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.

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