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Preferred Bank's Profits Jump in Q2 After Stock Buybacks

Preferred Bank (PFBC 4.63%) reported GAAP net income of 32.8million,or32.8 million, or 2.52 per share, in Q2 2025, a sequential increase driven by approximately 7% annualized loan growth and net interest margin (NIM) expanded to 3.85%. Key developments included a 56millionsharerepurchaseatapproximately56 million share repurchase at approximately 80.81 per share, stable deposit levels, improved asset quality, and early signs of rising loan demand heading into Q3. PFBC materially enlarges capital return via aggressive repurchasesDuring the second quarter, t ...