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Premier Financial Bancorp Q3 Profit Rises

Premier Financial Bancorp Inc. (PFBI) Thursday reported an increase in profit for the third quarter. For the latest third quarter, net income available to common shareholders was $3.0 million or $0.37 per share, compared to $1.5 million or $0.19 per share in the comparable quarter last year.

Net interest income for the quarter dropped to $11.0 million from $11.2 million in the year-ago quarter, while non-interest income was $1.66 million, down from $1.87 million in the prior-year quarter.

Loan loss provisions for the quarter rose to $1.3 million from $810 thousand last year.

by RTTNews Staff Writer

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