Articles from Premier Financial Corp.

Premier Financial Corp. (Nasdaq: PFC) (“Premier” or the “Company”) announced today 2024 fourth quarter and full year results.

WesBanco, Inc. (“WesBanco”) (Nasdaq: WSBC) and Premier Financial Corp. (“Premier”) (Nasdaq: PFC) today announced that WesBanco’s shareholders and Premier’s shareholders have each voted overwhelmingly to adopt and approve, as applicable, all proposals relating to the previously announced merger agreement for WesBanco to acquire Premier. The votes were held at the respective special meetings of WesBanco’s shareholders and Premier’s shareholders today. Approximately 85% of the votes cast at WesBanco’s special meeting voted to approve the merger and to approve the proposal to issue shares of WesBanco common stock as described in the joint proxy statement/prospectus for the special meeting, and approximately 68% of the outstanding shares of Premier common stock voted to approve the proposal to adopt the merger agreement.

Premier Financial Corp. (Nasdaq: PFC) (“Premier” or the “Company”) announced today 2024 third quarter results.

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).

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.

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 diluted common share, compared to $18.1 million, or $0.51 per diluted common share, for the first quarter of 2023.

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.

Premier Financial Corp. (Nasdaq: PFC) (“Premier” or the “Company”) announced today 2023 fourth quarter and full year results. Net income for the fourth quarter of 2023 was $20.1 million, or $0.56 per diluted common share, compared to $25.3 million, or $0.71 per diluted common share, for the fourth quarter of 2022. Net income for 2023 was $111.3 million, or $3.11 per diluted common share, compared to $102.2 million, or $2.85 per diluted common share, for 2022. Full year 2023 results include the impact of the disposition of the Company’s insurance agency, First Insurance Group (“FIG”), for a net gain on sale after transaction costs of $32.6 million pre-tax or $0.67 per diluted share after-tax. Excluding the impact of this transaction, 2023 earnings would be $2.44 per diluted share.

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.

Premier Financial Corp. (Nasdaq: PFC) (“Premier” or the “Company”) announced today 2023 third quarter results, including net income of $24.7 million ($0.69 per diluted common share) compared to $48.4 million ($1.35 per diluted common share), or core $24.2 million ($0.68 per diluted common share) excluding the insurance agency sale, for the second quarter of 2023.

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.

Premier Financial Corp. (Nasdaq: PFC) (“Premier” or the “Company”) announced today 2023 second quarter results, including net income of $48.4 million or $1.35 per diluted common share, compared to $22.4 million, or $0.63 per diluted common share, for the second quarter of 2022. Second quarter 2023 results include the impact of the disposition of the Company’s insurance agency, First Insurance Group (“FIG”), for a net gain on sale after transaction costs of $32.6 million pre-tax or $0.67 per diluted share after-tax. Excluding the impact of this transaction, second quarter 2023 earnings would be $0.68 per diluted share.

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.

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 common share, for the fourth quarter of 2022. First quarter 2023 results include the impact of the following items: i) equity investment losses of $1.4 million pre-tax or $0.03 per diluted share after-tax; ii) a negative mortgage pipeline hedge adjustment of $1.5 million pre-tax or $0.03 per diluted share after-tax; iii) a commercial loan charge-off related to an annual appraisal update of $1.5 million pre-tax or $0.03 per diluted share after-tax; and iv) timing-related expenses, including payroll taxes and benefits on annual incentive payouts, of $1.5 million pre-tax or $0.03 per diluted share after-tax. Excluding the impact of these items, first quarter 2023 earnings would be $0.63 per diluted share. Separately, expense savings planned for the remainder of the year represent an estimated $3.0 million pre-tax per quarter. Additionally, the Company estimates that each 25 basis point change in the Federal Funds rate could impact net interest income by approximately $1.5 million on a pre-tax annualized basis based on the Company’s balance sheet as of March 31, 2023.

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.

Premier Financial Corp. (Nasdaq: PFC) (“Premier” or the “Company”) announced today 2022 fourth quarter and full year results. Net income for the fourth quarter of 2022 was $25.3 million, or $0.71 per diluted common share, compared to $25.3 million, or $0.69 per diluted common share, for the fourth quarter of 2021. Net income for 2022 was $102.2 million, or $2.85 per diluted common share, compared to $126.1 million, or $3.39 per diluted common share, for 2021.

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.

Premier Financial Corp. (Nasdaq: PFC) (“Premier” or the “Company”) announced today 2022 third quarter results. Net income for the third quarter of 2022 was $28.2 million, or $0.79 per diluted common share, compared to $28.4 million, or $0.76 per diluted common share, for the third quarter of 2021.

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.

Premier Financial Corp. (Nasdaq: PFC) (“Premier” or the “Company”) announced today 2022 second quarter results. Net income for the second quarter of 2022 was $22.4 million, or $0.63 per diluted common share, compared to $31.4 million, or $0.84 per diluted common share, for the second quarter of 2021. The year-over-year comparison is primarily impacted by increased provision for credit losses due to loan growth, lower PPP interest income and securities gain/loss fluctuations, which are summarized as follows and discussed further below.

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.

Premier Financial Corp. (Nasdaq: PFC) (“Premier” or the “Company”) announced today 2022 first quarter results. Net income for the first quarter of 2022 was $26.4 million, or $0.73 per diluted common share, compared to $41.0 million, or $1.10 per diluted common share, for the first quarter of 2021. The year-over-year comparison is primarily impacted by fluctuations in the provision for credit losses, mortgage banking income and securities gains/losses, which is summarized as follows and discussed further below.

