PF
Preferred Bank
PFBC—
Preferred Bank AI Insights
Informational only. Not investment advice.Snapshot
- ROE TTM 16.9% vs industry median 10.0% - 69% premium with ROIC 12.4% vs median 3.8% showing superior capital deployment[Return on Equity TTM]
- EPS 5Y CAGR 19.8% vs industry median 8.4% - 2.4x growth rate at P/E 9.7x vs median 12.6x creates valuation disconnect[EPS Growth 5Y]
- Net margin TTM 45.6% vs median 25.8% with interest expense 217.7M (5.2x median) - spread management driving outperformance[Net Margin TTM]
Watch Triggers
- Net Margin TTM: Falls below 35% — Would signal rate normalization eroding spread advantage - thesis invalidation
- ROE TTM: Drops below 12% — Convergence to industry median 10% removes valuation discount justification
- Asset Impairment Charge: Exceeds 5M (currently 301K) — CRE concentration risk materializing in loan book
Bull Case
P/B 1.58x on 16.9% ROE with zero goodwill (tangible book = equity at 775.6M) - rare clean balance sheet trading below intrinsic value
P/B RatioROE TTMTangible Book Value
FCF TTM 121M (99.6% conversion from operating cash) with minimal capex 442K enables 3.0 dividend + buybacks at 0.49x debt/equity
Free Cash Flow TTMDebt to EquityDividends Paid Per Share TTM
Bear Case
7.5B asset base with 379.7M debt concentrated in single market - regional bank risk without diversification at 0.49x D/E
Total AssetsTotal DebtDebt to Equity
EPS growth decelerating sharply: 5Y CAGR 19.8% to 3Y CAGR 5.8% signals margin tailwinds exhausting
EPS Growth 5YEPS Growth 3Y
Bull vs Bear Balance
AI-generated sentiment analysis based on fundamental metrics and market conditions.
55%
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Forward Thesis
Margin compression likely as rate environment normalizes, pressuring 45.6% net margin toward industry median
1-3ymed
- Interest expense 217.7M already 5.2x industry median
- Asset-sensitive balance sheet vulnerable to rate cuts
- Deposit repricing lag benefits reversing
Net margin 45.6% vs 25.8% median - unsustainable gapInterest income 126.9M on 7.5B assets = 1.7% yieldEPS 3Y CAGR 5.8% slowing from 5Y 19.8%
Valuation Context
Caveats
Public Strategies Rankings
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PFBC Fundamentals
Finance and Insurance → Credit Intermediation and Related Activities
| Metric | Value | YoY Growth | Industry Percentile |
|---|---|---|---|
$1.22B | — | ||
$806.49M | — | ||
9.7 | — | ||
$282.84M | +0.5% | — | |
$10.00 | -1.6% | — | |
0% | — | ||
45.6% | -2.8% | — | |
$120.98M | -1.3% | — | |
0.17 | -2.3% | — | |
Beta 5Y (Monthly) | unknown | — |
PFBC Dividend History
67 dividends
2026
$0.800001/06/26$0.8000
2025
$3.000010/07/25$0.7500
07/08/25$0.7500
04/07/25$0.7500
01/10/25$0.7500
2024
$2.800010/07/24$0.7000
07/05/24$0.7000
04/04/24$0.7000
01/05/24$0.7000
2023
$2.200010/05/23$0.5500
07/06/23$0.5500
04/05/23$0.5500
01/05/23$0.5500
2022
$1.720010/06/22$0.4300
07/06/22$0.4300
04/06/22$0.4300
01/06/22$0.4300
2021
$1.440010/06/21$0.3800
07/06/21$0.3800
04/06/21$0.3800
01/06/21$0.3000
2020
$1.200010/06/20$0.3000
07/06/20$0.3000
04/06/20$0.3000
01/06/20$0.3000
2019
$1.200010/04/19$0.3000
07/05/19$0.3000
04/05/19$0.3000
01/07/19$0.3000
2018
$0.940010/04/18$0.2500
07/05/18$0.2500
04/06/18$0.2200
01/05/18$0.2200
2017
$0.760010/05/17$0.2000
07/05/17$0.2000
04/05/17$0.1800
01/04/17$0.1800
2016
$0.600010/05/16$0.1500
07/05/16$0.1500
04/05/16$0.1500
01/05/16$0.1500
2015
$0.460010/02/15$0.1200
07/02/15$0.1200
04/02/15$0.1200
01/02/15$0.1000
2014
$0.100010/02/14$0.1000
2009
$0.080002/10/09$0.0800
2008
$0.470011/06/08$0.1000
08/01/08$0.1000
05/02/08$0.1000
