Most well-liked Financial institution (PFBC) This fall 2023 Earnings Name Transcript

Most well-liked Financial institution (NASDAQ:PFBC) This fall 2023 Earnings Convention Name January 25, 2024 2:00 PM ET

Firm Members

Jeff Haas – Govt Vice President of Basic Info

Li Yu – Chairman & Chief Govt Officer

Edward Czajka – Chief Monetary Officer

Wellington Chen – President & Chief Working Officer

Convention Name Members

Matthew Clark – Piper Sandler

Tim Coffey – Janney

Gary Tenner – D.A. Davidson

Operator

Good day and welcome to the Most well-liked Financial institution Fourth Quarter 2023 Earnings Convention Name. [Operator Instructions] Please observe, right this moment’s occasion is being recorded.

I’d now like to show the convention over to Jeff Haas with Monetary Profiles. Please go forward.

Jeff Haas

Thanks, Rocco. Hiya, everybody and thanks for becoming a member of us to debate Most well-liked Financial institution’s monetary outcomes for the fourth quarter ended December 31, 2023. With me right this moment from administration are Chairman and CEO, Li Yu; President and Chief Working Officer, Wellington Chen; Chief Monetary Officer, Edward Czajka; and Chief Credit score Officer, Nick Pi. Administration will present a quick abstract of the outcomes after which we’ll open up the decision to your questions.

In the course of the course of this convention name, statements made by administration could embrace forward-looking statements throughout the that means of the Non-public Securities Litigation Reform Act of 1995. Such forward-looking statements are based mostly upon particular assumptions which will or could not show appropriate. Ahead-looking statements are additionally topic to recognized and unknown dangers, uncertainties and different components regarding Most well-liked Financial institution’s operations and enterprise atmosphere, all of that are tough to foretell and plenty of of that are past the management of Most well-liked Financial institution. For an in depth description of those dangers and uncertainties, please seek advice from the SEC required paperwork the financial institution recordsdata with the Federal Deposit Insurance coverage Company, or FDIC. If any of those uncertainties materialize or any of those assumptions show incorrect, Most well-liked Financial institution’s outcomes might differ materially