Premier Financial Bancorp, Inc. Reports Second Quarter 2019 Earnings
Premier Financial Bancorp, Inc. (PFBI)
US:NASDAQ Investor Relations:
annualreports.com/company/premier-financial-bancorp-inc
Company Research
Source: PR Newswire
HUNTINGTON, W.Va., July 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 second quarter of 2019. Premier realized net income of $5,859,000 (40 cents per diluted share) during the quarter ended June 30, 2019, a 33.9% increase from the $4,375,000 of net income reported for the second quarter of 2018. The increase in net income during the second quarter of 2019 is largely due to increases in loan interest income, investment interest income and non-interest income as well as a decrease in the provision for loan losses. On a diluted per share basis, Premier earned $0.40 during the second quarter of 2019 compared to $0.32 per share earned during the second quarter of 2018. For the first half of 2019 Premier realized net income of $12,035,000 (82 cents per diluted share), a 26.6% increase over the $9,508,000 (71 cents per diluted shar
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