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

Preferred Bank

18/04/2023 22:01

* Preferred Bank  PFBC.OQ  reported quarterly adjusted
earnings of
$2.61​​ per share for the quarter ended in March. The mean
expectation of five analysts for the quarter was for earnings of
$2.56 per share.
    * Revenue rose 47.3% to $73.72 million from a year ago;
analysts
expected $73.42 million. 
    * Preferred Bank's reported EPS for the quarter was $2.61​.
    * The mean earnings estimate of analysts had risen by
about 2.9%
in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates 
    * Preferred Bank shares had fallen by 6.7% this quarter and
lost 31.4% so far this year.
    * The company reported quarterly net income of $38.07
million.
    * Wall Street's median 12-month price target for Preferred
Bank is
$69.50 
    * 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 LSEG Refinitiv data
April 18 at 09:01 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      2.56           2.61           Beat
 Dec. 31 2022      2.57           2.71           Beat
 Sep. 30 2022      2.13           2.40           Beat
 Jun. 30 2022      1.79           1.87           Beat