Premier Financial Bancorp, Inc. Reports Third Quarter EPS of $.70

Premier Financial Bancorp PFBI announced its financial results for the third quarter of 2010. Premier realized income of $2,105,000 (22 cents per diluted share) during the quarter ending September 30, 2010, a 40.1% increase from the $1,502,000 of net income reported for the third quarter of 2009. The increase in income in 2010 is largely due to the inclusion of Adams National Bank and Consolidated Bank and Trust in the 2010 results. Excluding the benefits of including the Acquired Banks, Premier's third quarter 2010 net income also improved, primarily as a result of decreases in interest expense exceeding increases in the provision for loan losses. On a diluted per share basis, Premier earned $0.22 during the third quarter 2010 compared to $0.23 per share earned during the third quarter of 2009. For the nine months of 2010 Premier realized net income of $6,637,000 (70 cents per diluted share), a 62.4% increase from the $4,086,000 (64 cents per diluted share) earned during the first nine months of 2009.