Board Change • May 20
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 7 highly experienced directors. Independent Director Kathleen Shane was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Apr 24
Preferred Bank Reports Net Charge Off for the First Quarter Ended March 31, 2026 Preferred Bank reported net charge off for the first quarter ended March 31, 2026. The company reported net charge-offs for the quarter were $5,456,000. Announcement • Apr 09
Preferred Bank to Report Q1, 2026 Results on Apr 22, 2026 Preferred Bank announced that they will report Q1, 2026 results Pre-Market on Apr 22, 2026 Announcement • Mar 19
Preferred Bank Announces Quarterly Dividend, Payable on April 21, 2026 Preferred Bank reported that the Board of Directors has declared a quarterly cash dividend of $0.80 per share, payable on April 21, 2026 to holders of record on April 7, 2026. Announcement • Jan 09
Preferred Bank to Report Q4, 2025 Results on Jan 22, 2026 Preferred Bank announced that they will report Q4, 2025 results Pre-Market on Jan 22, 2026 Announcement • Dec 12
Preferred Bank Increases Annual Cash Dividend, Payable on January 20, 2026 Preferred Bank reported that the Board of Directors has increased the annual cash dividend to $3.20 per share from the previous $3.00 per share, an increase of 6.7%. The dividend is payable on January 20, 2026 to holders of record on January 6, 2026. Announcement • Oct 21
Preferred Bank Reports Net Charge Off for the Third Quarter Ended September 30, 2025 Preferred Bank reported net charge off for the third quarter ended September 30, 2025. Total net charge-offs for the quarter were $1.6 million. Announcement • Oct 07
Preferred Bank to Report Q3, 2025 Results on Oct 20, 2025 Preferred Bank announced that they will report Q3, 2025 results at 4:00 PM, US Eastern Standard Time on Oct 20, 2025 Announcement • Sep 17
Preferred Bank Announces Quarterly Cash Dividend, Payable on October 21, 2025 Preferred Bank declared a quarterly cash dividend of $0.75 per share, which will be paid on October 21, 2025 to holders of record as of October 7, 2025. Announcement • Jul 04
Preferred Bank to Report Q2, 2025 Results on Jul 21, 2025 Preferred Bank announced that they will report Q2, 2025 results Pre-Market on Jul 21, 2025 Announcement • Jun 24
Preferred Bank Announces Cash Dividend, Payable on July 22, 2025 Preferred Bank's Board of Directors has declared a quarterly cash dividend to $0.75 per share, payable on July 22, 2025 to holders of record on July 8, 2025. Announcement • May 10
Preferred Bank Names Nick Pi as Executive Vice President and Chief Risk Officer Preferred Bank reported that the Board of Directors has named Nick Pi to the position of Executive Vice President and Chief Risk Officer. Mr. Pi has served as the Bank’s Chief Credit Officer since 2015 and will continue to oversee the credit function. Mr. Pi will now also oversee the BSA and Compliance Departments as well. Nick has been a very strong leader in Credit Administration and we’re excited to have someone with his experience and knowledge taking over the role of Chief Risk Officer. Announcement • Apr 15
Preferred Bank to Report Q1, 2025 Results on Apr 25, 2025 Preferred Bank announced that they will report Q1, 2025 results Pre-Market on Apr 25, 2025 Announcement • Mar 20
Preferred Bank Declares Quarterly Cash Dividend, Payable on April 21, 2025 Preferred Bank reported that the Board of Directors has declared a quarterly cash dividend to $0.75 per share, payable on April 21, 2025 to holders of record on April 7, 2025. Announcement • Jan 29
Preferred Bank Reports Net Charge-Offs for the Fourth Quarter Ended December 31, 2024 Preferred Bank reported net charge-offs for the fourth quarter ended December 31, 2024. Total net charge-offs for the quarter were $6.6 million and all were previously fully reserved. Announcement • Jan 11
Preferred Bank to Report Q4, 2024 Results on Jan 27, 2025 Preferred Bank announced that they will report Q4, 2024 results After-Market on Jan 27, 2025 Announcement • Dec 27
Preferred Bank Declares Quarterly Cash Dividend, Payable on January 23, 2025 Preferred Bank reported that the Board of Directors has increased the quarterly cash dividend to $0.75 per share from the previous $0.70 per share, an increase of 7.1%. The dividend is payable on January 23, 2025 to holders of record on January 9, 2025. Recent Insider Transactions • Nov 13
