Premier Financial Bancorp, Inc. Announces 2016 Annual Financial Results
Premier Financial Bancorp, Inc. (PFBI)
US:NASDAQ Investor Relations:
annualreports.com/company/premier-financial-bancorp-inc
Company Research
Source: PR Newswire
HUNTINGTON, W.Va., March 1, 2017 /PRNewswire/ -- PREMIER FINANCIAL BANCORP, INC. (PREMIER), (NASDAQ/GMS-PFBI), a $1.5 billion bank holding company with two bank subsidiaries, announced its financial results for the fourth quarter of 2016 as well as the 2016 calendar year. Premier realized net income of $3,407,000 (32 cents per diluted share) during the quarter ended December 31, 2016, a 19.5% increase over the $2,852,000 (31 cents per diluted share) of net income reported for the fourth quarter of 2015. The increase in net income during the fourth quarter of 2016 is largely due to a $1,939,000 increase in interest income and a $293,000 increase in non-interest income in the fourth quarter of 2016 that were only partially offset by a $213,000 increase in interest expense, a $218,000 increase in provision for loan losses and an $876,000 increase in non-interest expense when compared to the fourth quarter of 2015. President and CEO Robert W. Walker commented, "We are pleased to report
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