Preferred Bank Revenue and Competitors

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Location

$37M

Total Funding

Banking

Industry

Estimated Revenue & Valuation

  • Preferred Bank's estimated annual revenue is currently $179.9M per year.(i)
  • Preferred Bank received $77.0M in venture funding in June 2010.
  • Preferred Bank's estimated revenue per employee is $765,745
  • Preferred Bank's total funding is $37M.
  • Preferred Bank's current valuation is $1.2B. (January 2022)

Employee Data

  • Preferred Bank has 235 Employees.(i)
  • Preferred Bank grew their employee count by 6% last year.
Competitor NameRevenueNumber of EmployeesEmployee GrowthTotal FundingValuation
#1
$8.4M5612%N/AN/A
#2
$4.3M3223%N/AN/A
#3
$6.6M390%N/AN/A
#4
$93.6M1392%N/AN/A
#5
$10.2M5413%N/AN/A
#6
$11.2M5913%N/AN/A
#7
$58.2M25212%N/AN/A
#8
$8.2M49-17%N/AN/A
#9
$136.2M519N/AN/AN/A
#10
$23.7M113-1%N/AN/A

Preferred Bank is one of the larger independent commercial banks in California with a niche in the Chinese-American Market. The Bank is chartered by the State of California, and its deposits are insured by the Federal Deposit Insurance Corporation, or FDIC, to the maximum extent permitted by law. We conduct our banking business from our main office in Los Angeles, California, and through ten full-service branch banking offices in Alhambra, Century City, City of Industry, Torrance, Arcadia, Irvine, Diamond Bar, Anaheim, Pico Rivera and San Francisco, California. We offer a broad range of deposit and loan products and services to both commercial and consumer customers. These consist of customized deposit services and an integrated cash management program as well as real estate finance, commercial loans and trade finance to small and mid-sized businesses, entrepreneurs, real estate developers, professionals and high net worth individuals. Although originally founded as a Chinese-American Bank, Preferred Bank now derives most of its customers from the diversified mainstream market but does continue to benefit from the significant migration to California of ethnic Chinese from China and other areas of East Asia. With total assets at $1.8 billion as of March 31, 2014, Preferred Bank is also a member of the Federal Home Loan Bank of San Francisco. The Bank's common stock is listed on the NASDAQ stock market under the ticker symbol PFBC.

keywords:Banking,Finance

$37M

Total Funding

235

Number of Employees

$179.9M

Revenue (est)

6%

Employee Growth %

$1.2B

Valuation

N/A

Accelerator

Preferred Bank News

2022-04-19 - Earnings Preview For Preferred Bank - Benzinga

Here's what investors need to know before the announcement. Analysts estimate that Preferred Bank will report an earnings per share (EPS) of...

2022-04-17 - Head to Head Analysis: Preferred Bank (NASDAQ:PFBC) and ...

Preferred Bank provides various commercial banking products and services to small and mid-sized businesses and their owners, entrepreneurs, real...

2022-04-17 - Preferred Bank (PFBC) to Release Earnings on Tuesday

Preferred Bank provides various commercial banking products and services to small and mid-sized businesses and their owners, entrepreneurs, real...

Company NameRevenueNumber of EmployeesEmployee GrowthTotal Funding
#1
$69.8M2354%N/A
#2
$46.5M235N/AN/A
#3
$69.8M23524%N/A
#4
$35M23512%N/A
#5
$37.7M2354%N/A

Preferred Bank Funding

DateAmountRoundLead InvestorsReference
2010-06-22$77.0MUndisclosedSandler O'Neill + Partners LPArticle