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., April 15, 2025 /PRNewswire/ -- Primis Financial Corp. (NASDAQ:FRST) (the "Company") today announced that it will release first quarter 2025 results after the market closes on Tuesday, April 29, 2025. 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 Wednesday, April 30, 2025. The webcast of the earnings call can be found at the following address: https://events.q4inc.com/attendee/478210319 To participate in the call, please use one of the following telephone numbers and reques
MCLEAN, Va., April 14, 2025 /PRNewswire/ -- As previously disclosed on the Form 8-K dated April 9, 2025, Primis Financial Corp. (NASDAQ:FRST) (the "Company"), submitted a hearing request ("Hearing Request") to The Nasdaq Stock Market LLC ("Nasdaq") appealing Nasdaq's delisting determination and requesting a stay of delisting of the Company's securities pending a final written decision by the Nasdaq Hearings Panel (the "Panel"). On April 10, the Company received a response letter from the Nasdaq Hearings Advisor setting the hearing for Thursday, May 15, 2025 and staying the del
MCLEAN, Va., April 9, 2025 /PRNewswire/ -- Primis Financial Corp. (NASDAQ:FRST) ("Primis" or the "Company") announced today that, as expected, it received a notice on April 3, 2025 (the "Notice") from Nasdaq indicating that the Company is not in compliance with Nasdaq Listing Rule 5250(c)(1) (the "Listing Rule"), which requires listed companies to timely file all periodic reports with the Securities and Exchange Commission (the "SEC"), as it has failed to timely file its Form 10-K for the period ending December 31, 2024 (the "Form 10-K"), which the Company previously disclosed on Form 12b-25, as filed with the SEC on April 1, 2025, as amended. As previously disclosed, the Company is subjecte
Declares Quarterly Cash Dividend of $0.10 Per Share MCLEAN, Va., Jan. 28, 2025 /PRNewswire/ -- Primis Financial Corp. (NASDAQ:FRST) ("Primis" or the "Company"), and its wholly-owned subsidiary, Primis Bank (the "Bank"), today reported a net loss available to common shareholders of $14.7 million or $0.59 loss per basic and diluted share for the quarter ended December 31, 2024, compared to a net loss available to common shareholders of $8.2 million or $0.33 loss per basic and diluted share for the quarter ended December 31, 2023. For the full year of 2024, the Company reported a net loss available to common shareholders and loss per basic and diluted share of $7.5 million and $0.31, respecti
MCLEAN, Va., Jan. 15, 2025 /PRNewswire/ -- Primis Financial Corp. (NASDAQ:FRST) (the "Company") today announced that it will release fourth quarter 2024 results after the market closes on Tuesday, January 28, 2025. 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 Wednesday, January 29, 2025. The webcast of the earnings call can be found at the following address: https://events.q4inc.com/attendee/384098079 To participate in the call, please use one of the following telephone numbers and req
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"). The Stock Repurchase Program will begin on December 19, 2024 and conclude on December 19, 2025, subject to the earlier termination or extension of the Stock Repurchase Program by the Board or the total shares designated for the Stock Repurchase Program are depleted.
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"). Nasdaq Listing Rule 5250(c)(1) requires listed companies to timely file all periodic reports with the Securities and Exchange Commission
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., 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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MCLEAN, Va., April 15, 2025 /PRNewswire/ -- Primis Financial Corp. (NASDAQ:FRST) (the "Company") today announced that it will release first quarter 2025 results after the market closes on Tuesday, April 29, 2025. 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 Wednesday, April 30, 2025. The webcast of the earnings call can be found at the following address: https://events.q4inc.com/attendee/478210319 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., Jan. 28, 2025 /PRNewswire/ -- Primis Financial Corp. (NASDAQ:FRST) ("Primis" or the "Company"), and its wholly-owned subsidiary, Primis Bank (the "Bank"), today reported a net loss available to common shareholders of $14.7 million or $0.59 loss per basic and diluted share for the quarter ended December 31, 2024, compared to a net loss available to common shareholders of $8.2 million or $0.33 loss per basic and diluted share for the quarter ended December 31, 2023. For the full year of 2024, the Company reported a net loss available to common shareholders and loss per basic and diluted share of $7.5 million and $0.31, respecti
MCLEAN, Va., Jan. 15, 2025 /PRNewswire/ -- Primis Financial Corp. (NASDAQ:FRST) (the "Company") today announced that it will release fourth quarter 2024 results after the market closes on Tuesday, January 28, 2025. 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 Wednesday, January 29, 2025. The webcast of the earnings call can be found at the following address: https://events.q4inc.com/attendee/384098079 To participate in the call, please use one of the following telephone numbers and req
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
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