PFC - Earnings announcements

Creates a community-focused, regional financial services partner with $27+ billion in assets Announces $200 million in capital commitments in support of the merger WesBanco, Inc. ("WesBanco") (NASDAQ:WSBC) and Premier Financial Corp. ("Premier") (NASDAQ:PFC) jointly announced today that they have executed a definitive Agreement and Plan of Merger ("Agreement") providing for the merger of Premier with and into WesBanco. Jeff Jackson, President and Chief Executive Officer of WesBanco, and Gary Small, President and Chief Executive Officer of Premier, made the joint announcement. Under the terms of the Agreement, which has been unanimously approved by the board of directors of both compan

Premier Financial Corp. (NASDAQ:PFC) ("Premier" or the "Company") announced today 2024 second quarter results and the signing of a definitive merger agreement with Wesbanco, Inc. (NASDAQ:WSBC). Strategic Merger On July 26, 2024, PFC and WSBC announced the signing of a definitive merger agreement under which PFC will merge into WSBC in a stock-for-stock transaction. Under the terms of the merger agreement, shareholders of PFC will receive 0.80 shares of WSBC common stock for each share of PFC common stock. Premier Bank, a wholly owned subsidiary of PFC, will merge into Wesbanco Bank, Inc., a wholly owned subsidiary of WSBC. Based upon a closing price for WSBC as of July 25, 2024 of $34.2

Creates a community-focused, regional financial services partner with $27+ billion in assets Announces $200 million in capital commitments in support of the merger WHEELING, W.Va., July 26, 2024 /PRNewswire/ -- WesBanco, Inc. ("WesBanco") (NASDAQ:WSBC) and Premier Financial Corp. ("Premier") (NASDAQ:PFC) jointly announced today that they have executed a definitive Agreement and Plan of Merger ("Agreement") providing for the merger of Premier with and into WesBanco. Jeff Jackson, President and Chief Executive Officer of WesBanco, and Gary Small, President and Chief Executive Officer of Premier, made the joint announcement.

Premier Financial Corp. (NASDAQ:PFC) announced today that it intends to report second quarter results on Tuesday, July 30, after the close of the market. The earnings news release will be available on the company's investor relations website at www.PremierFinCorp.com and at major financial information sites. At 10:00 a.m. ET on Wednesday, July 31, 2024, Premier Financial Corp. will host a conference call at which Executive Management will discuss the second quarter results. The conference call may be accessed by calling 1-833-470-1428, Access Code: 762462. Internet access to the call is also available (in listen-only mode) at the following URL: https://events.q4inc.com/attendee/67640174

Declared dividend of $0.31 per share First Quarter 2024 Highlights Deposit average balances up 2.6% annualized Earning asset average balances up 1.0% annualized Loans/Deposits ratio down 110 basis points Non-interest income up 6.0% Non-interest expenses down 7% from first quarter 2023 or flat excluding insurance agency expenses Delinquent loans down 12% and net charge-offs down 11 basis points to 0.02% All regulatory capital ratios up including Tier 1 up 30 basis points to 12.49% Premier Financial Corp. (NASDAQ:PFC) ("Premier" or the "Company") announced today 2024 first quarter results. Net income for the first quarter of 2024 was $17.8 million, or $0.50 per dilut

Premier Financial Corp. (NASDAQ:PFC) announced today that it intends to report first quarter results on Tuesday, April 23, after the close of the market. The earnings news release will be available on the company's investor relations website at www.PremierFinCorp.com and at major financial information sites. At 10:00 a.m. ET on Wednesday, April 24, 2024, Premier Financial Corp. will host a conference call at which Executive Management will discuss the first quarter results. The conference call may be accessed by calling 1-833-470-1428, Access Code: 477589. Internet access to the call is also available (in listen-only mode) at the following URL: https://events.q4inc.com/attendee/25483845

Declared dividend of $0.31 per share Fourth Quarter 2023 Highlights Deposit growth of $77 million (up 4% annualized), including $128 million for core customer deposits excluding brokered (up 8% annualized) Loan growth of $43 million (up 3% annualized), including $63 million for commercial loan (up 6% annualized) Expenses declined $0.2 million (down 2% annualized) from third quarter 2023 Non-performing assets decreased $4 million (or 10%) from prior quarter and six basis points to 0.41% of total assets Equity up $56 million or $1.57 per share (both up 24% annualized) with tangible equity up $57 million or $1.60 per share (both up 37% annualized) to $18.69 per share and tangi

