Primis Financial Corp. operates as the bank holding company for Primis Bank that provides a range of financial services to individuals and small and medium sized businesses in the United States. Its deposit products include noninterest-bearing and interest-bearing checking, commercial checking, money market, and savings accounts, as well as certificates of deposit. The company's loan portfolio comprises commercial mortgage and non-mortgage loans, including commercial real estate loans, construction and permanent loans, development and builder loans, accounts receivable financing, lines of credit, equipment and vehicle loans, leasing, and commercial overdraft protection; construction loans for commercial, multifamily, and other non-residential properties; commercial business loans, such as lines of credit, revolving credit facilities, demand loans, term loans, equipment loans, small business administration loans, stand-by letters of credit, and unsecured loans; residential mortgage lending; and secured and unsecured consumer loans. It also offers cash management services comprising investment/sweep, zero balance, and controlled disbursement accounts; and wire transfer, employer/payroll processing, night depository, lockbox, depository transfer, merchant, ACH origination, check 21 processing, and asset-based lending, as well as Mobiliti, a mobile banking application for personal and business accounts. In addition, the company provides other consumer/retail products and services that include debit and credit cards, ATM services, travelers' checks, notary services, and online banking with bill payment services, as well as Kasasa, a rewards program. As of December 31, 2020, it operated forty-two full-service branches in Virginia and Maryland. Primis Financial Corp. was founded in 2004 and is based in McLean, Virginia.
IPO Year: 2006
Exchange: NASDAQ
Website: primisbank.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/4/2023 | $13.00 | Overweight | Stephens |
| 2/1/2023 | $13.00 → $14.00 | Neutral → Overweight | Piper Sandler |
| 12/5/2022 | $13.00 | Neutral | Piper Sandler |
Stephens initiated coverage of Primis Financial with a rating of Overweight and set a new price target of $13.00
Piper Sandler upgraded Primis Financial from Neutral to Overweight and set a new price target of $14.00 from $13.00 previously
Piper Sandler initiated coverage of Primis Financial with a rating of Neutral and set a new price target of $13.00
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MCLEAN, Va., Oct. 30, 2024 /PRNewswire/ -- Primis Bank is excited to announce the expansion of its Warehouse Lending Division under the leadership of division president Drey Roberts. This expanded team and line of business will give Primis the capabilities to capitalize on this critical section of the mortgage market with offerings that should boost non-CRE oriented loans and commercial deposits. Roberts and his team joined Primis from a large regional bank in Texas, where Roberts was the national sales manager of its successful warehouse lending division for just under a deca
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. Previously, the Company disclosed that, on October 3, 2024, it received a notice (the "Delisting Notice") from Nasdaq indicating that the Company's common stock would be delisted due to noncompliance
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. For the year-to-date period in 2024, the Company reported earnings available to common and
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. On October 4, 2024, Primis filed its restated Annual Report on Form 10-K for the year ended December 31, 2022 and anticipates filing is Annual Report on Form 10-K for the year ended December 31, 2023 on October 11, 2024. The Company is also working diligently to complete its delayed Form 10-Q filings and is targeting filing those by October 31, 2024 at which point the Company will have regained compliance with Nasdaq listing standards. As detailed further below, Prim
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. Following the release, the Company will host a conference call and audio webcast for analysts and investors at 10:00 a.m. Eastern Time on Friday, October 25, 2024. The webcast of the earnings call can be found at the following address: https://events.q4inc.com/attendee/853860984 To participate in the call, please use one of the following telephone numbers and reques
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
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"). On August 9th, the SEC provided its non-objection to the Company's accounting conclusions required to correct the prior accounting for this Program which will allow for the completion of the Company's previously delayed Annual Report on Form 10-K for the year ended Dece
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. As previously discussed in its Form 12b-25/A filed on April 1, 2024, Primis is currently pursuing a 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 through a third-party. This process with the SEC is ongoing and must be completed in order for the Company to complete its Annual Repo
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. Following the release, the Company will host a conference call and audio webcast for analysts and investors at 10:00 a.m. Eastern Time on Friday, July 26, 2024. The webcast of the earnings call can be found at the following address: https://events.q4inc.com/attendee/808999214 To participate in the call, please use one of the following telephone numbers and request
MCLEAN, Va., May 22, 2024 /PRNewswire/ -- On May 16, 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 March 31, 2024 ("Quarterly Report") and its continued delay in filing its Annual Report on Form 10-K for the year ended December 31, 2023 ("Annual Report"). The Listing Rule requires listed companies to timely file all required periodic fin
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. Jones and Mr. John M. Eggemeyer to its Board of Directors. Dr. Allen R. Jones, Jr.is a licensed physical therapist in the Commonwealth of Virginia. Dr. Jones is the owner and CEO of Dominion Physical Therapy, a practice he founded in 1990 and has since expanded to six locations in the Hampton Roads region. With strong ties to its surrounding community, Dominion has nurtured t
