Preferred Bank (PFBC) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 26	$2.65	$2.78	+4.9%	—	—	—
Q1 26	$2.46	$2.53	+2.8%	—	$69.6M	—
Q4 25	$2.79	$2.79	0.0%	—	$71.1M	—
Q2 25	$2.43	$2.52	+3.7%	—	$70.6M	—
Q1 25	$2.33	$2.23	-4.3%	—	$66.7M	—
Q4 24	$2.38	$2.25	-5.5%	—	$70.6M	—
Q3 24	$2.37	$2.46	+3.8%	—	$72.3M	—
Q2 24	$2.39	$2.48	+3.8%	—	$69.5M	—
Q1 24	$2.38	$2.44	+2.5%	—	$71.6M	—
Q4 23	$2.54	$2.64	+3.9%	—	$68.2M	—
Q3 23	$2.56	$2.71	+5.9%	—	$75.9M	—
Q2 23	$2.45	$2.61	+6.5%	—	$76.4M	—
Q1 23	$2.56	$2.61	+2.0%	—	$72.6M	—
Q4 22	$2.57	$2.71	+5.4%	—	$74.1M	—
Q3 22	$2.13	$2.4	+12.7%	—	$69M	—
Q2 22	$1.79	$1.87	+4.5%	—	$59M	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$10.6	—	—	$283.4M	—
FY24	—	$9.79	—	—	$284M	—
FY23	—	$10.6	—	—	$293.1M	—
FY22	—	$8.84	—	—	$254.4M

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$108.8M	$135M	$163M	$170.9M	$180.2M	$193.6M	$254.4M	$293.1M	$284M	$283.4M
YoY change	+23.3%	+24%	+20.8%	+4.83%	+5.46%	+7.44%	+31.4%	+15.2%	-3.13%	-0.2%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	108.8M	135M	163M	170.9M	180.2M	193.6M	254.4M	293.1M	284M	283.4M
Cost of revenue	—	—	—	—	—	—	—	—	—	—
Gross profit	—	—	—	—	—	—	—	—	—	—
Gross margin	—	—	—	—	—	—	—	—	—	—
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	28.1M	32.3M	37M	41.5M	40.1M	43.2M	49.4M	52.1M	54.9M	57.5M
Operating expenses	28.1M	32.3M	37M	41.5M	40.1M	43.2M	49.4M	52.1M	54.9M	57.5M
Operating income	59.7M	—	—	—	—	—	—	—	—	—
Operating margin	54.9%	—	—	—	—	—	—	—	—	—
Non-operating income, net	—	—	—	—	—	—	—	—	—	—
Pretax income	59.7M	80.5M	98.7M	111.4M	96.9M	133.8M	179.2M	209.9M	184M	189.5M
Income tax	23.3M	37.1M	27.7M	33M	27.4M	38.6M	50.4M	59.8M	53.4M	55.9M
Net income	36.4M	43.4M	71M	78.4M	69.5M	95.2M	128.8M	150M	130.7M	133.6M
Net margin	33.4%	32.2%	43.5%	45.9%	38.5%	49.2%	50.6%	51.2%	46%	47.2%
EBITDA	—	—	—	—	—	—	—	—	—	—
EPS	2.58	2.97	4.64	5.16	4.65	6.41	8.84	10.6	9.79	10.6
Diluted EPS	2.56	2.96	4.64	5.16	4.65	6.41	8.7	10.5	9.64	10.4

