---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-001251"
form_type: "8-K"
ticker: "FRST"
cik: "0001325670"
company_name: "Primis Financial Corp."
filed_at: "2023-01-26T23:59:59+00:00"
generated_at: "2026-06-20T07:59:31.528966+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-23-001251
- form_type: 8-K
- ticker: FRST
- cik: 0001325670
- company_name: Primis Financial Corp.
- filed_at: 2023-01-26T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1325670/000095017023001251/0000950170-23-001251-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1325670/000095017023001251/frst-20230112.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-001251
- JSON: https://secwatch.observer/filing/0000950170-23-001251.json
- Plain text: https://secwatch.observer/filing/0000950170-23-001251.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1325670/000095017023001251/0000950170-23-001251-index.htm
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1325670/000095017023001251/0000950170-23-001251-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.