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Mar 31, 2021
Premier Financial Q1 2021 Earnings Report
Premier Financial Corp. Announced record quarterly results and dividend increase.
Key Takeaways
Premier Financial Corp. reported a strong start to 2021, with net income of $41.0 million, or $1.10 per diluted common share, compared to a net loss of $22.5 million, or $0.71 per diluted common share, for the first quarter of 2020. The results reflect solid core profitability and benefits from diversified revenue sources.
Declared dividend increase of $0.02 to $0.26 per share, up 18% from 2020 first quarter
Net income of $41.0 million, up from a loss of $22.5 million for 2020 first quarter
Earnings per share of $1.10, up from ($0.71) for 2020 first quarter
Mortgage banking income of $10.5 million, up from $0.8 million for 2020 first quarter
Revenue by Segment
Forward Guidance
Premier is focused on continued reduction of funding costs while optimizing reinvestment yield for the appropriate time horizon.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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