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Premier Financial Corp. (PFC)
:PFC
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Earnings Data
Report Date
Jan 28, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.51Last Year’s EPS
0.56Same Quarter Last Year
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Jan 21, 2019
|% Change Since: 4.14%
|Next Earnings Date:Oct 15, 2018
Earnings Call Sentiment|Neutral
The earnings call highlighted strong consumer deposit growth, effective expense management, and improved capital ratios, but also noted challenges such as a significant decline in commercial deposits, net interest margin compression, and flat loan balances. While there were positive developments, the issues with commercial deposits and their impact on margins are areas of concern.Company Guidance
During the Premier Financial Corp. Q1 2024 earnings call, guidance adjustments were provided by Gary Small, indicating expectations for 4% earning asset growth on a point-to-point basis, with total loan growth projected at 2%, driven by a 3% increase in Commercial loans and a decline in the Residential Mortgage portfolio. Deposit growth is anticipated to remain consistent with earning asset growth. The net interest margin forecast was revised to the low 260s due to fewer expected Fed rate cuts in 2024, down from previous guidance. Full-year net interest income is now expected to decrease by 2% from 2023 levels. The forecast for net charge-offs was lowered to 5 basis points, and noninterest income is anticipated to exceed initial estimates, reaching over $49 million. Operating expenses are projected to be $156 million, down from $160 million, due to deferred projects and reduced spending. Despite these adjustments, Premier Financial Corp. remains on track to meet full-year earnings expectations.Strong Consumer Deposit Growth
Consumer deposits showed a strong performance with average outstandings up 7.5% annualized, continuing a trend from the previous quarters.
Public Funds Increase
Public funds grew by $66 million over the quarter, marking a 4% increase.
Excellent Expense Management
Expenses were well-managed, with a slight decrease in year-over-year expenses by 7%, despite some expected seasonal increases.
Noninterest Income Increase
Noninterest income increased by $0.7 million to $12.5 million, primarily due to mortgage banking income and an MSR valuation gain.
Improved Capital Ratios
Capital ratios improved, including CET1 at 12% and total capital at 14.35%.
Positive Loan Yield Performance
Loan yields increased by 5 basis points from December 2023 to March 2024, reaching 5.29%.
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PFC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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PFC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 22, 2024 | $24.14 | $24.07 | -0.29% |
| Jul 26, 2024 | $24.86 | $25.56 | +2.82% |
| Apr 23, 2024 | $19.78 | $19.58 | -1.01% |
| Jan 23, 2024 | $22.04 | $20.53 | -6.85% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Premier Financial Corp. (PFC) report earnings?
Premier Financial Corp. (PFC) is schdueled to report earning on Jan 28, 2025, TBA Not Confirmed.
What is Premier Financial Corp. (PFC) earnings time?
Premier Financial Corp. (PFC) earnings time is at Jan 28, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is PFC EPS forecast?
PFC EPS forecast for the fiscal quarter 2024 (Q4) is 0.51.
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