From GlobeNewswire: 2025-05-22 16:05:00

Preferred Bank (NASDAQ: PFBC) shareholders have approved a new $125 million stock repurchase plan. The Bank completed its $150 million repurchase plan, buying back 818,059 shares for $65.7 million in the first and second quarters of 2025. The average price per share was $70.13. The new repurchase plan requires regulatory approval due to the Bank’s structure. Chairman and CEO Li Yu stated that buying back stock is a way to return capital to shareholders in a period of slowed organic growth and high profitability. Preferred Bank offers a range of banking services with branches in California, New York, and Texas.



Read more at GlobeNewswire: Preferred Bank Announces Stock Buyback