Primis Financial Corp.

Primis Financial Corp. is a holding company, which engages in the provision of financial services through its subsidiary Sonabank. The firm focuses on making loans secured primarily by commercial real estate and other types of secured and unsecured commercial loans to small and medium-sized businesses in a number of industries, as well as loans to individuals for a variety of purposes. It also invests in real estate related securities, including collateralized mortgage obligations and agency mortgage backed securities. The company was founded by Georgia S. Derrico and R. Roderick Porter in July 28, 2004 and is headquartered in McLean, VA.

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Primis Financial Corp. reports strong Q4 performance and eyes growth

Primis Financial Corp. delivered a strong performance in Q4 2022 with notable loan growth and strategic investments in growth areas.
While facing challenges such as increased credit loss provisions and expense management, the company is well-positioned to capitalize on opportunities in new business lines and digital banking.
Management's proactive approach to credit quality and risk management underscores a commitment to sustainable growth and profitability in the coming year.

Primis Financial Corp. reports $5.7M net income, focuses on digital growth

Primis Financial Corp. showcased resilience in net income despite one-time costs, with Core Bank and Digital Platform driving positive performance.
Strong pipelines in Panacea and Life Premium Finance units, along with successful deposit-raising efforts, position the company for growth.
Challenges in cost management and effective communication of safety measures present areas for improvement, while opportunities in digital expansion and customer trust are key focus areas.

Primis Financial Corp. reports robust Q2 performance amid challenges

Primis Financial Corp. showcased strong performance in Q2 with a focus on cost savings, credit quality, and digital success amidst challenges.
Management's strategic strengths in branch consolidations, gain-on-sale strategy, and profitability goals position the company for future growth.
Challenges from COVID impact, employee fraud incidents, and analyst inquiries highlight areas for improvement and risk management.
Opportunities in leveraging digital platforms, mortgage business profitability, and customer-centric strategies can drive sustained growth and success.

Primis Financial Corp. reports stellar Q3 performance and growth prospects

Primis Financial Corp. demonstrated robust performance across its core banking, digital, and lending divisions, with a focus on profitability and efficiency.
The company's strengths lie in its liquidity, low nonperforming assets, and strong customer retention, presenting a solid foundation for future growth.
While challenges exist in maintaining growth momentum, opportunities in digital expansion and strategic partnerships offer avenues for continued success and profitability.

Primis Financial Corp. reports mixed Q4 results, eyes growth opportunities

Primis Financial Corp. navigated challenges in the mortgage division but showcased overall improvements in key financial metrics. With a focus on core deposit growth and strong divisional performances, the company remains optimistic about future profitability and growth opportunities.

Primis Financial Corp. reports strong Q1 performance and growth opportunities

Primis Financial Corp. demonstrated resilience and growth in Q1 2024, with improvements in core earnings and total assets. While facing challenges in net interest income and credit risk exposure, the company has opportunities to optimize margins and enhance credit quality. Strategic focus on key divisions and capital allocation can drive future success.

Primis Financial Corp. (FRST) reports robust Q2 earnings growth

Primis Financial Corp. (FRST) delivered a strong performance in Q2 2024, marked by improved earnings, solid margins, and a focus on growth strategies. While challenges in achieving targeted loan growth exist, the company's emphasis on core profitability and value creation presents promising opportunities for future success.

Primis Financial Corp. reports solid Q3 earnings amidst accounting challenges

Primis Financial Corp. delivered solid Q3 performance with core earnings of $10 million, driven by consumer program contributions and growth in the Panacea division. The company faces challenges in managing accounting corrections and controlling expenses but sees opportunities in new commercial relationships and cost optimization. Transparency through forward-looking statements and a focus on core bank performance are key strengths for Primis Financial Corp.

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MCLEAN, Va. , Dec. 19, 2024 /PRNewswire/ -- Primis Financial Corp. (NASDAQ: FRST) ("Primis" or the "Company"), today announced that the board of directors of the Company (the "Board") approved a stock repurchase program for up to 740,600 of the outstanding shares of the Company's common stock (the "Stock Repurchase Program").

Primis Financial Corp. Announces Reauthorization of Stock Repurchase Program and Compliance with Nasdaq Listing Rules

MCLEAN, Va. , Nov. 27, 2024 /PRNewswire/ -- Primis Financial Corp. (NASDAQ: FRST) ("Primis" or the "Company") announced today that, as expected, it received a notice (the "Additional Notice") from Nasdaq indicating that the Company remains noncompliant with Nasdaq Listing Rule 5250(c)(1) because the Company has not filed its Quarterly Report on Form 10-Q for the quarter ended June 30, 2024 (the "Q2 Form 10-Q") and Quarterly Report on Form 10-Q for the quarter ended September 30, 2024 (the "Q3 Form 10-Q", and together with the Q2 Form 10-Q, the "Form 10-Qs").

