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

Preferred Bank

19/10/2022 22:01

* Preferred Bank  PFBC.OQ  reported quarterly adjusted
earnings of
$2.40​​ per share for the quarter ended in September. The mean
expectation of five analysts for the quarter was for earnings of
$2.13 per share.
    * Revenue rose 39.9% to $66.79 million from a year ago;
analysts
expected $62.32 million. 
    * Preferred Bank's reported EPS for the quarter was $2.40​.
    * The mean earnings estimate of analysts had risen by
about 2.3%
in the last three months.​ 
    * In the last 30 days one analyst negatively revised an
earnings
estimate 
    * Preferred Bank shares had risen by 7.3% this quarter and
lost 2.5% so far this year.
    * The company reported quarterly net income of $35.19
million.
    * Wall Street's median 12-month price target for Preferred
Bank is
$86.50 
    * 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 October
19 at 09:01 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2022      2.13           2.40           Beat
 Jun. 30 2022      1.79           1.87           Beat
 Mar. 31 2022      1.69           1.74           Beat
 Dec. 31 2021      1.72           1.80           Beat