Preferred Bank provides various banking products and services to small and mid-sized businesses, entrepreneurs, real estate developers, professionals, and high net worth individuals. The company accepts checking, savings, and money market deposit accounts; fixed-rate and fixed maturity retail, and non-retail certificates of deposit; and individual retirement accounts. It also provides real estate mortgage loans that are secured by retail, industrial, office, special purpose, and residential single and multi-family properties; real estate construction loans; commercial loans, including lines of credit for working capital, term loans for capital expenditures, and commercial and stand-by letters of credit; and small business administration loans for business purposes, such as owner-occupied commercial real estate, business acquisitions, start-ups, franchise financing, working capital, improvements and renovations, inventory and equipment, and debt-refinancing. In addition, the company offers trade finance services, including 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. Further, it provides cash management services; and internet, mobile, and tablet banking services. The company was incorporated in 1991 and is headquartered in Los Angeles, California.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $283M | - | $134M | $167M | 16.9% | -0.2% | 2.3% |
| 2024 | $284M | - | $131M | $164M | 17.1% | -3.1% | -12.9% |
| 2023 | $293M | - | $150M | $173M | 21.6% | 15.2% | 16.4% |
| 2022 | $254M | - | $129M | $143M | 20.4% | - | - |
| 2021 | - | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 254.40 | 293.14 | 283.96 | 283.40 |
| Pretax Income | - | 179.20 | 209.85 | 184.03 | 189.55 |
| Tax Provision | - | 50.35 | 59.81 | 53.37 | 55.92 |
| Net Income | - | 128.84 | 150.04 | 130.66 | 133.63 |
| Net Income Common Stockholders | - | 128.84 | 150.04 | 130.66 | 133.63 |
| Interest Expense | - | 47.02 | 188.61 | 236.47 | 215.64 |
| Interest Income | - | 294.38 | 477.99 | 509.10 | 486.46 |
| Selling General And Administration | - | 49.42 | 52.05 | 54.90 | 57.53 |
| Normalized Income | - | 130.87 | 152.43 | 132.25 | 135.98 |
| Market Cap | 1,138.83 | 1,138.83 | 1,138.83 | 1,138.83 | 1,138.83 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Preferred Bankthis co. | PFBC | - | 8.52β discount | 1.44 | 16.9% | - |
| Silvercrest Asset Management Group Inc. | SAMG | $107M | 23.59 | 2.04 | 5.8% | 9.86 |
| Sound Financial Bancorp, Inc. | SFBC | $98M | 14.04 | 0.96 | 6.5% | - |
| Kestrel Group Ltd | KG | $89M | 1.12 | 0.58 | 36.4% | - |
| Vroom, Inc. | VRM | $80M | - |
| - |
| - |
| - |
| - |
| 0.69 |
| -45.5% |
| 57.65 |
| Siebert Financial Corp. | SIEB | $72M | 13.46 | 0.79 | 5.7% | - |
| eHealth, Inc. | EHTH | $62M | - | 0.10 | 6.8% | 7.11 |
| MarketWise, Inc. | MKTW | $47M | 7.64 | -3.69 | -2.6% | -3.48 |
| GoHealth, Inc. | GOCO | $31M | - | 0.45 | 4834.1% | -7.69 |
| Peer Median | - | 13.46 | 0.63 | 6.1% | 7.11 | |