Premier Financial Bancorp, Inc. Reports Record Quarterly Earnings For The Third Quarter 2019
Premier Financial Bancorp, Inc. (PFBI)
US:NASDAQ Investor Relations:
annualreports.com/company/premier-financial-bancorp-inc
Company Research
Source: PR Newswire
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 its financial results for the third quarter of 2019. Premier realized net income of $6,267,000 (43 cents per diluted share) during the quarter ended September 30, 2019, a 24.8% increase from the $5,021,000 of net income reported for the third quarter of 2018. The increase in net income during the third quarter of 2019 is largely due to increases in loan interest income and investment interest income which more than offset increases in interest expense and non-interest expense. On a diluted per share basis, Premier earned $0.43 during the third quarter of 2019 compared to $0.37 per share earned during the third quarter of 2018. For the first nine months of 2019 Premier realized net income of $18,302,000 ($1.24 per diluted share), a 26.0% increase over the $14,529,000 ($1.08 per diluted
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