Preferred Bank
NASDAQ Global SelectCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Li Yu
- Full Time Employees
- 324
- Sector
- Financial Services
- Industry
- Banks - Regional
- Address
- 601 South Figueroa Street Los Angeles CA United States of America 90017
- IPO Date
- Aug 19, 1999
- CIK
- 0001492165
- Website
- preferredbank.com
- Similar Companies
- Business
- Preferred Bank (NASDAQ: PFBC), one of the larger independent commercial banks headquartered in Los Angeles, California, operates as a full-service institution founded in 1991, providing deposit products and lending services primarily to small and mid-sized businesses, entrepreneurs, real estate developers, professionals, and high net worth individuals across Southern California, the San Francisco Bay Area, New York, and Houston, Texas. Deposit products include checking, savings, and money market accounts; fixed-rate and fixed-maturity retail and non-retail certificates of deposit; and individual retirement accounts. Lending encompasses real estate mortgage and construction loans secured by retail, industrial, office, special purpose, and residential single- and multi-family properties; commercial loans such as working capital lines of credit, term loans for capital expenditures, and standby letters of credit; small business administration loans for owner-occupied real estate, acquisitions, start-ups, franchises, improvements, inventory, equipment, and debt refinancing; and trade finance services featuring commercial and export letters of credit, import lines of credit, documentary collections, international wire transfers, acceptances, trust receipt financing, export financing, and bills purchase programs. The bank also offers treasury management services including account reconciliation, remote deposit, cash and check courier services, merchant processing, and ACH credit origination; internet, mobile, and tablet banking; debit and credit cards; and eStatements, with specialized focus on middle-market businesses, professional services clientele, international private banking for Pacific Rim clients, and international market businesses involving importers and exporters. In 2025, Preferred Bank received regulatory approval to continue and complete its shareholder-approved $150 million share repurchase plan after repurchasing $84.3 million through 2024, acquiring 1.3 million shares at an average price of $63.94, and subsequently launched a new $125 million stock buyback program approved by shareholders in May with an initial $50 million tranche, alongside declaring quarterly cash dividends of $0.75 per share; the bank plans to open a new Silicon Valley branch in the second half of 2025 to support geographic expansion amid improving asset quality and 7% annualized loan growth in Q2 2025.
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