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PREMIER FINANCIAL CORP [PFC] reports annual net loss of $111.3 million

PREMIER FINANCIAL CORP [PFC] reports annual net loss of $111.3 million

Company Reports Revenue of $365.5 million

By USInMinutes
Published - Feb 29, 2024, 05:38 AM ET
Last Updated - Feb 29, 2024, 05:38 AM EST

PREMIER FINANCIAL CORP [PFC] has reported a net loss of $111.3 million for year ended Dec 31, 2023.

The Company said in a filing before the Securities and Exchange Commission that its total revenue for the year was $365.5 million

Based in DEFIANCE, Ohio, PREMIER FINANCIAL CORP operates in the FINANCE sector.

The consolidated statements of income for the fiscal year ending December 31, 2023, show a significant increase in various financial metrics compared to the previous fiscal years.

In terms of interest income, total interest income for the period amounted to $365.51 million, representing a substantial increase from $277.71 million in the previous year and $243.59 million in the year before that. This increase was mainly driven by higher interest income from loans, investment securities, and interest-bearing deposits.

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