---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-111180"
form_type: "8-K"
ticker: "FRST"
cik: "0001325670"
company_name: "Primis Financial Corp."
filed_at: "2024-10-24T23:59:59+00:00"
generated_at: "2026-05-30T10:23:02.446949+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Primis Financial Q3 net income $1.2M; sells Life Premium Finance division to EverBank for $6M premium

## Summary
- Q3 net income available to common $1.2M ($0.05 diluted) vs loss of $6.0M a year ago; operating EPS $0.08 vs $0.21.
- Sells Life Premium Finance division to EverBank for $6M premium; expects $4.5M pre-tax gain in Q4; two closings start Oct 31.
- Declares $0.10 quarterly dividend payable Nov 22 to shareholders of record Nov 8.
- Hires mortgage warehouse lending team from larger bank; yields expected 125-150bps higher than life premium business.
- Provision for loan losses $7.5M (incl $4M consumer program); net charge-offs $8.0M; substandard loans rise to $47.6M.

## SEC filing metadata
- accession: 0001104659-24-111180
- form_type: 8-K
- ticker: FRST
- cik: 0001325670
- company_name: Primis Financial Corp.
- filed_at: 2024-10-24T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- 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/1325670/000110465924111180/0001104659-24-111180-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1325670/000110465924111180/tm2426766d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-111180
- JSON: https://secwatch.observer/filing/0001104659-24-111180.json
- Plain text: https://secwatch.observer/filing/0001104659-24-111180.txt

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