PREMIER FINANCIAL BANCORP, INC. (PREMIER), (NASDAQ/GMS-PFBI), a $1.8 billion financial holding company with two bank subsidiaries, announced its financial results for the fourth quarter of 2019 as well as the 2019 calendar year. Premier realized net income of $24,196,000 ($1.64 per diluted share) during the year ending December 31, 2019, a $4.0 million, or 20.0%, increase from the $20,168,000 ($1.47 per diluted share) reported for the year ending December 31, 2018. The increase in net income during 2019 is largely due to a $10,757,000, or 16.3%, increase in interest income, a $236,000, or 2.6%, increase in non-interest income, and a $1,065,000, or 46.0%, decrease in the annual provision for loan losses. These increases in net income more than offset a $3,610,000, or 59.5%, increase in interest expense and a $3,293,000, or 8.1%, increase in non-interest expense.
Unfortunately for some shareholders, the Premier Financial Bancorp (NASDAQ:PFBI) share price has dived 30% in the last...
It looks like Premier Financial Bancorp, Inc. (NASDAQ:PFBI) is about to go ex-dividend in the next 4 days. This means...
Those holding Premier Financial Bancorp (NASDAQ:PFBI) shares must be pleased that the share price has rebounded 48% in...
PREMIER FINANCIAL BANCORP, INC. (PREMIER) (NASDAQ/GMS-PFBI), a $1.8 billion financial holding company with two community bank subsidiaries, announced its financial results for the first quarter of 2020. Premier realized net income of $5,368,000 during the quarter ended March 31, 2020, a 13.1% decrease from the $6,176,000 of net income reported for the first quarter of 2019. On a diluted per share basis, Premier earned $0.36 during the first quarter of 2020 compared to $0.42 per share earned during the first quarter of 2019. The decrease in net income in the first three months of 2020 is largely due to a $535,000 decrease in loan interest income and a $440,000 increase in the provision for loan losses. Interest income on loans in the first quarter of 2019 included approximately $719,000 of income from deferred interest and discounts recognized on loans that paid off during the quarter while only approximately $75,000 of interest income of this kind was recognized during the first quarter of 2020. Premier also added $514,000 to its quarterly provision expense in the first quarter of 2020 due to uncertainty related to future economic conditions resulting from government actions designed to curb the spread of the COVID-19 virus. Net operating costs increased by $71,000, or 0.8%, while interest expense increased by $73,000, or 3.3%. Both of the expense increases are largely attributable to the operations of the two newly acquired First National Bank of Jackson branches, which were not included in the first quarter 2019 income statement results.
Regular readers will know that we love our dividends at Simply Wall St, which is why it's exciting to see Premier...
We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. On...
HUNTINGTON, W.Va. , Oct. 23, 2019 /PRNewswire/ -- PREMIER FINANCIAL BANCORP, INC. (PREMIER) (NASDAQ/GMS-PFBI), a $1.7 billion financial holding company with two community bank subsidiaries, announced ...
The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. We at Insider Monkey have plowed through 821 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F […]
Today we'll take a closer look at Premier Financial Bancorp, Inc. (NASDAQ:PFBI) from a dividend investor's...
"The global economic environment is very favorable for investors. Economies are generally strong, but not too strong. Employment levels are among the strongest for many decades. Interest rates are paused at very low levels, and the risk of significant increases in the medium term seems low. Financing for transactions is freely available to good borrowers, […]
PREMIER FINANCIAL BANCORP, INC. (PREMIER), (NASDAQ/GMS-PFBI) a $1.8 billion financial holding company with two community bank subsidiaries announced today that it will pay a first quarter cash dividend of $0.15 per share on its common stock. At its regularly scheduled February meeting, the board of directors declared a $0.15 per share dividend to common shareholders of record on March 16, 2020. The cash dividend will be paid to shareholders on March 31, 2020.
PREMIER FINANCIAL BANCORP, INC. (PREMIER), (NASDAQ/GMS-PFBI) a $1.9 billion financial holding company with two community bank subsidiaries announced today that it will pay a second quarter cash dividend of $0.15 per share on its common stock. At its regularly scheduled May meeting, the board of directors declared a $0.15 per share dividend to common shareholders of record on June 15, 2020. The cash dividend will be paid to shareholders on June 30, 2020.
This article is written for those who want to get better at using price to earnings ratios (P/E ratios). We'll apply a...
HUNTINGTON, W.Va. , Nov. 21, 2019 /PRNewswire/ -- PREMIER FINANCIAL BANCORP, INC. (PREMIER) (NASDAQ/GMS-PFBI) a $1.8 billion financial holding company with two community bank subsidiaries announced today ...
Some have more dollars than sense, they say, so even companies that have no revenue, no profit, and a record of...
To the annoyance of some shareholders, Premier Financial Bancorp (NASDAQ:PFBI) shares are down a considerable 44% in...
HUNTINGTON, W.Va. , Oct. 28, 2019 /PRNewswire/ -- PREMIER FINANCIAL BANCORP, INC. (PREMIER) (NASDAQ/GMS-PFBI), a $1.7 billion community financial holding company with two bank subsidiaries announced that ...
Bob Walker has been the CEO of Premier Financial Bancorp, Inc. (NASDAQ:PFBI) since 2001. This analysis aims first to...
These days it's easy to simply buy an index fund, and your returns should (roughly) match the market. But you can do a...