PREFERRED BANK (PFBC) reported a profit for first quarter that decreased from last year and missed the Street estimates.
The company's earnings totaled $30.02 million, or $2.23 per share. This compares with $33.46 million, or $2.44 per share, last year.
Analysts on average had expected the company to earn $2.33 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period fell 1.9% to $66.7 million from $68.0 million last year.
PREFERRED BANK earnings at a glance (GAAP) :
-Earnings: $30.02 Mln. vs. $33.46 Mln. last year.
-EPS: $2.23 vs. $2.44 last year.
-Revenue: $66.7 Mln vs. $68.0 Mln last year.
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