Preferred Bank beats estimates with Q2 net income of $33.5 million

PFBC Preferred Bank (Los Angeles, CA)

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1. 1Los Angeles-based Preferred Bank (PFBC) reported Q2 net income of $33.5 million and EPS of $2.78
2. 2Topped the Zacks average estimate of $2.65 per share from 5 analysts; revenue came in at $125.9 million
3. 3However, net revenue after interest expense was $73.5 million, falling short of the $73.7 million estimate from 3 analysts

Source Associated Press +1 · View original ↗

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