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., July 29, 2021 /PRNewswire/ -- Primis Financial Corp. (NASDAQ: FRST) ("Primis" or the "Company"), and its wholly-owned subsidiary Primis Bank (the "Bank"), today reported net income of $10.3 million for the quarter ended June 30, 2021, compared to $9.4 million for the quarter ended March 31, 2021.

Primis Financial Corp. Reports Diluted Earnings per Share of $0.42 for the Second Quarter of 2021

LITTLE ROCK, Ark., July 27, 2021 /PRNewswire/ -- Panacea Financial (Panacea), a division of Primis that provides financial services for doctors-in-training and practicing doctors, today announced the launch of Panacea Practice Solutions ("PPS") as the commercial division of Panacea.

Panacea Financial Announces Launch of Panacea Practice Solutions

Primis Financial (FRST) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Primis Financial (FRST) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

MCLEAN, Va., July 8, 2021 /PRNewswire/ -- Primis Financial Corp. (NASDAQ: FRST) (the "Company") today announced that it will release second quarter 2021 results after the market closes on Thursday, July 29, 2021.

Primis Financial Corp. Announces Date for Second Quarter 2021 Earnings Release and Conference Call

MCLEAN, Va., June 15, 2021 /PRNewswire/ -- Primis Financial Corp. (NASDAQ: FRST) ("Primis" or the "Company"), and its wholly-owned subsidiary Primis Bank, announced today that it has appointed Dr. Allen R.

Primis Financial Corp. Announces Appointment of New Board Members Allen Jones and John Eggemeyer

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Is Primis Financial (FRST) a Good Value Investor Stock Now?

LITTLE ROCK, Ark., May 24, 2021 /PRNewswire/ -- Panacea Financial (Panacea), a division of Primis that provides financial services for medical students, residents/fellows and attending physicians, today announced a partnership with Accountants and Business Advisors (ABA) as a preferred banking and lending provider to their 700 physician practices and >4,000 physician clients across the country.

Panacea Financial Announces Partnership with Accountants and Business Advisors (ABA)

LITTLE ROCK, Ark., May 4, 2021 /PRNewswire/ -- Panacea Financial (Panacea), a division of Primis that provides financial services for medical students, residents/fellows and attending physicians, today announced a partnership with LocumTenens.com, a leading physician and advanced practitioner staffing agency serving thousands of clinicians annually, as a preferred banking and lending provider.

Panacea Financial Announces Partnership with LocumTenens.com

MCLEAN, Va., April 29, 2021 /PRNewswire/ -- Primis Financial Corp. (NASDAQ: FRST) ("Primis" or the "Company"), and its wholly-owned subsidiary Primis Bank (the "Bank"), today reported net income of $9.4 million for the quarter ended March 31, 2021, compared to $27 thousand for the quarter ended March 31, 2020.

Primis Financial Corp. Reports Diluted Earnings per Share of $0.38 for the First Quarter of 2021

News for Primis Financial Corp. Stock (FRST)