Premier Financial Corp., through its subsidiaries, provides various banking services. It offers various demand, checking, money market, certificates of deposits, certificates of deposit account registry service, and savings accounts; and investment products. The company also provides residential real estate loans, commercial real estate loans, commercial loans, home improvement and home equity loans, and consumer loans. In addition, it invests in the U.S. treasury and federal government agency obligations, obligations of states and political subdivisions, mortgage-backed securities that are issued by federal agencies, collateralized mortgage obligations, and corporate bonds. Further, the company offers property and casualty, life, and group health insurance agency services; mezzanine funding services; and online banking services, which include mobile banking, People Pay, online bill pay, and online account opening, as well as the MoneyPass ATM network. It operates through 75 banking center offices and 12 loan offices in Ohio, Michigan, Indiana, Pennsylvania, and West Virginia. The company was formerly known as First Defiance Financial Corp. and changed its name to Premier Financial Corp. in June 2020. Premier Financial Corp. was incorporated in 1995 and is headquartered in Defiance, Ohio.
IPO Year:
Exchange: NASDAQ
Website: premierfincorp.com/investor-relations/corporate-ove
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/1/2024 | $22.50 | Market Perform → Outperform | Hovde Group |
| 2/23/2024 | Neutral | Piper Sandler | |
| 11/21/2023 | $23.00 | Market Perform | Hovde Group |
| 12/13/2022 | $32.00 | Outperform → Mkt Perform | Keefe Bruyette |
| 2/23/2022 | Buy → Neutral | Janney | |
| 2/23/2022 | Neutral → Buy | Janney Montgomery Scott | |
| 1/12/2022 | $35.00 → $34.00 | Overweight → Neutral | Piper Sandler |
| 11/1/2021 | Outperform → Mkt Perform | Raymond James | |
| 8/26/2021 | $32.00 → $35.00 | Outperform | Raymond James |
| 8/2/2021 | $37.00 → $32.00 | Outperform | Raymond James |
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Declared dividend of $0.31 per share Third Quarter Highlights Announced strategic merger with Wesbanco, Inc. Earnings per share of $0.46 or $0.54 excluding transaction costs, increases of $0.01 and $0.09, respectively, from second quarter Average deposits excluding brokereds increased 5% annualized from second quarter Average interest-earning assets increased 1% annualized from second quarter Net interest margin increased four basis points to 2.50% from second quarter Book value per share of $28.43 and tangible book value per share of $19.92, increases of 16% and 24% annualized, respectively, from second quarter Premier Financial Corp. (NASDAQ:PFC) ("Premier" or the "Company"
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,
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Declared dividend of $0.31 per share Third Quarter Highlights Announced strategic merger with Wesbanco, Inc. Earnings per share of $0.46 or $0.54 excluding transaction costs, increases of $0.01 and $0.09, respectively, from second quarter Average deposits excluding brokereds increased 5% annualized from second quarter Average interest-earning assets increased 1% annualized from second quarter Net interest margin increased four basis points to 2.50% from second quarter Book value per share of $28.43 and tangible book value per share of $19.92, increases of 16% and 24% annualized, respectively, from second quarter Premier Financial Corp. (NASDAQ:PFC) ("Premier" or the "Company"
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,
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Premier Financial Corp. (NASDAQ:PFC), the holding company for Premier Bank and First Insurance Group, today announced that Nikki Lanier, JD, will be appointed to the Company's Board of Directors effective January 24, 2022. Ms. Lanier is the founder and Chief Executive Officer of Harper Slade, a racial equality advisory firm that began operations January 1, 2022. Prior to forming Harper Slade, Ms. Lanier was the Senior Vice President and Site General Manager of the Federal Reserve Bank of St. Louis (Louisville). Don Hileman, Executive Chairman of the Board of Premier Financial, stated "I am delighted to welcome Ms. Lanier to our Board of Directors. We are confident that she will provide va
Hovde Group upgraded Premier Financial from Market Perform to Outperform and set a new price target of $22.50
Piper Sandler resumed coverage of Premier Financial with a rating of Neutral
Hovde Group initiated coverage of Premier Financial with a rating of Market Perform and set a new price target of $23.00
Keefe Bruyette downgraded Premier Financial from Outperform to Mkt Perform and set a new price target of $32.00
Janney downgraded Premier Financial from Buy to Neutral
Janney Montgomery Scott upgraded Premier Financial from Neutral to Buy
Piper Sandler downgraded Premier Financial from Overweight to Neutral and set a new price target of $34.00 from $35.00 previously
Raymond James downgraded Premier Financial from Outperform to Mkt Perform
Raymond James reiterated coverage of Premier Financial with a rating of Outperform and set a new price target of $35.00 from $32.00 previously
Raymond James reiterated coverage of Premier Financial with a rating of Outperform and set a new price target of $32.00 from $37.00 previously
Across the recent three months, 3 analysts have shared their insights on Premier Financial (NASDAQ:PFC), expressing a variety of opinions spanning from bullish to bearish. The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 0 3 0 0 Last 30D 0 0 2 0 0 1M Ago 0 0 0 0 0 2M Ago 0 0 0 0 0 3M Ago 0 0 1 0 0 Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $22.0, a high estimate of $23.00, and a low estimate of $21.00. This cur
Keefe, Bruyette & Woods analyst Timothy Switzer reiterates Premier Financial (NASDAQ:PFC) with a Market Perform and lowers the price target from $25 to $23.
Piper Sandler analyst Alexander Twerdahl maintains Premier Financial (NASDAQ:PFC) with a Neutral and raises the price target from $21 to $22.
Premier Financial (NASDAQ:PFC) reported quarterly earnings of $0.50 per share which beat the analyst consensus estimate of $0.47 by 6.38 percent. The company reported quarterly sales of $49.574 million which missed the analyst consensus estimate of $57.164 million by 13.28 percent. This is a 11.93 percent decrease over sales of $56.287 million the same period last year.
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Hovde Group analyst Brendan Nosal upgrades Premier Financial (NASDAQ:PFC) from Market Perform to Outperform.
Piper Sandler analyst Alexander Twerdahl assumes Premier Financial (NASDAQ:PFC) with a Neutral rating and announces Price Target of $21.
Keefe, Bruyette & Woods analyst Michael Perito maintains Premier Financial (NASDAQ:PFC) with a Market Perform and lowers the price target from $26 to $25.
Premier Financial (NASDAQ:PFC) reported its Q4 earnings results on Tuesday, January 23, 2024 at 04:15 PM. Here's what investors need to know about the announcement. Earnings Premier Financial missed estimated earnings by 3.45%, reporting an EPS of $0.56 versus an estimate of $0.58. Revenue was down $10.07 million from the same period last year. Past Earnings Performance Last quarter the company beat on EPS by $0.1 which was followed by a 1.9% increase in the share price the next day. Here's a look at Premier Financial's past performance: Quarter Q3 2023 Q2 2023 Q1 2023 Q4 2022 EPS Estimate 0.59 0.57 0.70 0.81 EPS Actual 0.69 0.68 0.63 0.71 Revenue Estimate 57.03M 58.42M 66.27M 64.