Detail akcie Preferred Bank online

Business Summary: Preferred Bank is an independent commercial bank focusing primarily on the California market. The Bank provides a range of financial services. The Bank offers a range of deposit and loan products and services to both commercial and consumer customers. The Bank provides personalized deposit services as well as real estate finance, commercial loans and trade finance to small and mid-sized businesses, entrepreneurs, real estate developers, professionals, and high net worth individuals. The Bank conducts its banking business from its main office in Los Angeles, California, and through 11 full-service branch banking offices in California (Alhambra, Century City, City of Industry, Torrance, Arcadia, Irvine, Diamond Bar, Pico Rivera, Tarzana, and San Francisco) and one branch in Flushing, New York. In addition, the Bank operates a loan production office in the Houston, Texas suburb of Sugar Land. Its business activities come from the mainstream markets of Southern and Northern California.
Financial Summary: BRIEF: For the fiscal year ended 31 December 2023, Preferred Bank interest income increased 62% to $478M. Net interest income after loan loss provision increased 16% to $279.4M. Net income applicable to common stockholders increased 16% to $150M. Net interest income after loan loss provision reflects Financial services segment increase from $0K to $279.4M, United States segment increase from $0K to $279.4M, Net Interest Margin.