Premier Financial (PFC) Reports In-Line Q3 EPS

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Go back to Premier Financial (PFC) Reports In-Line Q3 EPS

Premier Financial Corp. Announces Solid Third Quarter Results Including Core Loan Growth and Net Interest Margin Expansion

October 28, 2021 4:15 PM EDT

Third Quarter 2021 Highlights

Net income of $28.4 million, up $2.7 million (10.5%) from 2020 third quarter Earnings per share of $0.76, up $0.07 (10.1%) from 2020 third quarter Loan growth of $64.4 million excluding PPP (up 5.1% annualized) including $37.2 million for commercial loans (up 4.4% annualized) during 2021 third quarter Net interest margin of 3.38% or 3.27% excluding PPP and marks, up 4 and 7 basis points respectively, from second quarter 2021 Average deposit costs down 3 basis points to 0.20% from second quarter 2021 Allowance to loans ratio of 1.39%, or 1.43% excluding PPP loans, for 2021 third quarter Service fee income of $6.1 million, up $1.3 million (26.3%) from 2020 third... More