Premier Financial Corp. reported a net income of $20.8 million, or $0.58 per diluted common share, for the fourth quarter of 2024. Excluding transaction costs, earnings were $22.6 million, or $0.63 per diluted common share.
Earnings per share of $0.58, or $0.63 excluding transaction costs, increased from Q3 2024.
Interest-bearing deposit costs decreased 30 basis points from Q3 2024.
Net interest margin increased 13 basis points to 2.63% from Q3 2024.
Efficiency ratio of 60.4%, or 57.1% excluding transaction costs, improved from Q3 2024.
The company announced a strategic merger with Wesbanco, Inc. and is awaiting regulatory approvals.
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