Prime Meridian Holding Company Reports First Quarter 2023 Results

Prime Meridian Holding Company (OTCQX: PMHG), the parent bank holding company for Prime Meridian Bank, recently announced unaudited financial results for the quarter ended March 31, 2023. The Company reported net earnings of $2,501,000, or $0.79 per basic and $0.78 per diluted share, for the quarter ended March 31, 2023, compared to net earnings of $2,241,000 or $0.71 per basic and diluted share, for the quarter ended March 31, 2022. 

“We remain fully committed to our relationship banking strategy despite recent disruptive forces in the industry and general economy,” said Sammie D. Dixon, Jr., Vice Chairman, President, and CEO regarding the Company’s first quarter results.

“We continue to focus on growing client relationships and providing exceptional service through all economic cycles.  Our core principles guide us every day to do the right thing for our clients, our employees, our shareholders.  That’s what community banking is all about,” he stressed.

“So long as we keep these core principles top of mind- layered with strong capital, liquidity, and credit metrics- we feel confident about our position in the markets we serve and about the opportunities ahead,” he added.

Headquartered in Tallahassee, Florida, Prime Meridian Holding Company (OTCQX: PMHG) offers a broad range of banking services through its wholly owned subsidiary, Prime Meridian Bank, a Florida state-chartered non-member bank.

Founded in 2008, the Bank now serves the Tallahassee and Lakeland/Winter Haven Metropolitan Statistical Areas (MSA), including clients in North and Central Florida as well as South Georgia and South Alabama. The Bank currently has four Florida locations: two in Tallahassee, Florida, one in Crawfordville, Florida, and one in Lakeland, Florida. As of March 31, 2023, the Bank had 109 full-time equivalent employees.