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.
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
Feedback on this article? Concerned about content? Get in touch with us directly. You can also email the editorial team (at) Simplywallst.com.
This Simply Wall St article is general in nature. We provide commentary based on historical data and analyst forecasts only using unbiased methodology and our articles are not intended to be financial advice. It is not a recommendation to buy or sell stocks and does not take into account your objectives or financial situation. Our goal is to bring you targeted long-term analysis based on fundamental data. Note that our analysis may not take into account the latest announcements from price-sensitive companies or qualitative materials. Simply Wall St has no position in the stocks mentioned.