The bank maintains a conservative capital structure with a consistent equity-to-assets ratio of 0.10, providing a necessary buffer against its specialized commercial real estate and property loan concentrations.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 | Dec'06 | Dec'05 | Dec'04 |
|---|
| Cash & Short Term Investments | 3.18B | 827.1M | 765.52M | 1.2B | 1.18B | 1.48B | 979.15M | 739.28M | 709.17M | 635.02M | 506.16M | 465.68M | 365.73M | 369.29M | 362.74M | 308.55M | 108.23M | 14.07M | 19.39M | 22.8M | 26.88M | 183.42M | 35.21M |
| Cash & Due from Banks | 805.16M | 807.1M | 765.51M | 890.85M | 747.53M | 1.03B | 739.47M | 498.64M | 526.76M | 446.82M | 306.33M | 296.18M | 215.19M | 226.62M | 152M | 142.47M | 108.23M | 14.07M | 19.39M | 22.8M | 26.88M | 183.42M | 35.21M |
| Short Term Investments | 0 | 20M | 3K | 313.84M | 428.3M | 451.91M | 239.68M | 240.64M | 182.41M | 188.2M | 199.83M | 169.5M | 150.54M | 142.67M | 210.74M | 166.08M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Investments | 6.72B | 6.66B | 5.99B | 5.58B | 5.51B | 4.88B | 4.28B | 3.99B | 3.53B | 3.14B | 2.75B | 2.23B | 1.76B | 1.46B | 1.32B | 1.1B | 1.07B | 1.12B | 1.31B | 1.46B | 1.18B | 923.6M | 771.49M |
| Investments Growth % | 41.77% | 11.19% | 7.24% | 1.39% | 12.79% | 14.21% | 7.22% | 12.84% | 12.55% | 14.22% | 23.55% | 26.76% | 20.51% | 10.29% | 20.29% | 3.02% | -4.46% | -14.75% | -10.55% | 23.55% | 28.19% | 19.72% | - |
| Long-Term Investments | 26.13B | 6.64B | 5.99B | 5.27B | 5.08B | 4.43B | 4.04B | 3.75B | 3.35B | 2.95B | 2.55B | 2.06B | 1.6B | 1.31B | 1.11B | 931.89M | 1.07B | 1.12B | 1.31B | 1.46B | 1.18B | 923.6M | 771.49M |
| Accounts Receivables | 34.81M | 34.23M | 33.56M | 33.89M | 23.59M | 14.65M | 23.69M | 14.96M | 14.27M | 11.29M | 9.55M | 8.13M | 6.5M | 5.38M | 5.65M | 4.85M | 5.38M | 5.58M | 7.81M | 10.16M | 8.63M | 5.53M | 8.05M |
| Goodwill & Intangibles | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| PP&E (Net) | 38.56M | 38.59M | 21.64M | 31.74M | 30.72M | 32.5M | 27.93M | 29.34M | 7.5M | 5.68M | 5.31M | 5.6M | 4.13M | 4.21M | 4.38M | 4.71M | 5.42M | 6.33M | 7.16M | 4.72M | 1.71M | 1.83M | 1.36M |
| Other Assets | 16.65M | 19.19M | 63.92M | 66.69M | 72M | 58.27M | 51.92M | 74.45M | 114.02M | 145.67M | 124.57M | 39.73M | 51.55M | 50.98M | 44.52M | 52.82M | 67.37M | 131.51M | 114.44M | 42.13M | 127.61M | 13.66M | 91.15M |
| Total Current Assets | 839.97M | 861.25M | 801.27M | 1.24B | 1.2B | 1.5B | 1B | 757.61M | 723.44M | 649.03M | 515.71M | 474.1M | 372.23M | 376.45M | 368.93M | 313.4M | 117.24M | 49.8M | 27.19M | 32.97M | 35.51M | 188.95M | 43.27M |
| Total Non-Current Assets | 6.81B | 6.74B | 6.12B | 5.42B | 5.23B | 4.55B | 4.14B | 3.87B | 3.49B | 3.12B | 2.71B | 2.12B | 1.68B | 1.39B | 1.19B | 996.4M | 1.14B | 1.26B | 1.46B | 1.51B | 1.31B | 947.77M | 864M |
| Total Assets | 7.65B | 7.6B | 6.92B | 6.66B | 6.43B | 6.05B | 5.14B | 4.63B | 4.22B | 3.77B | 3.22B | 2.6B | 2.05B | 1.77B | 1.55B | 1.31B | 1.26B | 1.31B | 1.48B | 1.54B | 1.35B | 1.14B | 907.27M |
| Asset Growth % | 32.58% | 9.79% | 3.97% | 3.64% | 6.27% | 17.55% | 11.13% | 9.77% | 11.85% | 17.02% | 23.96% | 26.52% | 16.12% | 13.77% | 18.71% | 4.29% | -3.9% | -11.9% | -3.85% | 14.37% | 18.66% | 25.29% | - |
| Return on Assets (ROA) | 1.8% | 1.84% | 1.92% | 2.29% | 2.07% | 1.7% | 1.42% | 1.77% | 1.78% | 1.24% | 1.25% | 1.28% | 1.29% | 1.16% | 1.67% | 0.95% | -1.31% | -5.2% | -0.33% | 1.83% | 1.88% | 1.65% | 1.23% |
| Accounts Payable | 16.75M | 16.51M | 16.52M | 16.12M | 2.61M | 715K | 1.25M | 3.32M | 6.84M | 3.83M | 3.2M | 1.92M | 1.42M | 983K | 968K | 1.29M | 1.72M | 2.95M | 5.45M | 5.49M | 5.27M | 3.07M | 0 |
