Professional Holding Corp. Reports Fourth-Quarter and Annual 2020 Results

Professional Holding Corp. (the "Company") (NASDAQ:PFHD), the parent company of Professional Bank (the "Bank"), today reported net income of $5.5 million, or $0.38 per diluted share, for the fourth quarter of 2020 compared to net income of $1.0 million, or $0.07 per diluted share, for the third quarter of 2020, and net income of $1.0 million, or $0.17 per diluted share, for the fourth quarter of 2019. For the year ended December 31, 2020, net income totaled $8.3 million, or $0.62 per diluted share, compared to net income of $2.3 million, or $0.40 per diluted share for the year ended December 31, 2019.