Primary Bank (PRMY)

Primary Bank Income Statement

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

Fiscal Year	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	32.36	25.72	24.26	16.25	10.4
Interest Income on Investments	4.21	2.12	0.25	0.25	0.84
Total Interest Income	36.58	27.84	24.51	16.5	11.24
Interest Paid on Deposits	9.39	2.5	2.89	3.65	3.14
Interest Paid on Borrowings	0.04	0	-	0.05	-
Total Interest Expense	9.43	2.5	2.89	3.7	3.14
Net Interest Income	27.15	25.33	21.63	12.8	8.1
Net Interest Income Growth (YoY)	7.18%	17.14%	68.95%	58.05%	37.12%
Other Non-Interest Income	0.6	0.62	0.54	0.37	0.19
Total Non-Interest Income	0.6	0.62	0.54	0.37	0.19
Non-Interest Income Growth (YoY)	-2.91%	14.14%	47.66%	98.03%	109.75%
Revenues Before Loan Losses	27.75	25.95	22.17	13.17	8.28
Provision for Loan Losses	0.74	1.4	1.87	1.48	0.75
Revenue	27.01	24.55	20.29	11.69	7.54
Revenue Growth (YoY)	10.05%	20.96%	73.66%	55.07%	40.83%
Salaries and Employee Benefits	8.13	5.63	3.88	3.98	3.2
Occupancy Expenses	0.39	0.41	0.3	0.27	0.16
Federal Deposit Insurance	0.29	0.25	0.39	0.24	0.12
Selling, General & Administrative	4.48	3.63	4.22	2.36	1.86
Total Non-Interest Expense	13.28	9.91	8.79	6.85	5.35
EBT Excluding Unusual Items	13.73	14.63	11.5	4.83	2.19
Pretax Income	13.73	14.63	11.5	4.83	2.19
Income Tax Expense	3.73	3.97	3.12	1.32	-0.15
Net Income	10	10.66	8.39	3.52	2.34
Net Income to Common	10	10.66	8.39	3.52	2.34
Net Income Growth	-6.18%	27.07%	138.41%	50.17%	65.10%
Basic Shares Outstanding	5	5	4	4	3
Diluted Shares Outstanding	5	5	5	4	3
Shares Change (YoY)	-0.28%	4.37%	8.35%	35.36%	-1.23%
EPS (Basic)	2.15	2.34	1.90	0.87	0.77
EPS (Diluted)	2.09	2.23	1.83	0.83	0.75
EPS Growth	-6.28%	21.86%	120.48%	10.67%	66.67%
Effective Tax Rate	27.18%	27.16%	27.08%	27.21%	-

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