Here's What Key Metrics Tell Us About Premier Financial (PFC) Q3 Earnings

Core Insights - Premier Financial (PFC) reported a revenue of $62.76 million for the quarter ended September 2024, reflecting a year-over-year decline of 7.1% [1] - The earnings per share (EPS) for the same period was $0.54, down from $0.69 a year ago, with a surprise of +5.88% compared to the consensus estimate of $0.51 [1] - The reported revenue was a surprise of -2.78% against the Zacks Consensus Estimate of $64.55 million [1] Financial Metrics - Tax-equivalent net interest margin stood at 2.5%, matching the average estimate based on two analysts [1] - The efficiency ratio was reported at 67.2%, higher than the two-analyst average estimate of 60% [1] - Total non-interest income was $12.57 million, slightly above the average estimate of $12.55 million [1] - Tax-equivalent net interest income was $50.26 million, below the two-analyst average estimate of $51.50 million [1] Stock Performance - Shares of Premier Financial have returned +0.7% over the past month, compared to the Zacks S&P 500 composite's +2.8% change [2] - The stock currently holds a Zacks Rank 2 (Buy), suggesting potential outperformance against the broader market in the near term [2]