PREMIER FINANCIAL CORP
premierfincorp.comNo Longer Reporting
The company has not filed an annual or quarterly report since its FY2024 10-K, filed Feb 28, 2025. Its latest SEC filing is a SCHEDULE 13G/A from Apr 15, 2025.
10-K for FY2024, filed Feb 28, 2025
The sections below describe the company as of the FY2024 annual report.
What Did They Do?
Takes deposits and makes commercial, real estate and consumer loans, while offering deposit accounts and wealth-management services to individuals and businesses.
10-K for FY2024, filed Feb 28, 2025The Bank is primarily engaged in community banking. It attracts deposits from the general public through its offices and website, and uses…View ↗
Commercial and Commercial Real Estate Lending - Commercial and commercial real estate lending have been an ongoing focus and a major…View ↗
Consumer Banking - The Bank offers customers a full range of deposit products including demand, checking, money market, certificates of…View ↗
How Did They Make Money?
The bank earns interest from loans and investments, and collects fees for account services, card transactions, wealth management and mortgage servicing. Account fees are generally paid when a service is completed, while wealth-management fees are generally paid monthly.
10-K for FY2024, filed Feb 28, 2025The Bank is primarily engaged in community banking. It attracts deposits from the general public through its offices and website, and uses…View ↗
Service charges on deposit accounts - these represent general service fees for monthly account maintenance and activity or…View ↗
Interchange income - this represents fees earned from debit and credit cardholder transactions. Interchange fees from cardholder…View ↗
Wealth management income - this represents monthly fees due from wealth management customers as consideration for managing the customers’…View ↗
As compensation for its mortgage servicing activities, the Company receives servicing fees, usually approximating 0.25% per annum of the…View ↗
$392.7M
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10-K for FY2024, filed Feb 28, 2025
$392.7M ↗
Who Were Their Customers?
The bank serves small and middle-market businesses, retail customers and wealth-management customers through its banking offices and website.
10-K for FY2024, filed Feb 28, 2025The Bank is primarily engaged in community banking. It attracts deposits from the general public through its offices and website, and uses…View ↗
Commercial and Commercial Real Estate Lending - Commercial and commercial real estate lending have been an ongoing focus and a major…View ↗
Consumer Banking - The Bank offers customers a full range of deposit products including demand, checking, money market, certificates of…View ↗
Wealth management income - this represents monthly fees due from wealth management customers as consideration for managing the customers’…View ↗
Did Revenues Turn Into Profits?
Yes. It kept 18 cents of every revenue dollar as net income in FY2024 and turned 23 cents into free cash flow.
How Were They Changing?
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Mar 3, 2025
Merger completed; bank joined Wesbanco Bank
Shareholders exchanged each share for 0.80 Wesbanco shares.
Sources
8-K, filed Mar 3, 2025
each share of Premier common stock, $0.01 par value per share (“Premier Common Stock”), issued and outstanding immediately prior to the…View ↗
Grew. Revenue grew 65% in 4 years, from $237.9M in FY2020 to $392.7M in FY2024, about 13% a year.
Insurance business sold
The earlier report described First Insurance as an operating agency selling property, casualty, life and group health insurance; the latest says substantially all of its assets were sold.
10-K for FY2021, filed Mar 1, 2022 10-K for FY2024, filed Feb 28, 2025First Insurance Group of the Midwest: First Insurance is a wholly-owned subsidiary of Premier that conducts business throughout Premiers’…View ↗
First Insurance Group of the Midwest: First Insurance was an insurance agency that conducted business throughout Premier’s markets prior to…View ↗
Risk subsidiary dissolved
The earlier report described PFC Risk Management as an active subsidiary that pooled insurance resources; the latest report says it was dissolved and liquidated.
10-K for FY2021, filed Mar 1, 2022 10-K for FY2024, filed Feb 28, 2025PFC Risk Management: PFC Risk Management is a wholly-owned insurance company subsidiary of the Company that was formed to insure the…View ↗
PFC Risk Management: PFC Risk Management was a wholly-owned insurance company subsidiary of the Company that was formed to insure the…View ↗
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