Preferred Bank - Understand $pfbc stock

$PFBC Market Cap: $1.267 Billion

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

Gross Margin

Net Earnings

$136.3M

TTM

Current Assets

Current Liabilities

$42.73M

Q3 2024

Current Ratio

Total Assets

$6.872B

Q3 2024

Total Liabilities

$6.122B

Q3 2024

Book Value

$750.1M

Q3 2024

Cash

P/E

9.294

Nov 29, 2024 EST

Free Cash Flow

$66.77M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003
Revenue
YoY Change

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003
Revenue
Cost Of Revenue
Gross Profit
Gross Profit Margin

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$1.720M	$1.890M	$1.900M	$1.900M	$1.300M	$1.000M	$1.000M	$900.0K	$600.0K	$500.0K	$700.0K	$700.0K	$700.0K	$900.0K	$1.100M	$800.0K	$600.0K	$600.0K	$600.0K	$500.0K	$500.0K
YoY Change	-8.99%	-0.53%	0.0%	46.15%	30.0%	0.0%	11.11%	50.0%	20.0%	-28.57%	0.0%	0.0%	-22.22%	-18.18%	37.5%	33.33%	0.0%	0.0%	20.0%	0.0%	0.0%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net
YoY Change

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003
Pretax Income	$209.9M	$179.2M	$133.8M	$96.90M	$111.4M	$98.70M	$80.50M	$59.70M	$50.20M	$40.80M	$31.50M	$3.300M	$7.200M	-$18.10M	-$80.70M	-$9.900M	$45.10M	$39.90M	$28.20M	$18.50M	$14.70M
YoY Change	17.11%	33.93%	38.08%	-13.02%	12.87%	22.61%	34.84%	18.92%	23.04%	29.52%	854.55%	-54.17%	-139.78%	-77.57%	715.15%	-121.95%	13.03%	41.49%	52.43%	25.85%	101.37%
Income Tax	$59.81M	$50.35M	$38.60M	$27.40M	$33.00M	$27.70M	$31.00M	$23.30M	$20.50M	$16.30M	$12.30M	-$20.60M	-$5.000M	-$700.0K	-$8.100M	-$4.900M	$18.70M	$16.50M	$11.40M	$7.400M	$5.700M
% Of Pretax Income	28.5%	28.1%	28.85%	28.28%	29.62%	28.06%	38.51%	39.03%	40.84%	39.95%	39.05%	-624.24%	-69.44%				41.46%	41.35%	40.43%	40.0%	38.78%
Net Earnings	$150.0M	$128.8M	$95.20M	$69.50M	$78.40M	$71.00M	$43.40M	$36.40M	$29.70M	$24.60M	$19.20M	$23.90M	$12.20M	-$17.40M	-$72.50M	-$5.000M	$26.50M	$23.40M	$16.80M	$11.20M	$9.000M
YoY Change	16.45%	35.34%	36.98%	-11.35%	10.42%	63.59%	19.23%	22.56%	20.73%	28.13%	-19.67%	95.9%	-170.11%	-76.0%	1350.0%	-118.87%	13.25%	39.29%	50.0%	24.44%	104.55%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share	$10.52	$8.700M	$6.389M	$4.664M	$5.192M	$4.702M	$2.993M	$2.600M	$2.168M	$1.809M	$1.433M	$1.811M	$938.5K	-$12.43M	-$31.52M	-$2.500M	$12.62M	$11.14M	$8.400M	$6.588M	$5.294M

