Overview
Preferred Bank wants to be the bank of choice of Chinese-Americans in Southern California. Employing a multilingual staff, the bank provides international banking services to companies doing business in the Asia/Pacific region. It targets middle-market businesses, typically manufacturing, service, distribution, and real estate firms, as well as entrepreneurs, professionals, and high-net-worth individuals, through about a dozen branches in Los
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Read More Angeles, Orange, and San Francisco Counties. Preferred Bank offers standard deposit products such as checking accounts, savings, money market, and NOW accounts. Specialized services include private banking and international trade finance.
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Read More Angeles, Orange, and San Francisco Counties. Preferred Bank offers standard deposit products such as checking accounts, savings, money market, and NOW accounts. Specialized services include private banking and international trade finance.
Read Less
Li Yu
See more contacts
Depository Credit Intermediation
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Credit Intermediation and Related Activities
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Finance and Insurance
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State commercial banks
Activities Related to Credit Intermediation
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Agencies, Brokerages, and Other Insurance Related Activities
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Insurance Carriers
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Insurance and Employee Benefit Funds
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Monetary Authorities-Central Bank
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Nondepository Credit Intermediation
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Other Financial Investment Activities
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Other Investment Pools and Funds
View more , Securities and Commodity Contracts Intermediation and Brokerage Securities and Commodity Exchanges
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View more , Securities and Commodity Contracts Intermediation and Brokerage Securities and Commodity Exchanges
View fewer
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Actual
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Actual
$522.66 million
Actual
-3.13%
-12.92%
$6,923
DEC
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NASDAQ:PFBC
Contacts
Get in Touch with 6 Principals* and 134 Contacts
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Li YuChairman of the Board and Chief Executive Officer
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Contact 2?
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Contact 3?
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Contact 4?
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Financial Statements
Dun & Bradstreet collects private company financials for more than 23 million companies worldwide. Find out more.
Financial data as of December 31, 2024 (12 month period) in USD
Annual Revenue 2024
$522.66 million
USD
Actual
All financial statement data is in millions except per share data | Source: Morningstar
| Cash Flow (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Net Operating Cash | $165 | $175 | $144 |
| Net Investing Cash | -$422 | -$98 | -$700 |
| Net Financing Cash | $132 | $66 | $273 |
| Net Change in Cash | -$125 | $143 | -$283 |
| Cash at Beginning of Period | $911 | $768 | $1,051 |
| Cash at End of Period | $786 | $911 | $768 |
| Capital Expenditure | -$1 | -$2 | -$0 |
| Assets (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Current Assets | |||
| Cash and Cash Equivalents | $766 | $891 | $748 |
| Accounts Receivable | $34 | $34 | $24 |
| Inventories | $ | $ | $ |
| Other Current Assets | $ | $ | $ |
| Asset Summary | |||
| Total Current Assets | $ | $ | $ |
| Tangible Fixed Assets | $22 | $32 | $31 |
| Intangible Assets | $ | $ | $ |
| Total Assets | $6,923 | $6,659 | $6,425 |
| Liabilities (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Current Liabilities | |||
| Accounts Payable | $17 | $16 | $3 |
| Short-Term Debt | $ | $ | $ |
| Other Current Liabilities | $ | $ | $ |
| Liability Summary | |||
| Total Current Liabilities | $ | $ | $ |
| Long-Term Debt | $148 | $148 | $148 |
| Other Long-Term Liabilities | $ | $ | $ |
| Total Liabilities | $6,160 | $5,964 | $5,795 |
| Stakeholder's Equity (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Equity | |||
| Common Stock | $211 | $211 | $211 |
| Retained Earnings | $685 | $592 | $475 |
| Equity Summary | |||
| Total Equity | $763 | $695 | $630 |
| Shares Outstanding | 13,188,776 | 13,583,285 | 14,358,145 |