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Premier Financial Bancorp (PFBI), a $1.9 billion financial holding company, has announced a special cash dividend of $1.00 per share. The board of directors declared this special dividend during their January meeting, payable to shareholders of record on February 1, 2021. Shareholders will receive the cash dividend on February 5, 2021. President and CEO Robert W. Walker expressed satisfaction in returning this additional amount to shareholders, highlighting it as a supplement to the regular quarterly dividend.
Premier Financial Bancorp (PFBI) has declared a fourth quarter cash dividend of $0.15 per share on its common stock. The dividend is set for shareholders of record on December 15, 2020, and will be paid out on December 31, 2020. The company, a $1.9 billion financial holding entity, emphasizes its commitment to shareholder returns amid prevailing economic conditions. This announcement reflects Premier’s ongoing strategy to reward its investors with consistent dividends, showcasing their financial stability.
Premier Financial Bancorp (PFBI), a financial holding company, reported a net income of $5.6 million for Q3 2020, down 10.3% from $6.3 million in Q3 2019. This decline is attributed to reduced interest and non-interest income, an increased provision for loan losses (up 79.1% year-over-year), and higher non-interest expenses. Total assets grew by 6.1% to $1.889 billion, primarily due to increased loan activity amid the COVID-19 pandemic. Despite challenges, net interest income reached a record high of $16.97 million, reflecting strong loan performance with a significant contribution from the Payroll Protection Program.
Premier Financial Bancorp has declared a cash dividend of $0.15 per share for the third quarter of 2020. The dividend is set to be paid on September 30, 2020, to shareholders on record as of September 15, 2020. This decision reflects the company's ongoing commitment to provide shareholder returns amidst broader economic uncertainties.
Premier Financial Bancorp (PFBI) reported a net income of $5.5 million for Q2 2020, down 6.0% from Q2 2019. Earnings per share were $0.37, a decline from $0.40. The decrease is attributed to reduced interest income and an increased provision for loan losses, largely due to COVID-19's economic impact. Total assets rose 7.5% to $1.915 billion, driven by strong participation in the SBA's PPP, which generated $114.2 million in new loans. Deposits also grew by 7.5% to $1.6 billion, highlighting significant liquidity amidst economic challenges.