Primis Financial Corp. Receives Nasdaq Notice Regarding Delayed 10-Q Filing

Primis Financial Corp. (NASDAQ:FRST ) Q3 2024 Earnings Conference Call October 25, 2024 10:00 AM ET Company Participants Matthew Switzer - Chief Financial Officer Dennis Zember - President and Chief Executive Officer Conference Call Participants Nicholas Lorenzoni - Stephens Inc. Christopher Marinac - Janney Montgomery Scott Operator Thank you for standing by. My name is Ian, and I will be your conference operator today.

Primis Financial Corp. (FRST) Q3 2024 Earnings Call Transcript

MCLEAN, Va. , Oct. 24, 2024 /PRNewswire/ -- Primis Financial Corp. (NASDAQ: FRST) ("Primis" or the "Company") today announced it received a notice from Nasdaq indicating that the temporary stay of delisting of the Company's common stock has been extended pending a hearing before the Nasdaq Hearings Panel (the "Panel") on December 3, 2024, and the issuance of a final Panel decision.

Primis Financial Corp. Announces Receipt of Stay Extension

Announces Sale of Life Premium Finance Division Announces Expansion of Mortgage Warehouse Lending Team Declares Quarterly Cash Dividend of $0.10 Per Share MCLEAN, Va. , Oct. 24, 2024 /PRNewswire/ -- Primis Financial Corp. (NASDAQ: FRST) ("Primis" or the "Company"), and its wholly-owned subsidiary, Primis Bank (the "Bank"), today reported net income available to common shareholders of $1.2 million or $0.05 per diluted share for the quarter ended September 30, 2024, compared to a net loss available to common shareholders of $6.0 million or $0.24 per diluted share for the quarter ended September 30, 2023.

Primis Financial Corp. Reports Earnings per Share for the Third Quarter of 2024

MCLEAN, Va. , Oct. 9, 2024 /PRNewswire/ -- Primis Financial Corp. (NASDAQ: FRST) ("Primis" or the "Company") today provided an update on its delinquent filings and process for regaining compliance with Nasdaq listing requirements.

Primis Financial Corp. Provides Progress Report on Filings and Compliance with Nasdaq Listing Requirements

MCLEAN, Va. , Oct. 8, 2024 /PRNewswire/ -- Primis Financial Corp. (NASDAQ: FRST) (the "Company") today announced that it will release third quarter 2024 results after the market closes on Thursday, October 24, 2024.

Primis Financial Corp. Announces Date for Third Quarter 2024 Earnings Release and Conference Call

MCLEAN, Va. , Aug. 27, 2024 /PRNewswire/ -- On August 21, 2024, Primis Financial Corp. (NASDAQ: FRST) ("Primis" or the "Company") received an expected delinquency notification letter (the "Letter") from Nasdaq's Listing Qualifications Department which indicated that the Company was not in compliance with Nasdaq Listing Rule 5250(c)(1) (the "Listing Rule") as a result of the Company's failure to timely file its Quarterly Report on Form 10-Q for the quarter ended June 30, 2024 ("Second Quarter 10-Q") and its continued delay in filing its Annual Report on Form 10-K for the year ended December 31, 2023 ("Annual Report") and Quarterly Report on Form 10-Q for the quarter ended March 31, 2024 ("First Quarter 10-Q").

Primis Financial Corp. Announces Notification of Delinquency with Nasdaq

MCLEAN, Va. , Aug. 12, 2024 /PRNewswire/ -- Primis Financial Corp. (NASDAQ: FRST) ("Primis" or the "Company"), and its wholly-owned subsidiary, Primis Bank (the "Bank"), today provided an update on its consultation process with the Office of the Chief Accountant of the Securities and Exchange Commission ("SEC") regarding the accounting for a consumer loan portfolio originated and serviced through a third-party (the "Program").

Primis Financial Corp. Provides Update on Delayed Filing Process

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Primis Financial Corp. (NASDAQ:FRST ) Q2 2024 Earnings Conference Call July 26, 2024 10:00 AM ET Company Participants Dennis Zember - President and Chief Executive Officer Matthew Switzer - Chief Financial Officer Conference Call Participants Christopher Marinac - Janney Montgomery Scott Russell Gunther - Stephens Operator Thank you for standing by. My name is Kayla, and I will be your conference operator today.

