Daniel Jones Investing Group Leader

Summary

Preferred Bank remains a soft 'buy' despite recent declines in revenue and profitability.

PFBC's asset quality is strong, with return on assets at 1.69% and return on equity at 16.18%.

The bank's shares trade at a P/E of 9.7, cheaper than peers, though price-to-book is less attractive.

Management sees balance sheet growth and a favorable rate environment, but non-accrual loan resolutions and macro risks warrant monitoring.

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One of my better calls in the banking space over the last few years has been my decision to be bullish on Preferred Bank (PFBC). Since I reaffirmed the business as

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Daniel Jones 38.03K Followers

Daniel is an avid and active professional investor.…