PFBC

MKT CAP:$1B

Preferred Bank

Market Cap

$1B

Financial Services·Banks - Regional·🇺🇸 United States·NASDAQ

Financials·Banks - Regional·🇺🇸·NASDAQ

Stock Price

$94.97-$0.97 (-1.01%)

Apr 23, 2026

Company Details

Preferred Bank provides various commercial banking products and services to small and mid-sized businesses and their owners, entrepreneurs, real estate developers and investors, professionals, and high net worth individuals in the United St...

CEO

Li Yu

IPO Date

Aug 19, 1999

Website

www.preferredbank.com

Key Metrics TTM

Revenue

$505M

-0.9% YoY

Net Income

$135M

EPS (Diluted)

$10.73

Free Cash Flow

$167M

Revenue / Share

$41.07

Gross Margin

55.4%

Operating Margin

37.9%

Net Margin

26.7%

FCF Margin

33.0%

P/S

2.3x

P/E

8.5x

Earnings Reports

Q1 2026

Mar 30, 2026

$121M+1.9%EPS $2.53

FY 2025

Dec 30, 2025

$499M-4.1%EPS $10.41

Q4 2025

Dec 30, 2025

$129M+1.6%EPS $2.79

Q3 2025

Sep 29, 2025

$131M-1.8%EPS $2.84

Q2 2025

Jun 29, 2025

$124M-5.0%EPS $2.57

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q2 22	$65M	$56M	$39M
Q3 22	$81M	$66M	$49M
Q4 22	$98M	$72M	$55M
Q1 23	$108M	$72M	$53M
Q2 23	$122M	$74M	$53M
Q3 23	$129M	$72M	$53M
Q4 23	$124M	$65M	$50M
Q1 24	$130M	$67M	$47M
Q2 24	$131M	$67M	$47M
Q3 24	$133M	$69M	$47M
Q4 24	$127M	$69M	$43M
Q1 25	$119M	$66M	$43M
Q2 25	$124M	$69M	$47M
Q3 25	$131M	$72M	$51M
Q4 25	$129M	$70M	$49M
Q1 26	$121M	$68M	$45M

Valuation

Quarter	P/S	P/E
Q2 22	4.3x	9.5x
Q3 22	3.6x	8.2x
Q4 22	3.4x	8.0x
Q1 23	2.2x	5.6x
Q2 23	1.9x	5.2x
Q3 23	1.8x	5.5x
Q4 23	2.0x	6.5x
Q1 24	2.0x	7.1x
Q2 24	2.0x	7.2x
Q3 24	2.1x	7.9x
Q4 24	2.2x	8.9x
Q1 25	2.2x	8.8x
Q2 25	2.3x	9.1x
Q3 25	2.3x	9.0x
Q4 25	2.4x	9.2x
Q1 26	2.2x	8.1x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	$32M	$32M
Q2 22	$30M	$30M
Q3 22	$45M	$45M
Q4 22	$37M	$36M
Q1 23	$53M	$53M
Q2 23	$63M	$62M
Q3 23	$59M	$59M
Q4 23	$198.0K	-$1M
Q1 24	$43M	$42M
Q2 24	$26M	$26M
Q3 24	$56M	$56M
Q4 24	$40M	$40M
Q1 25	$45M	$44M
Q2 25	$26M	$25M
Q3 25	$11M	$11M
Q4 25	$87M	$86M

Capital Expenditures

Quarter	CapEx
Q1 22	$142.0K
Q2 22	$57.0K
Q3 22	$89.0K
Q4 22	$68.0K
Q1 23	$211.0K
Q2 23	$495.0K
Q3 23	$319.0K
Q4 23	$1M
Q1 24	$841.0K
Q2 24	$94.0K
Q3 24	$212.0K
Q4 24	$228.0K
Q1 25	$331.0K
Q2 25	$177.0K
Q3 25	$162.0K
Q4 25	$681.0K

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 22	+25.0%	+18.6%
Q3 22	+42.9%	+60.8%
Q4 22	+73.3%	+125.2%
Q1 23	+88.5%	+162.1%
Q2 23	+86.5%	+161.5%
Q3 23	+59.4%	+136.6%
Q4 23	+25.8%	+69.5%
Q1 24	+20.0%	+50.5%
Q2 24	+7.6%	+21.8%
Q3 24	+3.4%	+14.4%
Q4 24	+2.9%	+15.1%
Q1 25	-8.5%	-7.9%
Q2 25	-5.0%	-6.9%
Q3 25	-1.8%	-7.4%
Q4 25	+1.6%	-5.7%
Q1 26	+1.9%	+0.4%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$1M	2.4%
Q2 22	$2M	3.0%
Q3 22	$1M	1.7%
Q4 22	$4M	3.7%
Q1 23	$1M	1.2%
Q2 23	$2M	1.6%
Q3 23	$1M	1.0%
Q4 23	$1M	1.0%
Q1 24	$3M	2.6%
Q2 24	$2M	1.4%
Q3 24	$2M	1.4%
Q4 24	$2M	1.7%
Q1 25	$4M	3.2%
Q2 25	$2M	1.7%
Q3 25	$2M	1.7%
Q4 25	$2M	1.6%

OpEx Breakdown

Quarter	G&A	S&M
Q2 22	$12M	$176.0K
Q3 22	$12M	$214.0K
Q4 22	$11M	$811.0K
Q1 23	$14M	$105.0K
Q2 23	$13M	$200.0K
Q3 23	$13M	$193.0K
Q4 23	$12M	$239.0K
Q1 24	$14M	$266.0K
Q2 24	$13M	$403.0K
Q3 24	$14M	$241.0K
Q4 24	$13M	$340.0K
Q1 25	$15M	$462.0K
Q2 25	$14M	$240.0K
Q3 25	$14M	$238.0K
Q4 25	$16M	$163.0K
Q1 26	$18M	—

War Chest

Quarter	Cash	Short-term Investments	Total
Q2 22	$749M	$401M	$1.1B
Q3 22	$729M	$378M	$1.1B
Q4 22	$748M	$428M	$1.2B
Q1 23	$866M	$367M	$1.2B
Q2 23	$1.0B	$353M	$1.4B
Q3 23	$999M	$336M	$1.3B
Q4 23	$891M	$314M	$1.2B
Q1 24	$917M	$333M	$1.3B
Q2 24	$896M	$332M	$1.2B
Q3 24	$782M	$337M	$1.1B
Q4 24	$766M	$3.0K	$766M
Q1 25	$905M	$65.0K	$905M
Q2 25	$776M	$62.0K	$776M
Q3 25	$795M	$39.0K	$795M
Q4 25	$807M	$0	$807M
Q1 26	$805M	$0	$805M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q2 22	15M	+0.2%	+0.3%
Q3 22	15M	-2.4%	-1.6%
Q4 22	15M	-0.2%	-1.8%
Q1 23	15M	-0.1%	-2.5%
Q2 23	15M	-0.3%	-3.0%
Q3 23	14M	-3.1%	-3.7%
Q4 23	14M	-2.1%	-5.6%
Q1 24	14M	-0.5%	-5.9%
Q2 24	14M	-1.4%	-7.0%
Q3 24	14M	-0.0%	-4.0%
Q4 24	13M	-0.8%	-2.6%
Q1 25	13M	+0.1%	-2.1%
Q2 25	13M	-3.1%	-3.8%
Q3 25	13M	-3.1%	-6.7%
Q4 25	12M	-1.2%	-7.2%
Q1 26	12M	-1.5%	-8.6%

Shares Outstanding