Top 5 Most Profitable Banks in the World

2. Preferred Bank (NASDAQ:PFBC)

Latest Net Margin: 51.28%

Preferred Bank (NASDAQ:PFBC) is a Californian commercial bank. It is headquartered in Los Angeles, California. The bank provides services to business owners, investors, and high net worth individuals. These include deposit accounts, working capital finance, letters of credit, wealth banking services, and deposit boxes.

Insider Monkey took a look at 943 hedge funds for their March quarter of 2023 shareholdings and found out that 15 had bought a stake in the bank. Preferred Bank (NASDAQ:PFBC)’s largest hedge fund shareholder in our database is Israel Englander’s Millennium Management since it owns 330,074 shares that are worth $18 million.

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