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Sep 30, 2024
Premier Financial Q3 2024 Earnings Report
Announced third quarter results, including EPS of $0.46, or $0.54 excluding transaction costs, and a strategic merger with Wesbanco, Inc.
Key Takeaways
Premier Financial Corp. reported a net income of $16.7 million, or $0.46 per diluted common share, for the third quarter of 2024. Excluding transaction costs, earnings were $19.3 million, or $0.54 per diluted common share. The company also announced a strategic merger with Wesbanco, Inc.
Announced strategic merger with Wesbanco, Inc.
Earnings per share of $0.46 or $0.54 excluding transaction costs, increases of $0.01 and $0.09, respectively, from second quarter
Average deposits excluding brokereds increased 5% annualized from second quarter
Net interest margin increased four basis points to 2.50% from second quarter
Revenue by Segment
Forward Guidance
The transaction is expected to close in the first quarter of 2025, subject to the approval of shareholders of both PFC and WSBC and regulatory approvals, as well as satisfaction or waiver of other customary closing conditions.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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