secwatch.observer — SEC 8-K summary
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Issuer:     Primis Financial Corp. (FRST)
CIK:        0001325670
Form:       8-K
Filed at:   2023-01-26T23:59:59+00:00
Accession:  0000950170-23-001251
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1325670/000095017023001251/0000950170-23-001251-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1325670/000095017023001251/frst-20230112.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-001251

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