EL7.AI
StocksMedium•22 July 2026•
1 min read

Preferred Bank Reports Q2 Profit Growth as Galaxy Gaming Issues Positive Estimates

Key Facts

1Preferred Bank reported net income of $33.5 million or $2.78 per diluted share for the second quarter of 2026.
2Preferred Bank's net income increased by $2.4 million from the prior quarter, driven by higher net interest income.
3Galaxy Gaming expects Q2 2026 revenue between $7.8 million and $7.9 million with net income up to $1.0 million.

Preferred Bank reported solid financial results for the second quarter of 2026, achieving net income of $33.5 million, or $2.78 per diluted share. This performance represents a $2.4 million increase from the previous quarter, which the bank attributed primarily to higher net interest income and improved loan quality. These results highlight the bank's ability to expand margins despite broader sector challenges.

In the gaming sector, Galaxy Gaming provided preliminary estimates for its quarterly performance, forecasting revenue between $7.8 million and $7.9 million for Q2 2026. The company also expects net income to reach up to $1.0 million for the period. These figures suggest a positive trajectory for the mid-cap gaming entity as it prepares to finalize its full quarterly report.

Looking ahead, market participants are weighing these corporate earnings against recent macroeconomic data, including the Producer Price Index (PPI) which fell by 0.3% in mid-July according to market data.