Primary Bank Past Earnings Performance
Past criteria checks 2/6
Primary Bank has been growing earnings at an average annual rate of 34.3%, while the Banks industry saw earnings growing at 9.7% annually. Revenues have been growing at an average rate of 29.9% per year. Primary Bank's return on equity is 11.3%, and it has net margins of 37%.
Key information
34.3%
Earnings growth rate
28.6%
EPS growth rate
| Banks Industry Growth | 11.2% |
| Revenue growth rate | 29.9% |
| Return on equity | 11.3% |
| Net Margin | 37.0% |
| Last Earnings Update | 31 Dec 2023 |
Recent past performance updates
No updates
Recent updates
Revenue & Expenses BreakdownBeta
How Primary Bank makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Dec 23 | 27 | 10 | 13 | 0 |
| 31 Dec 22 | 25 | 11 | 10 | 0 |
| 31 Dec 21 | 20 | 8 | 8 | 0 |
| 31 Dec 20 | 12 | 4 | 7 | 0 |
| 31 Dec 19 | 8 | 2 | 5 | 0 |
| 31 Dec 18 | 5 | 1 | 4 | 0 |
| 31 Dec 17 | 3 | -1 | 3 | 0 |
Quality Earnings: PRMY has high quality earnings.
Growing Profit Margin: PRMY's current net profit margins (37%) are lower than last year (43.4%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: PRMY's earnings have grown significantly by 34.3% per year over the past 5 years.
Accelerating Growth: PRMY's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: PRMY had negative earnings growth (-6.2%) over the past year, making it difficult to compare to the Banks industry average (-12.4%).
Return on Equity
High ROE: PRMY's Return on Equity (11.3%) is considered low.