Chairman recently sold €397k worth of stock On the 6th of November, Li Yu sold around 4k shares on-market at roughly €89.27 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Li has been a net seller over the last 12 months, reducing personal holdings by €4.3m. Valuation Update With 7 Day Price Move • Nov 07
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €89.00, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 8x in the Banks industry in Europe. Total returns to shareholders of 60% over the past three years. Reported Earnings • Oct 21
Third quarter 2024 earnings released: EPS: US$2.51 (vs US$2.74 in 3Q 2023) Third quarter 2024 results: EPS: US$2.51 (down from US$2.74 in 3Q 2023). Revenue: US$69.1m (down 4.6% from 3Q 2023). Net income: US$33.4m (down 13% from 3Q 2023). Profit margin: 48% (down from 53% in 3Q 2023). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 1.9% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Announcement • Oct 16
Preferred Bank to Report Q3, 2024 Results on Oct 21, 2024 Preferred Bank announced that they will report Q3, 2024 results Pre-Market on Oct 21, 2024 Declared Dividend • Sep 30
Second quarter dividend of US$0.70 announced Shareholders will receive a dividend of US$0.70. Ex-date: 7th October 2024 Payment date: 21st October 2024 Dividend yield will be 3.7%, which is lower than the industry average of 4.8%. Sustainability & Growth The dividend has increased by an average of 21% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 9.7% over the next year. However, it would need to fall by 72% to increase the payout ratio to a potentially unsustainable range. Recent Insider Transactions • Aug 02
Chairman recently sold €651k worth of stock On the 31st of July, Li Yu sold around 8k shares on-market at roughly €81.32 per share. This transaction amounted to 1.1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth €1.5m. Li has been a net seller over the last 12 months, reducing personal holdings by €3.9m. Reported Earnings • Jul 26
Second quarter 2024 earnings released: EPS: US$2.51 (vs US$2.63 in 2Q 2023) Second quarter 2024 results: EPS: US$2.51 (down from US$2.63 in 2Q 2023). Revenue: US$67.0m (down 9.3% from 2Q 2023). Net income: US$33.6m (down 12% from 2Q 2023). Profit margin: 50% (down from 51% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 2.4% p.a. on average during the next 2 years, compared to a 3.1% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Announcement • Jul 11
Preferred Bank to Report Q2, 2024 Results on Jul 25, 2024 Preferred Bank announced that they will report Q2, 2024 results After-Market on Jul 25, 2024 Declared Dividend • Jul 01
First quarter dividend of US$0.70 announced Shareholders will receive a dividend of US$0.70. Ex-date: 5th July 2024 Payment date: 19th July 2024 Dividend yield will be 3.6%, which is lower than the industry average of 4.8%. Sustainability & Growth The dividend has increased by an average of 21% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 8.3% over the next year. However, it would need to fall by 74% to increase the payout ratio to a potentially unsustainable range. Announcement • Jun 21
Preferred Bank Declares Quarterly Cash Dividend, Payable on July 19, 2024 Preferred Bank reported that the Board of Directors has declared a quarterly cash dividend of $0.70 per share, payable on July 19, 2024 to holders of record on July 5, 2024. Recent Insider Transactions • May 17
Chairman recently sold €1.5m worth of stock On the 15th of May, Li Yu sold around 20k shares on-market at roughly €73.61 per share. This transaction amounted to 2.8% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Li has been a net seller over the last 12 months, reducing personal holdings by €3.5m. Recent Insider Transactions • May 02
Chairman recently sold €420k worth of stock On the 26th of April, Li Yu sold around 6k shares on-market at roughly €71.81 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €483k. Li has been a net seller over the last 12 months, reducing personal holdings by €679k. Reported Earnings • Apr 24
