Financial News

What To Expect From Preferred Bank’s (PFBC) Q4 Earnings

PFBC Cover Image

Commercial banking company Preferred Bank (NASDAQ: PFBC) will be announcing earnings results this Thursday before market hours. Here’s what you need to know.

Preferred Bank beat analysts’ revenue expectations by 3.5% last quarter, reporting revenues of $74.98 million, up 3.7% year on year. It was a very strong quarter for the company, with a solid beat of analysts’ revenue estimates and an impressive beat of analysts’ net interest income estimates.

Is Preferred Bank a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, analysts are expecting Preferred Bank’s revenue to grow 2.3% year on year to $74.5 million, improving from its flat revenue in the same quarter last year. Adjusted earnings are expected to come in at $2.79 per share.

Preferred Bank Total Revenue

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Preferred Bank has missed Wall Street’s revenue estimates three times over the last two years.

Looking at Preferred Bank’s peers in the regional banks segment, some have already reported their Q4 results, giving us a hint as to what we can expect. ServisFirst Bancshares delivered year-on-year revenue growth of 22.9%, beating analysts’ expectations by 6.8%, and Simmons First National reported revenues up 15.9%, topping estimates by 4.1%.

Read our full analysis of ServisFirst Bancshares’s results here and Simmons First National’s results here.

Investors in the regional banks segment have had steady hands going into earnings, with share prices flat over the last month. Preferred Bank is down 3% during the same time and is heading into earnings with an average analyst price target of $109.25 (compared to the current share price of $97.05).

P.S. STOP buying the AI stocks everyone's talking about. The real money? It’s in the profitable pick nobody’s watching yet. We’ve identified an AI profit machine that’s flying under Wall Street’s radar—for now. We can’t keep this research public forever—grab your FREE copy before we pull it offline. GO HERE NOW.

Recent Quotes

View More
Symbol Price Change (%)
AMZN  234.34
+3.03 (1.31%)
AAPL  248.35
+0.70 (0.28%)
AMD  253.73
+3.93 (1.57%)
BAC  52.45
+0.38 (0.73%)
GOOG  330.84
+2.46 (0.75%)
META  647.63
+34.67 (5.66%)
MSFT  451.14
+7.03 (1.58%)
NVDA  184.84
+1.52 (0.83%)
ORCL  178.18
+4.30 (2.47%)
TSLA  449.36
+17.92 (4.15%)
Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the Privacy Policy and Terms Of Service.

Use the myMotherLode.com Keyword Search to go straight to a specific page

Popular Pages

  • Local News
  • US News
  • Weather
  • State News
  • Events
  • Traffic
  • Sports
  • Dining Guide
  • Real Estate
  • Classifieds
  • Financial News
  • Fire Info
Feedback