Federal Reserve Economic Data

US monetary policy is more powerful in low economic growth regimes

Retrieved on: 
Tuesday, April 2, 2024
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    Premier Financial Corp. Announces Full Year 2023 Results

    Retrieved on: 
    Tuesday, January 23, 2024
    Insurance, FDIC, Internet access, Credit, AFS, Total, PFC, CFO, Bank, Treasury, Paycheck Protection Program, FHLB, TE, Federal Reserve Economic Data, Element, Tier 1, Federal funds, Premier, Growth, Sale, Acquisition, PPP

    Premier Financial Corp. (Nasdaq: PFC) (“Premier” or the “Company”) announced today 2023 fourth quarter and full year results.

    Key Points: 
    • Premier Financial Corp. (Nasdaq: PFC) (“Premier” or the “Company”) announced today 2023 fourth quarter and full year results.
    • Total average interest-bearing deposit costs increased 29 basis points to 2.83% for the fourth quarter of 2023.
    • Insurance commissions were $8.9 million in 2023, down from $16.2 million in 2022 due to the insurance agency sale on June 30, 2023.
    • Brokered deposits were $341.9 million at December 31, 2023, compared to $392.2 million at September 30, 2023 and $143.7 million at December 31, 2022.

    Premier Financial Corp. Announces Third Quarter 2023 Results Including Core Deposit Growth and Increased Net Interest Margin

    Retrieved on: 
    Tuesday, October 24, 2023
    Banking, Professional Services, Finance, Federal Reserve Economic Data, Insurance, Sale, FDIC, AFS, ATM, Bank, Housing, Paycheck Protection Program, Premier, PFC, Internet access, Federal Reserve, Acquisition, Federal funds, PPP, TE, Growth, FHLB, Federal, CFO, Investment, NSF, Security (finance), Cryptocurrency, Rare-earth element, Video game

    “I am pleased to announce Premier’s continued improvement in net income, net interest income, and net interest margin performance for the third quarter,” said Gary Small, President and CEO of Premier.

    Key Points: 
    • “I am pleased to announce Premier’s continued improvement in net income, net interest income, and net interest margin performance for the third quarter,” said Gary Small, President and CEO of Premier.
    • Total average interest-bearing deposit costs increased 47 basis points to 2.54% for the third quarter of 2023.
    • The TE net interest margin of 2.73% in the third quarter of 2023 increased one basis point from 2.72% in the second quarter of 2023 but decreased 67 basis points from 3.40% in the third quarter of 2022.
    • Additionally, the core net interest margin was 2.71% for the third quarter of 2023, up one basis point from 2.70% for the second quarter of 2023 but down 65 basis points from 3.36% for the third quarter of 2022.

    Bonds at a premium: the impact of insurers on corporate bond issuers

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    Friday, September 29, 2023
    Insurance, Becker, European Central Bank, Emirates Institute for Banking and Financial Studies, Journal of Political Economy, Jose Pablo Cantillo, Central bank, Political economy, Review, American Economic Review, St. Louis Fed Financial Stress Index, KZ, Magazine, Pierce, Research, USD, RESEARCH, Financial economics, Journal, Directorate, Nature, Monetary economics, ECB, Corporation, Working paper, Federal Reserve Economic Data, Jensen, Efficiency, FRED, Annual Review of Financial Economics, B, Journal of Monetary Economics, The Review of Financial Studies, Security (finance), Bank, Bookkeeping, Financial adviser, Financial services, Textile, Cryptocurrency
    Key Points: 

    Premier Financial Corp. Announces Second Quarter 2023 Results

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    Tuesday, July 25, 2023
    Banking, Professional Services, Finance, MSR, Lender option borrower option, Insurance, FIG, PFC, Habit, FHLB, Premier, SOFR, AFS, FDIC, TE, Sale, Movement, PPP, Acquisition, Federal Reserve, Internet access, Federal Reserve Economic Data, CFO, C&I, Federal funds, Security (finance), Bank, Video game, Real estate, Cryptocurrency, Rare-earth element, AOCI

    Premier Financial Corp. (Nasdaq: PFC) (“Premier” or the “Company”) announced today 2023 second quarter results, including net income of $48.4 million or $1.35 per diluted common share, compared to $22.4 million, or $0.63 per diluted common share, for the second quarter of 2022.

