Earnings Call Summary | Preferred Bank(PFBC.US) Q2 2024 Earnings Conference
Earnings Call Summary | Preferred Bank(PFBC.US) Q2 2024 Earnings Conference
The following is a summary of the Preferred Bank (PFBC) Q2 2024 Earnings Call Transcript:
以下是保富银行(PFBC) 2024年第二季度业绩会交流摘要:
Financial Performance:
金融业绩：
Preferred Bank reported Q2 2024 net income of $33.6 million, or $2.48 per share.
The bank witnessed an annualized loan growth of 8% and deposit growth of 5%.
There was a charge-off of $9 million, primarily related to fully reserved loans from the previous quarter.
保富银行报告了2024年第二季度净利润为3360万美元，每股收益为2.48美元。
银行观察到8%的贷款增长和5%的存款增长。
上个季度全额列为坏账准备金的贷款是主要原因，该银行有一个900万美元的核销。
Business Progress:
业务进展：
Preferred Bank implemented a stock buyback program, repurchasing $72.5 million of common stock and aiming for reapproval to buy back the remaining $77.5 million.
The bank maintains a steady course in non-interest expense and income, with no significant future changes anticipated.
Efforts to decrease asset sensitivity of the balance sheet are nearing optimal levels.
保富银行实施了回购计划，回购7250万美元的普通股，并旨在重新获得批准收购剩下的7750万美元。
银行在非利息支出和收入方面保持稳定，未预计发生任何重大未来变化。
降低资产负债表的资产敏感性的努力已接近最佳水平。
Opportunities:
机会：
Potential interest rate relief is anticipated, which is expected not to significantly affect future income statements.
预计会有潜在的利率减免，这不会对未来的收入报表产生重大影响。
Risks:
风险：
There was an increase in non-performing loans by $22 million, though deemed fully reserved or adequately collateralized.
Concerns over managing the transition from floating to fixed-rate loans in a fluctuating interest rate environment.
虽然被认为是全额列为坏账准备金或拥有足够抵押品，但不良贷款增加了2200万美元。
管理从浮动利率贷款向固定利率贷款的转变在波动的利率环境中的担忧。
More details: Preferred Bank IR
更多详情：保富银行IR
Tips: This article is generated by AI. The accuracy of the content can not be fully guaranteed. For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：本文由AI生成。文章内容的准确性无法完全保证。有关更全面的详细信息，请参阅IR网站。本文只是为投资者提供参考，没有任何指导或推荐建议。