| Total Debt | 383.15M | 383.81M | 165.46M | 168M | 168.94M | 170.62M | 118.02M | 119.71M | 100.39M | 105.37M | 129.76M | 26.64M | 20M | 20M | 0 | 26M | 26M | 49M | 58M | 111M | 20M | 23.63M | 15M |
| Net Debt | -422.01M | -423.29M | -600.06M | -722.85M | -578.58M | -859.99M | -621.45M | -378.94M | -426.37M | -341.45M | -176.57M | -269.54M | -195.19M | -206.62M | -152M | -116.47M | -82.24M | 34.92M | 38.61M | 88.2M | -6.88M | -159.79M | -20.21M |
| Long-Term Debt | 348.77M | 348.71M | 148.47M | 148.23M | 148M | 147.76M | 99.33M | 99.21M | 100.39M | 105.36M | 125.36M | 26.64M | 20M | 20M | 0 | 26M | 26M | 49M | 58M | 111M | 20M | 20.63M | 5M |
| Short-Term Debt | 4.59M | 5.76M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 8K | 4.4M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3M | 10M |
| Other Liabilities | 6.5B | 6.43B | 61.45M | 70.71M | 66.38M | 62.74M | 56.45M | 52.14M | 52.87M | 42.93M | 23.65M | 19.59M | 21.45M | 11.75M | 8.52M | 6.51M | 5.55M | 9.05M | 24.97M | 20.05M | 16.29M | 7.64M | 13.93M |
| Total Current Liabilities | 4.59M | 5.76M | 5.93B | 5.73B | 5.56B | 5.23B | 4.44B | 3.99B | 3.65B | 3.27B | 2.77B | 2.29B | 1.78B | 1.53B | 1.36B | 1.12B | 1.08B | 1.16B | 1.26B | 1.26B | 1.17B | 984.61M | 811.53M |
| Total Non-Current Liabilities | 6.88B | 6.81B | 226.91M | 238.71M | 235.33M | 233.36M | 174.47M | 171.85M | 153.26M | 148.29M | 149.01M | 46.22M | 41.45M | 31.75M | 8.52M | 32.5M | 31.55M | 58.05M | 82.97M | 131.06M | 36.29M | 28.27M | 18.93M |
| Total Liabilities | 6.88B | 6.81B | 6.16B | 5.96B | 5.79B | 5.46B | 4.62B | 4.16B | 3.8B | 3.41B | 2.92B | 2.33B | 1.82B | 1.56B | 1.37B | 1.15B | 1.11B | 1.22B | 1.35B | 1.39B | 1.2B | 1.01B | 830.46M |
| Total Equity | 770.2M | 789.48M | 763.15M | 695.11M | 630.43M | 586.72M | 525.45M | 470.01M | 416.65M | 355.03M | 298.06M | 264.14M | 235.03M | 206.92M | 187.84M | 158.05M | 141.33M | 85.37M | 137.49M | 152.95M | 145.93M | 123.85M | 76.81M |
| Equity Growth % | 9.17% | 3.45% | 9.79% | 10.26% | 7.45% | 11.66% | 11.79% | 12.81% | 17.36% | 19.11% | 12.84% | 12.39% | 13.59% | 10.16% | 18.85% | 11.83% | 65.55% | -37.91% | -10.11% | 4.81% | 17.83% | 61.24% | - |
| Equity / Assets (Capital Ratio) | 10.06% | 10.39% | 11.02% | 10.44% | 9.81% | 9.7% | 10.22% | 10.15% | 9.88% | 9.42% | 9.25% | 10.16% | 11.44% | 11.7% | 12.08% | 12.07% | 11.25% | 6.53% | 9.27% | 9.92% | 10.82% | 10.9% | 8.47% |
| Return on Equity (ROE) | 17.48% | 17.21% | 17.92% | 22.64% | 21.17% | 17.13% | 13.96% | 17.68% | 18.4% | 13.29% | 12.94% | 11.92% | 11.13% | 9.73% | 13.8% | 8.17% | -14.83% | -65.09% | -3.45% | 17.71% | 17.31% | 16.77% | 14.52% |
| Book Value per Share | 62.66 | 61.50 | 56.30 | 48.74 | 42.57 | 39.47 | 35.30 | 31.21 | 27.67 | 24.50 | 21.31 | 19.31 | 17.26 | 15.48 | 14.18 | 12.16 | 20.69 | 27.50 | 70.08 | 72.28 | 69.13 | 60.74 | 44.09 |
| Tangible BV per Share | 62.66 | 61.50 | 56.30 | 48.74 | 42.57 | 39.47 | 35.30 | 31.21 | 27.67 | 24.50 | 21.31 | 19.31 | 17.26 | 15.48 | 14.18 | 12.16 | 20.69 | 27.50 | 70.08 | 72.28 | 69.13 | 60.74 | 44.09 |
| Common Stock | 210.88M | 210.88M | 210.88M | 210.88M | 210.88M | 210.88M | 210.88M | 210.88M | 210.88M | 207.95M | 169.86M | 166.56M | 164.02M | 163.24M | 162.93M | 162.88M | 0 | 0 | 0 | 0 | 69.66M | 67.68M | 32.14M |
| Additional Paid-in Capital | 108.85M | 105.11M | 95.79M | 86.83M | 81.56M | 73.17M | 64.06M | 55.17M | 47.42M | 39.46M | 39.93M | 34.67M | 29.63M | 25.97M | 24.54M | 23.46M | 185.42M | 95.33M | 76.59M | 74.81M | 1.5M | 240K | 0 |
| Retained Earnings | 802.31M | 780.64M | 685.11M | 592.33M | 475.07M | 372.95M | 300.97M | 255.05M | 194.85M | 139.68M | 108.26M | 81.05M | 58.55M | 36.68M | 17.48M | -6.39M | -18.77M | 13.27M | 86.58M | 94.59M | 75.22M | 57.3M | 44.59M |