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q2 23	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26
Revenue	76.4M	75.9M	68.2M	71.6M	69.5M	72.3M	70.6M	66.7M	70.6M	75M	71.1M	69.6M
Cost of revenue	—	—	—	—	—	—	—	—	—	—	—	—
Gross profit	—	—	—	—	—	—	—	—	—	—	—	—
Gross margin	—	—	—	—	—	—	—	—	—	—	—	—
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	12.7M	13.2M	12.3M	14.2M	13.3M	13.8M	13.6M	15.3M	14.5M	14.5M	13.3M	15.7M
Operating expenses	12.7M	13.2M	12.3M	14.2M	13.3M	13.8M	13.6M	15.3M	14.5M	14.5M	13.3M	15.7M
Operating income	—	—	—	—	—	—	—	—	—	—	—	—
Operating margin	—	—	—	—	—	—	—	—	—	—	—	—
Non-operating income, net	—	—	—	—	—	—	—	—	—	—	—	—
Pretax income	53.1M	53.4M	50.1M	47.1M	47.3M	47M	42.6M	42.6M	46.6M	51M	49.4M	44.6M
Income tax	15.1M	15.2M	14.3M	13.7M	13.7M	13.6M	12.3M	12.6M	13.7M	15M	14.6M	13.4M
Net income	37.9M	38.2M	35.8M	33.5M	33.6M	33.4M	30.2M	30M	32.8M	35.9M	34.8M	31.1M
Net margin	49.6%	50.3%	52.6%	46.8%	48.3%	46.2%	42.8%	45%	46.5%	47.9%	49%	44.7%
EBITDA	—	—	—	—	—	—	—	—	—	—	—	—
EPS	2.63	2.74	—	2.48	2.51	2.5	—	2.27	2.61	2.9	—	2.57
Diluted EPS	2.61	2.71	—	2.44	2.48	2.46	—	2.23	2.57	2.84	—	2.53

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	727.8M	848.7M	652.7M	905M	751.3M	1.1B	1.1B	1B	1.2B	1.2B	1.3B
Enterprise value	347M	319.1M	43.9M	285.4M	-109.9M	-244.7M	81M	-7M	552.9M	766M	890M
Shares outstanding	13.9M	14.4M	15.1M	15.1M	14.9M	14.9M	14.6M	14.1M	13.3M	12.6M	12.6M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	20	19.6	9.19	11.5	10.8	11.2	8.44	6.86	8.82	8.9	10.2
P/S	6.69	6.29	4	5.3	4.17	5.51	4.28	3.51	4.06	4.2	4.53
P/B	2.44	2.39	1.57	1.93	1.43	1.82	1.73	1.48	1.51	1.51	1.64
EV/Sales	3.19	2.36	0.27	1.67	-0.61	-1.26	0.32	-0.02	1.95	2.7	3.1
Earnings yield	5%	5.11%	10.9%	8.66%	9.25%	8.92%	11.8%	14.6%	11.3%	11.2%	9.78%
FCF yield	7.14%	6.11%	14.7%	8.89%	13.6%	11.2%	13.2%	16.8%	14.2%	14%	10.3%
PEG	—	—	—	—	—	—	—	—	—	—	0.77

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Operating margin	54.9%	—	—	—	—	—	—	—	—	—	67.4%
Net margin	33.4%	32.2%	43.5%	45.9%	38.5%	49.2%	50.6%	51.2%	46%	47.2%	47.3%
ROE	12.2%	12.2%	17%	16.7%	13.2%	16.2%	20.4%	21.6%	17.1%	16.9%	17.6%
ROA	—	—	—	—	—	—	—	—	1.89%	1.76%	1.8%
ROIC	-44%	—	—	—	—	—	—	—	—	—	—
Return on tangible assets	—	—	—	—	—	—	—	—	1.89%	1.76%	1.76%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Debt / equity	0.42	0.3	0.24	0.25	0.22	0.29	0.27	0.24	0.22	0.49	0
Debt / assets	—	—	—	—	—	—	—	—	0.02	0.05	0.05
Effective tax rate	39.1%	46.1%	28.1%	29.7%	28.3%	28.8%	28.1%	28.5%	29%	29.5%	29.6%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	7.84	9.35	10.8	11.3	12.1	13	17.4	20.8	21.3	22.5	23.6
EPS (basic)	2.58	2.97	4.64	5.16	4.65	6.41	8.84	10.6	9.79	10.6	10.6
EPS (diluted)	2.56	2.96	4.64	5.16	4.65	6.41	8.7	10.5	9.64	10.4	10.7
Book value per share	21.5	24.6	27.7	31.2	35.3	39.5	43.2	49.3	57.2	62.7	66.9
FCF per share	3.74	3.59	6.39	5.34	6.87	8.01	9.84	12.3	12.3	13.2	13.6
Cash per share	36.5	44	47.1	49.1	65.8	99.7	80.7	85.5	57.4	64.1	66.6
Capex per share	0.05	0.09	0.18	0.4	0.1	0.04	0.02	0.17	0.07	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	0.59%	1.01%	1.7%	3.56%	0.83%	0.31%	0.14%	0.82%	0.32%	—	—
Capex / operating cash flow	1.32%	2.7%	3.04%	7.01%	2.04%	0.49%	0.25%	1.46%	0.58%	—	—
Payout ratio	23.2%	25.4%	22%	23.3%	25.8%	22.5%	19.5%	20.8%	28.7%	28.6%	36%
Dividend yield	1.16%	1.3%	2.39%	2.02%	2.38%	2.01%	2.31%	3.02%	3.25%	3.22%	2.93%

