Primary Bank (PRMY)

DFS Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	35.37	32.36	25.72	24.26	16.25
Interest Income on Investments	4.03	4.21	2.12	0.25	0.25
Total Interest Income	39.4	36.58	27.84	24.51	16.5
Interest Paid on Deposits	13.02	9.39	2.5	2.89	3.65
Interest Paid on Borrowings	0.18	0.04	0	-	0.05
Total Interest Expense	13.2	9.43	2.5	2.89	3.7
Net Interest Income	26.2	27.15	25.33	21.63	12.8
Net Interest Income Growth (YoY)	-3.51%	7.18%	17.14%	68.95%	58.05%
Other Non-Interest Income	0.61	0.6	0.62	0.54	0.37
Total Non-Interest Income	0.61	0.6	0.62	0.54	0.37
Non-Interest Income Growth (YoY)	1.33%	-2.91%	14.14%	47.66%	98.03%
Revenues Before Loan Losses	26.81	27.75	25.95	22.17	13.17
Provision for Loan Losses	0.63	0.74	1.4	1.87	1.48
Revenue	26.17	27.01	24.55	20.29	11.69
Revenue Growth (YoY)	-3.12%	10.05%	20.96%	73.66%	55.07%
Salaries and Employee Benefits	7.62	8.13	5.63	3.88	3.98
Occupancy Expenses	0.35	0.39	0.41	0.3	0.27
Federal Deposit Insurance	0.29	0.29	0.25	0.39	0.24
Selling, General & Administrative	3.32	4.48	3.63	4.22	2.36
Total Non-Interest Expense	11.58	13.28	9.91	8.79	6.85
EBT Excluding Unusual Items	14.59	13.73	14.63	11.5	4.83
Pretax Income	14.59	13.73	14.63	11.5	4.83
Income Tax Expense	3.99	3.73	3.97	3.12	1.32
Net Income	10.61	10	10.66	8.39	3.52
Net Income to Common	10.61	10	10.66	8.39	3.52
Net Income Growth	6.04%	-6.18%	27.07%	138.41%	50.17%
Basic Shares Outstanding	5	5	5	4	4
Diluted Shares Outstanding	5	5	5	5	4
Shares Change (YoY)	1.27%	-0.28%	4.37%	8.35%	35.36%
EPS (Basic)	2.25	2.15	2.34	1.90	0.87
EPS (Diluted)	2.19	2.09	2.23	1.83	0.83
EPS Growth	4.78%	-6.28%	21.86%	120.48%	10.67%
Effective Tax Rate	27.32%	27.18%	27.16%	27.08%	27.21%

Source: S&P Global Market Intelligence. Banks template. Financial Sources.