2023-04-25 16:28:35 ET
- Premier Financial press release ( NASDAQ: PFC ): Q1 GAAP EPS of $0.51 misses by $0.18 .
- Revenue of $68.75M (-8.1% Y/Y) misses by $9.95M .
- $157.0 million of cash and cash equivalents with a 4.90% Federal Reserve rate;
- $211.5 million of unpledged securities with an average yield of 2.97%;
- $1.36 billion of FHLB borrowing capacity with an overnight borrowing rate of 4.86%;
- $524.9 million of brokered deposits based on a Company policy limit of 10% of deposits, with market pricing dependent on brokers and duration;
- $70.0 million of unused lines of credit with an average borrowing rate of 5.80%; and
- $129.9 million of borrowing capacity at the Federal Reserve with an average rate of 4.89%.
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Premier Financial GAAP EPS of $0.51 misses by $0.18, revenue of $68.75M misses by $9.95M