First quarter 2024 earnings released: EPS: US$2.48 (vs US$2.64 in 1Q 2023) First quarter 2024 results: EPS: US$2.48 (down from US$2.64 in 1Q 2023). Revenue: US$67.2m (down 6.9% from 1Q 2023). Net income: US$33.5m (down 12% from 1Q 2023). Profit margin: 50% (down from 53% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to stay flat during the next 2 years compared to a 3.4% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Announcement • Apr 12
Preferred Bank to Report Q1, 2024 Results on Apr 23, 2024 Preferred Bank announced that they will report Q1, 2024 results Pre-Market on Apr 23, 2024 Recent Insider Transactions • Mar 29
Chairman recently bought €449k worth of stock On the 25th of March, Li Yu bought around 7k shares on-market at roughly €67.42 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Li has been a buyer over the last 12 months, purchasing a net total of €190k worth in shares. Declared Dividend • Mar 24
Fourth quarter dividend of US$0.70 announced Shareholders will receive a dividend of US$0.70. Ex-date: 4th April 2024 Payment date: 19th April 2024 Dividend yield will be 3.5%, which is lower than the industry average of 4.8%. Sustainability & Growth Dividend is well covered by earnings (22% payout ratio) and is expected to be well covered in 3 years' time (33% forecast payout ratio). The dividend has increased by an average of 24% per year over the past 9 years and payments have been stable during that time. EPS is expected to decline by 18% over the next 2 years. However, it would need to fall by 75% to increase the payout ratio to a potentially unsustainable range. Announcement • Mar 21
Preferred Bank Declares Quarterly Cash Dividend, Payable on April 5, 2024 Preferred Bank reported that the Board of Directors has declared a quarterly cash dividend of $0.70 per share, payable on April 5, 2024 to holders of record on April 19, 2024. Recent Insider Transactions • Mar 09
Executive VP & Chief Credit Officer recently sold €483k worth of stock On the 6th of March, Nick Pi sold around 7k shares on-market at roughly €69.26 per share. This transaction amounted to 74% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €870k more than they bought in the last 12 months. Reported Earnings • Jan 25
Full year 2023 earnings released: EPS: US$10.64 (vs US$8.84 in FY 2022) Full year 2023 results: EPS: US$10.64 (up from US$8.84 in FY 2022). Revenue: US$286.5m (up 18% from FY 2022). Net income: US$150.0m (up 17% from FY 2022). Profit margin: 52% (in line with FY 2022). Revenue is expected to decline by 4.0% p.a. on average during the next 2 years, while revenues in the Banks industry in Europe are expected to grow by 1.9%. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Announcement • Jan 09
Preferred Bank to Report Q4, 2023 Results on Jan 24, 2024 Preferred Bank announced that they will report Q4, 2023 results on Jan 24, 2024 Upcoming Dividend • Dec 29
Upcoming dividend of US$0.70 per share at 3.7% yield Eligible shareholders must have bought the stock before 05 January 2024. Payment date: 22 January 2024. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 3.7%. Lower than top quartile of German dividend payers (5.1%). Lower than average of industry peers (6.1%). Announcement • Oct 07
Preferred Bank to Report Q3, 2023 Results on Oct 17, 2023 Preferred Bank announced that they will report Q3, 2023 results After-Market on Oct 17, 2023 Upcoming Dividend • Sep 28
Upcoming dividend of US$0.55 per share at 3.5% yield Eligible shareholders must have bought the stock before 05 October 2023. Payment date: 20 October 2023. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 3.5%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (6.1%). Announcement • Jul 07
Preferred Bank to Report Q2, 2023 Results on Jul 19, 2023 Preferred Bank announced that they will report Q2, 2023 results at 4:00 PM, US Eastern Standard Time on Jul 19, 2023 Upcoming Dividend • Jun 29
Upcoming dividend of US$0.55 per share at 4.0% yield Eligible shareholders must have bought the stock before 06 July 2023. Payment date: 21 July 2023. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 4.0%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (6.2%). Announcement • Jun 22
Preferred Bank Announces Quarterly Cash Dividend, Payable on July 21, 2023 Preferred Bank reported that the Board of Directors has declared a quarterly cash dividend of $0.55 per share, payable on July 21, 2023 to holders of record on July 7, 2023. New Risk • Jun 16
