Premier shows gains in 2nd quarter
YOUNGSTOWN — Premier Financial Corp., the holding company for Premier Bank, reported net income of $29.1 million for the second quarter of 2020. In comparison, next income for the same quarter in 2019 was $12.2 million.
Net income minus expenses related to the merger of United Community Financial Corp., the parent company of Home Savings Bank, and First Defiance Financial Corp. into Premier Bank were $30.7 million, Premier reported.
Earnings per share was 78 cents, or 82 cents excluding merger expenses, compared to 61 cents for the second quarter of 2019.
Also for the quarter, loans grew 6.7 percent to $343 million, deposits grew 15.3 percent to $766, and the dividend was up 15.8 percent to 22 cents per share.