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:
以下是優先銀行（PFBC）2024年第一季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
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.
優先銀行報告稱，第一季度淨收益爲3,350萬美元，攤薄後每股收益爲2.44美元。該銀行的貸款和存款年增長分別爲4％和6.5％。
由於存款成本的持續增加，淨利率略有下降，爲4.19％。
截至第一季度末，批評貸款略有增加至8,760萬美元，不良貸款從2,870萬美元減少至1,820萬美元。
Business Progress:
業務進展：
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.
該銀行擴大了業務範圍，在奧蘭治縣爾灣地區開設了一家新的提供全方位服務的分行，並在硅谷地區開設了一個貸款製作辦事處。
自去年第三季度以來，一直在努力降低貸款組合的敏感度，目前的敏感度約爲-70％
由新招聘的官員領導的新貸款和存款增長計劃已在現有客戶中實施。
More details: Preferred Bank IR
更多詳情： 首選銀行 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.
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