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Article: Premier Financial Bancorp, Inc. Reports Third Quarter 2009 Earnings.
- Article from:
- PR Newswire
- Article date:
- November 11, 2009
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HUNTINGTON, W.Va., Nov. 11 /PRNewswire-FirstCall/ -- PREMIER FINANCIAL BANCORP, INC. (PREMIER), , at September 30, 2009, a $736 million community bank holding company with six bank subsidiaries, announced its financial results for the third quarter of 2009. Premier realized income of $1,502,000 during the quarter ending September 30, 2009, a 22.2% decrease from the $1,930,000 of net income reported for the third quarter of 2008. On a per share basis, Premier earned $0.23 during the third quarter of 2009, compared to $0.30 per share earned during the third quarter of 2008. The decrease in net income in 2009 was largely due to a $409,000 decrease in net interest income, ...