02/01/08$0.1700
2007
$0.765011/02/07$0.1700
08/03/07$0.1700
05/04/07$0.1700
02/16/07$0.2550
2006
$0.533311/03/06$0.1333
08/03/06$0.1333
05/04/06$0.1333
02/08/06$0.1333
2005
$0.476710/31/05$0.1133
07/28/05$0.1133
04/25/05$0.1000
01/28/05$0.1500
2004
$0.600004/28/04$0.6000
2003
$0.240004/29/03$0.2400
2002
$0.380004/26/02$0.3800
2001
$0.380005/23/01$0.3800
PFBC Stock Splits
2 stock splits
06/20/115:1 split
02/21/070.666667:1 split
PFBC SEC Filings
| Filing Date | Report Date | Report Type | Filing Link |
|---|---|---|---|
11/10/25 | 09/30/25 | 10-Q | -- |
08/08/25 | 06/30/25 | 10-Q | -- |
05/12/25 | 03/31/25 | 10-Q | -- |
03/14/25 | 12/31/24 | 10-K | -- |
11/08/24 | 09/30/24 | 10-Q | -- |
08/08/24 | 06/30/24 | 10-Q | -- |
05/10/24 | 03/31/24 | 10-Q | -- |
03/14/24 | 12/31/23 | Annual | -- |
11/09/23 | 09/30/23 | 10-Q | -- |
08/09/23 | 06/30/23 | 10-Q | -- |
05/10/23 | 03/31/23 | 10-Q | -- |
03/15/23 | 12/31/22 | 10-K | -- |
11/08/22 | 09/30/22 | 10-Q | -- |
08/08/22 | 06/30/22 | 10-Q | -- |
05/09/22 | 03/31/22 | 10-Q | -- |
03/14/22 | 12/31/21 | 10-K | -- |
11/08/21 | 09/30/21 | 10-Q | -- |
08/09/21 | 06/30/21 | 10-Q | -- |
05/10/21 | 03/31/21 | 10-Q | -- |
03/15/21 | 12/31/20 | 10-K | -- |
11/09/20 | 09/30/20 | 10-Q | -- |
08/10/20 | 06/30/20 | 10-Q | -- |
05/11/20 | 03/31/20 | 10-Q | -- |
03/02/20 | 12/31/19 | 10-K | -- |
11/12/19 | 09/30/19 | 10-Q | -- |
08/08/19 | 06/30/19 | 10-Q | -- |
05/07/19 | 03/31/19 | 10-Q | -- |
02/28/19 | 12/31/18 | 10-K | -- |
11/08/18 | 09/30/18 | 10-Q | -- |
08/08/18 | 06/30/18 | 10-Q | -- |
05/09/18 | 03/31/18 | 10-Q | -- |
03/15/18 | 12/31/17 | 10-K | -- |
11/08/17 | 09/30/17 | 10-Q | -- |
08/08/17 | 06/30/17 | 10-Q | -- |
05/10/17 | 03/31/17 | 10-Q | -- |
03/15/17 | 12/31/16 | 10-K | -- |
01/20/17 | 09/30/16 | Quarterly | -- |
08/05/16 | 06/30/16 | Quarterly | -- |
05/09/16 | 03/31/16 | Quarterly | -- |
03/24/16 | 12/31/15 | Annual | -- |
11/09/15 | 09/30/15 | Quarterly | -- |
08/10/15 | 06/30/15 | Quarterly | -- |
05/11/15 | 03/31/15 | Quarterly | -- |
03/16/15 | 12/31/14 | Annual | -- |
11/10/14 | 09/30/14 | Quarterly | -- |
08/07/14 | 06/30/14 | Quarterly | -- |
05/09/14 | 03/31/14 | Quarterly | -- |
03/17/14 | 12/31/13 | Annual | -- |
11/12/13 | 09/30/13 | Quarterly | -- |
08/08/13 | 06/30/13 | Quarterly | -- |
05/06/13 | 03/31/13 | 10-Q | -- |
03/15/13 | 12/31/12 | 10-K | -- |
11/08/12 | 09/30/12 | 10-Q | -- |
08/09/12 | 06/30/12 | 10-Q | -- |
05/25/12 | 03/31/12 | 10-Q | -- |
05/25/12 | 12/31/11 | 10-K | -- |
05/25/12 | 09/30/11 | 10-Q | -- |
08/08/11 | 06/30/11 | 10-Q | -- |
08/08/11 | 03/31/11 | 10-Q | -- |
08/08/11 | 12/31/10 | 10-K | -- |
11/09/10 | 09/30/10 | 10-Q | -- |
08/10/10 | 06/30/10 | 10-Q | -- |
05/10/10 | 03/31/10 | 10-Q | -- |
12/31/09 | 12/31/09 | Annual | -- |
02/24/10 | 09/30/09 | MS10-Q | -- |
10/12/09 | 06/30/09 | MS10-Q | -- |
10/12/09 | 03/31/09 | MS10-Q | -- |
12/31/08 | 12/31/08 | 10-K | -- |
09/30/08 | 09/30/08 | 10-Q | -- |
06/30/08 | 06/30/08 | 10-Q | -- |
03/31/08 | 03/31/08 | Unknown | -- |
12/31/07 | 12/31/07 | Unknown | -- |
09/30/07 | 09/30/07 | Unknown | -- |
06/30/07 | 06/30/07 | Unknown | -- |
03/31/07 | 03/31/07 | Unknown | -- |
12/31/06 | 12/31/06 | Unknown | -- |
09/30/06 | 09/30/06 | Unknown | -- |
06/30/06 | 06/30/06 | Unknown | -- |
03/31/06 | 03/31/06 | Unknown | -- |
12/31/05 | 12/31/05 | Unknown | -- |
09/30/05 | 09/30/05 | Unknown | -- |
06/30/05 | 06/30/05 | Unknown | -- |
03/31/05 | 03/31/05 | Unknown | -- |
12/31/04 | 12/31/04 | Unknown | -- |
09/30/04 | 09/30/04 | Unknown | -- |
06/30/04 | 06/30/04 | Unknown | -- |
03/31/04 | 03/31/04 | Unknown | -- |