Premier Financial Corp. reported a net income of $28.4 million, or $0.76 per diluted common share, for the third quarter of 2021, compared to $25.7 million, or $0.69 per diluted common share, for the third quarter of 2020. The company experienced core loan growth and net interest margin expansion during the quarter.
Net income increased by $2.7 million (10.5%) compared to the third quarter of 2020.
Earnings per share rose by $0.07 (10.1%) from the third quarter of 2020.
Loan growth, excluding PPP loans, was $64.4 million (up 5.1% annualized), with commercial loans increasing by $37.2 million (up 4.4% annualized).
Net interest margin was 3.38%, or 3.27% excluding PPP and marks, up 4 and 7 basis points respectively, from second quarter 2021.
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