Preferred Bank Q2 net income rises to $32.8 mln on higher interest income

Preferred Bank

21/07/2025 13:14

Overview

Preferred Bank Q2 net income rises to $32.8 mln, up from prior qtr

Net interest margin improves to 3.85% from 3.75% last qtr

Total loans increased by $105.2 mln or 1.9% quarter-over-quarter

Outlook

Preferred Bank notes clearer operating environment due to reduced tariff uncertainty

Company plans for future growth amid improved market conditions

Result Drivers

NET INTEREST INCOME - Increase driven by reversal of interest income from non-accrual loans

LOAN GROWTH - Total loans increased by $105.2 mln, contributing to higher net interest income

NONINTEREST EXPENSE - Rise due to $1.3 mln write-down of Santa Barbara OREO property

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 EPS
$2.52
Q2 Net Income
$32.85 mln
Q2 Net Interest Income
$66.87 mln
Q2 Net Interest Margin
3.8%


Press Release: ID:nGNX9wfb7R

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)