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003
Cash & Short-Term Investments
YoY Change
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
Property, Plant & Equipment	$31.74M	$30.72M	$32.50M	$27.90M	$29.30M	$7.500M	$5.700M	$5.300M	$5.600M	$4.100M	$4.200M	$4.400M	$4.800M	$5.400M	$6.300M	$7.200M	$4.700M	$1.700M	$1.800M	$1.400M	$1.100M
YoY Change	3.34%	-5.49%	16.49%	-4.78%	290.67%	31.58%	7.55%	-5.36%	36.59%	-2.38%	-4.55%	-8.33%	-11.11%	-14.29%	-12.5%	53.19%	176.47%	-5.56%	28.57%	27.27%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$44.45M	$39.75M	$26.70M	$24.50M	$19.60M	$19.60M	$17.50M	$26.60M	$23.80M	$21.40M	$23.30M	$27.00M	$7.000M	$0.00	$3.600M	$25.90M	$12.30M	$9.500M	$8.700M	$3.800M
YoY Change	11.83%	48.86%	8.98%	25.0%	0.0%	12.0%	-34.21%	11.76%	11.21%	-8.15%	-13.7%	285.71%		-100.0%	-86.1%	110.57%	29.47%	9.2%	128.95%
Total Long-Term Assets
YoY Change
Total Assets	$6.659B	$6.422B	$6.046B	$5.144B	$4.629B	$4.216B	$3.770B	$3.222B	$2.599B	$2.054B	$1.769B	$1.555B	$1.310B	$1.256B	$1.307B	$1.483B	$1.543B	$1.349B	$1.137B	$907.3M	$761.8M
YoY Change
Accounts Payable	$16.12M	$2.608M	$700.0K	$1.200M	$3.300M	$6.800M	$3.800M	$3.200M	$1.900M	$1.400M	$1.000M	$1.000M	$1.300M	$1.700M	$2.900M	$5.400M	$5.500M	$5.300M	$3.100M	$10.10M	$10.70M
YoY Change	518.25%	272.57%	-41.67%	-63.64%	-51.47%	78.95%	18.75%	68.42%	35.71%	40.0%	0.0%	-23.08%	-23.53%	-41.38%	-46.3%	-1.82%	3.77%	70.97%	-69.31%	-5.61%
Accrued Expenses	$19.77M	$20.95M	$22.90M	$18.70M	$20.50M
YoY Change	-5.65%	-8.52%	22.46%	-8.78%
Deferred Revenue
YoY Change
Short-Term Debt																	$36.00M	$0.00	$1.500M	$0.00
YoY Change																		-100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$35.89M	$23.56M	$23.60M	$19.90M	$23.80M	$6.800M	$3.800M	$3.200M	$1.900M	$1.400M	$1.000M	$1.000M	$1.300M	$1.700M	$2.900M	$5.400M	$5.500M	$5.300M	$3.100M	$10.10M	$10.70M
YoY Change	52.35%	-0.18%	18.59%	-16.39%	250.0%	78.95%	18.75%	68.42%	35.71%	40.0%	0.0%	-23.08%	-23.53%	-41.38%	-46.3%	-1.82%	3.77%	70.97%	-69.31%	-5.61%
Long-Term Debt	$148.2M	$148.0M	$147.8M	$99.30M	$99.20M	$99.10M	$99.00M	$98.80M	$0.00	$0.00	$0.00	$0.00	$26.00M	$26.00M	$26.00M	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change	0.16%	0.13%	48.84%	0.1%	0.1%	0.1%	0.2%					-100.0%	0.0%	0.0%
Other Long-Term Liabilities	$70.39M	$63.51M	$52.60M	$52.90M	$44.80M	$42.80M	$35.70M	$30.50M	$18.70M	$21.30M	$9.700M	$6.600M	$6.100M	$5.500M	-$1.151B	$24.20M	$15.00M	$16.00M	$12.20M	$1.300M
YoY Change	10.84%	20.74%	-0.57%	18.08%	4.67%	19.89%	17.05%	63.1%	-12.21%	119.59%	46.97%	8.2%	10.91%	-100.48%	-4857.85%	61.33%	-6.25%	31.15%	838.46%
Total Long-Term Liabilities	$218.6M	$211.5M	$200.4M	$152.2M	$144.0M	$141.9M	$134.7M	$129.3M	$18.70M	$21.30M	$9.700M	$6.600M	$32.10M	$31.50M	-$1.125B	$24.20M	$15.00M	$16.00M	$12.20M	$1.300M	$0.00
YoY Change	3.37%	5.54%	31.67%	5.69%	1.48%	5.35%	4.18%	591.44%	-12.21%	119.59%	46.97%	-79.44%	1.9%	-102.8%	-4750.41%	61.33%	-6.25%	31.15%	838.46%
Total Liabilities	$5.964B	$5.794B	$5.460B	$4.618B	$4.159B	$3.800B	$3.415B	$2.924B	$2.335B	$1.819B	$1.562B	$1.367B	$1.152B	$1.115B	$1.221B	$1.346B	$1.390B	$1.203B	$1.013B	$830.5M	$694.1M
YoY Change	2.94%	6.12%	18.22%	11.05%	9.44%	11.27%	16.81%	25.22%	28.34%	16.46%	14.26%	18.69%	3.34%	-8.75%	-9.24%	-3.17%	15.53%	18.76%	21.96%	19.65%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003
Basic Shares Outstanding
Diluted Shares Outstanding
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $1.2666 Billion

About Preferred Bank

Preferred Bank operates as an independent commercial bank. The company is headquartered in Los Angeles, California and currently employs 300 full-time employees. The company went IPO on 2005-02-15. The Bank provides a range of financial services. The Bank offers a range of deposit and loan products and services to both commercial and consumer customers. The Bank provides personalized deposit services as well as real estate finance, commercial loans and trade finance to small and mid-sized businesses, entrepreneurs, real estate developers, professionals, and high net worth individuals. The Bank conducts its banking business from its main office in Los Angeles, California, and through 11 full-service branch banking offices in California (Alhambra, Century City, City of Industry, Torrance, Arcadia, Irvine, Diamond Bar, Pico Rivera, Tarzana, and San Francisco) and one branch in Flushing, New York. In addition, the Bank operates a loan production office in the Houston, Texas suburb of Sugar Land. Its business activities come from the mainstream markets of Southern and Northern California.

Industry: UNKNOWN Peers: BANC OF CALIFORNIA, INC. Customers Bancorp, Inc. First Foundation Inc. GERMAN AMERICAN BANCORP, INC. LAKELAND BANCORP INC NICOLET BANKSHARES INC PNC FINANCIAL SERVICES GROUP, INC. TOMPKINS FINANCIAL CORP