PFBC
Income statement / Annual
Last year (2023), Preferred Bank's total revenue was $275.59 M,
an increase of 8.33% from the previous year.
In 2023, Preferred Bank's net income was $150.04 M.
See Preferred Bank’s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
FY-2017
|
FY-2016
|
FY-2015
|
FY-2014
|
| Period Ended |
12/31/2023 |
12/31/2022 |
12/31/2021 |
12/31/2020 |
12/31/2019 |
12/31/2018 |
12/31/2017 |
12/31/2016 |
12/31/2015 |
12/31/2014 |
| Operating Revenue |
$275.59 M
|
$254.40 M
|
$193.62 M
|
$180.21 M
|
$170.88 M
|
$163.02 M
|
$134.97 M
|
$108.81 M
|
$88.22 M
|
$75.73 M
|
| Cost of Revenue |
-$206.17 M |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
| Gross Profit |
$481.76 M |
$254.40 M |
$193.62 M |
$180.21 M |
$170.88 M |
$163.02 M |
$134.97 M |
$108.81 M |
$88.22 M |
$75.73 M |
| Gross Profit Ratio |
1.75 |
1 |
1 |
1 |
1 |
1 |
1 |
1 |
1 |
1 |
| Research and Development
Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| General & Administrative
Expenses |
$51.31 M
|
$48.61 M
|
$45.05 M
|
$41.97 M
|
$41.50 M
|
$37.02 M
|
$32.26 M
|
$28.08 M
|
$22.67 M
|
$19.63 M
|
| Selling & Marketing
Expenses |
$737,000.00
|
$811,000.00
|
$568,000.00
|
$564,000.00
|
$840,000.00
|
$816,000.00
|
$883,000.00
|
$845,000.00
|
$593,000.00
|
$420,000.00
|
| Selling, General &
Administrative Expenses |
$64.96 M
|
$49.42 M
|
$45.05 M
|
$41.97 M
|
$41.50 M
|
$37.02 M
|
$32.26 M
|
$28.08 M
|
$22.67 M
|
$19.63 M
|
| Other Expenses |
$0.00 |
-$77.60 M |
-$104.85 M |
-$125.32 M |
-$100.98 M |
-$61.22 M |
-$58.85 M |
-$58.46 M |
-$49.81 M |
-$45.17 M |
| Operating Expenses |
$64.96 M |
-$28.18 M |
-$59.79 M |
-$83.35 M |
-$59.48 M |
-$23.38 M |
-$26.59 M |
-$30.38 M |
-$27.13 M |
-$25.54 M |
| Cost And Expenses |
$64.96 M |
-$28.18 M |
-$59.79 M |
-$83.35 M |
-$59.48 M |
-$23.38 M |
-$26.59 M |
-$30.38 M |
-$27.13 M |
-$25.54 M |
| Interest Income |
$477.99 M |
$294.38 M |
$211.04 M |
$214.26 M |
$226.72 M |
$195.17 M |
$157.60 M |
$122.91 M |
$94.70 M |
$80.33 M |
| Interest Expense |
$188.61 M |
$47.02 M |
$25.16 M |
$40.11 M |
$62.08 M |
$40.94 M |
$27.90 M |
$18.73 M |
$10.86 M |
$9.34 M |
| Depreciation &
Amortization |
$1.72 M
|
$1.89 M
|
$1.90 M
|
$1.90 M
|
$1.34 M
|
$953,000.00
|
$990,000.00
|
$929,000.00
|
$623,000.00
|
$484,000.00
|
| EBITDA |
$211.57 M
|
$181.09 M
|
$135.72 M
|
$98.77 M
|
$112.75 M
|
$99.65 M
|
$81.47 M
|
$60.63 M
|
$50.85 M
|
$41.33 M
|
| EBITDA Ratio |
0.77 |
0.9 |
0.7 |
0.55 |
0.66 |
0.86 |
0.81 |
0.73 |
0.7 |
0.67 |
| Operating Income Ratio
|
0
|
0.89
|
0.69
|
0.54
|
0.65
|
0.86
|
0.8
|
0.72
|
0.69
|
0.66
|
| Total Other
Income/Expenses Net |
-$778,000.00
|
-$895,000.00
|
-$2.45 M
|
-$176,000.00
|
-$503,000.00
|
-$634,000.00
|
-$3.99 M
|
-$2.95 M
|
-$2.50 M
|
-$1.87 M
|
| Income Before Tax |
$209.85 M |
$179.20 M |
$133.83 M |
$96.86 M |
$111.41 M |
$98.70 M |
$80.48 M |
$59.70 M |
$50.23 M |
$40.85 M |
| Income Before Tax Ratio
|
0.76
|
0.7
|
0.69
|
0.54
|
0.65
|
0.61
|
0.6
|
0.55
|
0.57
|
0.54
|
| Income Tax Expense |
$59.81 M |
$50.35 M |
$38.59 M |
$27.39 M |
$33.04 M |
$27.71 M |
$37.09 M |
$23.33 M |
$20.49 M |
$16.26 M |
| Net Income |
$150.04 M |
$128.85 M |
$95.24 M |
$69.47 M |
$78.37 M |
$70.99 M |
$43.39 M |
$36.37 M |
$29.74 M |
$24.59 M |
| Net Income Ratio |
0.54 |
0.51 |
0.49 |
0.39 |
0.46 |
0.44 |
0.32 |
0.33 |
0.34 |
0.32 |
| EPS |
10.64 |
8.84 |
6.41 |
4.65 |
5.16 |
4.71 |
2.97 |
2.58 |
2.17 |
1.83 |
| EPS Diluted |
10.52 |
8.7 |
6.41 |
4.65 |
5.16 |
4.71 |
2.96 |
2.56 |
2.14 |
1.78 |
| Weighted Average Shares
Out |
$14.10 M
|
$14.58 M
|
$14.87 M
|
$14.89 M
|
$15.06 M
|
$15.06 M
|
$14.44 M
|
$13.88 M
|
$13.48 M
|
$13.29 M
|
| Weighted Average Shares
Out Diluted |
$14.26 M
|
$14.81 M
|
$14.87 M
|
$14.89 M
|
$15.06 M
|
$15.06 M
|
$14.49 M
|
$13.99 M
|
$13.68 M
|
$13.62 M
|
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