YOUNGSTOWN — Premier Financial Corp., holding company for Youngstown-based Premier Bank, has been recognized by S&P Global Market Intelligence on its annual list of the best-performing large U.S. community banks of 2020.

Premier Financial Corp. was ranked No. 18 among community banks in the $3 billion to $10 billion asset size.

To determine the ranking, S&P Global Market Intelligence calculated scores for each company based on six weighted metrics: pretax return on tangible common equity, 25 percent; efficiency ratio, 15 percent; net interest margin, 15 percent; operating growth revenue, 20 percent; leverage ratio, 15 percent; and nonperforming assets and loans 90 days or more past due as a percentage of total assets, net of Paycheck Protection Program loans, 10 percent.

Premier Financial performed well in all categories, delivering an efficiency ratio of 55.86 percent, keeping nonperforming assets to 0.86 percent as a percent of total assets and delivering a return on tangible common equity of 14.3 percent.

Premier Financial Corp., headquartered in Defiance, also includes First Insurance Group.

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