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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
IRS number
341803915

PFC stock data

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Calendar

12 Mar 21
13 Apr 21
31 Dec 21
Quarter (USD)
Dec 20 Sep 20 Jun 20 Mar 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
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

Beta Read what these cash burn values mean

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

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 Prev Q Change
Total holders 123 117 +5.1%
Opened positions 13 13
Closed positions 7 12 -41.7%
Increased positions 40 28 +42.9%
Reduced positions 47 50 -6.0%
13F shares
Current Prev Q Change
Total value 579.14M 369.74M +56.6%
Total shares 25.18M 23.74M +6.1%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
BLK Blackrock 3.45M $79.43M +1.9%
Dimensional Fund Advisors 2.5M $57.41M -1.8%
Vanguard 1.92M $44.05M +4.8%
Manufacturers Life Insurance Company, The 1.33M $30.67M -3.0%
MFC Manulife Financial 1.31M $30.14M NEW
FJ Capital Management 1.18M $27.23M 0.0%
Renaissance Technologies 1.03M $23.58M -13.5%
STT State Street 777.51K $17.88M -1.5%
Russell Investments 753.87K $17.34M -11.8%
Geode Capital Management 602.77K $13.86M +0.8%
Largest transactions
Shares Bought/sold Change
MFC Manulife Financial 1.31M +1.31M NEW
American Century Companies 180.84K +180.84K NEW
Renaissance Technologies 1.03M -160.53K -13.5%
Kennedy Capital Management 145.23K +145.23K NEW
Grantham, Mayo, Van Otterloo & Co. 119.4K -138.15K -53.6%
Russell Investments 753.87K -100.78K -11.8%
Alliancebernstein 127.79K +87.95K +220.7%
Vanguard 1.92M +87.37K +4.8%
Martingale Asset Management L P 32.68K -80.16K -71.0%
JPM JPMorgan Chase & Co. 472K +76.13K +19.2%

Financial report summary

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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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Readability
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