Preferred Bank Q1 2024 GAAP EPS $2.44 Beats $2.38 Estimate, Sales $68.500M Beat $66.879M Estimate
Portfolio Pulse from Benzinga Newsdesk
Preferred Bank (NASDAQ:PFBC) reported Q1 2024 earnings of $2.44 per share, surpassing the $2.38 estimate, marking a 40.23% increase from last year. Sales reached $68.5M, beating the $66.879M estimate but showing a 7.07% decrease from the previous year.
April 23, 2024 | 12:06 pm
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Preferred Bank reported a strong Q1 2024 with earnings and sales surpassing estimates, indicating robust financial health and operational efficiency.
Preferred Bank's earnings beat and sales performance likely signal positive investor sentiment and could lead to a short-term uptick in stock price. The significant year-over-year earnings growth and sales beating estimates, despite a slight decrease from the previous year, highlight the company's operational efficiency and market confidence.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100