secwatch.observer — SEC 8-K summary
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Issuer:     Primis Financial Corp. (FRST)
CIK:        0001325670
Form:       8-K
Filed at:   2023-10-26T23:59:59+00:00
Accession:  0000950170-23-055643
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1325670/000095017023055643/0000950170-23-055643-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1325670/000095017023055643/frst-20231026.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-055643

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