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Dec 31, 2023
Primis Q4 2023 Earnings Report
Reported earnings per share and announced investment in Panacea Financial Holdings, Inc.
Key Takeaways
Primis Financial Corp. reported a net income available to common shareholders of $8.1 million, or $0.33 per diluted share, for the quarter ended December 31, 2023. The company's results reflected material improvement in operating results and completed a restructuring of the Bank with some branch consolidation.
Net income available to common shareholders was $8.1 million, or $0.33 per diluted share.
Net interest income increased to $30.3 million.
Loans held for investment increased to $3.21 billion.
Book value per common share increased to $16.09.
Forward Guidance
The Company expects the effective tax rate in 2024 to be approximately 18.5%.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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