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Dec 31, 2023
Premier Financial Q4 2023 Earnings Report
Premier Financial's Q4 2023 results were announced, highlighting deposit and loan growth, expense decline, and improved equity.
Key Takeaways
Premier Financial Corp. reported a net income of $20.1 million for Q4 2023, with deposit growth of $77 million and loan growth of $43 million. The company also experienced a decline in expenses and non-performing assets, as well as an increase in equity.
Deposit growth of $77 million, including $128 million in core customer deposits.
Loan growth of $43 million, with commercial loans up by $63 million.
Expenses decreased by $0.2 million from the previous quarter.
Non-performing assets decreased by $4 million from the prior quarter.
Forward Guidance
Premier Financial anticipates continued moderate earning assets growth and a relentless focus on deposit growth resulting in low-to-moderate year-over-year net interest income growth. Strong expense management and solid credit performance round out the story.
Positive Outlook
- Continued moderate earning assets growth
- Relentless focus on deposit growth
- Low-to-moderate year-over-year net interest income growth
- Strong expense management
- Solid credit performance
Historical Earnings Impact
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Avg. Return Before/After Earnings
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