Premier Financial (PFC) Tops Q1 EPS by 4c

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Go back to Premier Financial (PFC) Tops Q1 EPS by 4c

Premier Financial Corp. Announces First Quarter 2022 Results Including Strong Loan Growth

April 26, 2022 4:15 PM EDT

First Quarter 2022 Highlights

Loan growth of $132.4 million excluding PPP (up 10.1% annualized) including $97.4 million for commercial loans (up 11.0% annualized) Deposit growth of $35.2 million (up 2.2% annualized) Net interest income (tax equivalent) of $58.1 million or $53.7 million excluding PPP and marks, up 2.4% and 7.5%, respectively, from 2021 first quarter Asset quality improved with non-performing assets down to 0.63% of assets, classifieds down to 1.0% of loans and delinquencies down to 0.1% of loans Service fee income of $6.0 million, up $0.5 million or 9.7% from 2021 first quarter Completed 0.8 million shares of buybacks for $24.2 million Declared dividend of $0.30 per share, up 15.4%... More