Preferred Bank Reports Lower Than Expected Q4 Earnings

LOS ANGELES (AP) - Preferred Bank (PFBC) reported fourth-quarter earnings of $30.2 million, or $2.25 per share, missing analysts' estimates of $2.42 per share, as per Zacks Investment Research.

Revenue for the period reached $129.5 million, with net revenue after interest expenses totaling $72.8 million, exceeding Street forecasts.