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.

Premier Financial Corp. (Nasdaq: PFC) (“Premier” or the “Company”) today announced 2021 fourth quarter and full year results. Net income for the fourth quarter of 2021 was $25.3 million, or $0.69 per diluted common share, compared to $30.8 million, or $0.82 per diluted common share, for the fourth quarter of 2020. The prior year’s results include the impact of $2.2 million of acquisition-related charges for the three months ended December 31, 2020, which had an after-tax cost of $1.7 million, or $0.05 per diluted common share. Net income for the year ended December 31, 2021, was $126.1 million, or $3.39 per diluted common share, compared to $63.1 million, or $1.75 per diluted common share, for the year ended December 31, 2020. The year-over-year comparison is substantially impacted by the acquisition of United Community Financial Corp. (“UCFC”) on January 31, 2020, with the prior year’s provision expense of $44.3 million that included $25.9 million related to acquisition accounting for an after-tax cost of $20.5 million, or $0.57 per diluted common share. 2021 included a provision recovery of $7.1 million, which had an after-tax benefit of $5.6 million, or $0.15 per diluted common share, and no acquisition impact. Additionally, the prior year’s results include the impact of $19.5 million of acquisition-related charges, which had an after-tax cost of $15.8 million, or $0.44 per diluted common share. Excluding the impact of the acquisition-related provision and charges, earnings for 2020 were $99.3 million, or $2.76 per diluted common share.

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.

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.

Premier Financial Corp. (Nasdaq: PFC) (“Premier” or the “Company”) today announced 2021 third quarter results. Net income for the third quarter of 2021 was $28.4 million, or $0.76 per diluted common share, compared to $25.7 million, or $0.69 per diluted common share, for the third quarter of 2020. The prior year’s results include the impact of $3.7 million of acquisition-related charges for the three months ended September 30, 2020, which had an after-tax cost of $2.9 million or $0.08 per diluted common share. Net income for the nine months ended September 30, 2021, was $100.7 million, or $2.70 per diluted common share, compared to $32.2 million, or $0.91 per diluted common share, for the nine months ended September 30, 2020. The nine-month year-over-year comparison is substantially impacted by the acquisition of United Community Financial Corp. (“UCFC”) on January 31, 2020, with the prior year’s provision expense of $51.0 million that included $25.9 million related to acquisition accounting for an after-tax cost of $20.5 million, or $0.58 per diluted common share. The nine months of 2021 included a provision recovery of $9.1 million, which had an after-tax benefit of $7.2 million, or $0.19 per diluted common share, and no acquisition impact. Additionally, the prior year’s nine-month results include the impact of $17.3 million of acquisition-related charges, which had an after-tax cost of $14.0 million, or $0.39 per diluted common share. Excluding the impact of the acquisition-related provision and charges, earnings for the first nine months of 2020 were $66.8 million, or $1.88 per diluted common share.

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.

Premier Financial Corp. (Nasdaq: PFC) (“Premier” or the “Company”) today announced 2021 second quarter results. Net income for the second quarter of 2021 was $31.4 million, or $0.84 per diluted common share, compared to $29.1 million, or $0.78 per diluted common share, for the second quarter of 2020. The prior year’s results include the impact of $2.1 million of acquisition-related charges for the three months ended June 30, 2020, which had an after-tax cost of $1.7 million or $0.04 per diluted common share. Net income for the six months ended June 30, 2021, was $72.4 million, or $1.94 per diluted common share, compared to $6.6 million, or $0.19 per diluted common share, for the six months ended June 30, 2020. The six-month year-over-year comparison is substantially impacted by the acquisition of United Community Financial Corp. (“UCFC”) on January 31, 2020, with the prior year’s provision expense of $48.2 million that included $25.9 million related to acquisition accounting for an after-tax cost of $20.5 million, or $0.59 per diluted common share. The first half of 2021 included a provision recovery of $10.9 million, which had an after-tax benefit of $8.6 million, or $0.23 per diluted common share, and no acquisition impact. Additionally, the prior year’s six-month results include the impact of $13.6 million of acquisition-related charges, which had an after-tax cost of $11.1 million, or $0.32 per diluted common share. Excluding the impact of the acquisition-related provision and charges, earnings for the first half of 2020 were $38.2 million, or $1.11 per diluted common share.

Premier Financial Corp. (Nasdaq: PFC) announced today that it intends to report second quarter results on Thursday, July 29, 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.

Premier Financial Corp. (Nasdaq: PFC) (“Premier” or the “Company”) announced today 2021 first quarter results including solid core profitability. Net income for the first quarter of 2021 was $41.0 million, or $1.10 per diluted common share, compared to a net loss of $22.5 million, or $0.71 per diluted common share, for the first quarter of 2020. The year-over-year comparison is impacted by the acquisition of United Community Financial Corp. (“UCFC”) on January 31, 2020, with 2020 first quarter results including two months of operations from UCFC compared to three in first quarter of 2021. The prior year’s results include the impact of $11.5 million of acquisition-related charges for the three months ended March 31, 2020, which had an after-tax cost of $9.5 million or $0.30 per diluted common share. Additionally, the prior year’s provision expense of $45.2 million included $25.9 million related to acquisition accounting for an after-tax cost of $20.5 million, or $0.65 per diluted common share. The first quarter of 2021 included a provision credit of $7.0 million and no acquisition impact. Excluding the impact of the acquisition-related provision and charges, earnings for the three months ended March 31, 2020, were $7.5 million, or $0.24 per diluted common share.