Yield

2.93%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.80

ex-dividend Oct 5, 2026

Payout ratio

36%

of earnings

Dividend growth

5 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Oct 5, 2026upcoming	$0.80
Jul 7, 2026	$0.80
Apr 7, 2026	$0.80
Jan 6, 2026	$0.80
Oct 7, 2025	$0.75

Period	Q2 23	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26
Revenue	$76.4M	$75.9M	$68.2M	$71.6M	$69.5M	$72.3M	$70.6M	$66.7M	$70.6M	$75M	$71.1M	$69.6M
YoY change	+29.5%	+10.1%	-8.02%	-1.49%	-9.03%	-4.77%	+3.55%	-6.86%	+1.62%	+3.69%	+0.79%	+4.45%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	506.2M	635M	709.2M	739.3M	979.1M	1.5B	1.2B	1.2B	765.5M	807.1M
Receivables	9.6M	11.3M	14.3M	15M	23.7M	14.6M	23.6M	33.9M	33.6M	34.2M
Inventory	—	—	—	—	—	—	—	—	—	—
Total current assets	—	—	—	—	—	—	—	—	—	—
Property, plant & equipment	5.3M	5.7M	7.5M	29.3M	27.9M	32.5M	30.7M	31.7M	21.6M	38.6M
Goodwill & intangibles	—	—	—	—	—	—	—	—	—	—
Total assets	—	—	—	—	—	—	—	—	6.9B	7.6B
Accounts payable	3.2M	3.8M	6.8M	3.3M	1.2M	715K	2.6M	16.1M	16.5M	16.5M
Short-term debt	—	—	—	—	—	—	—	—	—	—
Total current liabilities	—	—	—	—	—	—	—	—	—	—
Long-term debt	125.4M	105.4M	100.4M	119.7M	118M	170.6M	168.9M	168M	165.5M	383.8M
Total liabilities	—	—	—	—	—	—	—	—	6.2B	6.8B
Shareholders' equity	298.1M	355M	416.7M	470M	525.4M	586.7M	630.4M	695.1M	763.2M	789.5M
Total debt	125.4M	105.4M	100.4M	119.7M	118M	170.6M	168.9M	168M	165.5M	383.8M
Net debt	-181M	-341.5M	-426.4M	-378.9M	-621.4M	-860M	-578.6M	-722.9M	-600.1M	-423.3M

