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Premier Financial (Premier Financial) Effective Interest Rate on Debt % : 44.33% (As of Dec. 2023)


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What is Premier Financial Effective Interest Rate on Debt %?

Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. Premier Financial's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $175.0 Mil. Premier Financial's average total debt for the quarter that ended in Dec. 2023 was $394.7 Mil. Therefore, Premier Financial's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 44.33%.


Premier Financial Effective Interest Rate on Debt % Historical Data

The historical data trend for Premier Financial's Effective Interest Rate on Debt % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Premier Financial Effective Interest Rate on Debt % Chart

Premier Financial Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 20.98 29.07 19.10 11.63 33.80

Premier Financial Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 17.75 22.55 33.71 44.33 53.18

Competitive Comparison of Premier Financial's Effective Interest Rate on Debt %

For the Banks - Regional subindustry, Premier Financial's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on Debt % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Premier Financial's Effective Interest Rate on Debt % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Premier Financial's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Premier Financial's Effective Interest Rate on Debt % falls into.



Premier Financial Effective Interest Rate on Debt % Calculation

Premier Financial's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2022 )+Total Debt  (A: Dec. 2023 ))/ count )
=-1  *  -148.417/( (513.103+365.229)/ 2 )
=-1  *  -148.417/439.166
=33.80 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=513.103 + 0
=513.103

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=365.229 + 0
=365.229

Premier Financial's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Sep. 2023 )+Total Debt  (Q: Dec. 2023 ))/ count )
=-1  *  -174.992/( (424.197+365.229)/ 2 )
=-1  *  -174.992/394.713
=44.33 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=424.197 + 0
=424.197

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=365.229 + 0
=365.229

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is four times the quarterly (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Premier Financial  (NAS:PFC) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.


Premier Financial Effective Interest Rate on Debt % Related Terms

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Premier Financial (Premier Financial) Business Description

Industry
Traded in Other Exchanges
N/A
Address
601 Clinton Street, Defiance, OH, USA, 43512
Premier Financial Corp is a financial holding company that operates as a community banking and financial services corporation. It offers a broad range of financial services through its subsidiaries including checking accounts, savings accounts, certificates of deposit, real estate mortgage loans, commercial loans, consumer loans, home equity loans, and trust and wealth management services.
Executives
Rose Dennis E Jr officer: EVP, First Federal Bank 601 CLINTON STREET, DEFIANCE OH 43512
Donald P. Hileman officer: Executive Vice President, CFO 601 CLINTON STREET, DEFIANCE OH 43512
Rick L. Hull officer: EVP Head of Commercial Banking 44 AUBURN AVENUE SE, NORTH CANTON OH 44720
John Michael Houpt officer: EVP, Chief Credit Officer 601 CLINTON STREET, DEFIANCE OH 43512
Louis Michael Altman director 1111 EASTWOOD STREET NE, CANTON OH 44714
Craig Sciara officer: EVP, Chief Credit Officer 601 CLINTON STREET, DEFIANCE OH 43512
Terri A Bettinger director 601 CLINTON STREET, DEFIANCE OH 43512
Richard J Schiraldi director 275 FEDERAL PLAZA WEST, YOUNGSTOWN OH 44503
Jason Gendics officer: See Remarks 275 WEST FEDERAL STREET, YOUNGSTOWN OH 44503-1203
Nikki Robinson Lanier director 601 CLINTON STREET, DEFIANCE OH 43512
Samuel S Strausbaugh director 601 CLINTON ST., DEFIANCE OH 43512
Varun Chandhok officer: EVP, Chief Information Officer 601 CLINTON STREET, DEFIANCE OH 43512
Tina Nutter officer: EVP, Chief Risk Officer 601 CLINTON STREET, DEFIANCE OH 43512
Shannon M Kuhl officer: EVP, Chief Legal Officer 255 E FIFTH STREET, SUITE 2900, CINCINNATI OH 45202
Jude J. Nohra officer: See Remarks 275 FEDERAL PLAZA WEST, YOUNGSTOWN OH 44503