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. (Nasdaq: PFC) generated frequent news as a regional bank holding company and, more recently, as the subject of a completed acquisition by WesBanco, Inc. Company announcements and joint press releases document Premier’s quarterly and full-year financial results, strategic decisions and merger milestones.
News items include detailed earnings releases for each quarter of 2024, in which Premier reported net income, net interest income, net interest margin, deposit and loan trends, non-interest income components such as mortgage banking income, service fees, wealth management income and bank-owned life insurance income, as well as non-interest expenses and efficiency ratios. These releases also discuss credit quality metrics, including non-performing assets, loan delinquencies, criticized loans, net charge-offs, provision expense and allowance for credit losses.
Another major category of news covers the strategic merger between Premier Financial Corp. and WesBanco, Inc. On July 26, 2024, the companies announced a definitive merger agreement under which Premier would merge with and into WesBanco in an all-stock transaction, with Premier shareholders receiving 0.80 shares of WesBanco common stock for each Premier share. Subsequent updates reported shareholder approvals of the merger agreement and, on February 28, 2025, WesBanco announced the successful closing of the acquisition and the merger of Premier Bank into WesBanco Bank, Inc.
Investors and observers using this news feed can review historical coverage of Premier’s financial performance, capital and credit trends, and the step-by-step progress of the WesBanco transaction. This archive helps place the PFC ticker in context as a former independent bank holding company that became part of a larger regional financial services institution.
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Premier Financial Corp. (Nasdaq: PFC) reported its first quarter 2023 financial results, revealing a net income of $18.1 million, or $0.51 per diluted share, down from $25.3 million, or $0.71 per share in the previous quarter. The CET1 ratio improved to 9.96%, while the tangible equity ratio rose to 7.03%. Loan growth reached $115.2 million (7.1% annualized), with a notable increase in commercial loans. The company declared a dividend of $0.31 per share, reflecting a 3.3% year-over-year increase. However, net interest income decreased by 10% to $56.4 million, and non-interest income fell 12% to $12.5 million due to fluctuations in mortgage banking and securities. Total deposits declined by 2%, largely due to a drop in non-interest bearing deposits, although customer deposits increased by $14.2 million in March 2023.
Premier Financial Corp. (Nasdaq: PFC) announced it will report its first quarter results on April 25, 2023, after market close. The earnings release will be accessible on the company's investor relations website. A conference call featuring executive management discussing the results is scheduled for April 26, 2023, at 11:00 a.m. ET, with access available via phone and also online in listen-only mode. The webcast replay will be available for one year post-event. Premier Financial Corp. operates 75 branches and is the holding company for Premier Bank and First Insurance Group.
Premier Financial Corp. (Nasdaq: PFC) reported strong fourth quarter and full year 2022 results, with net income of $25.3 million for Q4 and $102.2 million for the full year. Noteworthy highlights include:
- Loan growth of $1.1 billion (up 20.5%) for 2022, with commercial loans up 19.6%.
- Customer deposits increased by $481 million (up 7.7%).
- Declared a quarterly dividend of $0.31 per share, marking a 3.3% increase from last year.
- Net interest income increased to $243.7 million, up 6.7% from 2021.
- Improved asset quality with non-performing loans down 30% year-over-year.