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- **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.

Preferred Bank (PFBC) Q3 2025 Earnings Call Transcript

Revenue

Sales and Services Revenue

Financing Services Revenue

Other Revenue

Cost of Revenue

Cost of Goods and Services

Cost of Financing Services

Other Cost

Gross Profit

Other Operating Income

Operating Expenses

Selling, General and Administrative Expenses

Selling and Marketing Expenses

General and Administrative Expenses

Research and Development Expenses

Loss on Bad Debts

Loss on Impairment of Other Assets

Loss on Disposal of Assets

Other Operating Expenses

Operating Income

Non-Operating Income (Loss)

Income (Loss) from Affiliates

Income (Loss) from Associates

Income (Loss) from Joint ventures

Gain (Loss) on Other Investment

Gain (Loss) on Change in Fair Value

Gain (Loss) on Foreign Currency Exchange

Other Non-Operating Income (Loss)

Net Interest Expense

Interest Expense

Interest Income

Pretax Income From Continuing Operations

Income Tax Expense

Current Income Tax

Deferred Income Tax

Income Tax Adjustments

Net Income from Continuing Operations

Income from Discontinued Operations

Other Items Before Net Income

Net Income

Net Income Attributable to Minority Interests

Net Income Attributable to Owners of the Company

Preferred Stock Dividends

Other Adjustments

Net Income Attributable to Common Stockholders

Other Comprehensive Income

Total Comprehensive Income

Total Comprehensive Income Attributable to Minority Interests

Total Comprehensive Income Attributable to Owners of the Company

Basic EPS

Basic EPS from Continuing Operations

Basic EPS from Discontinued Operations

Diluted EPS

Diluted EPS from Continuing Operations

Diluted EPS from Discontinued Operations

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