secwatch.observer — SEC 8-K summary
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Issuer:     Primis Financial Corp. (FRST)
CIK:        0001325670
Form:       8-K
Filed at:   2024-04-25T23:59:59+00:00
Accession:  0001104659-24-052048
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Primis Financial reports preliminary Q1 EPS $0.26, declares $0.10 dividend; SEC pre-clearance ongoing
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- Preliminary Q1 2024 diluted EPS $0.26 vs $0.23 YoY; net income available to common $6.3M.
- Results are preliminary and subject to restatement due to ongoing SEC pre-clearance process on consumer loan portfolio accounting.
- Pre-tax income $6.4M; adjusted pre-tax $9.0M after excluding $2.0M PFH losses and $0.6M advisory costs.
- Board declared $0.10 per share cash dividend payable May 24, 2024 to holders of record May 10, 2024.
- Total assets $3.92B, loans $3.22B, deposits $3.31B; net interest margin 3.18% vs 3.16% YoY.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1325670/000110465924052048/0001104659-24-052048-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1325670/000110465924052048/tm2412709d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-052048

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