Premier Financial (PFC) Tops Q2 EPS by 61c
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Premier Financial Corp. Announces Second Quarter 2023 Results
July 25, 2023 4:15 PM EDTCompletes sale of insurance agency for $36 million gain
Strengthens capital, liquidity and interest rate asset sensitivity
Second Quarter 2023 Highlights
Completed sale of insurance agency at a significant gain that strengthens capital without diluting future earnings Executed hedges to improve asset-sensitivity and provide protection against additional rate increases CET1 ratio increased 80 basis points to 10.81% and tangible equity ratio increased 52 basis points to 7.55% from the prior quarter Loan growth of $132.7 million (up 8.1% annualized), including $75.2 million for commercial loans excluding PPP (up 7.0% annualized) Declared... More