Premier Financial Corp. - PFC STOCK NEWS

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.

Premier Financial Corp. (NASDAQ: PFC) will announce its fourth quarter results on January 24, after market close. The earnings release will be available on its investor relations website. A conference call to discuss these results is scheduled for January 25, 2023, at 11:00 a.m. ET, accessible by phone or through a dedicated URL. Premier Financial operates banks in multiple states and offers insurance services through its subsidiary, First Insurance Group.

Premier Financial Corp. (PFC) reported a strong third quarter 2022, with net income of $28.2 million, or $0.79 per diluted share, compared to $28.4 million, or $0.76 per share, in the same quarter of 2021. Loan growth surged by $300.9 million (19.9% annualized), while customer deposits rose by $146.3 million (9.0% annualized). The net interest income increased to $63.5 million, a 7.1% rise from the previous quarter. The company declared a quarterly dividend of $0.30 per share, marking a 7.1% increase from last year. The asset quality improved, with non-performing loans down 4.6%.

Premier Financial Corp. (NASDAQ: PFC) will report its third quarter results on October 25, after the market closes. A conference call to discuss these results is scheduled for October 26 at 11:00 a.m. ET, accessible via phone or listen-only online mode. Interested parties can find the earnings news release and additional information on the company’s investor relations website. Premier Financial serves multiple states through its bank and insurance subsidiaries.

Premier Financial Corp. (Nasdaq: PFC) reported strong second quarter results for 2022, with loan growth of $494.1 million (35.7% annualized) and deposit growth of $199.1 million (12.6% annualized). Net interest income reached $59.3 million, a 2.1% increase from Q1 2022. However, net income fell to $22.4 million ($0.63 per share), down from $31.4 million ($0.84 per share) year-over-year, mainly due to a higher provision for credit losses. The company declared a quarterly dividend of $0.30 per share, representing an 11.1% increase from the prior year.

Premier Financial Corp. (Nasdaq: PFC) will report its second quarter results on July 26, 2022, after market close. The earnings release will be accessible on the company's investor relations website. A conference call for discussing the results is scheduled for July 27, 2022, at 11:00 a.m. ET, with access via phone or through a provided URL. Replay of the call will be available on their website for a year. Premier Financial operates 74 branches and 12 loan offices across five states.