First Defiance Financial Corp. reported a net loss of $22.5 million, or ($0.71) per diluted common share, but excluding merger-related expenses, earnings were $7.5 million, or $0.24 per diluted common share. The company completed its strategic merger with UCFC and experienced organic loan and deposit growth.
Completed strategic merger with UCFC on January 31, 2020.
Quarterly dividend of $0.22 per share, up 15.8% from 2019 first quarter.
Organic loan growth of $36.6 million, or 5.3% annualized growth.
Organic deposit growth of $41.2 million, or 5.7% annualized growth.
The company is focused on servicing the immediate needs of clients and the health and well-being of employees while supporting the communities served.
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