Professional Holding Corp. (NASDAQ:NASDAQ:PFHD) Q1 2022 Earnings Conference Call April 29, 2022, 10:00 AM ET Company Participants Herbert Martens - Chairman Abel Iglesias - CEO Mary.
Professional Holding Corp. Reports First-Quarter Results
Quarterly Net Income of $4.8 Million as Assets Top $2.2 Billion
CORAL GABLES, FL / ACCESSWIRE / May 5, 2021 / Professional Holding Corp. (the Company ) (NASDAQ:PFHD), the parent company of Professional Bank (the Bank ), today reported net income of $4.8 million, or $0.34 per diluted share, for the first quarter of 2021 compared to net income of $5.5 million, or $0.38 per diluted share, for the fourth quarter of 2020, and a net loss of $1.3 million, or ($0.14) per diluted share, for the first quarter of 2020, respectively. We are pleased to report another quarter of balance sheet expansion, said Daniel R. Sheehan, Chairman and Chief Executive Officer. Total loans increased 4.3% to $1.7 billion. The balance sheet performance combined with our share repurchase activity resulted in a tangible book value increase to $14.21 per share. We continue to benefit from a healthy pipeline of loan and deposit activities and look forw