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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. For the year-to-date period in 2024, the Company reported earnings available to common and
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. Following the release, the Company will host a conference call and audio webcast for analysts and investors at 10:00 a.m. Eastern Time on Friday, October 25, 2024. The webcast of the earnings call can be found at the following address: https://events.q4inc.com/attendee/853860984 To participate in the call, please use one of the following telephone numbers and reques
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. As previously discussed in its Form 12b-25/A filed on April 1, 2024, Primis is currently pursuing a 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 through a third-party. This process with the SEC is ongoing and must be completed in order for the Company to complete its Annual Repo
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. Following the release, the Company will host a conference call and audio webcast for analysts and investors at 10:00 a.m. Eastern Time on Friday, July 26, 2024. The webcast of the earnings call can be found at the following address: https://events.q4inc.com/attendee/808999214 To participate in the call, please use one of the following telephone numbers and request
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. As previously discussed in its Form 12b-25/A filed on April 1, 2024, Primis is currently pursuing a "pre-clearance" process with the Office of the Chief Accountant of the Securities and Exchange Commission ("SEC") regarding the accounting for a consumer loan portfolio originated through a third-party. This process with the SEC is ongoing and must be completed in order for the Company to complete its Annual Rep
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. Following the release, the Company will host a conference call and audio webcast for analysts and investors at 10:00 a.m. Eastern Time on Friday, April 26, 2024. The webcast of the earnings call can be found at the following address: https://events.q4inc.com/attendee/796190683 To participate in the call, please use one of the following telephone numbers and request
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. For the year-to-date period in 2023, the Company reported earnings available to common and diluted earnings per share of $9.9 million and
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. Following the release, the Company will host a conference call and audio webcast for analysts and investors at 10:00 a.m. Eastern Time on Friday, January 26, 2024. The webcast of the earnings call can be found at the following address: https://events.q4inc.com/attendee/441718411 To participate in the call, please use one of the following telephone numbers and req
MCLEAN, Va., Oct. 12, 2023 /PRNewswire/ -- Primis Financial Corp. (NASDAQ:FRST) (the "Company") today announced that it will release third quarter 2023 results after the market closes on Thursday, October 26, 2023. Following the release, the Company will host a conference call and audio webcast for analysts and investors at 10:00 a.m. Eastern Time on Friday, October 27, 2023. The webcast of the earnings call can be found at the following address: https://events.q4inc.com/attendee/503221631 To participate in the call, please use one of the following telephone numbers and req
MCLEAN, Va., July 10, 2023 /PRNewswire/ -- Primis Financial Corp. (NASDAQ:FRST) (the "Company") today announced that it will release second quarter 2023 results after the market closes on Thursday, July 27, 2023. Following the release, the Company will host a conference call and audio webcast for analysts and investors at 10:00 a.m. Eastern Time on Friday, July 28, 2023. The webcast of the earnings call can be found at the following address: https://events.q4inc.com/attendee/322792474 To participate in the call, please use one of the following telephone numbers and request t
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By the close of today, February 23, 2024, Primis Finl (NASDAQ:FRST) will issue a dividend payout of $0.10 per share, resulting in an annualized dividend yield of 3.17%. This payout is exclusively for shareholders who held the stock before the ex-dividend date on February 08, 2024. Primis Finl Recent Dividend Payouts table { width: 100%; border-collapse: collapse; font-family: Arial, sans-serif; font-size: 14px; } th, td { padding: 8px; text-align: left; } th { background-color: #293a5a; color: #fff; text-align: left; } tr:nth-
Primis Finl (NASDAQ:FRST) reported quarterly adjusted earnings of $0.35 per share which beat the analyst consensus estimate of $0.28 by 25 percent. This is a 191.67 percent increase over earnings of $0.12 per share from the same period last year. The company reported quarterly sales of $39.24 million which beat the analyst consensus estimate of $27.05 million by 45.06 percent. This is a 3.27 percent decrease over sales of $40.56 million the same period last year.
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Primis Finl (NASDAQ:FRST) is set to give its latest quarterly earnings report on Thursday, 2024-01-25. Here's what investors need to know before the announcement. Analysts estimate that Primis Finl will report an earnings per share (EPS) of $0.28. Primis Finl bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter. New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast). Historical Earnings Performance Last quarter the company beat EPS by $0.14, which was followed by a 5.73% increase in the sh
Wednesday marks the last chance for investors to receive the next dividend payout from Primis Finl (NASDAQ:FRST). What's Happening The company announced on Thursday that it would pay shareholders a quarterly dividend of 10 cents per share. On Thursday, Primis Finl will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 10 cents lower than it would have opened on any other day. In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Thursday. Shareholders who own FRST as of the end of Wednesday's session are eligible to receive the 10 cents dividend