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: €259k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 7.7% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.1% average weekly change). Significant insider selling over the past 3 months (€259k sold). Recent Insider Transactions • Jun 16
Chairman recently sold €259k worth of stock On the 13th of June, Li Yu sold around 5k shares on-market at roughly €51.83 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Li has been a net seller over the last 12 months, reducing personal holdings by €2.4m. Valuation Update With 7 Day Price Move • Jun 08
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €50.00, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 7x in the Banks industry in Europe. Total returns to shareholders of 60% over the past three years. Reported Earnings • Jan 19
Full year 2022 earnings released: EPS: US$8.84 (vs US$6.41 in FY 2021) Full year 2022 results: EPS: US$8.84 (up from US$6.41 in FY 2021). Revenue: US$247.1m (up 29% from FY 2021). Net income: US$128.8m (up 35% from FY 2021). Profit margin: 52% (up from 50% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.1% p.a. on average during the next 2 years, compared to a 5.2% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Announcement • Jan 11
Preferred Bank to Report Q4, 2022 Results on Jan 18, 2023 Preferred Bank announced that they will report Q4, 2022 results After-Market on Jan 18, 2023 Recent Insider Transactions • Jan 02
Independent Director recently sold €566k worth of stock On the 29th of December, Chih-Wei Wu sold around 8k shares on-market at roughly €70.80 per share. This transaction amounted to 22% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth €1.5m. Insiders have been net sellers, collectively disposing of €13m more than they bought in the last 12 months. Upcoming Dividend • Dec 29
Upcoming dividend of US$0.55 per share Eligible shareholders must have bought the stock before 05 January 2023. Payment date: 20 January 2023. Payout ratio is a comfortable 22% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of German dividend payers (5.1%). Lower than average of industry peers (6.0%). Announcement • Dec 16
Preferred Bank Reports Quarterly Cash Dividend, Payable on January 20, 2023 Preferred Bank reported that the Board of Directors has declared a quarterly cash dividend of $0.55 per share, payable on January 20, 2023 to holders of record on January 6, 2023. Recent Insider Transactions • Dec 04
Independent Vice Chairman of the Board recently sold €144k worth of stock On the 1st of December, Clark Hsu sold around 2k shares on-market at roughly €71.99 per share. This transaction amounted to 1.7% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €1.5m. Clark has been a net seller over the last 12 months, reducing personal holdings by €2.5m. Recent Insider Transactions • Nov 25
Independent Vice Chairman of the Board recently sold €74k worth of stock On the 22nd of November, Clark Hsu sold around 1k shares on-market at roughly €73.62 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €1.5m. Clark has been a net seller over the last 12 months, reducing personal holdings by €2.4m. Recent Insider Transactions • Nov 16
Independent Director recently sold €743k worth of stock On the 10th of November, Chih-Wei Wu sold around 10k shares on-market at roughly €74.29 per share. This transaction amounted to 22% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth €1.5m. Insiders have been net sellers, collectively disposing of €13m more than they bought in the last 12 months. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 7 highly experienced directors. Independent Director Kathleen Shane was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Nov 12
Independent Vice Chairman of the Board recently sold €74k worth of stock On the 9th of November, Clark Hsu sold around 1k shares on-market at roughly €74.38 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €1.5m. Clark has been a net seller over the last 12 months, reducing personal holdings by €1.9m. Recent Insider Transactions • Oct 27
Independent Director recently sold €1.5m worth of stock On the 24th of October, Chih-Wei Wu sold around 20k shares on-market at roughly €74.55 per share. This transaction amounted to 21% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €2.1m. Insiders have been net sellers, collectively disposing of €8.7m more than they bought in the last 12 months. Reported Earnings • Oct 21
