Primary Bank
Primary Bank provides financial services to small and medium-sized businesses in New Hampshire, the United States. The company offers checking, savings, money market, health savings, and individual retirement accounts, as well as certificates of deposit. It also provides commercial lending solutions, including SBA loans, working capital and equipment lines of credit, commercial real estate and co… Read more
Primary Bank (PRMY) - Net Assets
Latest net assets as of : $- USD
Based on the latest financial reports, Primary Bank (PRMY) has net assets worth $- USD as of .
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($-) and total liabilities ($-). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $- |
| % of Total Assets | 0% |
| Annual Growth Rate | -5.41% |
| 5-Year Change | 88.09% |
| 10-Year Change | N/A |
| Growth Volatility | 46.33 |
Primary Bank - Net Assets Trend (2017–2024)
This chart illustrates how Primary Bank's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Primary Bank (2017–2024)
The table below shows the annual net assets of Primary Bank from 2017 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $99.88 Million | +13.16% |
| 2023-12-31 | $88.26 Million | +15.67% |
| 2022-12-31 | $76.31 Million | +19.52% |
| 2021-12-31 | $63.85 Million | +20.23% |
| 2020-12-31 | $53.10 Million | +80.59% |
| 2019-12-31 | $29.40 Million | -85.60% |
| 2018-12-31 | $204.24 Million | +38.50% |
| 2017-12-31 | $147.47 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Primary Bank's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 4737076600.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $42.25 Million | 42.30% |
| Common Stock | $47.00K | 0.05% |
| Other Components | $57.58 Million | 57.65% |
| Total Equity | $99.88 Million | 100.00% |
Primary Bank Competitors by Market Cap
The table below lists competitors of Primary Bank ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
First Eagle Alternative Capital BDC Inc
NYSE:FCRX
|
$238.90K |
|
Blackstone Secured Lending Fund
NYSE:BXSL
|
$238.93K |
|
GAS NATURAL SDG - Dusseldorf Stock Exchang
DU:GAN
|
$239.11K |
|
PhenixFIN Corporation 5.25% Notes due 2028
NASDAQ:PFXNZ
|
$239.13K |
|
ParcelPal Technology Inc
PINK:PTNYF
|
$238.85K |
|
Oxford Lane Capital Corp. 7.125% Series 2029 Term Preferred Stock
NASDAQ:OXLCN
|
$238.68K |
|
Small Cap Premium & Dividend Income Fund Inc
NYSE:RCC
|
$238.68K |
|
BCP
BC:BCP
|
$238.67K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Primary Bank's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 88,264,000 to 99,876,000, a change of 11,612,000 (13.2%).
- Net income of 10,605,000 contributed positively to equity growth.
- New share issuances of 1,128,000 increased equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $10.61 Million | +10.62% |
| Share Issuances | $1.13 Million | +1.13% |
| Other Changes | $-121.00K | -0.12% |
| Total Change | $- | 13.16% |
Book Value vs Market Value Analysis
This analysis compares Primary Bank's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.21x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 3.01x to 1.21x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | $8.31 | $25.00 | x |
| 2018-12-31 | $8.49 | $25.00 | x |
| 2019-12-31 | $9.40 | $25.00 | x |
| 2020-12-31 | $12.54 | $25.00 | x |
| 2021-12-31 | $13.91 | $25.00 | x |
| 2022-12-31 | $15.93 | $25.00 | x |
| 2023-12-31 | $18.48 | $25.00 | x |
| 2024-12-31 | $20.65 | $25.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Primary Bank utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 10.62%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 26.51%
- • Asset Turnover: 0.06x
- • Equity Multiplier: 7.10x
- Recent ROE (10.62%) is above the historical average (8.29%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | -2.63% | -24.88% | 0.02x | 5.84x | $-3.20 Million |
| 2018 | 5.27% | 26.52% | 0.03x | 7.61x | $-1.27 Million |
| 2019 | 7.97% | 20.51% | 0.04x | 10.18x | $-597.16K |
| 2020 | 6.63% | 20.87% | 0.03x | 10.65x | $-1.79 Million |
| 2021 | 13.14% | 33.49% | 0.04x | 10.51x | $2.00 Million |
| 2022 | 13.97% | 37.47% | 0.04x | 8.57x | $3.03 Million |
| 2023 | 11.33% | 37.02% | 0.04x | 7.86x | $1.17 Million |
| 2024 | 10.62% | 26.51% | 0.06x | 7.10x | $617.40K |
Industry Comparison
This section compares Primary Bank's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $25,670,820,700
- Average return on equity (ROE) among peers: 9.44%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Primary Bank (PRMY) | $- | -2.63% | N/A | $238.85K |
| Ameris Bancorp (ABCB) | $120.94 Million | 10.83% | 9.48x | $4.91 Billion |
| ACNB Corporation (ACNB) | $2.75 Billion | 1.01% | 0.01x | $462.57 Million |
| Addiko Bank AG (ADBKF) | $839.50 Million | 5.41% | 6.63x | $210.07 Million |
| Affinity Bancshares Inc (AFBI) | $120.97 Million | 6.26% | 5.51x | $79.94 Million |
| Absa Group Limited (AGRPF) | $19.52 Billion | 23.08% | 14.72x | $6.72 Billion |
| AIB Group plc (AIBGY) | $14.46 Billion | -16.17% | 8.45x | $21.72 Billion |
| Akbank Turk Anonim Sirketi (AKBTY) | $211.22 Billion | 31.48% | 8.02x | $8.60 Billion |
| Alpha Bank SA (ALBKY) | $7.32 Billion | 8.44% | 8.89x | $1.12 Billion |
| Community Capital Bancshares Inc (ALBY) | $9.19 Million | 7.09% | 8.66x | $19.76 Million |
| Alpine Banks of Colorado (ALPIB) | $342.89 Million | 16.92% | 10.27x | $248.47 Million |