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Jun 30, 2021
Primis Q2 2021 Earnings Report
Primis Financial Corp. reported diluted earnings per share of $0.42 for the second quarter of 2021.
Key Takeaways
Primis Financial Corp. reported a net income of $10.3 million for the quarter ended June 30, 2021, compared to $9.4 million for the quarter ended March 31, 2021. Earnings per share for the three months ended June 30, 2021 were $0.42 on a basic and diluted basis, compared to $0.39 basic and $0.38 diluted for the three months ended March 31, 2021.
Total assets at the end of the second quarter of 2021 were $3.4 billion, an increase of 10.5% versus the year ago period.
Gross loans were $2.3 billion at the end of the second quarter of 2021, down 9.0% and 4.4% from the year ago period and linked-quarter, respectively.
Total deposits increased $599.5 million year-over-year despite a $231.0 million decline in time deposits over the same time frame.
Cost of deposits declined to 0.50% for the second quarter of 2021 compared to 0.60% for the first quarter of 2021 and 0.95% for the second quarter of 2020.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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