Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____________ to _______________ Commission File Number: 0-26850 Premier Financial Corp. (Exact Name of Registrant as Specified in its Charter) ...

Premier Financial Corp. (NASDAQ:PFC) Q2 2023 Earnings Conference Call July 26, 2023 11:00 AM ET Company Participants Paul Nungester - EVP and CFO Gary Small - President and CEO Conference Call Participants Michael Perito - KBW Brendan Nosal - Piper Sandler Operator Good morning and welcome to the Premier Financial Corp Second Quarter 2023 Earnings Conference Call. All participants will be in listen-only mode. After today’s presentation there will an opportunity to ask questions. [Operator Instructions] Plea ...

(Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 OR Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____________ to _______________ Commission File Number: 0-26850 Premier Financial Corp. (Exact Name of Registrant as Specified in its Charter ...

Premier Financial Corp. (NASDAQ:PFC) Q1 2023 Earnings Conference Call April 26, 2023 11:00 AM ET Company Participants Paul Nungester - EVP and CFO Gary Small - President and CEO Conference Call Participants Brendan Nosal - Piper Sandler Andrew DeFranco - KBW Operator Hello everyone, good morning and welcome to the Premier Financial Corp First Quarter 2023 Earnings Conference Call. All participant will be in a listen-only mode. After today’s presentation there will an opportunity to ask questions. [Operator ...

Credit Losses and Loan Performance - As of December 31, 2022, Premier's allowance for credit losses totaled $72.8 million, an increase from $66.5 million at the end of 2021, reflecting a growth of approximately 3.5%[56] - The provision for credit losses increased by $12.5 million in 2022 due to the growth in loan balances, indicating a proactive approach to managing potential credit risks[58] - Total charge-offs for the year 2022 amounted to $8.5 million, a decrease from $11.4 million in 2021, showing an improvement in loan performance[57] - The allowance for credit losses to total loans ratio at the end of 2022 was 1.13%, slightly down from 1.26% in 2021, indicating a stable credit quality in the loan portfolio[57] - Premier's net charge-offs to average loans ratio for 2022 was 0.10%, compared to 0.16% in 2021, suggesting a reduction in credit losses relative to the size of the loan portfolio[57] - The bank's allowance for credit losses is based on various factors, including trends in nonperforming assets and economic conditions, which could lead to actual credit losses exceeding the allowance[119] - The allowance for credit losses may not be adequate to cover actual credit losses, potentially requiring Premier to increase its allowance, which would negatively impact net income[122] Deposits and Funding Sources - Premier's total deposits reached approximately $6.53 billion in 2022, with an average interest rate of 0.37%, up from $6.29 billion and 0.21% in 2021, reflecting a competitive deposit strategy[64] - The company had approximately $2.5 billion in uninsured deposits as of December 31, 2022, compared to $1.9 billion in 2021, highlighting a significant increase in deposit base risk exposure[63] - The company had $428.0 million in advances outstanding from the FHLB as of December 31, 2022, compared to no outstanding advances in 2021, indicating increased reliance on external funding sources[66] Regulatory Compliance and Capital Requirements - The Federal Reserve requires Premier to serve as a source of financial strength for its subsidiary banks, which may limit dividend payments to shareholders[97] - Premier's ability to pay dividends is contingent upon receiving dividends from its subsidiaries, which may be restricted by regulatory authorities[97] - The Economic Growth, Regulatory Relief and Consumer Protection Act eased regulations for bank holding companies with consolidated assets of less than $100 billion, including Premier[83] - As of December 31, 2022, the Bank met the capital ratio requirements to be deemed "well-capitalized" under regulatory guidelines[93] - The Basel III Capital Rules require a minimum common equity tier 1 capital ratio of 4.5%, a minimum tier 1 capital ratio of 6.0%, and a minimum total capital ratio of 8.0%[86] - The Federal Reserve has the authority to impose additional limitations on financial holding companies that do not meet capital and management requirements[79] Operational Risks and Challenges - Premier faces intense competition in the financial services industry, which could impact its ability to attract and retain deposits and originate loans[135] - Negative public opinion could damage Premier's reputation and impact business operations and revenues, potentially leading to litigation and regulatory action[136] - Premier's operations are subject to extensive regulation, and changes in laws and regulations could negatively impact its ability to conduct business and increase compliance costs[125] - Cybersecurity breaches could severely harm Premier's business, leading to significant expenses and potential liability for unauthorized disclosure of sensitive information[140] - The complexity of Premier's operations presents varied risks, including fraud, operational errors, and compliance with regulations, which could adversely affect earnings and financial condition[137] - Premier may face increased losses from fraud due to sophisticated techniques employed by criminals, impacting its financial condition[156] - The company is at risk of litigation, which could result in legal liability and damage to its reputation[157] Economic and Market Conditions - The economic impact of COVID-19 has created significant volatility and disruption in financial markets, affecting the bank's financial condition[114] - Economic, political, and financial market conditions may adversely affect Premier's operations, particularly in its primary markets of Ohio, Northeast Indiana, and Southeast Michigan[155] Interest Rate Risk and Financial Performance - Changes in interest rates can adversely affect Premier's profitability, as net interest income is dependent on the difference between interest income earned and interest expense paid[123] - The origination of residential mortgage loans is highly dependent on local real estate markets and current interest rates, with increasing rates reducing loan origination and fee income[124] - The company monitors interest rate risk quarterly, with a simulation analysis indicating that a +100 basis point change in interest rates could result in a 0.10% increase in future annual net interest income[282] - Premier's financial performance is highly dependent on net interest income, which is influenced by the management of interest-earning assets and interest-bearing liabilities[281] Economic Value of Equity - The Economic Value of Equity decreased by 5.39% in 2022 with a +400 bp change in rates compared to a 7.01% increase in 2021[286] - A +300 bp change in rates resulted in a 3.39% decrease in Economic Value of Equity in 2022, down from a 6.61% increase in 2021[286] - The Economic Value of Equity showed a 2.32% decrease with a +200 bp change in rates in 2022, compared to a 5.39% increase in 2021[286] - A +100 bp change in rates led to a 1.25% decrease in Economic Value of Equity in 2022, while it was a 3.10% increase in 2021[286] - The Economic Value of Equity increased by 0.39% with a -100 bp change in rates in 2022, contrasting with a significant decrease of 6.83% in 2021[286] - A -200 bp change in rates resulted in a 0.49% increase in Economic Value of Equity in 2022, with no data available for 2021[286] - A -300 bp change in rates led to a 1.46% decrease in Economic Value of Equity in 2022, with no data available for 2021[286] - The Economic Value of Equity decreased by 5.98% with a -400 bp change in rates in 2022, with no data available for 2021[286] - The analysis highlights the variability in asset and liability responses to market interest rate changes, indicating potential discrepancies in expected outcomes[286] Workforce and Diversity - Premier's employee count was 1,206 as of December 31, 2022, with 92.2% being full-time employees, indicating a stable workforce composition[70] - The company is committed to fostering diversity, equity, and inclusion within its workforce, enhancing its talent acquisition and retention strategies[70]

