PFC Premier Financial

Premier Financial Corp. is a holding company, which engages in the provision of banking business. It focuses on traditional banking and property and casualty, life and, group health insurance products. It offers family real estate, multi-family residential and non-residential, consumer, commercial, construction, and home equity and improvement loans. The company was founded in June 1995 and is headquartered in Defiance, OH.
Company profile
Ticker
PFC
Exchange
Website
CEO
Donald P. Hileman
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
FIRST DEFIANCE FINANCIAL CORP
SEC CIK
Corporate docs
IRS number
341803915
PFC stock data
()
Press releases
Calendar
12 Mar 21
13 Apr 21
31 Dec 21
Financial summary
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Dec 20 | Sep 20 | Jun 20 | Mar 20 | |
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Diluted EPS |
Annual (USD) |
Dec 20 | Dec 19 | Dec 18 | Dec 17 | |
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Diluted EPS |
Financial data from company earnings reports.
Cash burn rate (estimated) | Burn method: Change in cash | Burn method: Operating income/loss | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 159.27M | 159.27M | 159.27M | 159.27M | 159.27M | 159.27M |
Cash burn (monthly) | (positive/no burn) | (positive/no burn) | (positive/no burn) | (positive/no burn) | (positive/no burn) | 4.63M |
Cash used (since last report) | n/a | n/a | n/a | n/a | n/a | 15.95M |
Cash remaining | n/a | n/a | n/a | n/a | n/a | 143.31M |
Runway (months of cash) | n/a | n/a | n/a | n/a | n/a | 30.9 |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
1 Apr 21 | Hileman Donald P. | Common Shares | Payment of exercise | Dispose F | No | No | 33.26 | 15,257 | 507.45K | 83,073.49 |
1 Apr 21 | Hileman Donald P. | Common Shares | Option exercise | Aquire M | No | No | 0 | 21,834 | 0 | 98,330.49 |
1 Apr 21 | Hileman Donald P. | RSU Common Shares | Option exercise | Dispose M | No | No | 0 | 21,834 | 0 | 0 |
1 Apr 21 | Small Gary M | Common Shares | Grant | Aquire A | No | No | 0 | 22,550 | 0 | 70,750 |
31 Mar 21 | John Bookmyer | Common Shares | Grant | Aquire A | No | No | 0 | 596 | 0 | 37,204.296 |
9 Mar 21 | Tina Nutter | Common Shares | Buy | Aquire P | No | No | 32.61 | 1,550 | 50.55K | 1,550 |
1 Mar 21 | Marty E Adams | Common Shares | Grant | Aquire A | No | No | 0 | 1,192 | 0 | 1,192 |
Institutional ownership Q4 2020
Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.
67.5% owned by funds/institutions
13F holders |
Current |
---|---|
Total holders | 123 |
Opened positions | 13 |
Closed positions | 7 |
Increased positions | 40 |
Reduced positions | 47 |
13F shares |
Current |
---|---|
Total value | 579.14M |
Total shares | 25.18M |
Total puts | 0 |
Total calls | 0 |
Total put/call ratio | – |
Largest owners |
Shares | Value |
---|---|---|
BLK Blackrock | 3.45M | $79.43M |
Dimensional Fund Advisors | 2.5M | $57.41M |
Vanguard | 1.92M | $44.05M |
Manufacturers Life Insurance Company, The | 1.33M | $30.67M |
MFC Manulife Financial | 1.31M | $30.14M |
FJ Capital Management | 1.18M | $27.23M |
Renaissance Technologies | 1.03M | $23.58M |
STT State Street | 777.51K | $17.88M |
Russell Investments | 753.87K | $17.34M |
Geode Capital Management | 602.77K | $13.86M |
Financial report summary
?Management Discussion
- Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations
