Preferred Bank (PFBC) - Net Assets
Based on the latest financial reports, Preferred Bank (PFBC) has net assets worth $770.20 Million USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($7.65 Billion) and total liabilities ($6.88 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check PFBC intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $770.20 Million |
| % of Total Assets | 10.06% |
| Annual Growth Rate | 11.86% |
| 5-Year Change | 34.56% |
| 10-Year Change | 164.87% |
| Growth Volatility | 19.27 |
Preferred Bank - Net Assets Trend (2002–2025)
This chart illustrates how Preferred Bank's net assets have evolved over time, based on quarterly financial data. See operational self-sufficiency of Preferred Bank to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Preferred Bank (2002–2025)
The table below shows the annual net assets of Preferred Bank from 2002 to 2025. For live valuation and market cap data, see PFBC market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $789.48 Million | +3.45% |
| 2024-12-31 | $763.15 Million | +9.79% |
| 2023-12-31 | $695.11 Million | +10.26% |
| 2022-12-31 | $630.43 Million | +7.45% |
| 2021-12-31 | $586.72 Million | +11.66% |
| 2020-12-31 | $525.45 Million | +11.79% |
| 2019-12-31 | $470.01 Million | +12.81% |
| 2018-12-31 | $416.65 Million | +17.36% |
| 2017-12-31 | $355.03 Million | +19.11% |
| 2016-12-31 | $298.06 Million | +12.84% |
| 2015-12-31 | $264.14 Million | +12.39% |
| 2014-12-31 | $235.03 Million | +13.59% |
| 2013-12-31 | $206.92 Million | +10.16% |
| 2012-12-31 | $187.84 Million | +18.85% |
| 2011-12-31 | $158.05 Million | +11.83% |
| 2010-12-31 | $141.33 Million | +65.55% |
| 2009-12-31 | $85.37 Million | -37.91% |
| 2008-12-31 | $137.49 Million | -10.11% |
| 2007-12-31 | $152.95 Million | +4.81% |
| 2006-12-31 | $145.93 Million | +17.83% |
| 2005-12-31 | $123.85 Million | +61.24% |
| 2004-12-31 | $76.81 Million | +13.39% |
| 2003-12-31 | $67.74 Million | +13.05% |
| 2002-12-31 | $59.92 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Preferred Bank's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 78063700000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $780.64 Million | 98.88% |
| Common Stock | $210.88 Million | 26.71% |
| Other Comprehensive Income | $-13.74 Million | -1.74% |
| Total Equity | $789.48 Million | 100.00% |
Preferred Bank Competitors by Market Cap
The table below lists competitors of Preferred Bank ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Anhui Water Resources Development Co Ltd
SHG:600502
|
$1.16 Billion |
|
Lufax Holding Ltd
NYSE:LU
|
$1.16 Billion |
|
RLJ Lodging Trust
NYSE:RLJ
|
$1.16 Billion |
|
Avanos Medical Inc
NYSE:AVNS
|
$1.16 Billion |
|
ARB Corporation Ltd
AU:ARB
|
$1.16 Billion |
|
OVH GROUPE UNSP.ADR/1/2
F:7U70
|
$1.16 Billion |
|
Shenzhen Sunline Tech Co Ltd
SHE:300348
|
$1.16 Billion |
|
Beijing Wandong Medical Technology Co Ltd
SHG:600055
|
$1.16 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Preferred Bank's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 763,152,000 to 789,477,000, a change of 26,325,000 (3.4%).
- Net income of 133,632,000 contributed positively to equity growth.
- Dividend payments of 38,252,000 reduced retained earnings.
- Share repurchases of 93,103,000 reduced equity.
- Other comprehensive income increased equity by 13,716,001.
