earnings
confidence high
sentiment positive
materiality 0.75
Primis Q1 EPS $0.92, includes $0.81 gain from PFH deconsolidation
Primis Financial Corp.
2025-Q1 EPS reported
$0.92
- Net income $22.6M, diluted EPS $0.92; includes $20.0M after-tax gain on PFH deconsolidation ($0.81/share).
- Normalized earnings (excl. nonrecurring) were $5.1M, resulting in a 0.56% return on assets.
- Net interest margin improved to 3.15% from 2.90% in Q4 2024; cost of deposits fell 28 bps to 2.52%.
- Consumer loan book reclassified to held for investment; net charge-offs improved to $11.3M from $30.9M in Q4 2024.
- Declared quarterly dividend of $0.10 per share, payable May 28 to holders of record May 14.