secwatch.observer — SEC 8-K summary
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Issuer:     Primis Financial Corp. (FRST)
CIK:        0001325670
Form:       8-K/A
Filed at:   2025-05-14T23:59:59+00:00
Accession:  0001104659-25-047951
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Primis Q1 EPS $0.92, includes $0.81 gain from PFH deconsolidation
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1325670/000110465925047951/0001104659-25-047951-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1325670/000110465925047951/tm2515010d1_8ka.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-047951

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