---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-041314"
form_type: "8-K/A"
ticker: "FRST"
cik: "0001325670"
company_name: "Primis Financial Corp."
filed_at: "2025-04-29T23:59:59+00:00"
generated_at: "2026-05-23T03:32:18.194424+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Primis restates Q4 2024 net loss to $23.3M; amends for reserve and fraud adjustments

## Summary
- Net loss of $0.94 per diluted share for Q4 2024 vs $0.33 loss a year ago; full-year loss $0.66 vs $0.32.
- Amended to increase reserves for one credit and fraud losses; reclassified $133M in consumer loans to held for sale.
- Consumer program winddown drove $20M additional provision/charge-offs in Q4; program ceased origination Jan 31, 2025.
- Quarterly dividend declared $0.10 per share payable Feb 26, 2025; book value $14.23, tangible book $10.42.
- Core bank deposit cost 1.87%; mortgage warehouse launched with $400M committed lines; Panacea loans $434M.

## SEC filing metadata
- accession: 0001104659-25-041314
- form_type: 8-K/A
- ticker: FRST
- cik: 0001325670
- company_name: Primis Financial Corp.
- filed_at: 2025-04-29T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1325670/000110465925041314/0001104659-25-041314-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1325670/000110465925041314/tm2511093d1_8ka.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-041314
- JSON: https://secwatch.observer/filing/0001104659-25-041314.json
- Plain text: https://secwatch.observer/filing/0001104659-25-041314.txt

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