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 Third Quarter 2022 Results Including Continued Strong Loan and Deposit Growth

October 25, 2022 4:15 PM EDT

Third Quarter 2022 Highlights

Loan growth of $300.9 million (up 19.9% annualized) including $151.0 million for commercial loans excluding PPP (up 15.2% annualized) and $114.2 million for residential loans including held for sale (up 28.3% annualized) Customer deposits growth of $146.3 million (up 9.0% annualized) including $40.0 million of non-interest-bearing (up 9.0% annualized) Net interest income (tax equivalent) of $63.5 million or $62.9 million excluding PPP and acquisition marks accretion, up 7.1% and 7.6%, respectively, from 2022 second quarter Net interest margin (tax equivalent) of 3.40% or 3.36% excluding PPP and acquisition marks accretion, up four basis points each from 2022 second quarter Asset quality improved... More