Premier Financial Corp. (NASDAQ:PFC) announced today that it intends to report fourth quarter results on Tuesday, January 23 after the close of the market. The earnings news release will be available on the company's investor relations website at www.PremierFinCorp.com and at major financial information sites. At 10:00 a.m. ET on Wednesday, January 24, 2024, Premier Financial Corp. will host a conference call at which Executive Management will discuss the fourth quarter results. The conference call may be accessed by calling 1-833-470-1428, Access Code: 540476. Internet access to the call is also available (in listen-only mode) at the following URL: https://events.q4inc.com/attendee/6

Third Quarter 2023 Highlights Core net income up from prior quarter Net interest margin increased one basis point to 2.73% from prior quarter Deposit growth of $71 million (up 4.1% annualized), including $92 million for core customer deposits excluding brokered (up 5.6% annualized) Expenses down 14.5%, or 6.8% excluding transaction costs, and core efficiency ratio improved by 96 basis points from prior quarter Loan delinquencies down 9.5% from prior quarter and two consecutive quarters of net recoveries Regulatory capital ratios improve by 23 basis points from prior quarter including common equity tier 1 ("CET1") ratio up to 11.08% Declared dividend of $0.31 per share,

Premier Financial Corp. (NASDAQ:PFC) announced today that it intends to report third quarter results on Tuesday, October 24, after the close of the market. The earnings news release will be available on the company's investor relations website at www.PremierFinCorp.com and at major financial information sites. At 11:00 a.m. ET on Wednesday, October 25, 2023, Premier Financial Corp. will host a conference call at which Executive Management will discuss the third quarter results. The conference call may be accessed by calling 1-833-470-1428, Access Code: 346494. Internet access to the call is also available (in listen-only mode) at the following URL: https://events.q4inc.com/attendee/3200

Completes sale of insurance agency for $36 million gain Strengthens capital, liquidity and interest rate asset sensitivity Second Quarter 2023 Highlights Completed sale of insurance agency at a significant gain that strengthens capital without diluting future earnings Executed hedges to improve asset-sensitivity and provide protection against additional rate increases CET1 ratio increased 80 basis points to 10.81% and tangible equity ratio increased 52 basis points to 7.55% from the prior quarter Loan growth of $132.7 million (up 8.1% annualized), including $75.2 million for commercial loans excluding PPP (up 7.0% annualized) Declared dividend of $0.31 per share, up 3.3%

Premier Financial Corp. (NASDAQ:PFC) announced today that it intends to report second quarter results on Tuesday, July 25, after the close of the market. The earnings news release will be available on the company's investor relations website at www.PremierFinCorp.com and at major financial information sites. At 11:00 a.m. ET on Wednesday, July 26, 2023, Premier Financial Corp. will host a conference call at which Executive Management will discuss the second quarter results. The conference call may be accessed by calling 1-833-470-1428, Access Code: 374150. Internet access to the call is also available (in listen-only mode) at the following URL: https://events.q4inc.com/attendee/82728070

First Quarter 2023 Highlights CET1 ratio increased 5 basis points to 9.96% and tangible equity ratio increased 25 basis points to 7.03% from the prior quarter Delinquencies decreased $7.2 million or 39% to 0.16% of loans from the prior quarter Loan growth of $115.2 million (up 7.1% annualized) including $69.2 million for commercial loans excluding PPP (up 6.5% annualized) Declared dividend of $0.31 per share, up 3.3% from prior year comparable period Premier Financial Corp. (NASDAQ:PFC) ("Premier" or the "Company") announced today 2023 first quarter results including net income of $18.1 million or $0.51 per diluted common share, compared to $25.3 million, or $0.71 per diluted

