Preferred Bank reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported net interest income was USD 68.5 million compared to USD 73.72 million a year ago. Net income was USD 33.47 million compared to USD 38.07 million a year ago.

Basic earnings per share from continuing operations was USD 2.48 compared to USD 2.64 a year ago. Diluted earnings per share from continuing operations was USD 2.44 compared to USD 2.61 a year ago.