Preferred Bank Posts $32.9 Million Q3 Profit as Net Interest Margin Falls
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Preferred Bank reported third-quarter net income of $32.948 million as its net interest margin narrowed to 3.49%, down from both the prior quarter and a year earlier. The independent California commercial bank’s earnings for the quarter ended Sept. 30, 2026, were $3 million lower than a year earlier and $592,000 below the second quarter. Diluted earnings per share were $2.73, compared with $2.84 in the year-earlier quarter and $2.78 in the second quarter. The bank released its results Oct. 23 at 8 a.m. ET (12:00 UTC). Net interest income was $66.711 million, compared with $71.3 million a year earlier.
Source: TokenPost