Third quarter 2022 earnings released: EPS: US$2.44 (vs US$1.76 in 3Q 2021) Third quarter 2022 results: EPS: US$2.44 (up from US$1.76 in 3Q 2021). Revenue: US$66.3m (up 27% from 3Q 2021). Net income: US$35.2m (up 35% from 3Q 2021). Profit margin: 53% (up from 50% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 17% per year whereas the company’s share price has increased by 16% per year. Announcement • Oct 12
Preferred Bank to Report Q3, 2022 Results on Oct 19, 2022 Preferred Bank announced that they will report Q3, 2022 results After-Market on Oct 19, 2022 Upcoming Dividend • Sep 29
Upcoming dividend of US$0.43 per share Eligible shareholders must have bought the stock before 06 October 2022. Payment date: 21 October 2022. Payout ratio is a comfortable 23% and this is well supported by cash flows. Trailing yield: 2.6%. Lower than top quartile of German dividend payers (5.5%). Lower than average of industry peers (6.8%). Announcement • Sep 22
Preferred Bank Declares Quarterly Cash Dividend, Payable on October 21, 2022 Preferred Bank reported that the board of directors has declared a quarterly cash dividend of $0.43 per share, payable on October 21, 2022 to holders of record on October 7, 2022. Recent Insider Transactions • Aug 21
Independent Director recently sold €368k worth of stock On the 18th of August, Chih-Wei Wu sold around 5k shares on-market at roughly €73.61 per share. In the last 3 months, there was an even bigger sale from another insider worth €2.1m. Insiders have been net sellers, collectively disposing of €7.1m more than they bought in the last 12 months. Recent Insider Transactions • Aug 06
Independent Director recently sold €104k worth of stock On the 4th of August, William C. Cheng sold around 1k shares on-market at roughly €69.64 per share. In the last 3 months, they made an even bigger sale worth €209k. Insiders have been net sellers, collectively disposing of €4.6m more than they bought in the last 12 months. Recent Insider Transactions • Jul 28
Independent Director recently sold €209k worth of stock On the 26th of July, William C. Cheng sold around 3k shares on-market at roughly €69.74 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €4.6m more than they bought in the last 12 months. Reported Earnings • Jul 22
Second quarter 2022 earnings released: EPS: US$1.90 (vs US$1.44 in 2Q 2021) Second quarter 2022 results: EPS: US$1.90 (up from US$1.44 in 2Q 2021). Revenue: US$56.1m (up 25% from 2Q 2021). Net income: US$28.1m (up 31% from 2Q 2021). Profit margin: 50% (up from 48% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 23%, compared to a 14% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 13% per year and the company’s share price has also increased by 13% per year. Announcement • Jul 14
Preferred Bank to Report Q2, 2022 Results on Jul 20, 2022 Preferred Bank announced that they will report Q2, 2022 results After-Market on Jul 20, 2022 Recent Insider Transactions • Jun 30
Independent Director recently sold €97k worth of stock On the 27th of June, William C. Cheng sold around 2k shares on-market at roughly €64.47 per share. In the last 3 months, they made an even bigger sale worth €98k. Insiders have been net sellers, collectively disposing of €4.4m more than they bought in the last 12 months. Upcoming Dividend • Jun 29
Upcoming dividend of US$0.43 per share Eligible shareholders must have bought the stock before 06 July 2022. Payment date: 21 July 2022. Payout ratio is a comfortable 24% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of German dividend payers (4.5%). Lower than average of industry peers (6.6%). Announcement • Jun 23
Preferred Bank Declares Quarterly Cash Dividend, Payable on July 21, 2022 Preferred Bank reported that the Board of Directors has declared a quarterly cash dividend of $0.43 per share, payable on July 21, 2022 to holders of record on July 7, 2022. Announcement • Jun 08
Preferred Bank (NasdaqGS:PFBC) announces an Equity Buyback for $32 million worth of its shares. Preferred Bank (NasdaqGS:PFBC) announces a share repurchase program. Under the program, the company will repurchase up to $32 million worth of its own shares. Announcement • May 12
