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PREMIER FINANCIAL BANCORP INC

No Longer Reporting

The company has not filed an annual or quarterly report since its Q2 FY2021 10-Q, filed Aug 12, 2021. Its latest SEC filing is a 15-12G from Sep 30, 2021.

The sections below describe the company as of the FY2020 annual report.

What Did They Do?

Provides community banking services, including loans and deposit accounts, to individuals and small-to-medium-sized businesses.

How Did They Make Money?

FY2020 revenue

Who Were Their Customers?

The banks serve individuals and small-to-medium-sized businesses through their branches, with local bank staff and management handling customer relationships.

Did Revenues Turn Into Profits?

Yes. It kept 30 cents of every revenue dollar as net income in FY2020 and turned 37 cents into free cash flow.

Net income, FY2020
30% of revenue
▼ −7% vs FY2019 ($24.2M, 32%)
Free cash flow, FY2020
37% of revenue
▲ 0% vs FY2019 ($27.6M, 36%)

How Were They Changing?

Since the FY2020 annual report
Latest quarter: Q2 FY2021, the three months to Jun 30, 2021
Revenue
▼ −6%
vs $18.6M in Q2 FY2020
Net income
▼ −6%
vs $5.5M in Q2 FY2020
  • Sep 17, 2021 Merger into Peoples completed; subsidiary banks joined Peoples Bank The two subsidiary banks also merged into Peoples Bank; the company’s separate corporate existence ceased.

Grew. Revenue grew 20% in 3 years, from $62M in FY2017 to $74.5M in FY2020, about 6% a year.

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