Overview

* Preferred Bank ( PFBC ) Q2 net income rises to $32.8 mln, up from prior qtr

* Net interest margin improves to 3.85% from 3.75% last qtr

* Total loans increased by $105.2 mln or 1.9% quarter-over-quarter

Outlook

* Preferred Bank ( PFBC ) notes clearer operating environment due to reduced tariff uncertainty

* Company plans for future growth amid improved market conditions

Result Drivers

* NET INTEREST INCOME - Increase driven by reversal of interest income from non-accrual loans

* LOAN GROWTH - Total loans increased by $105.2 mln, contributing to higher net interest income

* NONINTEREST EXPENSE - Rise due to $1.3 mln write-down of Santa Barbara OREO property

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 EPS $2.52

Q2 Net $32.85

Income mln

Q2 Net $66.87

Interest mln

Income

Q2 Net 3.8%

Interest

Margin

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)