Brief: Preferred Bank Reports Quarterly Earnings

Preferred Bank

18/04/2023 21:27

Preferred Bank  PFBC.O :
    * REPORTS QUARTERLY EARNINGS
    * QTRLY EARNINGS PER SHARE $2.61
    * NET INTEREST INCOME BEFORE PROVISION FOR CREDIT LOSSES WAS
$73.7
MILLION FOR Q1 OF 2023
    * AS OF MARCH 31, 2023, TOTAL UNINSURED DEPOSITS REPRESENTED
APPROXIMATELY 49.5 % OF TOTAL DEPOSITS
    * TOTAL DEPOSITS DECREASED TO $5.41 BILLION FROM 5.56
BILLION AS
OF DECEMBER 31, 2022
    * PROVISION FOR CREDIT LOSSES FOR Q1 OF 2023 WAS $500,000
    * Q1 EARNINGS PER SHARE VIEW $2.56, REVENUE VIEW $73.4
MILLION --
REFINITIV IBES DATA

Source text for Eikon:  ID:nGNX8cWm7F 
Further company coverage:  PFBC.O