---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-041395"
form_type: "8-K"
ticker: "FRST"
cik: "0001325670"
company_name: "Primis Financial Corp."
filed_at: "2025-04-29T23:59:59+00:00"
generated_at: "2026-05-23T03:32:21.584960+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Primis Financial Q1 net income $2.7M vs. Q4 loss $23.3M; declares $0.10 dividend

## Summary
- EPS of $0.11 vs. loss of $0.94 in Q4 2024; normalized net income $5.1M after $1.9M consumer loan provision.
- Net interest margin improved to 3.15% from 2.90% QoQ; cost of deposits fell 28 bps to 2.52%.
- Mortgage lock volume $257M, up 27% QoQ; Primis Mortgage earned $0.8M pre-tax vs. $0.4M loss in Q4.
- Nonperforming assets remain low at 0.28% of total assets; core net charge-offs 0.06% of avg loans.
- Expects $6-7M annual core consolidation savings; normalized ROA of 0.56% in Q1 2025.

## SEC filing metadata
- accession: 0001104659-25-041395
- form_type: 8-K
- ticker: FRST
- cik: 0001325670
- company_name: Primis Financial Corp.
- filed_at: 2025-04-29T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1325670/000110465925041395/0001104659-25-041395-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1325670/000110465925041395/tm2513540d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-041395
- JSON: https://secwatch.observer/filing/0001104659-25-041395.json
- Plain text: https://secwatch.observer/filing/0001104659-25-041395.txt

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