Premier Financial Corp. (PFC) Financial Statements (2024 and earlier)

Company Profile

Business Address 601 CLINTON ST
DEFIANCE, OH 43512
State of Incorp. OH
Fiscal Year End December 31
Industry (SIC) 6022 - State Commercial Banks (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments135,992175,663160,356131,25498,962113,693
Cash and cash equivalents128,160161,566159,266131,25498,962113,693
Short-term investments7,83214,0971,090   
Total current assets:135,992175,663160,356131,25498,962113,693
Noncurrent Assets
Operating lease, right-of-use asset14,90015,40016,900 
Property, plant and equipment55,54155,60258,66539,56340,67040,217
Intangible assets, net (including goodwill)337,062342,077348,285103,841102,960104,272
Goodwill317,988317,948317,948100,06998,56998,569
Intangible assets, net (excluding goodwill) 19,07424,12930,3373,7724,3915,703
Deferred costs 10,3009,4008,2006,900  
Total noncurrent assets:417,803422,479432,050150,304143,630144,489
Other undisclosed assets7,901,5476,883,2606,619,3283,187,4342,939,1302,735,221
TOTAL ASSETS:8,455,3427,481,4027,211,7343,468,9923,181,7222,993,403
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt 428,000  23,99951,66761,037
Deferred tax liabilities11,67011,078
Total current liabilities: 428,000  23,99963,33772,115
Noncurrent Liabilities
Liabilities, other than long-term debt    905  
Deferred income tax liabilities    905
Total noncurrent liabilities:    905  
Other undisclosed liabilities7,139,6216,457,9066,229,4583,017,9212,718,7962,548,002
Total liabilities:7,567,6216,457,9066,229,4583,042,8252,782,1332,620,117
Equity
Equity, attributable to parent887,7211,023,496982,276426,167399,589373,286
Common stock306306306127127127
Treasury stock, value(133,487)(108,031)(78,838)(69,685)(55,571)(50,898)
Additional paid in capital691,453691,132689,390161,955161,593160,940
Accumulated other comprehensive income (loss)(173,460)(3,428)15,0044,595(2,148)217
Retained earnings502,909443,517356,414329,175295,588262,900
Total equity:887,7211,023,496982,276426,167399,589373,286
TOTAL LIABILITIES AND EQUITY:8,455,3427,481,4027,211,7343,468,9923,181,7222,993,403

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues293,941261,585256,198155,202138,802140,695
Net investment income277,712243,587237,946141,084124,717108,102
Financial services revenue32,593
Cost of revenue(5,399) (43,154)(2,905)(1,176)(2,949)
Provision for loan, lease, and other losses   (43,154)(2,905)(1,176)
Amortization of mortgage servicing rights (msrs)(5,399)     
Financial services costs(2,949)
Gross profit:288,542261,585213,044152,297137,626137,746
Operating expenses(48,440)(49,860)(69,543)(24,640)(24,748)(72,776)
Other operating income, net
(Noninterest Income, Other Operating Income)
9842,7642,9852,6645981,854
Operating income:241,086214,489146,486130,321113,47666,824
Nonoperating income
(Bank Owned Life Insurance Income)
3,9465,1213,3062,1581,7673,085
Interest and debt expense(34,791)(16,218)(29,941)(25,435)(16,462)(11,431)
Other undisclosed loss from continuing operations before equity method investments, income taxes   (40,582)(46,407)(41,906)(10,026)
Income from continuing operations before equity method investments, income taxes:210,241203,39279,26960,63756,87548,452
Other undisclosed loss from continuing operations before income taxes(83,958)(46,969)    
Income from continuing operations before income taxes:126,283156,42379,26960,63756,87548,452
Income tax expense(24,096)(30,372)(16,192)(11,267)(10,626)(16,184)
Income from continuing operations:102,187126,05163,07749,37046,24932,268
Income before gain (loss) on sale of properties:126,05163,07749,37046,24932,268
Net income attributable to parent:102,187126,05163,07749,37046,24932,268
Other undisclosed net loss available to common stockholders, basic(103)(123)(89)(36)(16)(5)
Net income available to common stockholders, diluted:102,084125,92862,98849,33446,23332,263

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:102,187126,05163,07749,37046,24932,268
Other comprehensive income (loss)(170,032)(18,432)10,4096,743(2,412)2
Comprehensive income (loss):(67,845)107,61973,48656,11343,83732,270
Other undisclosed comprehensive loss, net of tax, attributable to parent      
Comprehensive income (loss), net of tax, attributable to parent:(67,845)107,61973,48656,11343,83732,270

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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