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Premier Financial Corp. Company profile

About Premier Financial Corp (OHIO)

Premier Financial Corp. is a financial holding company that conducts business through its wholly-owned subsidiary, Premier Bank (the Bank). The Bank is primarily engaged in community banking. The Bank attracts deposits from the general public through its offices and Website and uses those and other available sources of funds to originate residential real estate loans, commercial real estate loans, commercial loans, home improvement and home equity loans and consumer loans. In addition, the invests in United States Treasury and federal government agency obligations, obligations of states and political subdivisions, mortgage-backed securities that are issued by federal agencies, collateralized mortgage obligations (CMOs), and corporate bonds. The Bank conducts operations through 78 full-service banking center offices, 12 loan offices and two wealth offices. The Company’s subsidiaries include First Insurance Group of the Midwest, Inc., PFC Risk Management Inc. and HSB Capital, LLC.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, Premier Financial Corp (OHIO) interest income increased 2% to $243.6M. Net interest income after loan loss provision increased 43% to $234.4M. Net income applicable to common stockholders increased 100% to $125.9M. Net interest income after loan loss provision reflects Taxable increase of 94% to $15.5M, Investment securities increase of 11% to $3.9M.

Equity composition

Common Stock $.01 Par, 03/11, 25M auth.,9,724,000 issd., . Insiders own 8.69%. 9/95, Reorganization, exchange ratio of 2.1590231 shares for each share of First Federal Stock.