2023-04-24 16:46:57 ET
- Potomac Bancshares press release ( OTCPK:PTBS ): Q1 GAAP EPS of $0.49.
- Revenue of $7.86M (+14.7% Y/Y).
- Total assets were $792.3 million as of Q1 2023, compared to $720.4 million as of Q1 2022, an increase of $71.9 million or 10.0%. Total assets were up $36.3 million since Q4 2022, or 4.8%.
- Investment securities were $88.6 million as of Q1 2023, compared to $88.4 million as of Q1 2022. All investment securities are classified as available for sale (AFS).
- Loans were $627.0 million as of Q1 2023, an increase of $103.4 million, or 19.7% over the $523.7 million as of Q1 2022.
- Excluding Paycheck Protection Program Loans ( PPP ), loan growth was $111.7 million or 21.7% since Q1 2022.
- Total deposits grew to $704.7 million as of Q1 2023, up $69.1 million or 10.9% since Q1 2022, and were up $39.2 million since Q4 2022, or 5.9%.
- Tangible capital increased $1.956 million in Q1 2023.
- Return on Assets (ROA) for the first quarter 2023 was 1.09% compared to 0.95% in the first quarter of 2022, and 1.13% in the linked quarter.
- Return on Equity (ROE) for the first quarter was 13.52% compared to 11.14% in the first quarter of 2022, and 14.74% in the linked quarter.
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Potomac Bancshares GAAP EPS of $0.49, revenue of $7.86M