PFBC Q3 deep dive: deposit competition and credit challenges weigh on results
Preferred Bank (PFBC) faces challenges in deposit retention due to competition and customer preference for higher-yielding alternatives, which may impact funding costs. Loan growth is expected to improve, but higher rates have made customers more selective. The timing of resolving nonaccrual loans remains uncertain. The bank's stock is currently trading at $107.08, down from $108.62 before earnings.







