---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-076231"
form_type: "8-K/A"
ticker: "FRST"
cik: "0001325670"
company_name: "Primis Financial Corp."
filed_at: "2025-08-11T23:59:59+00:00"
generated_at: "2026-05-17T15:15:24.557499+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Primis Financial restates Q2 net income to $2.4M on loan downgrades; EPS $0.10

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-25-076231
- form_type: 8-K/A
- ticker: FRST
- cik: 0001325670
- company_name: Primis Financial Corp.
- filed_at: 2025-08-11T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1325670/000110465925076231/0001104659-25-076231-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1325670/000110465925076231/tm2523167d1_8ka.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-076231
- JSON: https://secwatch.observer/filing/0001104659-25-076231.json
- Plain text: https://secwatch.observer/filing/0001104659-25-076231.txt

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