LOS ANGELES (AP) — LOS ANGELES (AP) — Preferred Bank (PFBC) on Wednesday reported first-quarter net income of $31.1 million.
The bank, based in Los Angeles, said it had earnings of $2.53 per share.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $2.48 per share.
The independent commercial bank posted revenue of $121.2 million in the period. Its revenue net of interest expense was $69.6 million, which did not meet Street forecasts. Three analysts surveyed by Zacks expected $70.3 million.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PFBC at https://www.zacks.com/ap/PFBC
Copyright © 2026 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.