Preferred Bank Announces Resignation of Shirley Wang from its Board of Directors Preferred Bank announced that Shirley Wang, Director has tendered her resignation from the Bank’s Board of Directors. Wang’s departure is for personal reasons and is not the result of any disagreements with management or accounting irregularities. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 7 highly experienced directors. Independent Director Kathleen Shane was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 21
First quarter 2022 earnings released: EPS: US$1.76 (vs US$1.42 in 1Q 2021) First quarter 2022 results: EPS: US$1.76 (up from US$1.42 in 1Q 2021). Revenue: US$52.5m (up 16% from 1Q 2021). Net income: US$26.0m (up 23% from 1Q 2021). Profit margin: 50% (up from 47% in 1Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 13%, compared to a 8.3% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 17% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Apr 06
Preferred Bank to Report Q1, 2022 Results on Apr 19, 2022 Preferred Bank announced that they will report Q1, 2022 results After-Market on Apr 19, 2022 Upcoming Dividend • Mar 30
Upcoming dividend of US$0.43 per share Eligible shareholders must have bought the stock before 06 April 2022. Payment date: 21 April 2022. Payout ratio is a comfortable 25% but the company is not cash flow positive. Trailing yield: 2.2%. Lower than top quartile of German dividend payers (3.7%). Lower than average of industry peers (5.8%). Recent Insider Transactions • Mar 17
Independent Vice Chairman of the Board recently sold €56k worth of stock On the 14th of March, Clark Hsu sold around 800 shares on-market at roughly €69.72 per share. In the last 3 months, there was an even bigger sale from another insider worth €703k. Clark has been a seller over the last 12 months, reducing personal holdings by €644k. Recent Insider Transactions • Feb 04
Independent Director recently sold €305k worth of stock On the 28th of January, Chih-Wei Wu sold around 4k shares on-market at roughly €70.33 per share. In the last 3 months, they made an even bigger sale worth €607k. Insiders have been net sellers, collectively disposing of €3.7m more than they bought in the last 12 months. Reported Earnings • Jan 20
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: US$6.41 (up from US$4.65 in FY 2020). Revenue: US$194.6m (up 31% from FY 2020). Net income: US$95.3m (up 38% from FY 2020). Profit margin: 49% (up from 47% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 8.3%, compared to a 11% growth forecast for the banks industry in Germany. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Dec 30
Upcoming dividend of US$0.43 per share Eligible shareholders must have bought the stock before 06 January 2022. Payment date: 21 January 2022. Payout ratio is a comfortable 24% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of German dividend payers (3.3%). Lower than average of industry peers (3.3%). Recent Insider Transactions • Dec 18
Independent Vice Chairman of the Board recently sold €118k worth of stock On the 14th of December, Clark Hsu sold around 2k shares on-market at roughly €59.04 per share. In the last 3 months, there was an even bigger sale from another insider worth €607k. Clark has been a seller over the last 12 months, reducing personal holdings by €605k. Recent Insider Transactions • Dec 06
Independent Director recently sold €607k worth of stock On the 2nd of December, Chih-Wei Wu sold around 10k shares on-market at roughly €60.72 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €3.2m more than they bought in the last 12 months. Recent Insider Transactions • Nov 07
Chairman recently sold €238k worth of stock On the 4th of November, Li Yu sold around 4k shares on-market at roughly €59.49 per share. This was the largest sale by an insider in the last 3 months. Li has been a seller over the last 12 months, reducing personal holdings by €336k. Board Change • Nov 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 1 experienced director. 7 highly experienced directors. Independent Director Kathleen Shane was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 22