    Key Points: 
    • Premier Financial Corp. (Nasdaq: PFC) (“Premier” or the “Company”) announced today 2023 second quarter results, including net income of $48.4 million or $1.35 per diluted common share, compared to $22.4 million, or $0.63 per diluted common share, for the second quarter of 2022.
    • “The second quarter 2023 individual monthly margin results were much more stable than those experienced in fourth quarter 2022 and first quarter 2023, which were in constant decline,” said Small.
    • BOLI income of $1.0 million in the second quarter of 2023 decreased from $1.4 million in the first quarter of 2023 and was flat from $1.0 million in the second quarter of 2022, with $0.4 million of claim gains in the first quarter of 2023 compared to none in the second quarter periods.
    • Compensation and benefits were $24.2 million in the second quarter of 2023, compared to $25.7 million in the first quarter of 2023 and $22.3 million in the second quarter of 2022.

    The Conference Board Employment Trends Index™ (ETI) Increased in April

    Retrieved on: 
    Monday, May 8, 2023
    Bureau of Labor Statistics, Workforce, Percentage, Fed, The Conference Board, Employment, U.S. Department of Commerce Office of Security, Noise, Bureau, Economics, Stanley Steemer, Index, Federal Reserve Economic Data, Federal Reserve, Unemployment benefits, Risk, ETI, Conference, Video game, Manufacturing

    NEW YORK, May 8, 2023 /PRNewswire/ -- The Conference Board Employment Trends Index™ (ETI) increased in April to 116.18, up from a downwardly revised 115.51 in March 2023. The Employment Trends Index is a leading composite index for employment. When the index increases, employment is likely to grow as well, and vice versa. Turning points in the index indicate that a change in the trend of job gains or losses is about to occur in the coming months.

    Key Points: 
    • NEW YORK, May 8, 2023 /PRNewswire/ -- The Conference Board Employment Trends Index™ (ETI) increased in April to 116.18, up from a downwardly revised 115.51 in March 2023.
    • The Employment Trends Index is a leading composite index for employment.
    • The Employment Trends Index aggregates eight leading indicators of employment, each of which has proven accurate in its own area.
    • The eight leading indicators of employment aggregated into the Employment Trends Index include:
      Initial Claims for Unemployment Insurance (U.S. Department of Labor)
      Number of Employees Hired by the Temporary-Help Industry (U.S. Bureau of Labor Statistics)
      Real Manufacturing and Trade Sales (U.S. Bureau of Economic Analysis)**
      The Conference Board publishes the Employment Trends Index monthly, at 10 a.m.

    Premier Financial Corp. Announces First Quarter 2023 Results Including Solid Capital and Liquidity Levels

    Retrieved on: 
    Tuesday, April 25, 2023
    Banking, Professional Services, Insurance, Finance, Total, PFC, FHLB, NSF, Publications Ice Shelf, Premier, AFS, FDIC, TE, Sale, PPP, ATM, Acquisition, Federal Reserve, Capital, Internet access, Federal Reserve Economic Data, CFO, Health, Safety, Federal funds, Bank, Video game, Real estate, Cryptocurrency, AOCI

    March saw a slight increase in customer deposits for Premier, demonstrating the effective effort by our team of banking professionals.

    Key Points: 
    • March saw a slight increase in customer deposits for Premier, demonstrating the effective effort by our team of banking professionals.
    • The impact was such that we felt it prudent to provide a bridge to a more normalized quarterly expectation for 2023.
    • Regulatory ratios also improved during the first quarter of 2023 including CET1 of 9.96%, Tier 1 of 10.43% and Total Capital of 12.18%, each up 4-5 basis points.
    • The dividend represents an annual dividend of 6.6 percent based on the Premier common stock closing price on April 24, 2023.

