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Jun 30, 2024
Premier Financial Q2 2024 Earnings Report
Announced second quarter results and strategic merger with Wesbanco, Inc.
Key Takeaways
Premier Financial Corp. reported a net income of $16.2 million, or $0.45 per diluted common share, for the second quarter of 2024. The company also announced the signing of a definitive merger agreement with Wesbanco, Inc., expected to close in the first quarter of 2025.
Net income for the second quarter of 2024 was $16.2 million, or $0.45 per diluted common share.
Net interest income was $49.3 million, down 0.7% from the previous quarter and 8.8% from the second quarter of 2023.
Non-interest income totaled $12.1 million, a decrease of 3.3% from the first quarter of 2024.
Non-performing assets increased to $64.6 million, or 0.74% of assets, at June 30, 2024.
Revenue by Segment
Forward Guidance
No forward guidance provided. The company will no longer host its previously planned conference call.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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