Premier Financial (PFC) Misses Q4 EPS by 7c
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Premier Financial Corp. Announces Solid 2021 Results
January 25, 2022 4:15 PM EST
Increases Quarterly Dividend
Increases Buyback Authorization
Fourth Quarter 2021 Highlights
Loan growth of $112 million excluding PPP (up 9% annualized) including $88 million for commercial loans (up 10% annualized) during 2021 fourth quarter Net interest margin of 3.41%, up 3 basis points from third quarter 2021 Average deposit costs down 4 basis points to 0.16% from third quarter 2021 Asset quality improved with non-performing assets down to 0.64% of assets and classifieds down to 1.2% of loans Allowance to loans ratio of 1.26%, or 1.27% excluding PPP loans, for 2021 fourth quarter Service fee income of $6.4 million, up $0.6 million (10%) from 2020 fourth... More