LOS ANGELES (AP) — LOS ANGELES (AP) — Preferred Bank (PFBC) on Thursday reported second-quarter earnings of $33.6 million.

The bank, based in Los Angeles, said it had earnings of $2.48 per share.

The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $2.39 per share.

The independent commercial bank posted revenue of $130.7 million in the period. Its revenue net of interest expense was $69.5 million, which missed Street forecasts.

_____

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