In This Article:
Preferred Bank (NASDAQ:PFBC) Full Year 2024 Results
Key Financial Results
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Revenue: US$274.1m (flat on FY 2023).
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Net income: US$130.7m (down 13% from FY 2023).
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Profit margin: 48% (down from 54% in FY 2023).
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EPS: US$9.79 (down from US$10.64 in FY 2023).
PFBC Banking Performance Indicators
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Net interest margin (NIM): 4.08% (down from 4.49% in FY 2023).
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Non-performing loans: 0.17% (down from 0.54% in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Preferred Bank Meets Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) was also in line with analyst expectations.
In the last 12 months, the only revenue segment was Commercial Bank contributing US$274.1m. The largest operating expense was General & Administrative costs, amounting to US$77.6m (54% of total expenses). Explore how PFBC's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 4.5% p.a. on average during the next 2 years, compared to a 7.3% growth forecast for the Banks industry in the US.
Performance of the American Banks industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
Be aware that Preferred Bank is showing 2 warning signs in our investment analysis and 1 of those is a bit concerning...
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.