Premier Financial (PFC) Tops Q2 EPS by 6c

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Go back to Premier Financial (PFC) Tops Q2 EPS by 6c

Premier Financial Corp. Announces Solid Second Quarter Results and Core Loan Growth

July 29, 2021 4:15 PM EDT

Second Quarter 2021 Highlights

Net income of $31.4 million, up $2.3 million (8.0%) or up $0.7 million (2.2%) excluding merger-related provision and expenses from 2020 second quarter Earnings per share of $0.84, up $0.06 (7.7%) or up $0.02 (2.4%) excluding merger-related provision and expenses from 2020 second quarter Service fee income of $6.3 million, up $0.7 million (11.9%) from 2020 second quarter Loan growth of $45 million excluding PPP (up 3.6% annualized) including $36 million for commercial loans (up 4.4% annualized) during 2021 second quarter Average deposit costs down 4 basis points to 0.23% from first quarter 2021 Asset quality improved with non-performing assets down to 0.54% of assets, classifieds down to 1.7% of loans and... More