---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-006845"
form_type: "8-K"
ticker: "FRST"
cik: "0001325670"
company_name: "Primis Financial Corp."
filed_at: "2024-01-26T23:59:59+00:00"
generated_at: "2026-06-06T16:28:09.277949+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Primis Financial Q4 EPS $0.33 vs $0.12 YoY; declares $0.10 dividend; invests in Panacea Financial

## Summary
- Net income $8.1M ($0.33 diluted) for Q4 2023, up from $3.0M ($0.12) in Q4 2022.
- Net interest margin improved to 3.36% (3.09% excl. accretion) from 3.01% in Q3 2023; core expense burden fell to $18.7M.
- Primis acquired ~19% of Panacea Financial Holdings (implied value ~$20M) for immaterial price; PFH completed $24.5M Series B.
- Quarterly dividend $0.10 declared, payable Feb 23, 2024 to shareholders of record Feb 9, 2024.
- Nonperforming assets (ex SBA) dropped 61% to $7.7M; tangible common equity ratio 7.99%.

## SEC filing metadata
- accession: 0001104659-24-006845
- form_type: 8-K
- ticker: FRST
- cik: 0001325670
- company_name: Primis Financial Corp.
- filed_at: 2024-01-26T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- 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/1325670/000110465924006845/0001104659-24-006845-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1325670/000110465924006845/tm244186d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-006845
- JSON: https://secwatch.observer/filing/0001104659-24-006845.json
- Plain text: https://secwatch.observer/filing/0001104659-24-006845.txt

## Key facts
- Earnings Releases
  Primis Financial Corp. reported the quarter ended December 31, 2023 results: net income $8.1 million, EPS $0.33 per diluted share.
  - Period: the quarter ended December 31, 2023
  - Net income: $8.1 million
  - EPS: $0.33 per diluted share
  - Result: reported results
  source text: net income available to common shareholders of $8.1 million or $0.33 per diluted share for the quarter ended December 31, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1325670/000110465924006845/0001104659-24-006845-index.htm
- Earnings Releases
  Primis Financial Corp. reported the year-to-date period in 2023 results: net income $9.9 million, EPS $0.40.
  - Period: the year-to-date period in 2023
  - Net income: $9.9 million
  - EPS: $0.40
  - Result: reported results
  source text: For the year-to-date period in 2023, the Company reported earnings available to common and diluted earnings per share of $9.9 million and $0.40, respectively
  evidence_url: https://www.sec.gov/Archives/edgar/data/1325670/000110465924006845/0001104659-24-006845-index.htm

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