Preferred Bank Beats Q3 Diluted EPS Estimates
PFBC Preferred Bank (Los Angeles, CA)
$106.72 -1.75%
View chart & analysis → - 1Preferred Bank reported Q3 diluted earnings per share of $2.73, exceeding the consensus estimate of $2.69.
- 2Preferred Bank recorded a Q3 net income of $32.9 million, representing a 3.9% decrease in revenue compared to the previous year.
- 3CEO Lee admitted that the resolution process is progressing slower than expected.
So what's the key point?
Preferred Bank earned more money than experts expected. However, profits decreased by 3.9% from last year, and the resolution process is reportedly moving slowly.
Source Earnings Whispers · View original ↗
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