- This annual report, as well as other publicly available documents, including those incorporated herein by reference, may contain certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21B of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Those statements may include, but are not limited to, all statements regarding intent, beliefs, expectations, projections, forecasts and plans of Premier Financial Corp. (“Premier” or the “Company”) and its management, and specifically include, but are not limited to, statements regarding: changes in economic conditions; the nature, extent and timing of governmental actions and reforms; future movements of interest rates; the ability to benefit from a changing interest rate environment; the production levels of mortgage loan generation; the ability to continue to grow loans and deposits; the ability to sustain credit quality ratios at current or improved levels; continued strength in Premier’s market area; the ability to sell real estate owned properties; and the ability to grow in existing and adjacent markets. These forward-looking statements involve numerous risks and uncertainties, including, but not limited to: impacts from the novel coronavirus (“COVID-19”) pandemic on our business, operations, customers and capital position; higher default rates on loans made to our customers related to COVID-19 and its impact on our customers’ operations and financial condition; the impact of COVID-19 on local, national and global economic conditions; unexpected changes in interest rates or disruptions in the mortgage market related to COVID-19 or responses to the health crisis; the effects of various governmental responses to the COVID-19 pandemic; risks and uncertainties inherent in general and local banking, insurance and mortgage conditions; political uncertainty caused by, among other things, political parties, tensions surrounding the current socioeconomic landscape, and the 2020 U.S. Presidential election; competitive factors specific to markets in which Premier and its subsidiaries operate; future interest rate levels; legislative and regulatory decisions or capital market conditions; and other risks and uncertainties detailed from time to time in our Securities and Exchange Commission (“SEC”) filings, including our quarterly reports on Form 10-Q. One or more of these factors have affected or could in the future affect Premier’s business and financial results in future periods and could cause actual results to differ materially from plans and projections. Therefore, there can be no assurances that the forward-looking statements included in this quarterly report, as well as other publicly available documents, including those incorporated herein by reference, will prove to be accurate. In light of the significant uncertainties in the forward-looking statements included herein, the inclusion of such information should not be regarded as a representation by Premier or any other persons that our objectives and plans will be achieved. All forward-looking statements made in this report are based on information presently available to the management of Premier and speak only as of the date on which they are made. We assume no obligation to update any forward-looking statements, whether as a result of new information, future developments or otherwise, except as may be required by law.
- This Item 7 presents information to assess the financial condition and results of operations of Premier. This item should be read in conjunction with the Consolidated Financial Statements and the supplemental financial data contained elsewhere in this Form 10-K.
Content analysis
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Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
H.S. freshman Bad
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New words:
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Removed:
