Brief: Preferred Bank Issues Updated Financial Data

Preferred Bank

10/03/2023 21:39

March 10 (Reuters) - Preferred Bank  PFBC.O :
    * PREFERRED BANK ISSUES UPDATED FINANCIAL DATA
    * PREFERRED BANK: AS OF MARCH 9, 2023 TOTAL DEPOSITS HAVE
GROWN TO
$5.622 BILLION FROM $5.557 BILLION AS OF YEAR END
    * PREFERRED BANK: AS OF MARCH 9, 2023 CASH AND CASH
EQUIVALENTS
TOTAL OVER $900 MILLION AND REPRESENT 13.9% OF TOTAL ASSETS
    * PREFERRED BANK - PREFERRED BANK HAS NO EXPOSURE TO VENTURE
CAPITAL OR CRYPTOCURRENCY
    * PREFERRED BANK - AS OF MARCH 9, 2023 TOTAL SECURITIES HELD
TO
MATURITY WERE JUST $22.2 MILLION
    * PREFERRED BANK: ASSET QUALITY REMAINS STRONG AND UNCHANGED
FROM
YEAR-END 2022
    * PREFERRED BANK - AS OF MARCH 9, 2023 PREFERRED BANK HAS
OTHER,
MULTIPLE SOURCES OF BORROWING CAPACITY, NONE OF WHICH ARE BEING
UTILIZED

Source text for Eikon:  ID:nGNX3R2ptK 
Further company coverage:  PFBC.O 

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