Preferred Bank (PFBC)’s Fourth Quarter 2014 Earnings Conference Call Transcript

Below is transcript of  Preferred Bank (NASDAQ:PFBC)’s Fourth Quarter 2014 Earnings Conference Call, held on January 21, 2014, at 02:00 p.m. ET.


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Preferred Bank (NASDAQ:PFBC) is a commercial bank in California focusing on the Chinese-American market. It operates through its subsidiary, PB Investment and Consulting, Inc. (the Bank). The Bank is a commercial bank, which takes in deposits from businesses and individuals and provides loans to real estate developers/owners and individuals.


Company Executives:

Kristen Papke, Financial Profiles, Investor Relations, Preferred Bank
Li Yu, Chairman and Chief Executive Officer, Preferred Bank
Wellington Chen, President and Chief Operations Officer, Preferred Bank
Edward J. Czajka, Executive Vice President and Chief Financial Officer, Preferred Bank



Aaron Deer, Sandler O’Neill & Partners
Don Worthington, Raymond James
Timothy Coffey, FIG Partners



Good day and welcome to Preferred Bank’s Fourth Quarter 2014 Earnings Conference Call. All participants will be in listen-only mode. After today’s presentation, there will be an opportunity to ask questions. Please note this event is being recorded. I would now like to turn the conference over to Kristen Papke, Investor Relations for Preferred Bank. Please go ahead.


Kristen Papke, Financial Profiles, Investor Relations

Hello everyone and thank you for joining us to discuss Preferred Bank’s financial results for the fourth quarter and full year ended December 31, 2014. With me today from management are Chairman and CEO, Li Yu, President and COO, Wellington Chen and Chief Financial Officer Edward Czajka. Management will provide a brief summary of the results and then we will open up the call to your questions. During the course of this conference call, statements made by management may include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based upon specific assumptions that may or may not prove correct.


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