Preferred Bank Q2 FY26 net income rises 7.69% to $33.5 million

Reuters2026/07/22 12:06

By:Reuters

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Preferred Bank posted Q2 net income of USD 33.5 million, up USD 2.4 million from Q1; diluted EPS rose to USD 2.78.
Net interest income before credit-loss provision climbed to USD 70 million, lifting net interest margin to 3.73% from 3.57% in Q1.
Noninterest income fell to USD 3.5 million from USD 4.3 million in Q1, reflecting an USD 874,000 loss on loan sales.
Total loans grew USD 124.8 million, or 2%, from Q1; deposits increased USD 52.1 million, or 0.8%.
Nonperforming loans dropped USD 70.2 million, or 41.5%, from Q1; the provision for credit losses eased to USD 1.2 million.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Preferred Bank published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202607220800PRIMZONEFULLFEED9766131) on July 22, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Preferred Bank Q2 FY26 net income rises 7.69% to $33.5 million

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