- Other factors increased equity by 10,331,999.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $133.63 Million | +16.93% |
| Dividends Paid | $38.25 Million | -4.85% |
| Share Repurchases | $93.10 Million | -11.79% |
| Other Comprehensive Income | $13.72 Million | +1.74% |
| Other Changes | $10.33 Million | +1.31% |
| Total Change | $- | 3.45% |
Book Value vs Market Value Analysis
This analysis compares Preferred Bank's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.60x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 2.82x to 1.60x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2002-12-31 | $34.90 | $98.39 | x |
| 2003-12-31 | $41.40 | $98.39 | x |
| 2004-12-31 | $44.09 | $98.39 | x |
| 2005-12-31 | $60.74 | $98.39 | x |
| 2006-12-31 | $69.13 | $98.39 | x |
| 2007-12-31 | $72.28 | $98.39 | x |
| 2008-12-31 | $70.08 | $98.39 | x |
| 2009-12-31 | $27.50 | $98.39 | x |
| 2010-12-31 | $20.69 | $98.39 | x |
| 2011-12-31 | $12.16 | $98.39 | x |
| 2012-12-31 | $14.18 | $98.39 | x |
| 2013-12-31 | $15.48 | $98.39 | x |
| 2014-12-31 | $17.26 | $98.39 | x |
| 2015-12-31 | $19.31 | $98.39 | x |
| 2016-12-31 | $21.31 | $98.39 | x |
| 2017-12-31 | $24.50 | $98.39 | x |
| 2018-12-31 | $27.67 | $98.39 | x |
| 2019-12-31 | $31.21 | $98.39 | x |
| 2020-12-31 | $35.30 | $98.39 | x |
| 2021-12-31 | $39.47 | $98.39 | x |
| 2022-12-31 | $42.57 | $98.39 | x |
| 2023-12-31 | $48.74 | $98.39 | x |
| 2024-12-31 | $56.30 | $98.39 | x |
| 2025-12-31 | $61.50 | $98.39 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Preferred Bank utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 16.93%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 26.78%
- • Asset Turnover: 0.07x
- • Equity Multiplier: 9.63x
- Recent ROE (16.93%) is above the historical average (7.81%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 7.35% | 17.35% | 0.04x | 11.78x | $-1.59 Million |
| 2003 | 4.07% | 7.02% | 0.05x | 11.25x | $-4.02 Million |
| 2004 | 14.52% | 26.03% | 0.05x | 11.81x | $3.47 Million |
| 2005 | 13.59% | 76.34% | 0.02x | 9.18x | $4.44 Million |
| 2006 | 16.00% | 25.03% | 0.07x | 9.24x | $8.76 Million |
| 2007 | 17.30% | 22.88% | 0.08x | 10.09x | $11.17 Million |
| 2008 | -3.65% | -5.51% | 0.06x | 10.79x | $-18.76 Million |
| 2009 | -84.96% | -110.99% | 0.05x | 15.31x | $-81.07 Million |
| 2010 | -11.89% | -40.02% | 0.03x | 8.89x | $-30.94 Million |
| 2011 | 7.74% | 25.36% | 0.04x | 8.29x | $-3.57 Million |
| 2012 | 12.71% | 42.29% | 0.04x | 8.28x | $5.09 Million |
| 2013 | 9.28% | 26.32% | 0.04x | 8.55x | $-1.49 Million |
| 2014 | 10.46% | 28.91% | 0.04x | 8.74x | $1.09 Million |
| 2015 | 11.26% | 30.02% | 0.04x | 9.84x | $3.33 Million |
| 2016 | 12.20% | 28.51% | 0.04x | 10.81x | $6.56 Million |
| 2017 | 12.22% | 26.64% | 0.04x | 10.62x | $7.89 Million |
| 2018 | 17.04% | 34.81% | 0.05x | 10.12x | $29.33 Million |
| 2019 | 16.67% | 33.64% | 0.05x | 9.85x | $31.37 Million |
| 2020 | 13.22% | 31.53% | 0.04x | 9.79x | $16.92 Million |
| 2021 | 16.23% | 43.53% | 0.04x | 10.31x | $36.57 Million |
| 2022 | 20.44% | 42.75% | 0.05x | 10.19x | $65.80 Million |
| 2023 | 21.59% | 31.14% | 0.07x | 9.58x | $80.53 Million |
| 2024 | 17.12% | 25.11% | 0.08x | 9.07x | $54.35 Million |
| 2025 | 16.93% | 26.78% | 0.07x | 9.63x | $54.68 Million |
Industry Comparison
This section compares Preferred Bank's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $389,399,400
- Average return on equity (ROE) among peers: 10.20%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Preferred Bank (PFBC) | $770.20 Million | 7.35% | 8.94x | $1.16 Billion |
| Ameris Bancorp (ABCB) | $514.76 Million | 7.94% | 9.86x | $4.95 Billion |
| Ameris Bancorp (ABCB) | $68.20 Million | 10.85% | 9.15x | $5.79 Billion |
| ACNB Corporation (ACNB) | $51.46 Million | 12.55% | 7.93x | $483.21 Million |
| Affinity Bancshares Inc (AFBI) | $76.38 Million | 0.59% | 3.01x | $137.13 Million |
| Alerus Financial Corp (ALRS) | $127.25 Million | 8.42% | 8.09x | $736.27 Million |
| Amalgamated Bank (AMAL) | $508.95 Million | 16.01% | 14.41x | $1.27 Billion |
| Amerant Bancorp Inc. (AMTB) | $1.00 Billion | 3.23% | 8.67x | $974.56 Million |
| Arrow Financial Corporation (AROW) | $431.85 Million | 10.18% | 9.29x | $622.98 Million |
| Associated Banc-Corp (ASB) | $968.70 Million | 17.34% | 12.55x | $5.45 Billion |
| AmeriServ Financial Inc (ASRV) | $141.70 Million | 14.89% | 15.78x | $62.43 Million |
About Preferred Bank
Preferred Bank provides various banking products and services to small and mid-sized businesses, entrepreneurs, real estate developers, professionals, and high net worth individuals. The company accepts checking, savings, and money market deposit accounts; fixed-rate and fixed maturity retail, and non-retail certificates of deposit; and individual retirement accounts. It also provides real estate… Read more