Premier Financial Corp. (NASDAQ:PFC) Q4 2022 Earnings Conference Call January 25, 2023 11:00 AM ET Company Participants Paul Nungester - EVP and CFO Gary Small - President and CEO Conference Call Participants Brendan Nosal - Piper Sandler Michael Perito - KBW Christopher Marinac - Janney Montgomery Scott Operator Good morning, and welcome to the Premier Financial Corp. Fourth Quarter 2022 Earnings Conference Call. All participants will be in a listen-only mode. After today's presentation, there will be an o ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____________ to _______________ Commission File Number: 0-26850 Premier Financial Corp. (Exact Name of Registrant as Specified in its Cha ...

Premier Financial Corp. (NASDAQ:PFC) Q3 2022 Earnings Conference Call October 26, 2022 11:00 AM ET Company Participants Paul Nungester - Executive Vice President and Chief Financial Officer Gary Small - President and Chief Executive Officer Matthew Garrity - Executive Vice President, Chief Lending Officer Conference Call Participants Michael Perito - KBW Brendan Nosal - Piper Sandler Christopher Marinac - Janney Montgomery Scott Operator Good morning, and welcome to the Premier Financial Corporation Third Q ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____________ to _______________ Commission File Number: 0-26850 Premier Financial Corp. (Exact Name of Registrant as Specified in its Charter) ...

Premier Financial Corp. (NASDAQ:PFC) Q2 2022 Earnings Conference Call July 27, 2022 11:00 AM ET Company Participants Paul Nungester – Executive Vice President and Chief Financial Officer Gary Small – President and Chief Executive Officer Matt Garrity – Executive Vice President and Chief Lending Officer Conference Call Participants Michael Perito – KBW Scott Siefers – Piper Sandler Christopher Marinac – Janney Montgomery Scott Operator Good morning, and welcome to the Premier Financial Corp. Second Quarter 2 ...