Premier Financial Corp. (PFC) financial statements (2022 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1761601319911499
Cash and cash equivalents1621591319911499
Short-term investments141    
Total current assets:1761601319911499
Noncurrent Assets
Operating lease, right-of-use asset1517 
Property, plant and equipment565940414037
Intangible assets, net (including goodwill)34234810410310463
Goodwill318318100999962
Intangible assets, net (excluding goodwill)24304461
Deferred costs987   
Total noncurrent assets:422432150144144100
Other undisclosed assets6,8836,6193,1872,9392,7352,279
TOTAL ASSETS:7,4817,2123,4693,1822,9932,478
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt  24526164
Deferred tax liabilities121114
Total current liabilities:  24637278
Noncurrent Liabilities
Liabilities, other than long-term debt  1   
Deferred income tax liabilities  1
Total noncurrent liabilities:  1   
Other undisclosed liabilities6,4586,2293,0182,7192,5482,106
Total liabilities:6,4586,2293,0432,7822,6202,185
Stockholders' equity
Stockholders' equity attributable to parent1,023982426400373293
Common stock000000
Treasury stock, value(108)(79)(70)(56)(51)(74)
Additional paid in capital691689162162161126
Accumulated other comprehensive income (loss)(3)155(2)00
Retained earnings444356329296263241
Total stockholders' equity:1,023982426400373293
TOTAL LIABILITIES AND EQUITY:7,4817,2123,4693,1822,9932,478

Income statement (P&L) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues262256155139141117
Net investment income24423814112510887
Financial services revenue3329
Cost of revenue (43)(3)(1)(3)(0)
Provision for loan, lease, and other losses (43)(3)(1)
Financial services costs(3)(0)
Gross profit:262213152138138116
Operating expenses(50)(70)(25)(25)(73)(60)
Other operating income, net
(Noninterest Income, Other Operating Income)
333122
Operating income:2141461301136758
Nonoperating income
(Bank Owned Life Insurance Income)
532231
Interest and debt expense(16)(30)(25)(16)(11)(8)
Other undisclosed loss from continuing operations before equity method investments, income taxes (41)(46)(42)(10)(9)
Income from continuing operations before equity method investments, income taxes:2037961574842
Other undisclosed loss from continuing operations before income taxes(47)     
Income from continuing operations before income taxes:1567961574842
Income tax expense(30)(16)(11)(11)(16)(13)
Net income attributable to parent:1266349463229
Other undisclosed net loss available to common stockholders, basic(0)(0)(0)(0)(0)(0)
Net income available to common stockholders, diluted:1266349463229

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income:1266349463229
Other comprehensive income (loss)(18)107(2)0(3)
Comprehensive income, net of tax, attributable to parent:1087356443225

Statements sources

The financial statements are based on the company's filings with the 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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