Preferred Bank reports results for the quarter ended in December - Earnings Summary

Preferred Bank

18/01/2023 22:01

* Preferred Bank  PFBC.OQ  reported quarterly adjusted
earnings of
$2.71​​ per share for the quarter ended in December. The mean
expectation of five analysts for the quarter was for earnings of
$2.57 per share.
    * Revenue rose 50% to $74.11 million from a year ago;
analysts
expected $71.80 million. 
    * Preferred Bank's reported EPS for the quarter was $2.71​.
    * The mean earnings estimate of analysts had risen by
about 11.1%
in the last three months.​ 
    * In the last 30 days one analyst negatively revised an
earnings
estimate 
    * Preferred Bank shares had fallen by 2.8% this quarter.
    * The company reported quarterly net income of $39.56
million.
    * Wall Street's median 12-month price target for Preferred
Bank is
$88.50 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data January
18 at 10:01 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      2.57           2.71           Beat
 Sep. 30 2022      2.13           2.40           Beat
 Jun. 30 2022      1.79           1.87           Beat
 Mar. 31 2022      1.69           1.74           Beat