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) reported a net income of $28.4 million in Q3 2021, up 10.5% from the previous year. Earnings per share increased to $0.76. Excluding PPP loans, loan growth was 5.1%, fueled by strong commercial activity. Net interest income rose to $57.0 million, while the net interest margin improved to 3.38%. Non-interest income decreased to $18.3 million, influenced by a decline in mortgage banking. The company also announced a 27% increase in dividend to $0.28 per share.
Premier Financial Corp. (Nasdaq: PFC) plans to release its third quarter financial results on October 28, 2021, after market close. The earnings news will be accessible on their investor relations website. A conference call hosted by Executive Management is scheduled for October 29, 2021, at 11:00 a.m. ET, allowing investors to discuss the results. The call can be accessed via phone or online. A replay will be available for a year on their website.
Premier Financial Corp. (PFC) reported second quarter 2021 net income of $31.4 million, up from $29.1 million a year prior, representing $0.84 per diluted share. Year-to-date net income reached $72.4 million, significantly higher than $6.6 million in the same period in 2020. The increase was attributed to solid loan growth and recovery in provisions, despite a decrease in net interest margin to 3.34%. Non-interest income fell to $17.5 million from $23 million a year earlier. Total assets grew to $7.59 billion, while total deposits remained robust at $6.29 billion. A quarterly dividend of $0.27 per share is set for August 27, 2021.
Premier Financial Corp. (Nasdaq: PFC) will announce its second quarter results on July 29, 2021, post-market. The earnings release will be accessible on its investor relations website and major financial platforms.
An investor conference call is scheduled for July 30, 2021, at 11:00 a.m. ET, where executive management will discuss the results. Interested parties can join via phone or through an internet link.
For additional information, the replay will be available on their website for one year, and copies of the earnings release can be requested by phone.
Premier Financial Corp. (Nasdaq: PFC) reported impressive first quarter 2021 results, marking a net income of $41.0 million or $1.10 per diluted share, a significant improvement from a net loss of $22.5 million in Q1 2020. This turnaround is attributed to the acquisition of United Community Financial Corp. and a $7.0 million provision credit. The company also declared a quarterly dividend of $0.26 per share, effective May 14, 2021, reflecting an 18% increase year to date. Total assets grew to $7.53 billion, with deposits rising by 27.2% year-over-year.
Premier Financial Corp. (Nasdaq: PFC) is set to announce its first quarter results on April 20, 2021, after the market closes. The earnings release will be accessible on the company's investor relations website. Additionally, a conference call will be held on April 21, 2021, at 11:00 a.m. ET, featuring CEO Gary M. Small and CFO Paul D. Nungester discussing the results. Access to the call will be available via phone or through a dedicated URL. A replay will also be offered until April 21, 2022.
Premier Financial Corp. (PFC) reported fourth quarter 2020 net income of $30.8 million, or $0.82 per diluted share, up from $12.5 million, or $0.63 per share in Q4 2019. For the full year, net income was $63.1 million, or $1.75 per share, compared to $49.4 million or $2.48 per share in 2019. The acquisition of United Community Financial Corp significantly impacted these results. Core earnings per share increased by 9%. Non-interest income rose to $18.7 million from $11.8 million year-over-year, while total assets grew to $7.21 billion, reflecting strong post-merger performance.
Premier Financial Corp. (Nasdaq: PFC) plans to report its fourth quarter and year-end financial results on January 26, 2021, post-market close. The earnings release will be accessible on their investor relations website. A conference call discussing these results is scheduled for January 27, 2021, at 11:00 a.m. ET, featuring key executives including CEO Donald P. Hileman. The call can be accessed via telephone or a listen-only mode online. A replay will be available until January 27, 2022, detailing the company's operational reach across Ohio and surrounding states.
Premier Financial Corp. (Nasdaq: PFC) reported third quarter net income of $25.7 million, or $0.77 per diluted share, a rise from $13.2 million, or $0.66 per share year-over-year. For the nine months ending September 30, net income totaled $32.2 million, or $1.88 per share, down from $36.9 million or $1.85 per share in 2019. The company's results were notably influenced by the acquisition of United Community Financial Corp., which brought about significant acquisition-related charges. The net interest income increased to $53.3 million, while non-interest income surged to $25.0 million.
Premier Financial Corp. (Nasdaq:PFC) will announce its third quarter results on October 20, 2020, post-market. The earnings release will be accessible on its investor relations website. A conference call to discuss the results will take place on October 21, 2020, at 11:00 a.m. ET, featuring CEO Donald P. Hileman, President Gary M. Small, and CFO Paul D. Nungester. Access the call at this link. The replay will be available on their website until 9:00 a.m. ET the following day.
FAQ
What is the current stock price of Premier Financial (PFC)?
What is the market cap of Premier Financial (PFC)?
What is the core business of Premier Financial Corp?
How does the company generate revenue?
Which geographic markets does Premier Financial Corp serve?
What are the main services offered by the company?
How does the company differentiate itself from competitors?
What impact does the recent merger have on the company?
How does the company maintain its community-focused approach?
What should investors know about Premier Financial Corp’s market position?
