Preferred Bank Q3 2026 net income falls 8% year over year to $32.95 million

Bitget2026/10/23 12:03

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Preferred Bank’s third-quarter 2026 net income fell 8% year over year to $32.95 million.
Net interest income dropped 6% year over year to $66.71 million, hurt by $2.1 million in interest reversals.
Noninterest income climbed 36% year over year to $4.99 million, supported by higher letters-of-credit fees.
Nonaccrual and other loans overdue at least 90 days, excluding held-for-sale loans, rose 11% from June 30 to $109.4 million.
A $56.7 million mixed-use property loan placed on nonaccrual status is under contract for sale at par, with closing expected in October.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Preferred Bank published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202610230800PRIMZONEFULLFEED9851882) on October 23, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Preferred Bank Q3 2026 net income falls 8% year over year to $32.95 million

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