Premier Financial Corp. (NASDAQ:PFC) announced today that it intends to report first quarter results on Tuesday, April 25, after the close of the market. The earnings news release will be available on the company's investor relations website at www.PremierFinCorp.com and at major financial information sites. At 11:00 a.m. ET on Wednesday, April 26, 2023, Premier Financial Corp. will host a conference call at which Executive Management will discuss the first quarter results. The conference call may be accessed by calling 1-833-470-1428, Access Code: 019302. Internet access to the call is also available (in listen-only mode) at the following URL: https://events.q4inc.com/attendee/34383253

Fourth Quarter 2022 Highlights Loan growth of $239.0 million (up 15.1% annualized) including $131.5 million for commercial loans excluding PPP (up 12.8% annualized) Customer deposits growth of $100.4 million (up 6.0% annualized) including $43.0 million of non-interest-bearing (up 9.4% annualized) Net interest income (tax equivalent) of $62.8 million or $62.2 million excluding PPP and acquisition marks accretion, up 9.3% and 17.0%, respectively, from 2021 fourth quarter Completed an insurance agency acquisition Declared dividend of $0.31 per share, up 3.3% from prior year comparable period Full Year 2022 Highlights Loan growth of $1.1 billion (up 20.5%) including $694.7 million

Premier Financial Corp. (NASDAQ:PFC) announced today that it intends to report fourth quarter results on Tuesday, January 24, after the close of the market. The earnings news release will be available on the company's investor relations website at www.PremierFinCorp.com and at major financial information sites. At 11:00 a.m. ET on Wednesday, January 25, 2023, Premier Financial Corp. will host a conference call at which Executive Management will discuss the fourth quarter and year-end results. The conference call may be accessed by calling 1-844-200-6205, Access Code: 105871. Internet access to the call is also available (in listen-only mode) at the following URL: https://events.q4inc.com/

Third Quarter 2022 Highlights Loan growth of $300.9 million (up 19.9% annualized) including $151.0 million for commercial loans excluding PPP (up 15.2% annualized) and $114.2 million for residential loans including held for sale (up 28.3% annualized) Customer deposits growth of $146.3 million (up 9.0% annualized) including $40.0 million of non-interest-bearing (up 9.0% annualized) Net interest income (tax equivalent) of $63.5 million or $62.9 million excluding PPP and acquisition marks accretion, up 7.1% and 7.6%, respectively, from 2022 second quarter Net interest margin (tax equivalent) of 3.40% or 3.36% excluding PPP and acquisition marks accretion, up four basis points each from

Premier Financial Corp. (NASDAQ:PFC) announced today that it intends to report third quarter results on Tuesday, October 25, after the close of the market. The earnings news release will be available on the company's investor relations website at www.PremierFinCorp.com and at major financial information sites. At 11:00 a.m. ET on Wednesday, October 26, 2022, Premier Financial Corp. will host a conference call at which Executive Management will discuss the third quarter results. The conference call may be accessed by calling 1-844-200-6205, Access Code: 581026. Internet access to the call is also available (in listen-only mode) at the following URL: https://events.q4inc.com/attendee/880671

Second Quarter 2022 Highlights Loan growth of $494.1 million (up 35.7% annualized) including $314.8 million for commercial loans excluding PPP (up 34.5% annualized) and $139.2 million for residential loans including held for sale (up 37.8% annualized) Deposit growth of $199.1 million (up 12.6% annualized) including $53.4 million of non-interest-bearing (up 12.3% annualized) Net interest income (tax equivalent) of $59.3 million or $58.5 million excluding PPP and marks, up 2.1% and 8.8%, respectively, from 2022 first quarter Net interest margin (tax equivalent) of 3.36% or 3.32% excluding PPP and acquisition marks accretion, down six but up 12 basis points, respectively, from 2022 fir

Premier Financial Corp. (NASDAQ:PFC) announced today that it intends to report second quarter results on Tuesday, July 26, after the close of the market. The earnings news release will be available on the company's investor relations website at www.PremierFinCorp.com and at major financial information sites. At 11:00 a.m. ET on Wednesday, July 27, 2022, Premier Financial Corp. will host a conference call at which Executive Management will discuss the second quarter results. The conference call may be accessed by calling 1-844-200-6205, Access Code: 276702. Internet access to the call is also available (in listen-only mode) at the following URL: https://events.q4inc.com/attendee/403093314

