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Preferred Bank: Q1 Earnings Snapshot

LOS ANGELES (AP) — LOS ANGELES (AP) — Preferred Bank (PFBC) on Wednesday reported first-quarter net income of $31.1 million.

The bank, based in Los Angeles, said it had earnings of $2.53 per share.

The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $2.48 per share.

The independent commercial bank posted revenue of $121.2 million in the period. Its revenue net of interest expense was $69.6 million, which did not meet Street forecasts. Three analysts surveyed by Zacks expected $70.3 million.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PFBC at https://www.zacks.com/ap/PFBC

One Tech Tip: What to know about flying with lithium ion portable battery chargers

Jetting off soon for summer travels? If you're planning on bringing an extra battery charger for your phone or other devices, be aware of the latest rules when taking one on a flight. Rechargeable lithium-ion portable battery chargers, also known as power banks, come in protective enclosures of various shapes and sizes. They're a handy and popular way for getting more juice when you're on the move. But after a spate of smoke or fire incidents, U.S. and international aviation authorities have issued new guidelines and airlines have tightened up rules for passengers. Here's a guide on flying with power banks.
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