Primis Financial Q3 EPS $0.31, up 55% YoY; net income $7.6M; declares $0.10 dividend

Primis Financial Corp.

2023-Q3 EPS reported $0.09

Diluted EPS of $0.31 vs $0.20 in Q3 2022, a 55% increase; net income $7.6M vs $5.0M.
Net interest margin expanded to 3.02% from 2.65% linked quarter; noninterest expense fell to $25.9M from $30.6M.
Nonperforming assets (ex-SBA) dropped 21% to $19.6M; pro forma NPAs $6.5M after Oct resolution.
Quarterly cash dividend of $0.10/share declared, payable Nov 24, 2023 to holders of record Nov 10.
Community bank attracted $50M in new deposits at 0.39% cost; digital platform opened 1,369 new accounts.

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 0.95

Primis Financial Corp. reported the three months ended September 30, 2023 results: net income $7.6 million, EPS $0.31.

Period: the three months ended September 30, 2023
Net income: $7.6 million
EPS: $0.31
Result: reported results

Exact text from the filing

On October 26, 2023, Primis Financial Corp. (“Primis” or the “Company”) issued a press release announcing its financial results for the three months ended September 30, 2023.

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Primis Financial Corp. filing history →

Source: SEC EDGAR

accession 0000950170-23-055643

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