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Watch for our New Name and Ticker Symbol! First Defiance Financial Corp. will become Premier Financial Corp. on or about June 19, 2020. You will be automatically forwarded to our new website at PremierFinCorp.com at that time. We encourage you to update any bookmarks that you have and hope you continue to follow our new stock ticker PFC.

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Income Statement

Financial Highlights
2020 FQ1 YTD
3/31/2020
2019 FY
12/31/2019
2018 FY
12/31/2018
2017 FY
12/31/2017
2016 FY
12/31/2016
Interest Income 54,522 141,084 124,717 108,102 87,383
Interest Expense 9,059 25,435 16,462 11,431 8,440
Net Interest Income 45,463 115,649 108,255 96,671 78,943
FTE Net Interest Income 45,714 116,616 109,259 98,585 80,773
Provision for Loan Losses 43,786 2,905 1,176 2,949 283
Trading Account Income 0 0 0 0 0
Foreign Exchange Income 0 0 0 0 0
Trust Revenue 838 2,255 2,091 2,332 1,701
Service Charges on Deposits NA 6,422 6,900 6,615 6,127
Gain on Sale of Loans (FAS 140) 5,136 7,932 4,819 4,881 6,064
Loan Fees & Charges (4,054) 1,777 2,575 2,340 1,959
Bank-owned Life Insurance Revenue 781 1,740 1,599 1,585 909
Insurance Revenue 5,155 14,118 14,085 12,866 10,441
Investment Banking & Brokerage NA 66 83 84 91
Other Noninterest Income 6,143 10,204 6,715 7,294 6,229
Total Noninterest Income 13,999 44,514 38,867 37,997 33,521
Realized Gain on Securities 0 24 173 584 509
Nonrecurring Revenue 0 418 168 1,500 0
Compensation & Benefits 17,585 57,175 52,566 49,847 40,187
Occupancy & Equipment 3,731 9,027 8,641 7,707 7,418
Marketing and Promotion Expense NA 2,262 2,407 2,070 1,835
Professional Fees NA 3,693 3,328 3,603 2,902
Tech & Communications Expense 3,040 8,055 8,555 7,737 6,367
Amrt of Intang & Goodwill Impair 1,245 1,119 1,312 1,289 535
Foreclosure & Repo NA 369 742 177 244
Other Expense 6,681 13,941 12,667 11,821 10,862
Total Noninterest Expense 32,282 95,641 90,218 84,251 70,350
Nonrecurring Expense 11,486 1,422 (806) 1,100 743
Pre-Provision Net Revenue 27,431 65,489 57,908 52,331 43,944
Non-FTE Pre-Provision Net Revenue 27,180 64,522 56,904 50,417 42,114
Net Income before Taxes (28,092) 60,637 56,875 48,452 41,597
Provision for Taxes (5,610) 11,267 10,626 16,184 12,754
Effective Tax Rate(%) NM 18.58 18.68 33.40 30.66
Min Int & Oth after-tax Items 0 0 0 0 0
Extraordinary Items 0 0 0 0 0
Net Income (22,482) 49,370 46,249 32,268 28,843
Net Income Attributable to Noncontrolling Int 0 0 0 0 0
Net Income Attributable to Parent (22,482) 49,370 46,249 32,268 28,843
Preferred Dividends 0 0 0 0 0
Other Preferred Dividends after Net Income 0 0 0 0 0
Other Changes to Net Income NA (36) (16) (5) (39)
Net Income Avail to Common (22,482) 49,334 46,233 32,263 28,804
Net Income for Diluted EPS NA 49,334 46,233 32,263 28,804
EPS after Extra($) (0.71) 2.48 2.26 1.61 1.60
EPS after Extra Growth(%) NM 9.70 40.40 0.60 13.50
Pre-Provision Earnings per Share($) 0.68 2.56 2.20 1.64 1.52
Comprehensive Income
Net Income (22,482) 49,370 46,249 32,268 28,843
Preferred Dividend Adjustment to Comprehensive Inc 0 0 0 0 0
Total Other Comprehensive Income 7,473 6,743 (2,412) 2 (3,407)
Comprehensive Income (15,009) 56,113 43,837 32,270 25,436
Interest Income Earned On:
Interest Earned on Loans 51,485 130,943 114,500 99,742 80,423
Int Inc: Securities 3,058 9,713 9,951 9,438 8,423
Int Inc: Other Earn Assets 230 1,395 1,270 836 367
Int Inc: Secs & Oth Earn Assets 3,288 11,108 11,221 10,274 8,790
Int Inc: Total Earn Assets 54,773 142,051 125,721 110,016 89,213
Interest Expense Incurred On:
Int Exp: CDs NA 14,821 9,785 6,683 4,710
Int Exp: Other Deposits NA 7,792 4,112 2,135 1,551
Int Exp: Total Deposits 7,771 22,613 13,897 8,818 6,261
Int Exp: Debt 1,288 2,822 2,565 2,613 2,179
Int Exp: Total Int-bearing Liab 9,059 25,435 16,462 11,431 8,440
Data shown on this page is extracted directly from the company’s documents. S&P makes every effort to line up fields, captions and headers that represent the same data over time, despite variations in how the company may report these items in different documents. In certain instances the variation in the company’s presentation over time may be too significant, potentially resulting in repeating and/or disordered items. Despite possible issues with the presentation, S&P, as always, stands by its commitment to the quality of the data.