Primis Financial Q4 EPS $0.12 vs $0.20 Q3; net income $3.1M; dividend $0.10

Primis Financial Corp.

2024-FY EPS reported $0.57

Diluted EPS from continuing ops $0.12 versus $0.20 in Q3 2022 and $0.31 in Q4 2021.
Net interest margin improved to 3.67% from 3.00% a year ago; core NIM 3.51%.
Loans held for investment grew 26.0% in 2022 (30.1% ex-PPP); Panacea and LPF divisions saw strong growth.
Provision for loan losses $7.9M; net charge-offs $5.3M largely from one nonaccrual assisted-living relationship.
Board declared $0.10 per share dividend payable Feb 24, 2023; Primis Mortgage pre-tax loss $2.7M in Q4.

item 2.02 item 7.01 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Primis Financial Corp. reported the twelve months ended December 31, 2022 results: net income $17.7 million, EPS $0.72 on a basic and diluted basis.

Period: the twelve months ended December 31, 2022
Net income: $17.7 million
EPS: $0.72 on a basic and diluted basis
Result: reported results

Exact text from the filing

Net income from continuing operations for the twelve months ended December 31, 2022 was $17.7 million, compared to $31.0 million for the twelve months ended December 31, 2021. EPS from continuing operations for the twelve months ended December 31, 2022 were $0.72 on a basic and diluted basis, compared to $1.28 on a basic and $1.26 on a diluted basis for the twelve months ended December 31, 2021.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Primis Financial Corp. reported the three months ended December 31, 2022 results: net income $3.1 million, EPS $0.13 on a basic and $0.12 on a diluted basis.

Period: the three months ended December 31, 2022
Net income: $3.1 million
EPS: $0.13 on a basic and $0.12 on a diluted basis
Result: reported results

Exact text from the filing

Primis Financial Corp. (NASDAQ: FRST) ("Primis" or the "Company"), and its wholly-owned subsidiary, Primis Bank (the "Bank"), today reported net income from continuing operations of $3.1 million for the quarter ended December 31, 2022, compared to $5.1 million for the quarter ended September 30, 2022 and $7.7 million for the quarter ended December 31, 2021. Earnings per share ("EPS") from continuing operations for the three months ended December 31, 2022 were $0.13 on a basic and $0.12 on a diluted basis, compared to $0.21 on a basic and $0.20 on a diluted basis for the three months ended September 30, 2022 and $0.31 on both a basic and diluted basis for the three months ended December 31, 2021.

View on SEC.gov

Browse all earnings releases →

Primis Financial Corp. filing history →

Source: SEC EDGAR

accession 0000950170-23-001251

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.