Preferred Bank Reports Q1 2026 Earnings with Net Income of $31.3 Million
Preferred Bank (PFBC) reported Q1 2026 earnings with net income of $31.3 million, or $2.53 per share, though the quarter was negatively impacted by interest reversal on nonaccrual loans. The bank placed a $179 million nonaccrual loan relationship on nonaccrual and sold portions of it, reducing exposure by about 50%. Sequential loan and deposit growth was modest, and net interest margin declined slightly.
Tickers: $PFBC
Topics: deposit costs earnings loan growth net income net interest margin nonaccrual loans share repurchases