{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-23-015407","form_type":"8-K","ticker":"FRST","cik":"0001325670","company_name":"Primis Financial Corp.","filed_at":"2023-04-28T23:59:59+00:00","discovered_at":"2026-05-14T18:03:38.385768+00:00","generated_at":"2026-06-16T06:18:29.736336+00:00","sec_items":["2.02","7.01","8.01","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Primis Financial Q1 net income $5.8M ($0.23 EPS); digital deposits surge to $980M","bullets":["Net income $5.8M, EPS $0.23 basic/diluted vs $0.19 a year ago; revenue including noninterest income $11.5M","Digital platform deposits reached $980M from ~11,500 customers; cost of deposits 4.88%, near Fed Funds","Gross loans-to-deposits ratio improved to 83% from 108% at Dec 31; repaid $340M of short-term borrowings","Cash and equivalents $607M at March 31, up from $78M at year-end 2022; uninsured deposits now 26% of total","Declared quarterly dividend of $0.10/share payable May 26, 2023 to holders of record May 12, 2023"],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-23-015407","json":"https://secwatch.observer/filing/0000950170-23-015407.json","markdown":"https://secwatch.observer/filing/0000950170-23-015407.md","text":"https://secwatch.observer/filing/0000950170-23-015407.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1325670/000095017023015407/0000950170-23-015407-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1325670/000095017023015407/frst-20230427.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-16T06:18:29.736336+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"f505a539ecb0566a0f93efbb4d668583117535f5","claim":"Primis Financial Corp. reported three months ended March 31, 2023 results: net income $5.8 million, EPS $0.23.","evidence_excerpt":"Primis Financial Corp. (NASDAQ: FRST) (\"Primis\" or the \"Company\"), and its wholly-owned subsidiary, Primis Bank (the \"Bank\"), today reported net income of $5.8 million for the quarter ended March 31, 2023, compared to $3.1 million for the quarter ended December 31, 2022 and $4.6 million for the quarter ended March 31, 2022. Earnings per share (\"EPS\") for the three months ended March 31, 2023 were $0.23 on a basic and diluted basis, compared to $0.13 on a basic and $0.12 on a diluted basis for the three months ended December 31, 2022 and $0.19 on both a basic and diluted basis for the three months ended March 31, 2022.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1325670/000095017023015407/0000950170-23-015407-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"three months ended March 31, 2023"},{"label":"Net income","value":"$5.8 million"},{"label":"EPS","value":"$0.23"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}