98.03M | -699.89M | -620.01M | |
| Long-Term Debt Issued | 200.00M | 147.63M | ||||
| Long-Term Debt Repaid | -100.00M | |||||
| Net Debt Issued (Repaid) | 200.00M | 47.63M | ||||
| Repurchase of Common Stock | -93.10M | -38.25M | -55.23M | -33.29M | -17.72M | |
| Common Dividends Paid | -38.25M | -37.50M | -31.14M | -25.14M | -21.43M | |
| Net Increase (Decrease) in Deposit Accounts | 428.60M | 207.51M | 152.34M | 331.49M | 783.03M | |
| Financing Cash Flow | 497.24M | 131.76M | 65.97M | 273.05M | 791.52M | |
| Net Cash Flow | 41.58M | -125.34M | 143.33M | -283.08M | 291.14M | |
| Free Cash Flow | 166.79M | 163.60M | 172.98M | 143.40M | 119.03M | |
| Free Cash Flow Margin | 59.30% | 59.69% | 60.38% | 57.39% | 62.28% | |
| Free Cash Flow Per Share | 12.99 | 12.07 | 12.13 | 9.68 | 8.01 | |
| Cash Interest Paid | 215.64M | 236.07M | 175.10M | 45.13M | 25.69M | |
| Cash Income Tax Paid | 41.49M | 46.33M | 58.38M | 43.67M | 29.29M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 1.29B | 1.17B | 1.14B | 1.00B | 1.07B | 1.05B |
| Last Close Price | 105.65 | 91.45 | 80.76 | 65.80 | 64.79 | 60.84 |
| PE Ratio | 10.03 | 8.73 | 8.72 | 6.70 | 8.31 | 11.06 |
| PS Ratio | 4.41 | 4.15 | 4.16 | 3.51 | 4.29 | 5.51 |
| PB Ratio | 1.58 | 1.48 | 1.49 | 1.45 | 1.70 | 1.80 |
| P/FCF Ratio | 7.46 | 6.99 | 6.96 | 5.81 | 7.47 | 8.85 |
| P/OCF Ratio | 7.28 | 6.94 | 6.92 | 5.73 | 7.45 | 8.81 |
| Debt / Equity Ratio | 0.48 | 0.49 | 0.22 | 0.24 | 0.27 | 0.29 |
| Debt / FCF Ratio | 2.30 | 1.01 | 0.97 | 1.18 | 1.43 | |
| Net Debt / Equity Ratio | -0.40 | -0.56 | -0.81 | -1.07 | -0.95 | -1.50 |
| Net Debt / FCF Ratio | -2.66 | -3.79 | -4.29 | -4.17 | -7.39 | |
| Return on Equity (ROE) | 16.89% | 17.21% | 17.92% | 22.64% | 21.17% | 17.13% |
| Return on Assets (ROA) | 1.73% | 1.84% | 1.92% | 2.29% | 2.07% | 1.70% |
| Earnings Yield | 9.97% | 11.46% | 11.47% | 14.93% | 12.03% | 9.04% |
| FCF Yield | 13.41% | 14.30% | 14.36% | 17.22% | 13.38% | 11.30% |
| Dividend Yield | 2.97% | 3.19% | 3.30% | 3.18% | 2.47% | 2.19% |
| Payout Ratio | 29.58% | 28.62% | 28.70% | 20.76% | 19.51% | 22.50% |
| Buyback Yield / Dilution | 6.39% | 5.29% | 4.96% | 3.70% | 0.38% | 0.13% |
| Total Shareholder Return | 9.42% | 8.47% | 8.26% | 6.88% | 2.85% | 2.32% |