Preferred Bank Finds Unreconciled Difference In Its Calculation Of Its Right Of Use Asset And Lease Liabilities; Expects Additional Q4 Expense To Reduce Q4 EPS By $0.43
Preferred Bank Finds Unreconciled Difference In Its Calculation Of Its Right Of Use Asset And Lease Liabilities; Expects Additional Q4 Expense To Reduce Q4 EPS By $0.43
As a result of this error, the Bank will record $8.1 million on a pre-tax basis of occupancy expense in the fourth quarter of 2024. On an after-tax basis, this will reduce fourth quarter diluted earnings per share by approximately $0.43.
由于这一错误，银行将在2024年第四季度记录810万美元的税前住房费用。在税后基础上，这将使第四季度的摊薄每股收益减少大约$0.43。
As for the impact of ASC 842 in future years, it is expected that the correct calculation of lease expense will increase occupancy expense by approximately $1.6 million per year on a pre-tax basis.
关于ASC 842在未来几年的影响，预计正确计算租赁费用将在税前基础上使住房费用增加约160万美元每年。
It has evaluated the impact to income for each of the periods involved as well as the cumulative impact to 2024's results and have determined the understatement in the prior years as well as the impact to the results for 2024 are not material to the Bank's results of operations or its balance sheet.
它已评估了相关期间对收入的影响，以及对2024年结果的累积影响，并确定以前年份的低报以及对2024年结果的影响对银行的运营结果或资产负债表没有实质性影响。
