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Prime Meridian Holding Co  (PMHG)
Other Ticker:  
 
    Sector  Financial    Industry Regional Banks
   Industry Regional Banks
   Sector  Financial
 
Price: $22.6000 $0.00 0.000%
Day's High: $22.6 Week Perf: 5.12 %
Day's Low: $ 22.50 30 Day Perf: 1.35 %
Volume (M): 2 52 Wk High: $ 24.25
Volume (M$): $ 50 52 Wk Avg: $22.24
Open: $22.50 52 Wk Low: $20.15



 Market Capitalization (Millions $) 74
 Shares Outstanding (Millions) 3
 Employees 56
 Revenues (TTM) (Millions $) 29
 Net Income (TTM) (Millions $) 8
 Cash Flow (TTM) (Millions $) 1
 Capital Exp. (TTM) (Millions $) 0

Prime Meridian Holding Co

Prime Meridian Holding Company (“PMHG”) was incorporated as a Florida corporation on May 25, 2010 and is the one-bank holding company for and sole shareholder of Prime Meridian Bank (the “Bank”). The Bank opened for business on February 4, 2008 and was acquired by the Company on September 16, 2010. PMHG has no significant operations other than owning the stock of the Bank.

Our business strategy focuses on traditional, relationship-based banking. The Bank provides a range of consumer and commercial banking services to individuals and businesses. In addition to electronic banking services such as mobile banking, remote deposit, mobile deposit, Apple Pay, Bank-to-Bank transfers and online banking, we offer basic services which include demand interest-bearing and noninterest-bearing accounts, savings accounts, money-market deposit accounts, health savings accounts (HSA), NOW accounts, time deposits, safe deposit services, wire transfers, foreign exchange services, escrow accounts, debit cards, direct deposits, notary services, night depository, official checks, domestic collections, bank drafts, automated teller services, drive-in tellers, banking by mail, credit cards through a third party, and merchant card services with a third party. In addition, the Bank issues standby letters of credit and offers commercial real estate loans, residential real estate loans, construction loans, commercial loans, and consumer loans. The Bank provides debit and automated teller machine (“ATM”) cards and is a member of the MoneyPASS and Pulse networks, thereby permitting clients to utilize the convenience of a large ATM network system including more than 400,000 member machines nationwide.


Our organizational structure focuses on a strong risk management culture. We stay abreast of our market by having our Board and management team highly involved in our communities. We believe our team’s banking experience and high-quality client service distinguishes us from other banks. We believe this foundation will enable us to expand our products and services to new and existing clients, resulting in steady, long-term growth. Our culture focuses on servicing our clients and proactively exceeding their expectations, which in turn supports client retention and loyalty, increased referrals, and enhanced profitability.


Our loan target market includes owner-occupied and nonowner-occupied commercial real estate, small businesses, real estate developers, consumers, and professionals. Small business clients are typically a commercial entity with sales of $25 million or less; these clients have the opportunity to generate significant revenue for banks.
Our revenues are primarily derived from interest income and fees on loans, interest and dividends from investment securities, and service charge income generated from demand accounts, ATM fees, and other services. The principal sources of funds for the Bank’s lending activities are its deposits, loan repayments, and proceeds from investment securities. The principal expenses of the Bank are the interest paid on deposits, salaries, and general operating expenses.


We are committed to being a successful community bank and being a good business partner within our community. We believe our active community involvement and business development strategies, in conjunction with our client relationship culture, have formed a successful foundation for developing new relationships and enhancing existing ones.

The Bank offers a wide range of lending services to the community, providing loans to small to medium sized companies and their owners and not-for-profit organizations. Included in our array of commercial loan products are commercial real estate loans, equipment loans, small business loans, business lines of credit, and Small Business Administration (“SBA”) loans. Consumer loans include residential first and second mortgage loans, home equity lines of credit, and consumer installment loans for cars, trucks, boats, and other recreational vehicles. Most of our retail lending connections are driven by our commercial client relationships. The Bank maintains strong and disciplined credit policies and procedures and makes loans on a nondiscriminatory basis throughout its lending area.

