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Premier Financial Corp. - PFC STOCK NEWS

Welcome to our dedicated page for Premier Financial news (Ticker: PFC), a resource for investors and traders seeking the latest updates and insights on Premier Financial stock.

Premier Financial Corp. (symbol: PFC) is a reputable financial holding company headquartered at 601 Clinton St, Defiance, Ohio, United States. Operating as a community banking and financial services corporation, Premier Financial Corp. delivers a comprehensive range of financial solutions through its subsidiaries.

The company’s core offerings include checking accounts, savings accounts, certificates of deposit, real estate mortgage loans, commercial loans, consumer loans, home equity loans, and trust and wealth management services. Premier Financial Corp. is dedicated to providing personalized and community-focused financial services, making it a significant player in the financial industry within its operational regions.

Recent achievements highlight the company’s continual growth and strong financial health. Premier Financial Corp. has formed strategic partnerships and launched several successful projects, further cementing its commitment to delivering exceptional financial services. The company’s robust financial condition is reflected in its proactive measures and strategic initiatives aimed at ensuring sustainable growth and shareholder value.

With a customer-centric approach, Premier Financial Corp. remains focused on enhancing its product offerings and expanding its reach. Current projects include the development of innovative banking solutions and expanding digital banking services to ensure seamless and efficient customer experiences. The company’s dedication to excellence and community engagement positions it as a trusted financial partner in the industry.

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Premier Financial Corp. (Nasdaq: PFC) has announced their second quarter 2024 financial results and a strategic merger with Wesbanco, Inc. (Nasdaq: WSBC). The merger, valued at approximately $987 million, will see PFC shareholders receive 0.80 shares of WSBC common stock for each PFC share, holding 30% of the combined company upon closure in Q1 2025.

PFC reported a Q2 2024 net income of $16.2 million, or $0.45 per diluted share, down from $48.4 million, or $1.35 per diluted share, in Q2 2023. Excluding the $32.6 million gain from the sale of First Insurance Group in Q2 2023, net income for Q2 2023 was $24.2 million. Net interest income fell 8.8% YoY to $49.3 million, and non-interest income also declined 6.5% to $12.1 million.

Non-interest expenses reduced by 6.6% YoY to $38.2 million. Credit quality issues emerged with non-performing assets rising to $64.6 million, and loan delinquencies increasing to $24.6 million. PFC's total assets at June 30, 2024, were $8.78 billion.

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WesBanco (NASDAQ: WSBC) and Premier Financial Corp. (NASDAQ: PFC) have announced a transformative merger, creating a regional financial institution with over $27 billion in assets. The all-stock transaction, valued at approximately $959 million, will see Premier shareholders receive 0.80 shares of WesBanco stock for each Premier share. WesBanco has also secured $200 million in capital commitments to support the merger.

Key highlights:

  • Transaction valued at $26.66 per Premier share
  • Expected to be 40% accretive to 2025 earnings
  • Estimated tangible book value dilution of 13% at closing
  • Combined entity to become the 8th largest bank in Ohio
  • Merger expected to close in Q1 2025
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Premier Financial Corp. (Nasdaq: PFC) announced it will release its second-quarter earnings results on July 30, 2024, after market close.

The company will also host a conference call and webcast on July 31, 2024, at 10:00 a.m. ET, where Executive Management will discuss the earnings results.

The earnings release will be available on Premier Financial's investor relations website and major financial information sites.

The conference call can be accessed by dialing 1-833-470-1428 with the Access Code: 762462 or via a webcast at https://events.q4inc.com/attendee/676401742.

The webcast will be available for replay on the company's website for one year.

For those without internet access, the earnings release can be requested via fax or mail by calling 330-742-9857.

