Preferred Bank Q2 earnings beat estimates, revenue up

Preferred Bank reported Q2 2026 results with diluted EPS of $2.78, well above the year-ago period. Revenue for the quarter ranged around $72-73 million across reports, with some sources showing $72.27 million and others $73.47 million, resulting in a mixed reception to top-line results. Net income was about $33.5 million, driven primarily by a rise in net interest income, offset by modest declines in noninterest income and higher expenses in some analyses. Most assessments characterized the quarter as essentially inline or modestly above expectations, noting EPS beats while revenue sometimes missed or met consensus depending on the metric. The release did not include forward-looking guidance, leaving investors to weigh the quarter against revisions and market sentiment; multiple reports also highlighted stock performance and valuation considerations, including a year-to-date gain and various price targets. Analysts and investors also tracked institutional investor activity and noted notable changes in holdings around the quarter.