Premier Financial Bancorp, Inc. (PFBI) Company Bio
Premier Financial Bancorp, Inc., a multi-bank holding company, provides community banking services to individuals and small-to-medium sized businesses in Kentucky, Ohio, Washington D.C, Maryland, West Virginia, and Virginia. The company was founded in 1991 and is based in Huntington, West Virginia.
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PREMIER FINANCIAL BANCORP, INC. (PREMIER) (NASDAQ/GMS-PFBI), a $1.9 billion financial holding company with two community bank subsidiaries, announced its financial results for the second quarter of 2020. Premier realized net income of $5,506,000 (37 cents per diluted share) during the quarter ended June 30, 2020, a 6.0% decrease from the $5,859,000 of net income reported for the second quarter of 2019. The decrease in net income in the second quarter of 2020 is largely due to a decrease in interest income on investments and other liquid assets, a decrease in non-interest income, and an increase in provision for loan losses, all of which more than offset a decrease in interest expense and an increase in interest income on loans. A majority of these changes were largely in response to cha...