YOUNGSTOWN — Premier Monetary Corp., the holding firm for Youngstown-based Premier Financial institution, reported 2020 web earnings of $63.1 million, up from $49.4 million in 2019.
Excluding bills associated to the merger of United Neighborhood Monetary Corp. of Youngstown and Defiance-based First Federal Financial institution of the Midwest to create Premier Financial institution, web earnings for 2020 was $99.3 million.
Loans grew $2.7 billion, together with $2.3 billion because of the merger and deposits grew $3.2 billion, additionally principally as the results of the merger. Of that $1.1 billion was natural development, in line with the corporate.
Complete property for the 12 months have been $7.1 billion, in contrast with $3.4 billion in 2019. Additionally, the corporate reported earnings of $1.75 per share, or $2.76 minus merger bills, in contrast with $2.48, or $2.54 minus merger bills.
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