Preferred Bank (NASDAQ:PFBC) is set to announce second quarter earning results on Tuesday 21st July 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, PFBC to report 2Q20 income of $ 0.83 per share from revenue of $ 41.60 million.
For the full year, analysts anticipate top line of $ 170.33 million, while looking forward to income of $ 4.29 per share bottom line.
Previous Quarter Performance
Preferred Bank communicated income for the first quarter of $ 1.08 per share, from the revenue of $ 41.79 million. The quarterly earnings decreased 12.20 percent while revenues enlarged 2.15 percent compared with the same quarter last year.
According to street consensus, PFBC was expected to report 1Q20 income of $ 1.02 per share from revenue of $ 40.16 million. The bottom line results beat street analysts by $ 0.06 or 5.88 percent, at the same time, top line results outshined analysts by $ 1.63 million or 4.06 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of PFBC was $ 39.97, representing a 99.45 % increase from the 52 week low of $ 20.04 and a 38.03 % decrease over the 52 week high of $ 64.50.
The company has a market capital of $ 596.19 million and is part of the Financial Services sector and Banks – Regional – US industry.
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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 companys deposit products include checking, savings, and money market deposit accounts; fixed-rate and fixed maturity retail, and non-retail certificates of deposit; and individual retirement accounts. It also provides real estate mortgage loans that are secured by retail, industrial, office, special purpose, and residential single and multi-family properties; real estate construction loans; commercial loans comprising lines of credit for working capital and term loans for capital expenditures; and commercial and export letters of credit, import lines of credit, documentary collections, international wire transfers, export financing products, bills purchase programs, and acceptances/trust receipt financing products, as well as standby letters of credit and foreign exchange services for importers and exporters.
