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EarningsQ2 2026 Earnings Report
PFBC Q2 2026 EPS Results
Actual EPS$2.78
Consensus EPS$2.65
Beat/MissBeat by +$0.13
One Year Ago EPS$2.52
PFBC Q2 2026 Revenue Results
Actual Revenue$125.75M
Expected Revenue$73.60M
Beat/MissBeat by +$52.15M
YoY Revenue Growth+0.05%
Earnings Announcement Details
QuarterQ2 2026
Date07/22/2026
TimeBefore Open
Conference CallWednesday, July 22, 2026
PFBC Upcoming Earnings
Preferred Bank's next earnings date is estimated for October 23, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
PFBC Q2 2026 Earnings Call
0:00 / 0:00
Q2 2026 Earnings Slide Deck
No slide deck is available for this earnings event.
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented several positive operational and credit developments—notably strong net income, significant reductions in nonperforming and criticized loans, solid loan origination, and stable efficiency—while also acknowledging tangible headwinds: stiff deposit competition, deposit cost pressure (including large upcoming CD repricing), elevated legal/ professional expenses, and anticipated margin compression. Overall the positives (profitability, credit improvement, active pipeline) modestly outweigh the negatives, though management expects continued vigilance on funding and pricing.Company Guidance
Strong Quarterly Profitability
Net income for Q2 2026 was $33.5 million ($2.78 per share), which compared favorably to the prior quarter and year-ago quarter and exceeded internal budgetary expectations.
Material Reduction in Problem Assets
Nonperforming loans were reduced by $70 million, a 41.5% decline during the quarter; criticized loans were reduced by $90 million, a 34% decline, allowing a lower reserve requirement and a modest provision expense of $1.2 million for the quarter.
Solid Loan Production
Loans increased $125 million quarter-over-quarter; management noted actual origination was strong after accounting for approximately $70 million of loans sold, and the loan pipeline remains active.
Healthy Net Interest Margin (Adjusted)
Reported NIM was 3.73% (benefited by interest recovery); on an adjusted basis stripping out interest recoveries NIM was 3.60% for Q2.
Efficiency and Funding Mix
Efficiency ratio remained steady at 32%. Growth in DDA helped keep deposit costs down, supporting funding efficiency.
Manageable Allowance Coverage
Allowance for loan losses was 1.22% of total loans at quarter end; management believes the reserve level is appropriate given recent credit improvements and expects it to remain roughly stable barring material changes.
Planned Resolution of Remaining NPLs
Management expects remaining nonperforming loans totaling approximately $60 million to be resolved in the second half of 2026 (timing dependent on bankruptcy proceedings).
PFBC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed