Premier Financial

Oct 28, 2021

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Sep 30, 2021

Premier Financial Q3 2021 Earnings Report

Reported solid third quarter results with core loan growth and net interest margin expansion.

Key Takeaways

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.

Total Revenue

$57M

Previous year: $53.3M