Preferred Bank (Preferred Bank) Total Assets : $6,632.5 Mil (As of Sep. 2023)

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What is Preferred Bank Total Assets?

Preferred Bank's Total Assets for the quarter that ended in Sep. 2023 was $6,632.5 Mil.

During the past 12 months, Preferred Bank's average Total Assets Growth Rate was 2.20% per year. During the past 3 years, the average Total Assets Growth Rate was 10.50% per year. During the past 5 years, the average Total Assets Growth Rate was 10.30% per year. During the past 10 years, the average Total Assets Growth Rate was 16.00% per year.

During the past 13 years, Preferred Bank's highest 3-Year average Total Assets Growth Rate was 24.70%. The lowest was -11.90%. And the median was 12.70%.

Total Assets is connected with ROA %. Preferred Bank's annualized ROA % for the quarter that ended in Sep. 2023 was 2.30%. Total Assets is also linked to Revenue through Asset Turnover. Preferred Bank's Asset Turnover for the quarter that ended in Sep. 2023 was 0.01.

Preferred Bank Total Assets Historical Data

The historical data trend for Preferred Bank's Total Assets can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Preferred Bank Total Assets Chart

Preferred Bank Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Total Assets

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4,216.44

4,628.48

5,143.64

6,046.30

6,425.36

Preferred Bank Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Total Assets	Get a 7-Day Free Trial															6,292.84	6,425.36	6,461.54	6,667.94	6,632.53

Preferred Bank Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

Preferred Bank's Total Assets for the fiscal year that ended in Dec. 2022 is calculated as

Total Assets	=	Total Equity (A: Dec. 2022 )	+	Total Liabilities (A: Dec. 2022 )
	=	630.426	+	5794.932
	=	6,425.4

Preferred Bank's Total Assets for the quarter that ended in Sep. 2023 is calculated as

Total Assets	=	Total Equity (Q: Sep. 2023 )	+	Total Liabilities (Q: Sep. 2023 )
	=	670.508	+	5962.022
	=	6,632.5

Preferred Bank (NAS:PFBC) Total Assets Explanation

Total Assets is connected with ROA %.

Preferred Bank's annualized ROA % for the quarter that ended in Sep. 2023 is

ROA %	=	Net Income (Q: Sep. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Sep. 2023 ))	/ count )
	=	152.768	/	( (6667.942	+	6632.53)	/ 2 )
	=	152.768	/	6650.236
	=	2.30 %

Note: The Net Income data used here is four times the quarterly (Sep. 2023) data.

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

Preferred Bank's Asset Turnover for the quarter that ended in Sep. 2023 is

	Asset Turnover
=	Revenue (Q: Sep. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Sep. 2023 ))	/ count )
=	75.926	/	( (6667.942	+	6632.53)	/ 2 )
=	75.926	/	6650.236
=	0.01

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

Preferred Bank Total Assets Related Terms

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Preferred Bank (Preferred Bank) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Preferred Bank (NAS:PFBC) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

1IU:Germany

Address

601 South Figueroa Street, 48th Floor, Los Angeles, CA, USA, 90017

Website

https://www.preferredbank.com

Preferred Bank is a commercial bank located in California. Its products and services are divided into Personal Banking, Business Banking, and Commercial Banking which includes Checking accounts, Savings accounts, CDs, Loans and Credit, Electronic banking and Treasury Management. It provides personalized deposit services, real estate finance, commercial loans, and trade finance credit facilities to small and mid-sized businesses and their owners, entrepreneurs, real estate developers and investors, professionals and high-net-worth individuals. The bank generates a majority of its revenue from Southern and Northern California and Flushing.