A Brief History of Premier Financial Corp. (PFC)

Foundation and Early Years

Premier Financial Corp. was founded in 1991 and is headquartered in Defiance, Ohio. Initially, it started as a small banking entity focused on providing financial services to the local community.

Growth and Expansion

Throughout the late 1990s and early 2000s, PFC pursued a strategy of growth through acquisitions, significantly increasing its market presence. By 2002, Premier Financial had completed the acquisition of several community banks, which expanded their footprint across Ohio and into Indiana.

Significant Acquisitions

Key acquisitions include:

• 2004: Acquired Oakwood Financial Services, enhancing its presence in the Columbus, Ohio market.
• 2005: Purchased Farmers & Merchants State Bank, further solidifying its operations in northwest Ohio.
• 2012: Merged with The Farmers & Merchants State Bank, increasing assets significantly.

Financial Performance

As of December 31, 2022, Premier Financial Corp. reported total assets of approximately $2.1 billion, total deposits of $1.8 billion, and total loans of around $1.5 billion.

Stock Performance

PFC trades on the NASDAQ under the ticker symbol "PFC." The closing stock price on September 30, 2023, was $23.45, with a market capitalization of approximately $400 million.

Recent Financial Metrics

Community Involvement and Initiatives

PFC has demonstrated a strong commitment to community involvement, supporting various local initiatives, including:

• Financial literacy programs for youth.
• Partnerships with local non-profits.
• Community development projects aimed at revitalizing urban areas.

Awards and Recognition

In recent years, Premier Financial Corp. has received various accolades, including:

• 2021: "Best Bank in Defiance" by the local Chamber of Commerce.
• 2022: Recognized as a "Community Champion" for outstanding service to local non-profits.

Current Market Position

As of October 2023, Premier Financial Corp. operates approximately 27 branches across Ohio and Indiana, offering a wide range of products and services including:

• Personal banking.
• Business banking.
• Wealth management services.

A Who Owns Premier Financial Corp. (PFC)

Corporate Structure

Premier Financial Corp. (PFC) operates as a bank holding company headquartered in Defiance, Ohio. As of October 2023, the company primarily offers banking services through its subsidiary, Premier Bank.

Major Shareholders

The ownership structure of Premier Financial Corp. consists of institutional investors and individual shareholders. The following table outlines the major shareholders and their respective ownership percentages based on the latest data from Q3 2023.

Insider Ownership

Insider ownership is a crucial aspect of examining who owns Premier Financial Corp. The following table details the ownership of the top executives and directors.

Market Capitalization

As of October 2023, Premier Financial Corp. has a market capitalization of approximately $1.2 billion.

Stock Performance

The stock performance of PFC can provide insights into the company's ownership and investor confidence. The following table summarizes recent stock performance metrics.

Ownership Trends

Ownership trends can be monitored through changes in institutional and insider holdings. The following table reflects the percentage changes in ownership over the last year.

Conclusion on Ownership

Premier Financial Corp. exhibits a diversified ownership structure, which includes a mix of institutional and individual shareholders. The presence of significant institutional investors suggests a strong interest in the company’s performance within the financial sector.

Premier Financial Corp. (PFC) Mission Statement

Corporate Overview

Premier Financial Corp. operates primarily through its banking subsidiary, Premier Bank, and provides a variety of financial services including personal and commercial banking, mortgages, and wealth management. As of the end of Q2 2023, PFC reported total assets of approximately $4.42 billion.

Mission Statement

The mission of Premier Financial Corp. is to enrich the lives of their customers, employees, and communities through exceptional financial services while maintaining a commitment to the core values of integrity, respect, and excellence.

Core Values

• Integrity: Commitment to honesty and transparency in every financial transaction.
• Customer Satisfaction: Prioritizing the needs of clients and continuously improving service delivery.
• Community Engagement: Supporting local organizations and initiatives to foster community growth.
• Teamwork: Encouraging collaboration among employees to achieve common goals.
• Innovation: Leveraging technology and creativity to enhance service offerings.

