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.

Earnings data Q4 2020

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Earnings data Q1 2024

FRST reports $5.7M net income in Q1 2023, driven by Digital Platform success

FRST's Q1 2023 earnings call showcased strong financial performance, driven by the success of its Digital Platform and strategic focus on non-interest-bearing deposits and mortgage strategies. While the bank faces challenges in managing expenses and profitability outlook, it has opportunities to further capitalize on its Digital Platform and engage with stakeholders for continued growth.

FRST reports strong Q2 performance, faces challenges in achieving profitability

FRST's Q2 2023 earnings call highlighted strong performance, with a focus on cost savings, credit quality improvements, and the gain-on-sale strategy. The bank faces challenges in addressing employee fraud and achieving pretax profitability in the mortgage business. However, opportunities exist for continued growth in the digital platform and improvements in cost-saving initiatives.

FRST reports robust Q3 earnings, focuses on expense management

FRST's Q3 performance showcased strong earnings, stable assets, and a focus on expense management. While facing challenges with deposit management and credit losses, the company is poised to capitalize on opportunities for improved profitability and efficiency.

Primis Financial Corp. reports mixed Q4 results, highlights strengths and challenges

Primis Financial Corp. faced challenges with a pretax loss in mortgage but demonstrated strengths in strong liquidity and capital, improved core deposits, and outstanding performance in national divisions. The company has opportunities to address concerns raised during the Q&A session and further optimize its performance.

Primis Financial Corp. reports strong Q1 performance and eyes growth opportunities

Primis Financial Corp. delivered a solid performance in Q1 2024, with improvements in key divisions and financial metrics. While facing challenges in net interest income and credit losses, the company is poised for growth through increased loan balances and strategic opportunities.

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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

MCLEAN, Va. , April 9, 2024 /PRNewswire/ -- On April 4, 2024, Primis Financial Corp. (NASDAQ: FRST) ("Primis" or the "Company") received a letter (the "Letter") from The NASDAQ Stock Market LLC ("NASDAQ") indicating that, as a result of not having timely filed its Annual Report on Form 10-K for the year ended December 31, 2023 (the "2023 Form 10-K") with the Securities and Exchange Commission (the "SEC"), the Company is not in compliance with NASDAQ Listing Rule 5250(c)(1), which requires timely filing of all required periodic financial reports with the SEC.

Primis Financial Corp. Announces Notification of Delinquency with Nasdaq

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.

Primis Financial Corp. Reports Earnings per Share for the Fourth Quarter of 2023

Get a deeper insight into the potential performance of Primis Financial (FRST) for the quarter ended December 2023 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.

Countdown to Primis Financial (FRST) Q4 Earnings: Wall Street Forecasts for Key Metrics

MCLEAN, Va. , Jan. 8, 2024 /PRNewswire/ -- Primis Financial Corp. (NASDAQ: FRST) (the "Company") today announced that it will release fourth quarter 2023 results after the market closes on Thursday, January 25, 2024.

Primis Financial Corp. Announces Date for Fourth Quarter 2023 Earnings Release and Conference Call

Primis Financial (FRST) Is a Great Choice for 'Trend' Investors, Here's Why

Primis Financial (FRST) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.

Primis Financial (FRST) Soars 5.8%: Is Further Upside Left in the Stock?

MCLEAN, Va. , Dec. 21, 2023 /PRNewswire/ -- Primis Financial Corp. (NASDAQ: FRST) ("Primis" or the "Company"), today announced that the board of directors of the Company (the "Board") approved a new 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

Here's Why Momentum in Primis Financial (FRST) Should Keep going

Primis Financial Corp. (FRST) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, FRST's 50-day simple moving average broke out above its 200-day moving average; this is known as a "golden cross.

After Golden Cross, Primis Financial (FRST)'s Technical Outlook is Bright

Primis Financial (FRST) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might help the stock continue moving higher in the near term.

Strength Seen in Primis Financial (FRST): Can Its 5.2% Jump Turn into More Strength?

MCLEAN, Va. , Nov. 9, 2023 /PRNewswire/ -- Primis Financial Corp. (NASDAQ: FRST) ("Primis" or the "Company"), and its wholly-owned subsidiary, Primis Bank (the "Bank"), today amended its previously announced financial results for the three and nine months ended September 30, 2023.

Primis Financial Corp. Issues Revised Results for the Third Quarter of 2023

The average of price targets set by Wall Street analysts indicates a potential upside of 27.4% 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.

How Much Upside is Left in Primis Financial (FRST)? Wall Street Analysts Think 27.35%

Primis Financial Corp. (NASDAQ:FRST ) Q3 2023 Results Conference Call October 27, 2023 10:00 AM ET Company Participants Matt Switzer - CFO Dennis Zember - President and CEO Conference Call Participants Casey Whitman - Piper Sandler Feddie Strickland - Janney Montgomery Scott Operator Hello, my name is Krista, and I'll be your conference operator today. At this time, I would like to welcome everyone to the Primis Financial Corporation Third Quarter Earnings Call.

Primis Financial Corp. (FRST) Q3 2023 Earnings Call Transcript

The headline numbers for Primis Financial (FRST) give insight into how the company performed in the quarter ended September 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Primis Financial (FRST) Reports Q3 Earnings: What Key Metrics Have to Say

Primis Financial (FRST) came out with quarterly earnings of $0.32 per share, beating the Zacks Consensus Estimate of $0.18 per share. This compares to earnings of $0.21 per share a year ago.

News for Primis Financial Corp. Stock (FRST)