    360factors Launches FRED Integration for Predict360 Risk Insights

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    Wednesday, April 12, 2023
    Inc., Risk, Risk management, A.I, Research, Organization, Kris, Key risk indicator, Federal Reserve Economic Data, Artificial intelligence, Cryptocurrency, FRED

    AUSTIN, Texas , April 12, 2023 /PRNewswire/ -- 360factors, Inc., the industry leader in risk and compliance intelligence software, announced today that the company has integrated the Federal Reserve Economic Data (FRED) research metrics into its Predict360 Risk Insights application.

    Key Points: 
    • AUSTIN, Texas , April 12, 2023 /PRNewswire/ -- 360factors, Inc., the industry leader in risk and compliance intelligence software, announced today that the company has integrated the Federal Reserve Economic Data (FRED) research metrics into its Predict360 Risk Insights application.
    • Predict360 Risk Insights identifies existing risks operating outside of tolerance and predicts emerging risks using Artificial Intelligence (A.I.)
    • By incorporating FRED metrics into Predict360 Risk Insight's KRI Engine, 360factors' customers can combine internal and external metrics to identify emerging risks and growth opportunities.
    • "Banks, credit unions, and financial services organizations are seeking to enhance their risk data by incorporating forward-looking insights," said Carl McCauley, CEO at 360factors.

    Premier Financial Corp. Announces Full Year 2022 Results and Dividend Increase

    Retrieved on: 
    Tuesday, January 24, 2023
    Banking, Professional Services, Insurance, Finance, CFO, PPP, NSF, Internet access, FDIC, Federal funds, PFC, FIG, Acquisition, BIA, Sale, Premier, Federal Reserve Economic Data, MSR, ATM, Growth, FHLB, Environment, COVID-19, Video game, Bank, Real estate, Cryptocurrency

    Premier Financial Corp. (Nasdaq: PFC) (“Premier” or the “Company”) announced today 2022 fourth quarter and full year results.

    Key Points: 
    • Premier Financial Corp. (Nasdaq: PFC) (“Premier” or the “Company”) announced today 2022 fourth quarter and full year results.
    • PPP loans decreased $38 thousand and were only $1.1 million as of December 31, 2022.
    • Brokered deposits were $143.7 million at December 31, 2022, compared to $69.9 million at September 30, 2022 and none at December 31, 2021.
    • The dividend represents an annual dividend of 4.5 percent based on the Premier common stock closing price on January 23, 2022.

    The Conference Board Employment Trends Index™ (ETI) Declined in December

    Retrieved on: 
    Monday, January 9, 2023
    Use of Free and Open-Source Software (FOSS) in the U.S. Department of Defense, Bureau of Labor Statistics, Industrial production, Unemployment, Acceleration, Unemployment benefits, Economics, Index, Stanley Steemer, Employment, Growth, The Conference Board, Noise, Percentage, Federal Reserve, Conference, Bureau, Real, Federal Reserve Economic Data, ETI, Employment agency

    NEW YORK, Jan. 9, 2023 /PRNewswire/ -- The Conference Board Employment Trends Index™ (ETI) fell in December to 116.31 from a downwardly revised 117.14 in November 2022. The Employment Trends Index is a leading composite index for employment. When the index increases, employment is likely to grow as well, and vice versa. Turning points in the index indicate that a turning point in the number of jobs is about to occur in the coming months.

    Key Points: 
    • NEW YORK, Jan. 9, 2023 /PRNewswire/ -- The Conference Board Employment Trends Index™ (ETI) fell in December to 116.31 from a downwardly revised 117.14 in November 2022.
    • The Employment Trends Index is a leading composite index for employment.
    • The Employment Trends Index aggregates eight leading indicators of employment, each of which has proven accurate in its own area.
    • The eight leading indicators of employment aggregated into the Employment Trends Index include:
      Initial Claims for Unemployment Insurance (U.S. Department of Labor)
      Number of Employees Hired by the Temporary-Help Industry (U.S. Bureau of Labor Statistics)
      Real Manufacturing and Trade Sales (U.S. Bureau of Economic Analysis)**
      The Conference Board publishes the Employment Trends Index monthly, at 10 a.m.