Preferred Bank Q2 FY26 net income rises 7.69% to $33.5 million
PFBC•Preferred Bank reports higher Q2 net income and EPS
- Preferred Bank posted Q2 net income of $33.5 million, up $2.4 million from Q1; diluted EPS rose to $2.78.
- Net interest income before credit-loss provision climbed to $70 million, lifting net interest margin to 3.73% from 3.57% in Q1.
- Noninterest income fell to $3.5 million from $4.3 million in Q1, reflecting a $874,000 loss on loan sales.
- Total loans grew $124.8 million, or 2%, from Q1; deposits increased $52.1 million, or 0.8%.
- Nonperforming loans dropped $70.2 million, or 41.5%, from Q1; the provision for credit losses eased to $1.2 million.
