💨 Abstract

Preferred Bank (PFBC) reported Q1 profit of $30 million with earnings per share at $2.23, missing analyst expectations of $2.33. Revenue was $118.5 million, and revenue net of interest expense was $66.7 million, also falling short of forecasts. The Los Angeles-based bank's results were generated by Automated Insights using data from Zacks Investment Research.

Courtesy: wtop.com

Summarized by Einstein Beta 🤖