Premier Financial : February 2023 Investor Presentation

Investor Update

February 2023

Forward Looking Statements & Non-GAAP Measures

Forward Looking Statements

This document may contain certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. These statements may include, but are not limited to, statements regarding projections, forecasts, goals and plans of Premier Financial Corp. and its management, future movements of interests, loan or deposit production levels, future credit quality ratios, future strength in the market area, and growth projections. These statements do not describe historical or current

facts and may be identified by words such as "intend," "intent," "believe," "expect," "estimate," "target," "plan," "anticipate," or similar words or phrases, or

future or conditional verbs such as "will," "would," "should," "could," "might," "may," "can," or similar verbs. There can be no assurances that the forward- looking statements included in this presentation will prove to be accurate. In light of the significant uncertainties in the forward-looking statements, the inclusion of such information should not be regarded as a representation by Premier or any other persons, that our objectives and plans will be achieved. Forward-looking statements involve numerous risks and uncertainties, any one or more of which could affect Premier's business and financial results in future periods and could cause actual results to differ materially from plans and projections. These risks and uncertainties include, but not limited to: impacts from the novel coronavirus (COVID-19) pandemic on the economy, financial markets, our customers, and our business and results of operation; changes in interest rates; disruptions in the mortgage market; risks and uncertainties inherent in general and local banking, insurance and mortgage conditions; political uncertainty; uncertainty in U.S. fiscal or monetary policy; uncertainty concerning or disruptions relating to tensions surrounding the current socioeconomic landscape; competitive factors specific to markets in which Premier operates; increasing competition for financial products from other financial institutions and nonbank financial technology companies; legislative or regulatory rulemaking or actions; capital market conditions; security breaches or unauthorized disclosure of confidential customer or Company information; interruptions in the effective operation of information and transaction processing systems of Premier or Premier's vendors and service providers; failures or delays in integrating or adopting new technology; the impact of the cessation of LIBOR interest rates and implementation of a replacement rate; and other risks and uncertainties detailed from time to time in our Securities and Exchange Commission (SEC) filings, including our Annual Report on Form 10-K for the year ended December 31, 2021 and any further amendments thereto. All forward-looking statements made in this presentation are based on information presently available to the management of Premier and speak only as of the date on which they are made. We assume no obligation to update any forward-looking statements, whether as a result of new information, future developments or otherwise, except as may be required by law.

Non-GAAP Measures

This communication contains certain non-GAAP financial measures of Premier determined by methods other than in accordance with generally accepted accounting principles. We use non-GAAP financial measures to provide meaningful supplemental information regarding our performance. We believe these non-GAAP measures are beneficial in assessing our operating results and related trends, and when planning and forecasting future periods. These non-GAAP disclosures should be considered in addition to, and not as a substitute for or preferable to, financial results determined in accordance with GAAP. The non-GAAP financial measures we use may differ from the non-GAAP financial measures other financial institutions use to measure their results of operations.

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Premier Highlights

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Key Executive Management

Gary Small

President & CEO

37 years experience, 8 at Premier

Paul Nungester

EVP, Chief Financial Officer

21 years experience, 4 at Premier

Mr. Small was appointed President and CEO of Premier Financial Corp. and Premier Bank by the Boards on April 1, 2021, after previously serving as President of each since January 31, 2020, as part of the UCFC merger. Small was named President and CEO of Home Savings and joined the UCFC Board in March 2014. Prior to joining UCFC, Mr. Small most recently served as Senior EVP - Chief Banking Officer for S&T Bank in Indiana, PA, with responsibility for their Wealth Management, Retail Banking and Insurance business groups. Mr. Small also served as EVP - Head of Regional Banking for Sky Financial Group and post merger with Huntington Bank, as Huntington Bank's EVP - Regional Banking Group President. Small also spent 20 years with National City Corporation, and a predecessor, Merchants National Corporation, in a number of senior operating and financial roles.

Mr. Nungester has been the Executive Vice President and Chief Financial Officer since May 2019. Prior to that, he served as Director of Finance and Accounting since joining the Company in July 2018. Before joining the Company, Mr. Nungester served as Senior Vice President and Controller at Welltower Inc. (NYSE: WELL), a real estate investment trust, where he served in various roles from 2001 until 2018 before joining Premier Bank. He is a graduate of John Carroll University and earned his MBA at The University of Toledo. Mr. Nungester is a Certified Public Accountant, Chartered Global Management Accountant and a graduate of Deloitte's Next Generation CFO Academy and the Barrett School of Banking.

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Premier Financial Corp: Strong, Diversified & Differentiated

Unwavering Focus For Over 130 Years: Community Financial Services

$8.4B	1.29% '22	1.78% '22	$1.3B	20.5% '22 Non	53.7% '22	1.13%
Assets	ROAA	PTPP ROAA	Wealth AUA	Int. Inc./Revs	Efficiency Ratio	ACL/Loans

Financial Highlights

Premier Financial Corp.

Subsidiaries

• 74 branches throughout northern Ohio, southeast Michigan,

Total Assets ($M)

Total Net Loans and HFS ($M)

Total Deposits ($M)

1. Loans ($M)
   ROAA
   Noninterest Income/Rev (ex Sec G/Ls) NPAs/ Assets
   NCOs/ Avg Loans
   ACL / Loans (+ marks, ex PPP)
   TCE / TA
   Tangible Book Value Per Share

At or for the Year To-Date Dec 31, 2022

$8,455 $6,503 $6,907 $1 1.29% 2.5% 0.41% 0.10% 1.17% 6.78% $15.47

	northeast Indiana and western Pennsylvania
• 12 loan production offices
• Wealth professionals serving each community banking branch
•	Trust & Wealth Management services: $5.8 million fees in '22
•	Premier Bank name symbolizes commitment to provide the
	best in community banking
• 10 locations throughout the bank's footprint
• $16.2 million in fees & commissions for '22
• Specializes in property & casualty and group health & life
	insurance

Note: Financial data is as of and year-to-date December 31, 2022 unless otherwise noted. See Non-GAAP reconciliations on slides 37-39.

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