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.
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
Premier Financial Corp. (PFC) reported a net income of $26.4 million for Q1 2022, down from $41.0 million in Q1 2021. Excluding PPP, loans increased by $132.4 million, marking a 10.1% annualized growth. Net interest income rose to $58.1 million, up 2.4% YoY. However, non-interest income fell significantly to $16.9 million, primarily due to a decline in mortgage banking income. Asset quality improved, with non-performing assets at 0.63%. The company declared a dividend of $0.30 per share, up 15.4% from the prior year.
Premier Financial Corp. (NASDAQ: PFC) is set to release its first quarter results on April 26, after market close. The earnings report will be available on the company’s investor relations website at www.PremierFinCorp.com. A conference call with executive management to discuss the results will occur on April 27 at 11:00 a.m. ET, accessible via phone or listen-only online at this link. The replay will be available for a year on the website.
Premier Financial Corp. (Nasdaq: PFC) reported a 4Q 2021 net income of $25.3 million ($0.69 per share), down from $30.8 million ($0.82 per share) in 4Q 2020. Full-year net income reached $126.1 million ($3.39 per share), significantly higher than $63.1 million ($1.75 per share) in 2020. Loan growth excluding PPP increased by 9% annualized, with commercial loans rising by 10%. The board declared a 7% dividend increase to $0.30 per share, payable on February 18, 2022. Total assets reached $7.48 billion with improved asset quality metrics.
Premier Financial Corp. (NASDAQ: PFC) announced the appointment of Nikki Lanier, JD, to its Board of Directors, effective January 24, 2022. Lanier, founder and CEO of Harper Slade, brings over 25 years of leadership experience in banking, labor law, and human resources. Previously, she served as Senior VP at the Federal Reserve Bank of St. Louis. Lanier will serve on the Compensation and Risk committees, adding valuable perspective to the board as expressed by Executive Chairman Don Hileman and CEO Gary Small.
Premier Financial Corp. (Nasdaq: PFC) will report its fourth quarter and year-end results on January 25, after market close. A conference call for discussing these results is scheduled for January 26 at 11:00 a.m. ET, accessible via phone at 1-844-200-6205 or through a live internet stream. The earnings release will be available on their investor relations website. Premier Financial operates banks and insurance services across several states, including Ohio, Michigan, and Indiana.
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