Financial Performance

For the fiscal year 2022, Premier Financial Corp. reported a net income of $28.1 million, achieving a return on assets (ROA) of 0.65% and a return on equity (ROE) of 7.45%.

Customer Base

As of September 30, 2023, PFC services approximately 70,000 customers across its branches, with a significant focus on community banking.

Market Position

Premier Financial Corp. holds a market capitalization of around $290 million as of October 2023. The bank has a notable presence in Ohio and Michigan.

Community and Philanthropy

In 2022, PFC contributed over $500,000 to local community organizations and initiatives aimed at enhancing financial literacy and providing support for community development projects.

Table: Key Financial Metrics

Strategic Goals

Premier Financial Corp. aims to achieve sustainable growth by focusing on the following strategic goals:

• Expand digital banking solutions to enhance customer experience.
• Increase market share in existing geographic regions.
• Enhance employee training programs to improve service quality.
• Strengthen community involvement initiatives.
• Maintain a strong capital position to support growth and stability.

How Premier Financial Corp. (PFC) Works

Overview of Premier Financial Corp.

Premier Financial Corp. (PFC) is a bank holding company headquartered in Defiance, Ohio, with operations extending across several states. PFC offers a variety of financial products and services through its banking subsidiaries. As of 2022, PFC had total assets of approximately $6.6 billion, equity of around $585 million, and a net income of $61 million.

Financial Performance

In 2022, Premier Financial Corp. reported the following key financial metrics:

Business Segments

PFC operates through several business segments, primarily:

• Commercial Banking
• Retail Banking
• Wealth Management
• Mortgage Banking

Commercial Banking Segment

The Commercial Banking segment focuses on serving business clients through various lending options, treasury management, and deposit services. In 2022, the commercial loan portfolio stood at $2.9 billion.

Retail Banking Segment

PFC’s Retail Banking segment delivers personal banking services such as savings accounts, checking accounts, and personal loans. As of 2022, the Retail Banking segment reported approximately $2.4 billion in deposits.

Wealth Management Services

PFC offers wealth management services including investment advisory, financial planning, and trust services. The assets under management in wealth management totaled $1.5 billion as of 2022.

Mortgage Banking Operations

PFC’s Mortgage Banking division provides residential mortgage loans and refinancing options. The total mortgage loans serviced by PFC reached $1.1 billion in 2022.

Customer Base

The customer base of Premier Financial Corp. is diverse, including individual consumers, small businesses, and corporate clients. PFC serves over 155,000 customers across its various banking services.

Recent Acquisitions

PFC has pursued strategic acquisitions to enhance its market presence. In 2021, PFC acquired Fort Washington Investment Advisors, expanding its wealth management capabilities.

Regulatory Environment

As a publicly traded company, PFC operates under regulations governing financial institutions, including oversight by the Federal Reserve and the FDIC. Compliance with regulations is crucial for maintaining operational integrity and trust.

Community Engagement

PFC emphasizes community involvement and has committed approximately $1.2 million to local charities and non-profits in the past year, reflecting its strong community engagement strategy.

Technological Advances

PFC has invested in technology to improve customer service and operational efficiency, including mobile banking platforms and online loan applications, which saw a usage increase of 20% among customers in 2022.

How Premier Financial Corp. (PFC) Makes Money

Overview of Revenue Streams

Premier Financial Corp. operates primarily through several key revenue streams that contribute to its profitability. These streams include interest income, non-interest income, and investment activities.

Interest Income

Interest income is derived from various lending activities. For the year 2022, Premier Financial reported total interest income of approximately $150 million.

Non-Interest Income

Non-interest income encompasses fees and commissions from various services. In 2022, this segment contributed significantly, with total non-interest income amounting to $50 million.

Investment Activities

Investment income is generated from securities held by the corporation. In 2022, the total investment income was recorded at $30 million.

Expense Management

Effective expense management is critical to profitability. The total operating expenses for Premier Financial in 2022 were approximately $90 million.

Net Income

Premier Financial Corp. reported net income of approximately $40 million for the year 2022, reflecting a sound overall financial performance underpinned by its diverse revenue streams and disciplined expense management.

Summary of Financial Performance