8-K/A
filed August 11, 2025, 7:59 PM ET
ticker FRST
CIK 0001325670
earnings
confidence high
sentiment negative
materiality 0.75
Primis Financial restates Q2 net income to $2.4M on loan downgrades; EPS $0.10
Primis Financial Corp.
2025-Q2 EPS reported
$1.01
- Downgraded three performing loans: $6.4M to special mention, $30.7M office to substandard accruing, $40.1M office to substandard nonaccrual with $7.7M specific reserve.
- Net income for Q2 2025 corrected to $2.4M ($0.10 diluted EPS), down $6.0M from original due to credit adjustments.
- Declared quarterly dividend of $0.10 per share, payable Aug 22 to holders of record Aug 8.
- Primis Mortgage closed $323M in loans (+52% YoY); mortgage warehouse outstandings up 60% QoQ to $185M.
- Panacea loans grew 34% YoY to $505M; total deposits flat YoY with no wholesale funding.
Machine-readable event card
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- secwatch.filing_event.v1
- accession
- 0001104659-25-076231
- form_type
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- ticker
- FRST
- cik
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- company_name
- Primis Financial Corp.
- filed_at
- 2025-08-11T23:59:59+00:00
- discovered_at
- 2026-05-14T18:02:43.658379+00:00
- generated_at
- 2026-05-17T15:15:24.557499+00:00
- sec_items
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- event_type
- earnings
- sentiment
- negative
- materiality_score
- 0.75
- calibrated_materiality_score
- 0.75
- confidence
- high
- secwatch_canonical_url
- https://secwatch.observer/filing/0001104659-25-076231
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- https://secwatch.observer/filing/0001104659-25-076231.json
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- https://secwatch.observer/filing/0001104659-25-076231.md
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- edgar_index_url
- https://www.sec.gov/Archives/edgar/data/1325670/000110465925076231/0001104659-25-076231-index.htm
- edgar_primary_document_url
- https://www.sec.gov/Archives/edgar/data/1325670/000110465925076231/tm2523167d1_8ka.htm
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- review_status
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