Primis Financial reports Q4 net loss of $14.7M; moves consumer loans to held-for-sale

Primis Financial Corp.

2024-FY EPS reported -$0.66

Net loss available to common shareholders of $14.7M ($0.59 loss per share) in Q4 2024 vs loss of $8.2M ($0.33) in Q4 2023.
Full-year 2024 net loss of $7.5M ($0.31 per share) vs $7.8M ($0.32) in 2023.
Moved $133M consumer loan portfolio to held-for-sale, incurring $20M additional provision expense and charge-offs.
Sold Life Premium Finance business; launched mortgage warehouse lending targeting up to 15 bps ROAA improvement.
Declared $0.10 quarterly dividend payable Feb 26, 2025 to holders of record Feb 12, 2025.

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