Article: Premier Bancorp, Inc. announces first quarter earnings.

BATON ROUGE, La.--(BUSINESS WIRE)--April 12, 1995--Premier Bancorp, Inc. (NASDAQ:PRBC) today announced its financial results for the quarter ended March 31, 1995, reporting Net Income of $14.3 million, or $0.41 per common share.

First quarter 1994 earnings were $15.6 million, or $0.48 per share. The decrease in earnings for the quarter was due primarily to an increase in the provision for loan losses and a decrease in gains on securities.

Prior period results have been restated to include the acquisition of Heritage Financial Corporation in June 1994. The merger was accounted for using the pooling of interests method. Premier's financial results reflect the ...

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