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Premier Financial Corp. (Nasdaq: PFC) announced its first quarter 2024 results with a net income of $17.8 million and a declared dividend of $0.31 per share. Highlights include growth in deposit and earning asset balances, reduced loans/deposits ratio, increased non-interest income, and decreased non-interest expenses. Delinquent loans and net charge-offs also declined. Regulatory capital ratios improved, with Tier 1 up 30 basis points to 12.49%. Net interest income decreased, with interest margin down to 2.50%. Total deposits and loans decreased during the quarter. Non-interest income increased by 6.0%, driven by asset management revenue and residential mortgage results. Non-interest expenses increased by 5.3%. Credit quality metrics showed an increase in non-performing assets and criticized loans. Total assets remained stable at $8.63 billion. The company declared a dividend of $0.31 per share to be paid on May 10, 2024.
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Premier Financial Corp. (PFC) is set to report its first-quarter results on April 23, 2024, after the market closes. The company will host a conference call on April 24 to discuss the results, accessible via phone or web. Investors can access the earnings release on the company's website or major financial sites.
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Premier Financial Corp. (PFC) declared a dividend of $0.31 per share for Q4 2023, with highlights including deposit growth of $77 million, loan growth of $43 million, and a decrease in non-performing assets by 10%. Full year 2023 saw a net income of $111.3 million, with a significant gain from the sale of an insurance agency. The company also launched a new digital banking platform in October 2023.
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Premier Financial Corp. (Nasdaq: PFC) will report fourth quarter results on January 23 after the market closes. The earnings news release will be available on the company’s investor relations website and major financial information sites. Executive Management will host a conference call on January 24 to discuss the results.
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Premier Financial Corp. (Nasdaq: PFC) announced its third-quarter 2023 results, reporting net income of $24.7 million ($0.69 per diluted common share). The company saw growth in core net income, net interest margin, and deposit growth. Expenses decreased by 14.5% and loan delinquencies were down by 9.5%. Regulatory capital ratios also improved. Premier also launched a new digital banking platform to enhance customer experience.
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Premier Financial Corp. (PFC) to report Q3 results on October 24. Conference call on October 25. Webcast replay available for one year.
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Premier Financial Corp. (Nasdaq: PFC) Completes Sale of Insurance Agency for $36 Million Gain and Strengthens Capital and Liquidity. Second Quarter 2023 Highlights include $48.4 million net income, $132.7 million loan growth, and a declared dividend of $0.31 per share. The sale of the insurance agency and executed hedges improved asset-sensitivity and provided protection against additional rate increases.
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FAQ

What is the current stock price of Premier Financial (PFC)?

The current stock price of Premier Financial (PFC) is $22.92 as of October 9, 2024.

What is the market cap of Premier Financial (PFC)?

The market cap of Premier Financial (PFC) is approximately 821.4M.

What services does Premier Financial Corp. offer?

Premier Financial Corp. offers checking accounts, savings accounts, certificates of deposit, real estate mortgage loans, commercial loans, consumer loans, home equity loans, and trust and wealth management services.

Where is Premier Financial Corp. located?

Premier Financial Corp. is located at 601 Clinton St, Defiance, Ohio, United States.

What is the stock symbol for Premier Financial Corp.?

The stock symbol for Premier Financial Corp. is PFC.

What is the primary market for Premier Financial Corp.?

Premier Financial Corp. operates primarily as a community banking and financial services corporation.

What recent achievements has Premier Financial Corp. made?

Premier Financial Corp. has formed strategic partnerships and launched successful projects, demonstrating continual growth and a strong financial condition.

How does Premier Financial Corp. ensure customer satisfaction?

Premier Financial Corp. is focused on enhancing product offerings and expanding digital banking services to provide seamless and efficient customer experiences.

Is Premier Financial Corp. expanding its services?

Yes, Premier Financial Corp. is working on developing innovative banking solutions and expanding its digital banking services.

What type of loans does Premier Financial Corp. provide?

Premier Financial Corp. provides real estate mortgage loans, commercial loans, consumer loans, and home equity loans.

What are Premier Financial Corp.'s trust and wealth management services?

These services include managing trusts and providing comprehensive wealth management solutions to help clients achieve their financial goals.

Why is Premier Financial Corp. considered a trusted financial partner?

Premier Financial Corp. is dedicated to excellence, community engagement, and delivering personalized financial services, making it a reliable partner in the financial industry.

Premier Financial Corp.

Nasdaq:PFC

PFC Rankings

PFC Stock Data

821.42M
35.84M
2.09%
68.14%
1.31%
Banks - Regional
State Commercial Banks
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United States of America
DEFIANCE