Premier Financial Q3 2022 results: Revenue beats expectations, EPS in line

Premier Financial (NASDAQ:PFC) Third Quarter 2022 Results

Main financial results

  • Revenue: $76.0 million (up 4.5% compared to Q3 2021).
  • Net profit: 28.2m USD (fixed in Q3 2021).
  • Profit margin: 37% (compared to 39% in the 3rd quarter of 2021).
    • The lower margin was driven by higher expenses.
  • EPS: $0.79.
NasdaqGS: PFC Earnings and Revenue Growth October 27, 2022

All figures shown in the table above are for the 12 month period (TTM)

Premier Financial revenue beats expectations

Revenue beat analysts’ estimates by 1.9%. Earnings per share (EPS) was largely in line with analysts’ estimates.

Looking ahead, revenue is expected to grow by an average of 7.1% per year over the next 3 years, compared to a growth forecast of 6.3% for the banking sector in the United States.

Performance of the US banking industry.

The company’s stock price is broadly unchanged from a week ago.

Balance sheet analysis

While revenue is important, another area to consider is the balance sheet. See our latest analysis on the health of Premier Financial’s balance sheet.

Valuation is complex, but we help make it simple.

Find out if First Financial is potentially overvalued or undervalued by viewing our full analysis, which includes fair value estimates, risks and warnings, dividends, insider trading and financial health.

See the free analysis

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