| Accumulated OCI | -17.35M | -13.74M | -27.46M | -31.75M | -28.61M | 4.93M | 7.03M | 3.97M | -1.98M | 1.17M | -871K | 982K | 1.94M | 140K | 2M | -2.79M | -743K | -764K | -6.57M | -1.48M | -447K | -1.14M | 79K |
| Treasury Stock | -334.49M | -293.41M | -201.17M | -163.18M | -108.48M | -75.21M | -57.5M | -55.05M | -34.53M | -33.23M | -19.11M | -19.11M | -19.11M | -19.11M | -19.11M | -19.11M | -19.11M | -19.11M | -19.11M | -14.98M | 0 | 0 | 0 |
| Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
CRE Concentration and Sensitivity
As reported in recent financial statements, Preferred Bank’s total assets have expanded from $6.7 billion in 2023Q4 to $7.7 billion in 2026Q1, reflecting a measured growth trajectory that appears to prioritize balance sheet stability over aggressive market share acquisition in a volatile interest rate environment.
The steady increase in asset size suggests a disciplined approach to balance sheet management, likely focused on maintaining high-quality commercial relationships. Investors should monitor whether this growth is sustainable given the bank's recent revenue contraction, which may indicate that asset expansion is not currently translating into proportional top-line performance.
Based on the provided quarterly data, Preferred Bank maintains a consistent equity-to-assets ratio of approximately 0.10, which suggests a conservative capital position that provides a meaningful buffer against potential credit impairments within its specialized commercial real estate and trade finance loan portfolios.
This capital structure appears designed to withstand cyclical downturns, reflecting a management preference for organic capital retention. However, the bank's history of share repurchases warrants further investigation to determine if capital deployment is adequately balancing shareholder returns with the need for robust regulatory capital buffers.
According to recent SEC filings, Preferred Bank holds $805.2 million in cash and equivalents as of 2026Q1, representing a significant liquidity position that appears intended to mitigate risks associated with its concentrated deposit base and the inherent volatility of its trans-Pacific commercial lending activities.
The bank's decision to maintain high cash levels suggests a defensive posture, potentially reflecting management's caution regarding the current economic climate in California. This liquidity profile may provide the necessary flexibility to navigate potential deposit outflows or to capitalize on opportunistic lending if market conditions stabilize.
As evidenced by the bank's reported figures, the heavy concentration in commercial real estate and special purpose properties creates a structural vulnerability, as these asset classes are particularly sensitive to the valuation pressures currently observed in the broader regional property market.
While the bank's niche focus provides a competitive moat, it simultaneously exposes the balance sheet to idiosyncratic risks that could lead to significant earnings volatility. Analysts should closely monitor the allowance for credit losses, as any deterioration in these specific property segments may necessitate aggressive provisioning that could rapidly erode the bank's current profitability.
Quick answers to the most common questions about buying PFBC stock.
As of 2025, Preferred Bank (PFBC) had total assets of $7.60B including $861.3M in current assets.
Preferred Bank (PFBC) carries total debt of $383.8M. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Preferred Bank (PFBC) has total shareholders' equity (book value) of $789.5M ($61.50 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Preferred Bank (PFBC) reported a current ratio of 149.60x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.