BATON ROUGE, La. - Premier Bancorp said it expects to report net income for the third quarter of about $12.5 million, or 48 cents a share.

In the year-ago third quarter, the company earned $5,055,000, or 21 cents a share. For the first nine months of 1992, the company anticipates earning "slightly over $30 million," compared with earnings of $13 million in the year-ago period.

Premier added that nonperforming assets are expected to decline in the third quarter by at least 10%, or $12 million, and reserve coverage is expected to approach 150% of nonperforming loans.

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