Preferred Bank·Financial Services
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 accepts 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; and commercial loans comprising lines of credit for working capital, term loans for capital expenditures, and commercial and stand-by letters of credit; and SBA loans. In addition, the company offers trade finance services, including commercial and export letters of credit, import lines of credit, documentary collections, international wire transfers, acceptances/trust receipt financing products, export financing, documentary collections, and bills purchase programs. Further, it provides various high-wealth banking services to wealthy individuals residing in the Pacific Rim area; and remote deposit capture, and online and mobile banking services. Additionally, the company offers various banking services to physicians, accountants, attorneys, business managers, and other professionals; and safe deposit boxes, account reconciliation, courier service, and cash management services to the manufacturing, service, and distribution companies. As of December 31, 2021, it had eleven full-service branch offices in Alhambra, Century City, City of Industry, Torrance, Arcadia, Irvine, Diamond Bar, Pico Rivera, Tarzana, and San Francisco; and one branch in Flushing, New York. The company was incorporated in 1991 and is headquartered in Los Angeles, California.
Financial Services
Banks - Regional
323
1999-08-19
0.57

Preferred Bank receives a reaffirmed soft "Buy" rating, though recent net interest margin declines temper enthusiasm. PFBC's net interest margin fell to 3.74%, with loan yields dropping as adjustable-rate loans reprice lower amid declining rates. Asset quality remains robust, with return on assets at 1.82% and return on equity at 17.59%, both above peer averages.

LOS ANGELES, April 08, 2026 (GLOBE NEWSWIRE) -- Preferred Bank (NASDAQ: PFBC), one of the larger independent commercial banks in California, today announced plans to release its financial results for the first quarter ended March 31, 2026 before the open of market on Wednesday, April 22, 2026. That same day, management will host a conference call at 2:00 p.m. Eastern (11:00 a.m. Pacific). The call will be simultaneously broadcast over the Internet.

LOS ANGELES, March 18, 2026 (GLOBE NEWSWIRE) -- Preferred Bank (NASDAQ: PFBC), one of the larger independent commercial banks in California, today reported that the Board of Directors has declared a quarterly cash dividend of $0.80 per share, payable on April 21, 2026 to holders of record on April 7, 2026.

Preferred Brands adds a dedicated national sales platform supporting market development and brand representation across on-premise and off-premise channels WASHINGTON, D.C. / ACCESS Newswire / March 18, 2026 / Seto Holdings, Inc , a publicly traded (OTCID:SETO), vertically integrated total beverage platform, operating at the intersection of consumer packaged goods, sales, marketing, and technology, today announced that it has entered into an agreement to acquire a controlling interest in Preferred Brands USA, Inc ( "Preferred Brands"), a premier, beverage sales and brand management agency focused on the spirits and functional beverage sectors.

LOS ANGELES, Feb. 23, 2026 (GLOBE NEWSWIRE) -- Preferred Bank (NASDAQ: PFBC), (“the Bank”), an independent commercial bank, provided an update on a large loan relationship. In the fourth quarter of 2025, the Bank announced that it had downgraded a large relationship totaling $2.0 million in commercial and industrial (C&I) loans and $115.6 million of real estate loans to substandard classification. Due to the principals of the relationship being involved in several complicated lawsuits with other banks which caused sluggish cash flow and unacceptable payment patterns, the Bank is now further reclassifying these loans to nonaccrual status.

LSV Asset Management lowered its stake in shares of Preferred Bank (NASDAQ: PFBC) by 93.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,700 shares of the bank's stock after selling 49,840 shares during the period. LSV Asset