Premier Financial (PFC) Tops Q3 EPS by 11c
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Premier Financial Corp. Announces Third Quarter 2023 Results Including Core Deposit Growth and Increased Net Interest Margin
October 24, 2023 4:15 PM EDTThird Quarter 2023 Highlights
Core net income up from prior quarter Net interest margin increased one basis point to 2.73% from prior quarter Deposit growth of $71 million (up 4.1% annualized), including $92 million for core customer deposits excluding brokered (up 5.6% annualized) Expenses down 14.5%, or 6.8% excluding transaction costs, and core efficiency ratio improved by 96 basis points from prior quarter Loan delinquencies down 9.5% from prior quarter and two consecutive quarters of net recoveries Regulatory capital ratios improve by 23 basis points from prior quarter including common equity tier 1 (CET1) ratio up to... More