Third quarter 2021 earnings released: EPS US$1.76 (vs US$1.15 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$52.0m (up 42% from 3Q 2020). Net income: US$26.1m (up 53% from 3Q 2020). Profit margin: 50% (up from 47% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 10% per year. Board Change • Oct 02
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 1 experienced director. 7 highly experienced directors. Independent Director Kathleen Shane was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Sep 29
Upcoming dividend of US$0.38 per share Eligible shareholders must have bought the stock before 06 October 2021. Payment date: 21 October 2021. Trailing yield: 2.3%. Lower than top quartile of German dividend payers (3.2%). Lower than average of industry peers (3.2%). Recent Insider Transactions • Aug 07
Chairman recently sold €98k worth of stock On the 5th of August, Li Yu sold around 2k shares on-market at roughly €49.17 per share. In the last 3 months, there was an even bigger sale from another insider worth €216k. This was Li's only on-market trade for the last 12 months. Reported Earnings • Jul 21
Second quarter 2021 earnings released: EPS US$1.44 (vs US$1.03 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$45.0m (up 25% from 2Q 2020). Net income: US$21.5m (up 41% from 2Q 2020). Profit margin: 48% (up from 42% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Upcoming Dividend • Jun 29
Upcoming dividend of US$0.38 per share Eligible shareholders must have bought the stock before 06 July 2021. Payment date: 21 July 2021. Trailing yield: 2.4%. Lower than top quartile of German dividend payers (3.1%). Lower than average of industry peers (2.7%). Recent Insider Transactions • May 28
Independent Director recently sold €216k worth of stock On the 26th of May, William C. Cheng sold around 4k shares on-market at roughly €54.04 per share. In the last 3 months, there was an even bigger sale from another insider worth €770k. Insiders have been net sellers, collectively disposing of €2.3m more than they bought in the last 12 months. Recent Insider Transactions • May 16
President & COO recently sold €51k worth of stock On the 14th of May, Wellington Chen sold around 900 shares on-market at roughly €56.48 per share. In the last 3 months, there was an even bigger sale from another insider worth €770k. Wellington has been a seller over the last 12 months, reducing personal holdings by €238k. Recent Insider Transactions • Apr 29
Independent Director recently sold €548k worth of stock On the 27th of April, William C. Cheng sold around 10k shares on-market at roughly €55.37 per share. In the last 3 months, there was an even bigger sale from another insider worth €770k. Insiders have been net sellers, collectively disposing of €1.9m more than they bought in the last 12 months. Reported Earnings • Apr 25
First quarter 2021 earnings released: EPS US$1.42 (vs US$1.08 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: US$45.3m (up 19% from 1Q 2020). Net income: US$21.2m (up 32% from 1Q 2020). Profit margin: 47% (up from 42% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Mar 30
Upcoming dividend of US$0.38 per share Eligible shareholders must have bought the stock before 06 April 2021. Payment date: 21 April 2021. Trailing yield: 2.4%. Lower than top quartile of German dividend payers (3.3%). Lower than average of industry peers (3.8%). Announcement • Mar 19
Preferred Bank Increases Quarterly Cash Dividend, Payable on April 21, 2021 Preferred Bank reported that the board of directors has increased the quarterly cash dividend to $0.38 per share, an increase of 26.7% over the previous dividend of $0.30 per share. The dividend is payable on April 21, 2021 to holders of record on April 7, 2021. Recent Insider Transactions • Mar 07
Independent Director recently sold €770k worth of stock On the 3rd of March, Wayne Wu sold around 15k shares on-market at roughly €51.36 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €710k more than they bought in the last 12 months. Is New 90 Day High Low • Feb 10
New 90-day high: €43.20 The company is up 40% from its price of €30.80 on 12 November 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Banks industry, which is up 13% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €107 per share. Announcement • Jan 15
Preferred Bank to Report Q4, 2020 Results on Jan 25, 2021 Preferred Bank announced that they will report Q4, 2020 results After-Market on Jan 25, 2021