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Dec 31, 2019
Premier Financial Q4 2019 Earnings Report
Reported record full year earnings and increased earnings per share for the fourth quarter.
Key Takeaways
First Defiance Financial Corp. reported a net income of $12.5 million for the fourth quarter of 2019, resulting in earnings per diluted share of $0.63, up from $0.59 in the same quarter of the previous year. Loan and deposit growth contributed to an increase in net interest income, while non-interest income also rose, driven by mortgage banking income. The company announced record earnings performance for its seventh consecutive year.
Earnings per diluted share increased to $0.63 for the fourth quarter of 2019, compared to $0.59 in the fourth quarter of 2018.
Net income reached $12.5 million for the fourth quarter of 2019, up from $12.1 million in the fourth quarter of 2018.
Loan growth amounted to $112 million during the fourth quarter of 2019.
Deposit growth totaled $110 million during the fourth quarter of 2019.
Revenue by Segment
Forward Guidance
Management expressed optimism about the company's position as they start 2020 and prepare to close their strategic merger with United Community Financial Corp.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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