Earnings Call Summary | Preferred Bank(PFBC.US) Q1 2024 Earnings Conference
Earnings Call Summary | Preferred Bank(PFBC.US) Q1 2024 Earnings Conference
The following is a summary of the Preferred Bank (PFBC) Q1 2024 Earnings Call Transcript:
以下是优先银行（PFBC）2024年第一季度财报电话会议记录摘要：
Financial Performance:
财务业绩：
Preferred Bank reported a Q1 net income of $33.5 million or $2.44 per fully diluted share. The bank's loan and deposit growth were annualized at 4% and 6.5% respectively.
A slight decrease in the net interest margin was reported at 4.19% due to a continued increase in the cost of deposits.
Criticized loans increased slightly to $87.6 million, while non-performing loans were reduced from $28.7 million to $18.2 million by the end of Q1.
优先银行报告称，第一季度净收益为3,350万美元，摊薄后每股收益为2.44美元。该银行的贷款和存款年增长分别为4％和6.5％。
由于存款成本的持续增加，净利率略有下降，为4.19％。
截至第一季度末，批评贷款略有增加至8,760万美元，不良贷款从2,870万美元减少至1,820万美元。
Business Progress:
业务进展：
The bank expanded its presence by opening a new full-service branch in the Irvine area of Orange County and a loan production office in the Silicon Valley area.
Efforts to reduce the sensitivity of the loan portfolio have been ongoing since Q3 of the previous year, and it currently stands around mid-70%
New loan and deposit growth initiatives led by newly recruited officers have been implemented amongst existing customers.
该银行扩大了业务范围，在奥兰治县尔湾地区开设了一家新的提供全方位服务的分行，并在硅谷地区开设了一个贷款制作办事处。
自去年第三季度以来，一直在努力降低贷款组合的敏感度，目前的敏感度约为-70％
由新招聘的官员领导的新贷款和存款增长计划已在现有客户中实施。
More details: Preferred Bank IR
更多详情： 首选银行 IR
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