Name | Value |
---|---|
Revenues | 72.6M |
Cost of Revenue | 0.0M |
Gross Profit | 72.6M |
Operating Expense | 16.0M |
Operating I/L | 88.6M |
Other Income/Expense | -2.0M |
Interest Income | 109.1M |
Pretax | 53.2M |
Income Tax Expense | 15.2M |
Net Income/Loss | 38.1M |
Preferred Bank offers a range of commercial banking products and services to small and mid-sized businesses, entrepreneurs, real estate developers, professionals, and high net worth individuals in the United States. The company generates revenue through various means, including accepting deposits such as checking, savings, and money market accounts, providing real estate mortgage loans, commercial loans, SBA loans, and trade finance services. Additionally, it offers high-wealth banking services, remote deposit capture, online and mobile banking, and specialized banking services for professionals and companies. The company operates through a network of full-service branch offices and serves clients in both California and New York.