Quarterly ResultJul 22, 2026, 08:02 AM

Preferred Bank Q2 Net Income $33.5M, EPS $2.78

AI Summary

Preferred Bank reported strong second-quarter 2026 results with net income of $33.5 million, or $2.78 per diluted share, an increase from both the prior quarter and the same quarter last year. The bank saw significant improvements in asset quality, with non-performing loans decreasing by 41.5%, alongside growth in total loans and deposits. Net interest margin expanded to 3.73%, and the efficiency ratio improved to 32.3%.

Key Highlights

Net income for Q2 2026 was $33.5 million, up $2.4 million from prior quarter.
Diluted earnings per share for Q2 2026 was $2.78.
Total loans increased by $124.8 million or 2.0% linked quarter to $6.25 billion.
Total deposits increased by $52.1 million or 0.8% linked quarter to $6.47 billion.
Non-performing loans decreased by $70.2 million or 41.5% from March 31, 2026.
Net interest margin expanded to 3.73% for the quarter.
Efficiency ratio for the quarter was 32.3%.

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