Welcome to our dedicated page for Premier Financial news (Ticker: PFC), a resource for investors and traders seeking the latest updates and insights on Premier Financial stock.
Premier Financial Corp (PFC) delivers community-focused banking services through its Premier Bank subsidiaries across Ohio, Michigan, Indiana, and Pennsylvania. This news hub provides investors and stakeholders with essential updates about the company's financial operations, strategic initiatives, and market developments.
Access official press releases, earnings reports, and regulatory filings alongside curated analysis of PFC's community banking activities, wealth management services, and regional expansion efforts. Our repository simplifies tracking of key milestones including merger integrations, leadership updates, and product launches.
Discover updates across three core areas: financial performance (quarterly results, dividend announcements), strategic developments (branch expansions, partnership agreements), and operational updates (service enhancements, regulatory compliance). All content is sourced from verified channels to ensure reliability.
Bookmark this page for streamlined access to PFC's evolving story in regional banking. Check regularly for new insights into how the company maintains its commitment to personalized financial solutions while navigating competitive markets.
Premier Financial Corp. (Nasdaq: PFC) reported its first quarter 2023 financial results, revealing a net income of $18.1 million, or $0.51 per diluted share, down from $25.3 million, or $0.71 per share in the previous quarter. The CET1 ratio improved to 9.96%, while the tangible equity ratio rose to 7.03%. Loan growth reached $115.2 million (7.1% annualized), with a notable increase in commercial loans. The company declared a dividend of $0.31 per share, reflecting a 3.3% year-over-year increase. However, net interest income decreased by 10% to $56.4 million, and non-interest income fell 12% to $12.5 million due to fluctuations in mortgage banking and securities. Total deposits declined by 2%, largely due to a drop in non-interest bearing deposits, although customer deposits increased by $14.2 million in March 2023.
Premier Financial Corp. (Nasdaq: PFC) announced it will report its first quarter results on April 25, 2023, after market close. The earnings release will be accessible on the company's investor relations website. A conference call featuring executive management discussing the results is scheduled for April 26, 2023, at 11:00 a.m. ET, with access available via phone and also online in listen-only mode. The webcast replay will be available for one year post-event. Premier Financial Corp. operates 75 branches and is the holding company for Premier Bank and First Insurance Group.
Premier Financial Corp. (Nasdaq: PFC) reported strong fourth quarter and full year 2022 results, with net income of $25.3 million for Q4 and $102.2 million for the full year. Noteworthy highlights include:
- Loan growth of $1.1 billion (up 20.5%) for 2022, with commercial loans up 19.6%.
- Customer deposits increased by $481 million (up 7.7%).
- Declared a quarterly dividend of $0.31 per share, marking a 3.3% increase from last year.
- Net interest income increased to $243.7 million, up 6.7% from 2021.
- Improved asset quality with non-performing loans down 30% year-over-year.