Preferred Bank reported a net income of $32.9 million for Q3 2026, a decrease from the previous year and quarter mainly due to a $2.1 million interest income reversal from loans placed on nonaccrual status. Net interest income fell by $4.6 million year-over-year, partially offset by higher noninterest income. Deposits grew by $77.7 million, but net interest margin contracted to 3.49% due to interest reversals and higher subordinated debt costs. The bank expects continued deposit competition and is optimistic about loan growth and economic conditions in 2027.
Preferred Bank's third quarter results provide context for readers following financial institutions. For readers following financial stocks, here is Pluang's market snapshot as of Oct 23, 2026 18:02 WIB: Among 142 priced Financials-sector US stocks tradable on Pluang, 50 rose and 84 fell today. Notable movers include Banco Bradesco Sa American Depositary Shares (BBD) at USD 3.78 with a 1-day change of -4.30% and 100% sell order activity, Lufax Holding Ltd (LU) at USD 8.70 with a 1-day change of +3.82% and 100% sell order activity, and Flagstar Bank NA (FLG) at USD 11.05 with a 1-day change of -3.58%. Typical hold times on Pluang range from 8 to 25 days for these stocks.
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