Wednesday, Premier Financial Bancorp Inc. (PFBI) said its third-quarter net income decreased to $1.50 million or $0.23 per share from $1.93 million or $0.30 per share in the prior year period. Net interest income for the quarter declined to $6.76 million from $7.17 million in the comparable period. Net interest income after provision for the quarter was $6.64 million, down from $7.09 million last year.
Net income for the nine months ended September 30, 2009, was $4.08 million million or $0.64 per share, lower than $5.63 million or $0.96 per share in the year-ago period. Net interest income for the period increased to $19.98 million from $19.22 million in the earlier period. Net interest income after provision for the period was $19.64 million, up from $19.17 million a year ago.
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