---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-014170"
form_type: "8-K"
ticker: null
cik: "0001586454"
company_name: "Prime Meridian Holding Co"
filed_at: "2024-05-01T23:59:59+00:00"
generated_at: "2026-06-03T02:50:46.362507+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Prime Meridian Holding Q1 net earnings $0.59/share, down 22.8% YoY; NIM shrinks to 3.51%

## Summary
- Net earnings $1.93M ($0.59 EPS) vs $2.50M ($0.79) in Q1 2023; EPS down 25% YoY.
- Net interest margin 3.51% (Q1 2024) vs 3.92% (Q1 2023) as deposit costs rose 139.9% YoY.
- Gross loans up $20.9M (+3.2%) from Dec 2023; deposits up $3.0M (+0.4%) to $751.7M.
- Noninterest expense up 8.7% YoY to $4.84M; efficiency ratio worsened to 63.81% from 55.72%.
- Book value per share $24.71 (+8.3% from Q1 2023); bank well capitalized with Tier 1 leverage 10.35%.

## SEC filing metadata
- accession: 0001437749-24-014170
- form_type: 8-K
- cik: 0001586454
- company_name: Prime Meridian Holding Co
- filed_at: 2024-05-01T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1586454/000143774924014170/0001437749-24-014170-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1586454/000143774924014170/pmhg20240327_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-014170
- JSON: https://secwatch.observer/filing/0001437749-24-014170.json
- Plain text: https://secwatch.observer/filing/0001437749-24-014170.txt

## Key facts
- Earnings Releases
  Prime Meridian Holding Co reported financial results for the quarter ended March 31, 2024.
  - Period: the quarter ended March 31, 2024
  - Result: reported results
  source text: On May 1, 2024, Prime Meridian Holding Company issued and posted to its website a press release announcing financial results for the quarter ended March 31, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1586454/000143774924014170/0001437749-24-014170-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.