What is the revenue and EPS growth rate for Preferred Bank year over year?

Did Preferred Bank beat or miss consensus estimates last quarter?

What is the market's earnings forecast for Preferred Bank next quarter?

What does Preferred Bank do and what are its main business segments?

What were the key takeaways from Preferred Bank’s earnings call?

What guidance did Preferred Bank's management provide for the next earnings period?

What were the key takeaways from Preferred Bank's earnings call?

What factors drove the changes in Preferred Bank's revenue and profit?

- **Record Financial Performance**: EPS of $2.84 and net income of $35.9 million, up 15% YoY.
- **Growth Momentum**: 2.3% loan growth and 2.5% deposit growth, with credit quality improving.
- **Expense Management**: Noninterest expenses steady at $21.5 million, efficiency ratio under 30%.
- **Share Repurchase**: $6.3 million repurchased in Q3, with plans for $22-22.5 million quarterly expenses.

**【CEO Summary Section】**
- Reported record earnings per share of $2.84 and net income of $35.9 million for the quarter, reflecting a 15% year-over-year increase in revenue driven by North American market recovery.
- Highlighted loan growth of 2.3% ($133 million) and deposit growth of 2.5% ($151 million), with credit quality improving as nonperforming loans decreased from $52 million to $17 million.
- Mentioned a $6.3 million share repurchase program and correction of a past diluted EPS underreporting.

**【CFO Financial Commentary】**
- Net interest income and margin improved, with noninterest expenses held steady at $21.5 million, leading to an efficiency ratio below 30%.
- Discussed plans for $22-22.5 million quarterly expenses in 2025 and potential $250-500 million increases in 2026.

**【Q&A Key Highlights】**
- Loan growth expectations for the fourth quarter aligned with the third quarter, driven by rate cuts and pipeline activity.
- Risk officer noted stable credit metrics with $1.8 million annual charge-offs.
- Discussed floating rate portfolio composition (71% floating, 98% with floors) and OREO gains of $3-4 million expected in Q4.

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