First Quarter 2022 Highlights Loan growth of $132.4 million excluding PPP (up 10.1% annualized) including $97.4 million for commercial loans (up 11.0% annualized) Deposit growth of $35.2 million (up 2.2% annualized) Net interest income (tax equivalent) of $58.1 million or $53.7 million excluding PPP and marks, up 2.4% and 7.5%, respectively, from 2021 first quarter Asset quality improved with non-performing assets down to 0.63% of assets, classifieds down to 1.0% of loans and delinquencies down to 0.1% of loans Service fee income of $6.0 million, up $0.5 million or 9.7% from 2021 first quarter Completed 0.8 million shares of buybacks for $24.2 million Declared dividend of $0.3

Premier Financial Corp. (NASDAQ:PFC) announced today that it intends to report first quarter results on Tuesday, April 26, after the close of the market. The earnings news release will be available on the company's investor relations website at www.PremierFinCorp.com and at major financial information sites. At 11:00 a.m. ET on Wednesday, April 27, 2022, Premier Financial Corp. will host a conference call at which Executive Management will discuss the first quarter results. The conference call may be accessed by calling 1-844-200-6205, Access Code: 737994. Internet access to the call is also available (in listen-only mode) at the following URL: https://events.q4inc.com/attendee/811820392

Increases Quarterly Dividend Increases Buyback Authorization Fourth Quarter 2021 Highlights 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 Average deposit costs down 4 basis points to 0.16% from third quarter 2021 Asset quality improved with non-performing assets down to 0.64% of assets and classifieds down to 1.2% of loans Allowance to loans ratio of 1.26%, or 1.27% excluding PPP loans, for 2021 fourth quarter Service fee income of $6.4 million, up $0.6 million (10%) from 2020 fourth quarter Increased

Premier Financial Corp. (NASDAQ:PFC) announced today that it intends to report fourth quarter and year-end results on Tuesday, January 25, after the close of the market. The earnings news release will be available on the company's investor relations website at www.PremierFinCorp.com and at major financial information sites. At 11:00 a.m. ET on Wednesday, January 26, 2022, Premier Financial Corp. will host a conference call at which Executive Management will discuss fourth quarter and year-end results. The conference call may be accessed by calling 1-844-200-6205. Internet access to the call is also available (in listen-only mode) at the following URL: https://events.q4inc.com/attendee/417

Third Quarter 2021 Highlights Net income of $28.4 million, up $2.7 million (10.5%) from 2020 third quarter Earnings per share of $0.76, up $0.07 (10.1%) from 2020 third quarter Loan growth of $64.4 million excluding PPP (up 5.1% annualized) including $37.2 million for commercial loans (up 4.4% annualized) during 2021 third quarter Net interest margin of 3.38% or 3.27% excluding PPP and marks, up 4 and 7 basis points respectively, from second quarter 2021 Average deposit costs down 3 basis points to 0.20% from second quarter 2021 Allowance to loans ratio of 1.39%, or 1.43% excluding PPP loans, for 2021 third quarter Service fee income of $6.1 million, up $1.3 million (26.3%) fr

Premier Financial Corp. (NASDAQ:PFC) announced today that it intends to report third quarter results on Thursday, October 28, 2021, after the close of the market. The earnings news release will be available on the company's investor relations website at www.PremierFinCorp.com and at major financial information sites. At 11:00 a.m. ET on Friday, October 29, 2021, Premier Financial Corp. will host a conference call at which Executive Management will discuss the third quarter results. The conference call may be accessed by calling 1-877-444-1726. Internet access to the call is also available (in listen-only mode) at the following URL: https://services.choruscall.com/links/pfc211029.html The

Second Quarter 2021 Highlights Net income of $31.4 million, up $2.3 million (8.0%) or up $0.7 million (2.2%) excluding merger-related provision and expenses from 2020 second quarter Earnings per share of $0.84, up $0.06 (7.7%) or up $0.02 (2.4%) excluding merger-related provision and expenses from 2020 second quarter Service fee income of $6.3 million, up $0.7 million (11.9%) from 2020 second quarter Loan growth of $45 million excluding PPP (up 3.6% annualized) including $36 million for commercial loans (up 4.4% annualized) during 2021 second quarter Average deposit costs down 4 basis points to 0.23% from first quarter 2021 Asset quality improved with non-performing assets down