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Premier Financial Corp - PFC STOCK NEWS

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.

Overview of Premier Financial Corp

Premier Financial Corp (PFC) is a regional financial services institution that functions as the holding company for Premier Bank. With a focus on community banking, retail and commercial lending, and wealth management, the firm has established itself as a dependable institution that caters to diverse financial needs. Featuring a strategic branch network across Ohio, Michigan, Indiana, and Pennsylvania, Premier provides personalized banking services woven with deep local insights and a commitment to customer-oriented solutions.

Core Business Areas and Operations

Premier Financial Corp operates on a business model centered around community-focused financial services. The company serves both individual and business clients by offering a wide array of products including everyday banking services, loan and credit solutions, and a dedicated team of wealth professionals who manage assets and advise on financial planning. Its operational framework emphasizes maintaining strong local relationships and leveraging its regional presence to meet the evolving financial needs of diverse communities.

Market Position and Competitive Edge

Positioned as a key player within the community banking sector, Premier Financial Corp is known for providing reliable and accessible financial solutions. The firm has developed a resilient branch network that stands as a testament to its long-term commitment to the communities it serves. In the competitive landscape, the company differentiates itself through its deep local expertise, tailored customer service, and prudent financial management practices. This approach not only builds trust with customers but also enhances the company's role as an integral partner in regional economic development.

Merger and Strategic Transformation

In a significant corporate development, Premier Financial Corp entered into a merger arrangement with a larger regional banking institution. This strategic move has been designed to consolidate strengths and create a more robust financial platform while preserving the company's core community-focused ethos. The merger, marked by careful planning and regulatory scrutiny, underscores Premier's commitment to maintaining high service standards and ensuring a seamless integration of operations that benefits all stakeholders, including customers, employees, and local communities.

Services and Value Proposition

The range of services offered by Premier Financial Corp includes comprehensive retail and commercial banking solutions, such as personal deposit accounts, business financing options, and advisory services in wealth management. The company has honed its expertise by aligning its service offerings with the unique demands of community banking, ensuring personalized attention and localized service delivery. As a result, Premier not only meets everyday banking needs but also plays a crucial role in fostering financial growth and stability within its operating regions.

Industry Expertise and Operational Excellence

Premier Financial Corp leverages its extensive experience in the financial sector to craft solutions that directly address the challenges faced by regional communities. Its strong operational infrastructure, combined with an intimate understanding of local market dynamics, enables the company to effectively manage risk while pursuing sustainable growth. By integrating advanced risk assessment methodologies and customer-centric banking practices, Premier ensures that every financial service is delivered with precision and expertise.

Commitment to Community and Sustainable Banking

A defining element of Premier Financial Corp's mission is its unwavering commitment to the communities it serves. This is reflected in its ongoing efforts to provide accessible banking services and tailored financial solutions that promote long-term prosperity. The strategic focus on customer service and local engagement has allowed the firm to not only maintain strong customer loyalty but also contribute to the broader economic well-being of the regions in which it operates.

Summary

In summary, Premier Financial Corp stands as a beacon of community banking and regional financial services. By intertwining traditional banking values with innovative service delivery and strategic corporate maneuvers, the company continues to offer a robust financial platform that meets the intricate needs of its diverse clientele. Its comprehensive approach to retail and commercial banking, combined with deep local insights and operational excellence, makes Premier Financial Corp an enduring presence in the competitive financial landscape.

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Premier Financial Corp. (PFC) is set to report its first-quarter results on April 23, 2024, after the market closes. The company will host a conference call on April 24 to discuss the results, accessible via phone or web. Investors can access the earnings release on the company's website or major financial sites.
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Premier Financial Corp. (PFC) declared a dividend of $0.31 per share for Q4 2023, with highlights including deposit growth of $77 million, loan growth of $43 million, and a decrease in non-performing assets by 10%. Full year 2023 saw a net income of $111.3 million, with a significant gain from the sale of an insurance agency. The company also launched a new digital banking platform in October 2023.
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Premier Financial Corp. (Nasdaq: PFC) will report fourth quarter results on January 23 after the market closes. The earnings news release will be available on the company’s investor relations website and major financial information sites. Executive Management will host a conference call on January 24 to discuss the results.
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Premier Financial Corp. (Nasdaq: PFC) announced its third-quarter 2023 results, reporting net income of $24.7 million ($0.69 per diluted common share). The company saw growth in core net income, net interest margin, and deposit growth. Expenses decreased by 14.5% and loan delinquencies were down by 9.5%. Regulatory capital ratios also improved. Premier also launched a new digital banking platform to enhance customer experience.
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Premier Financial Corp. (PFC) to report Q3 results on October 24. Conference call on October 25. Webcast replay available for one year.
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Premier Financial Corp. (Nasdaq: PFC) Completes Sale of Insurance Agency for $36 Million Gain and Strengthens Capital and Liquidity. Second Quarter 2023 Highlights include $48.4 million net income, $132.7 million loan growth, and a declared dividend of $0.31 per share. The sale of the insurance agency and executed hedges improved asset-sensitivity and provided protection against additional rate increases.
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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.

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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.

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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.
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FAQ

What is the current stock price of Premier Financial (PFC)?

The current stock price of Premier Financial (PFC) is $28.04 as of March 3, 2025.

What is the market cap of Premier Financial (PFC)?

The market cap of Premier Financial (PFC) is approximately 1.0B.

What is the core business of Premier Financial Corp?

Premier Financial Corp is the holding company for Premier Bank, providing community-focused financial services including retail and commercial banking as well as wealth management.

How does the company generate revenue?

The company earns revenue through a diversified mix of banking activities including customer deposits, loan services, fee-based products, and tailored wealth management solutions designed to meet community needs.

Which geographic markets does Premier Financial Corp serve?

Premier Financial Corp operates primarily in the Midwestern and Northeastern United States, with branches and loan offices in Ohio, Michigan, Indiana, and Pennsylvania.

What are the main services offered by the company?

The company offers a range of services such as personal and business banking solutions, commercial and retail lending, as well as wealth management and financial advisory services.

How does the company differentiate itself from competitors?

Premier Financial Corp distinguishes itself by its strong commitment to community banking, a wide network of localized branches, and a focus on delivering tailored financial solutions with an emphasis on customer relationships.

What impact does the recent merger have on the company?

The merger is designed to consolidate operational strengths and expand the company's regional reach while preserving its core community banking focus. It enhances the financial platform and allows for greater service integration without compromising the company's customer-centric approach.

How does the company maintain its community-focused approach?

Premier Financial Corp leverages local market expertise and prioritizes personalized customer service, ensuring that financial products and advisory services directly meet the needs of its diverse communities.

What should investors know about Premier Financial Corp’s market position?

Investors should note that the company has established a stable market presence through a robust branch network and strategic initiatives that reinforce its commitment to community banking. It operates with a focus on long-term operational excellence within a competitive regional landscape.
Premier Financial Corp

Nasdaq:PFC

PFC Rankings

PFC Stock Data

1.01B
34.99M
2.44%
70.21%
1.08%
Banks - Regional
State Commercial Banks
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United States
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