Our lenders have the authority to extend credit under guidelines established and approved by the Board of Directors. Any aggregate credit that exceeds the authority of the loan officer is presented to Loan Committee for approval. The voting members of the Bank’s Loan Committee consist of at least five directors, with at least two of those five being nonemployee Board members. Alternates or designates may be appointed by the Board of Directors when needed. Loan Committee generally meets weekly to consider any loan requests which are in excess of the lending limits of individual lending officers and require approval before the disbursement of proceeds and to review all other loans for compliance with our loan policy. Liquidity and stability in the Bank’s portfolio are given the highest priority, and therefore, it is the responsibility of the Loan Committee to review the portfolio mix of loans on at least a quarterly basis following the Bank filing that quarter’s Call Report. Actions of the Loan Committee are reported to the Board of Directors at its regular meetings.



   Company Address: 1471 Timberlane Road Tallahassee 32312 FL
   Company Phone Number: 907-2300   Stock Exchange / Ticker: PMHG
   


Customers Net Income fell by PMHG's Customers Net Profit Margin fell to

-6.45 %

8.66 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
BK        0.34% 
BPOP   -2.77%    
CFG   -1.67%    
EWBC   -3.19%    
FCNCA        1.3% 
FITB   -2.62%    
• View Complete Report
   



Prime Meridian Holding Co

Prime Meridian Holding Co Faces Profit Plunge: Shares in Freefall as Revenue Dwindles



Prime Meridian Holding Co recently released its financial results for the most recent fiscal period, shedding light on various aspects of the company's performance. In this article, we will interpret the financial results and explore how these facts could impact the company moving forward.
Decrease in Net Profit per Share
The most concerning aspect of Prime Meridian Holding Co's financial results is the drop in net profit per share. Compared to the previous year, net profit per share decreased by -25.84%, from $0.89 to $0.66. Furthermore, there was a -5.71% decrease from the preceding quarter, from $0.70 to $0.66. These declines suggest a declining profitability trend for the company.

Prime Meridian Holding Co

Prime Meridian Holding Co Outshines Market with a Stunning 16.77% Revenue Leap in Q2 2023



Prime Meridian Holding Co, a prominent player in the Regional Banks industry, has showcased an impressive financial performance in the fiscal year ending June 30, 2023. With a double-digit revenue rise of 16.773% amounting to $7.49 million, the company experienced a modest increase in income and net profits, indicating positive growth in key financial metrics.
Key Financial Results:
1. Revenue Growth: Prime Meridian Holding Co recorded a substantial revenue growth of 16.773% to reach $7.49 million in the fiscal year ending June 30, 2023. This growth outperformed the industry average of 11.94% during the same period, highlighting the company's strong market position.

Prime Meridian Holding Co

Prime Meridian Holding Co surpasses expectations with impressive revenue growth in Q1 2023

Investing in the stock market is a good way to generate wealth, but it is important to do your research beforehand. One company that has been making headlines recently is Prime Meridian Holding Co. While the company returned a new high on return on equity (ROE) in its first quarter of 2023, it is important to tread cautiously and not make a hasty decisionFirstly, within the Regional Banks industry, 34 other companies had a higher return on equity than Prime Meridian Holding Co. Additionally, while the overall ROE ranking advanced in the quarter, it is still not among the top companies, being ranked 741st.
Secondly, while the revenue and earnings per share of Prime Meridian Holding Co increased year on year, there was a decrease in both from the previous quarter. The net profit per share decreased by -2.03% from the previous quarter, and while net profits in the most recent fiscal period increased from the previous year, this was partially due to the company shifting its focus on improving sales.
Lastly, it is important to note that Prime Meridian Holding Co is expected to report their next financial numbers on August 08, 2023. It would be wise to monitor the company's performance until then and analyze their next earnings report before making an investment decision.
In conclusion, while Prime Meridian Holding Co may seem promising with its high return on equity, it is important to take a cautious approach when investing and fully analyze the company's financial performance.






 

Prime Meridian Holding Co's Segments
 
 
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  Company Estimates  
  Revenue Outlook
Prime Meridian Holding Co does not provide revenue guidance.

Earnings Outlook
Prime Meridian Holding Co does not provide earnings estimates.

 
Geographic Revenue Dispersion




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