Primis Financial Corp. (FRST) Q2 2024 Earnings Call Transcript

Declares Quarterly Cash Dividend of $0.10 Per Share MCLEAN, Va. , July 25, 2024 /PRNewswire/ -- Primis Financial Corp. (NASDAQ: FRST) ("Primis" or the "Company"), and its wholly-owned subsidiary, Primis Bank (the "Bank"), today reported preliminary results for the second quarter of 2024.

Primis Financial Corp. Reports Preliminary Earnings Per Share for the Second Quarter of 2024

MCLEAN, Va. , July 11, 2024 /PRNewswire/ -- Primis Financial Corp. (NASDAQ: FRST) (the "Company") today announced that it will release second quarter 2024 results after the market closes on Thursday, July 25, 2024.

Primis Financial Corp. Announces Date for Second Quarter 2024 Earnings Release and Conference Call

Panacea Financial to provide ASDA members with financial services specifically tailored to the needs of dental students. LITTLE ROCK, Ark.

Panacea Financial Announces Partnership with American Student Dental Association

Primis Financial Corp. (NASDAQ:FRST ) Q1 2024 Earnings Conference Call April 26, 2024 10:00 AM ET Company Participants Matt Switzer - Chief Financial Officer Dennis Zember - President and Chief Executive Officer Conference Call Participants Casey Whitman - Piper Sandler Christopher Marinac - Janney Montgomery Scott Russell Gunther - Stephens Operator Thank you for standing by. My name is John, and I will be your conference operator for today.

Primis Financial Corp. (FRST) Q1 2024 Earnings Call Transcript

Declares Quarterly Cash Dividend of $0.10 Per Share MCLEAN, Va. , April 25, 2024 /PRNewswire/ -- Primis Financial Corp. (NASDAQ: FRST) ("Primis" or the "Company"), and its wholly-owned subsidiary, Primis Bank (the "Bank"), today reported preliminary results for the first quarter of 2024.

Primis Financial Corp. Reports Preliminary Earnings Per Share for the First Quarter of 2024

MCLEAN, Va. , April 18, 2024 /PRNewswire/ -- Primis Financial Corp. (NASDAQ: FRST) (the "Company") today announced that it will release first quarter 2024 results after the market closes on Thursday, April 25, 2024.

Primis Financial Corp. Announces Date for First Quarter 2024 Earnings Release and Conference Call

The consensus price target hints at a 27.6% upside potential for Primis Financial (FRST). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.

Does Primis Financial (FRST) Have the Potential to Rally 27.63% as Wall Street Analysts Expect?

Primis Financial (FRST) made it through our "Recent Price Strength" screen and could be a great choice for investors looking to make a profit from stocks that are currently on the move.

Primis Financial (FRST) is on the Move, Here's Why the Trend Could be Sustainable

The average of price targets set by Wall Street analysts indicates a potential upside of 25.4% in Primis Financial (FRST). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

Wall Street Analysts Predict a 25.4% Upside in Primis Financial (FRST): Here's What You Should Know

If you are looking for stocks that are well positioned to maintain their recent uptrend, Primis Financial (FRST) could be a great choice. It is one of the several stocks that passed through our "Recent Price Strength" screen.

Recent Price Trend in Primis Financial (FRST) is Your Friend, Here's Why

Primis Financial Corp. (FRST) Q4 2023 Earnings Call Transcript

While the top- and bottom-line numbers for Primis Financial (FRST) give a sense of how the business performed in the quarter ended December 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Primis Financial (FRST) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates

Primis Financial (FRST) came out with quarterly earnings of $0.35 per share, beating the Zacks Consensus Estimate of $0.28 per share. This compares to earnings of $0.03 per share a year ago.

Primis Financial (FRST) Surpasses Q4 Earnings and Revenue Estimates

Announces Investment in Panacea Financial Holdings, Inc. Declares Quarterly Cash Dividend of $0.10 Per Share MCLEAN, Va. , Jan. 25, 2024 /PRNewswire/ -- Primis Financial Corp. (NASDAQ: FRST) ("Primis" or the "Company"), and its wholly-owned subsidiary, Primis Bank (the "Bank"), today reported net income available to common shareholders of $8.1 million or $0.33 per diluted share for the quarter ended December 31, 2023, compared to net income available to common shareholders of $3.0 million or $0.12 per diluted share for the quarter ended December 31, 2022.

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