08:43 AM EDT, 04/23/2024 (MT Newswires) -- Preferred Bank ( PFBC ) reported Q1 earnings Tuesday of $2.44 per diluted share, down from $2.61 a year earlier.

Analysts polled by Capital IQ expected $2.38.

Revenue for the quarter ended March 31, expressed as the sum of net interest income and total noninterest income, was $71.6 million, down from $72.6 million a year earlier.

Analysts surveyed by Capital IQ expected $69.4 million.

The company's shares were up 1.5% in recent Tuesday premarket activity.