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Dec 31, 2021
Premier Financial Q4 2021 Earnings Report
Announced solid results for the year 2021, increased quarterly dividend, and buyback authorization.
Key Takeaways
Premier Financial Corp. reported a net income of $25.3 million, or $0.69 per diluted common share, for Q4 2021, compared to $30.8 million, or $0.82 per diluted common share, for Q4 2020. Strong loan growth, excluding PPP loans, totaled 8.7% on an annualized basis, with commercial lending leading the way at 10.3%.
Loan growth of $112 million excluding PPP (up 9% annualized) including $88 million for commercial loans (up 10% annualized) during 2021 fourth quarter
Net interest margin of 3.41%, up 3 basis points from third quarter 2021
Service fee income of $6.4 million, up $0.6 million (10%) from 2020 fourth quarter
Asset quality improved with non-performing assets down to 0.64% of assets and classifieds down to 1.2% of loans
Revenue by Segment
Forward Guidance
The company is focused on expense management and expanding revenue efforts.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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