DEFIANCE, Ohio (AP) — DEFIANCE, Ohio (AP) — Premier Financial Corp. (PFC) on Tuesday reported first-quarter net income of $18.1 million.
The Defiance, Ohio-based bank said it had earnings of 51 cents per share. Earnings, adjusted for non-recurring costs, came to 63 cents per share.
The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 70 cents per share.
The holding company for First Federal Bank of the Midwest posted revenue of $96.6 million in the period. Its revenue net of interest expense was $68.7 million, which also fell short of Street forecasts. Three analysts surveyed by Zacks expected $77.3 million.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PFC at https://www.zacks.com/ap/PFC
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