Preferred Bank Q1 FY26 net income rises 3.7% to $31.1 million

Preferred Bank

Preferred Bank

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  • Preferred Bank reported first-quarter 2026 net income of $31.1 million, down 10.6% from the prior quarter.
  • Diluted EPS fell to $2.53.
  • Net interest margin narrowed to 3.57% from 3.74% in the prior quarter due to a $3.4 million net interest reversal tied to loans moved to nonaccrual status.
  • Nonperforming assets climbed to $172.1 million from $54.8 million at Dec. 31, 2025 after $117.6 million in loans tied to one relationship were placed on nonaccrual.
  • Management said it sold a $9.4 million loan at par during the quarter and sold two loans totaling $48.5 million at par on April 1 as it works with note buyers to resolve additional nonaccrual loans.


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