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

Preferred Bank

20/07/2022 22:01

* Preferred Bank  PFBC.OQ  reported quarterly adjusted
earnings of
$1.87​​ per share for the quarter ended in June. The mean
expectation of six analysts for the quarter was for earnings of
$1.79 per share.
    * Revenue rose 30.1% to $56.42 million from a year ago; 
analysts
expected $56.03 million. 
    * Preferred Bank's reported EPS for the quarter was $1.87​.
    * The mean earnings estimate of analysts had fallen by
about 0.2%
in the last three months.​ 
    * In the last 30 days two analysts negatively revised
earnings
estimates 
    * Preferred Bank shares had risen by 4.2% this quarter and
lost 1.2% so far this year.
    * The company reported quarterly net income of $28.07
million.
    * Wall Street's median 12-month price target for Preferred
Bank is
$90.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 

This summary was machine generated July 20 at 09:01 p.m.  ​All
figures in US dollars unless otherwise stated.
 QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2022      1.79           1.87           Beat
 Mar. 31 2022      1.69           1.74           Beat
 Dec. 31 2021      1.72           1.80           Beat
 Sep. 30 2021      1.62           1.76           Beat
 This summary was machine generated from Refinitiv data July 20
at 09:01 p.m