Primis Financial Corp. (FRST)

Primis Financial Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	189.96	172.79	115.08	106.92	111.56	112.18
Interest Income on Investments	19.83	19.83	8.21	6.22	6.13	8.34
Total Interest Income	209.79	192.62	123.29	113.14	117.69	120.52
Interest Paid on Deposits	95.7	83.69	13.28	13.11	20.33	30.6
Interest Paid on Borrowings	10.22	10.22	8.31	5.93	5.81	6.32
Total Interest Expense	105.92	93.91	21.59	19.04	26.14	36.92
Net Interest Income	103.87	98.71	101.7	94.1	91.56	83.6
Net Interest Income Growth (YoY)	-1.80%	-2.94%	8.07%	2.78%	9.52%	-8.20%
Mortgage Banking Activities	21.99	17.65	5.05	-	-	-
Gain (Loss) on Sale of Assets	0.58	-0.29	4.03	-	-	-
Gain (Loss) on Sale of Investments	-	-	-	-	-0.62	-
Other Non-Interest Income	10.38	21.69	2.84	3.26	8.76	4.24
Total Non-Interest Income	39.23	44.77	17.67	10.57	14.66	11.4
Non-Interest Income Growth (YoY)	-1.24%	153.42%	67.23%	-27.94%	28.67%	11.73%
Revenues Before Loan Losses	143.1	143.49	119.37	104.67	106.22	95
Provision for Loan Losses	38.45	32.54	11.27	-5.8	19.45	0.35
Revenue	104.65	110.95	108.1	110.47	86.77	94.65
Revenue Growth (YoY)	-16.40%	2.63%	-2.15%	27.32%	-8.32%	-2.49%
Salaries and Employee Benefits	62.52	58.05	48.61	35.99	35.13	25.83
Amortization of Goodwill & Intangibles	4.58	4.58	1.43	1.44	1.36	1.42
Selling, General & Administrative	34.65	30.84	26.55	23.16	21.58	16.96
Other Non-Interest Expense	14.96	17.5	14.17	10.89	9.01	12.42
Total Non-Interest Expense	116.35	110.97	90.76	71.48	68.05	56.59
EBT Excluding Unusual Items	-11.7	-0.03	17.33	38.99	18.72	38.05
Other Unusual Items	0.2	-	-	0.57	-	-
Pretax Income	-11.5	-11.18	17.33	39.57	18.72	38.05
Income Tax Expense	-2.79	-1.07	3.19	8.68	4.14	5.89
Earnings From Continuing Operations	-8.7	-10.11	14.15	30.88	14.58	32.16
Earnings From Discontinued Operations	-	-	-	0.23	8.4	1.01
Minority Interest in Earnings	7.99	2.28	-	-	-	-
Net Income	-0.71	-7.83	14.15	31.11	22.98	33.17
Net Income to Common	-0.71	-7.83	14.15	31.11	22.98	33.17
Net Income Growth	-	-	-54.53%	35.40%	-30.72%	-1.56%
Basic Shares Outstanding	25	25	25	24	24	24
Diluted Shares Outstanding	25	25	25	25	24	24
Shares Change (YoY)	0.03%	-0.12%	0.28%	0.98%	0.16%	0.22%
EPS (Basic)	-0.03	-0.32	0.58	1.27	0.95	1.38
EPS (Diluted)	-0.03	-0.32	0.57	1.27	0.94	1.36
EPS Growth	-	-	-55.10%	34.34%	-30.59%	-2.06%
Dividend Per Share	0.400	0.400	0.400	0.400	0.400	0.370
Dividend Growth	0%	0%	0%	0%	8.11%	12.12%
Effective Tax Rate	-	-	18.38%	21.95%	22.12%	15.48%

Source: S&P Capital IQ. Banks template. Financial Sources.