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q2 23	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26
Cash & short-term investments	1.4B	1.3B	1.2B	1.3B	1.2B	1.1B	765.5M	905.2M	776.3M	795.5M	807.1M	805.2M
Receivables	28.2M	33.6M	33.9M	35.6M	36.6M	35.6M	33.6M	31.8M	31.8M	36.4M	34.2M	34.8M
Inventory	—	—	—	—	—	—	—	—	—	—	—	—
Total current assets	—	—	—	—	—	—	—	—	—	—	—	—
Property, plant & equipment	30.6M	29.2M	31.7M	33M	32.1M	39.7M	21.6M	28.6M	27.4M	34.8M	38.6M	38.6M
Goodwill & intangibles	—	—	—	—	—	—	—	—	—	—	—	—
Total assets	—	—	—	6.8B	6.8B	6.9B	6.9B	7.1B	7.3B	7.5B	7.6B	7.7B
Accounts payable	7M	12.5M	16.1M	15.7M	15.1M	16M	16.5M	14.6M	15.5M	15.7M	16.5M	16.8M
Short-term debt	—	—	—	—	—	—	—	—	—	—	—	—
Total current liabilities	—	—	—	—	—	—	—	—	—	—	—	—
Long-term debt	318.2M	166.6M	168M	168.5M	167.5M	175.1M	165.5M	172.6M	371.7M	379.7M	383.8M	383.1M
Total liabilities	—	—	—	6.1B	6.1B	6.1B	6.2B	6.3B	6.5B	6.7B	6.8B	6.9B
Shareholders' equity	668.8M	670.5M	695.1M	699.6M	723.1M	750.1M	763.2M	778.6M	747.7M	775.6M	789.5M	770.2M
Total debt	318.2M	166.6M	168M	168.5M	167.5M	175.1M	165.5M	172.6M	371.7M	379.7M	383.8M	383.1M
Net debt	-711.5M	-831.9M	-722.9M	-748.1M	-728.2M	-607.3M	-600.1M	-732.6M	-404.6M	-415.7M	-423.3M	-422M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	36.4M	43.4M	71M	78.4M	69.5M	95.2M	128.8M	150M	130.7M	133.6M
Depreciation & amortization	929K	990K	953K	1.3M	1.9M	1.9M	1.9M	1.7M	2.2M	1.7M
Stock-based compensation	2.4M	3.6M	8M	7.8M	8.9M	9.1M	8.4M	5.8M	9.2M	10.2M
Change in working capital	7.9M	-8.9M	7.8M	-5.4M	-8.5M	13.3M	-3M	-1M	7.4M	-693K
Operating cash flow	48.4M	50.4M	91.1M	86.8M	73.6M	122.5M	142.3M	165.1M	157.2M	168.1M
Capital expenditure	-641K	-1.4M	-2.8M	-6.1M	-1.5M	-603K	-356K	-2.4M	-919K	—
Investing cash flow	-44.6M	5.4M	-24.1M	-67.4M	-15.8M	-207.5M	-50.3M	95.4M	-38.3M	-200.6M
Dividends paid	-8.4M	-11M	-15.6M	-18.3M	-17.9M	-21.4M	-25.1M	-31.1M	-37.5M	-38.3M
Share repurchases	0	-14.1M	-1.3M	-20.5M	-2.4M	-17.7M	-33.3M	-55.2M	-38.2M	-93.1M
Financing cash flow	91.7M	-12.6M	-20.2M	-40.1M	-20.4M	8.5M	-58.4M	-86.4M	-75.7M	-131.4M
Net change in cash	95.5M	43.2M	46.7M	-20.8M	37.4M	-76.5M	33.6M	174.2M	43.2M	-163.8M
Free cash flow	52M	51.8M	96.2M	80.4M	102.3M	119M	143.4M	173M	163.6M	166.8M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q2 23	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26
Net income	37.9M	38.2M	35.8M	33.5M	33.6M	—	—	—	32.8M	35.9M	34.8M	31.1M
Depreciation & amortization	390K	460K	444K	573K	551K	—	—	—	432K	412K	387K	396K
Stock-based compensation	1.9M	1.3M	1.3M	3.4M	1.9M	—	—	—	2.1M	2.2M	2.1M	4M
Change in working capital	17.2M	14.4M	-40.5M	92K	-13.6M	14.1M	-9.7M	6.1M	-15.4M	-32.9M	44.4M	6.1M
Operating cash flow	59.6M	56.7M	3.2M	39.8M	24.8M	14.1M	-9.7M	6.1M	25.7M	11M	86.9M	45.6M
Capital expenditure	-495K	-319K	-1.4M	-841K	-94K	—	—	—	—	—	—	—
Investing cash flow	3.2M	9.6M	24.8M	-22.9M	2.3M	—	—	—	-191.1M	7.1M	6.1M	5.8M
Dividends paid	-7.9M	-7.8M	-7.5M	-9.5M	-9.4M	—	—	—	-9.8M	-9.3M	-9.2M	-9.8M
Share repurchases	-15.7M	-25.1M	-10.3M	-22M	-4.3M	—	—	—	-57.2M	-6.4M	-16.3M	-41.4M
Financing cash flow	-23.7M	-32.9M	-17.9M	-31.6M	-13.6M	—	—	—	-67M	-15.7M	-25.5M	-51.1M
Net change in cash	39.2M	33.4M	10.1M	-14.6M	13.4M	14.1M	-9.7M	6.1M	-232.4M	2.3M	67.5M	230K
Free cash flow	62.5M	59M	-1.2M	42.3M	25.7M	—	—	—	25.5M	10.8M	86.2M	44.3M

Date	Ratio
Jun 20, 2011	1:5
Feb 21, 2007	3:2

Preferred Bank Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement

Split history