accretable, aforementioned, AFS, agricultural, ALLL, amounting, Archbold, attracting, augmented, behave, building, calendar, capturing, clawback, clearing, CMO, compatible, conform, consulted, Controller, criticized, CSB, cycle, depreciable, differentiation, disinterested, disruption, doubt, entertainment, ethical, excessive, exclusive, falling, fdef, fed, Findlay, flatten, forecasted, Fostoria, founded, fourteen, FRA, generating, geographical, hand, historic, hurting, incorporating, incurrent, instability, interested, intervention, inverted, joint, jointly, Kevin, listing, locally, location, LTV, manager, Maumee, meaningful, mentioned, migration, minimal, necessitating, newly, nonaccretable, north, notice, oral, Oregon, orientation, oriented, penalty, pertinent, plant, pledging, predecessor, producing, profile, proposed, prosper, put, qualified, ramp, rationale, realistic, recapitalize, receiving, refinanced, remuneration, REPO, representing, restatement, reverse, reward, risky, routine, sample, saving, score, segregating, sensitivity, separated, served, settle, simulated, slightly, southeastern, steepen, stratified, takeover, tender, Tennessee, terming, Thompson, Tiffin, top, trouble, typical, underperforming, unrelated, viewed, vii, war, warrant, Washtenaw, weather, window
Financial reports
10-K
2020 FY
Annual report
12 Mar 21
10-Q
2020 Q3
Quarterly report
6 Nov 20
10-Q
2020 Q2
Quarterly report
10 Aug 20
10-Q
2020 Q1
Quarterly report
18 Jun 20
10-K
2019 FY
Annual report
16 Mar 20
10-Q
2019 Q3
Quarterly report
12 Nov 19
10-Q
2019 Q2
Quarterly report
9 Aug 19
10-Q
2019 Q1
Quarterly report
7 May 19
10-K
2018 FY
Annual report
28 Feb 19
10-Q
2018 Q3
Quarterly report
9 Nov 18
Current reports
8-K
Premier Financial Corp. Announces Strong
26 Jan 21
8-K
Regulation FD Disclosure
4 Dec 20
8-K
Regulation FD Disclosure
6 Nov 20
8-K
Premier Financial Corp. Announces Strong
21 Oct 20
8-K
Premier Financial Corp. Announces Closing of $50
30 Sep 20
8-K
Premier Financial Corp. Announces Pricing of $50 Million of Fixed-to-floating Rate Subordinated Notes
25 Sep 20
8-K
Regulation FD Disclosure
23 Sep 20
8-K
Premier Financial Corp. Announces Record
29 Jul 20
8-K
Amendments to Articles of Incorporation or Bylaws
22 Jun 20
8-K
Amendments to Articles of Incorporation or Bylaws
3 Jun 20
Registration and prospectus
S-8
Registration of securities for employees
3 Feb 20
424B3
Prospectus supplement
30 Oct 19
S-4/A
Registration of securities issued in business combination transactions (amended)
28 Oct 19
S-4/A
Registration of securities issued in business combination transactions (amended)
18 Oct 19
S-4
Registration of securities issued in business combination transactions
9 Oct 19
425
Business combination disclosure
11 Sep 19
425
Business combination disclosure
10 Sep 19
425
Business combination disclosure
9 Sep 19
425
Business combination disclosure
9 Sep 19
425
Business combination disclosure
9 Sep 19
Proxies
DEFA14A
Additional proxy soliciting materials
18 Mar 21
DEF 14A
Definitive proxy
18 Mar 21
DEFA14A
Additional proxy soliciting materials
20 Mar 20
DEF 14A
Definitive proxy
20 Mar 20
DEF 14A
Definitive proxy
8 Mar 19
PRE 14A
Preliminary proxy
26 Feb 19
DEF 14A
Definitive proxy
11 Mar 18
DEFA14A
Additional proxy soliciting materials
11 Mar 18
PRE 14A
Preliminary proxy
27 Feb 18
DEF 14A
Definitive proxy
28 Mar 17
Other
EFFECT
Notice of effectiveness
31 Oct 19
CORRESP
Correspondence with SEC
27 Oct 19
CORRESP
Correspondence with SEC
17 Oct 19
UPLOAD
Letter from SEC
15 Oct 19
EFFECT
Notice of effectiveness
18 Dec 16
CORRESP
Correspondence with SEC
15 Dec 16
CORRESP
Correspondence with SEC
27 Nov 16
UPLOAD
Letter from SEC
14 Nov 16
EFFECT
Notice of effectiveness
14 May 12
EFFECT
Notice of effectiveness
19 Nov 09
Ownership
4
PREMIER FINANCIAL / Gary M Small ownership change
5 Apr 21
4
PREMIER FINANCIAL / Donald P. Hileman ownership change
5 Apr 21
4
PREMIER FINANCIAL / John Bookmyer ownership change
2 Apr 21
4
PREMIER FINANCIAL / Tina Nutter ownership change
11 Mar 21
3
PREMIER FINANCIAL / Shannon M Kuhl ownership change
9 Mar 21
4
PREMIER FINANCIAL / Samuel S Strausbaugh ownership change
3 Mar 21
4
PREMIER FINANCIAL / RICHARD J SCHIRALDI ownership change
3 Mar 21
4
PREMIER FINANCIAL / Mark Andrew Robison ownership change
3 Mar 21
4
PREMIER FINANCIAL / Charles D. Niehaus ownership change
3 Mar 21
4
PREMIER FINANCIAL / Jean A. Hubbard ownership change
3 Mar 21
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