Pan Pacific Bank (PFC) Tops Q2 EPS by 52c

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Premier Financial Corp. Announces Record Quarterly Earnings for Second Quarter 2020

July 28, 2020 4:34 PM EDT

Second Quarter 2020 Highlights

Net income of $29.1 million, or $30.7 million excluding merger-related expenses, compared to $12.2 million for 2019 second quarter Earnings per share of $0.78, or $0.82 excluding merger-related expenses, compared to $0.61 for 2019 second quarter Allowance to Loans ratio of 1.62%, or 1.76% excluding PPP loans Loan growth of $343 million, or 6.7% quarterly growth Deposit growth of $766 million, or 15.3% quarterly growth Pre-tax pre-provision ROAA of 2.26%, or 2.38% excluding merger-related expenses, compared to 1.89% for 2019 second quarter Efficiency ratio of 48.96%, or 46.26% excluding merger-related expenses, compared to 61.22% for 2019 second quarter Quarterly dividend of $0.22 per share, up 15.8% from 2019 second... More