Welcome to our dedicated page for Primis Financial news (Ticker: $FRST), a resource for investors and traders seeking the latest updates and insights on Primis Financial stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Primis Financial's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
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Rhea-AI Summary
Primis Financial Corp. (FRST) reported preliminary earnings per share for Q1 2024, declaring a $0.10 cash dividend per share. The company is in a pre-clearance process with the SEC regarding accounting for a consumer loan portfolio. The financial results show a decrease in total assets, loans, and deposits, while noninterest income and expenses have increased. Net income has decreased compared to Q1 2023. The company's net interest margin and return on average assets have improved. The declaration of a dividend marks the fiftieth consecutive quarterly dividend for Primis.
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End-of-Day
-4.86%
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Primis Financial Corp. (FRST) has announced the date for its first quarter 2024 earnings release and conference call. The company will release the results on April 25, 2024, followed by a conference call on April 26, 2024, at 10:00 a.m. Eastern Time. Analysts and investors can participate in the call through the provided telephone numbers and webcast link.
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End-of-Day
2.56%
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Primis Financial Corp. (FRST) received a letter from NASDAQ regarding non-compliance with filing its Annual Report on Form 10-K for 2023. The company has 60 days to submit a compliance plan to NASDAQ.
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-7.04%
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Panacea Financial has been chosen as the endorsed practice finance provider for the American Dental Association, offering specialized financial products and services to over 159,000 members. The collaboration aims to empower dentists to elevate their practices and deliver exceptional patient care. ADA members will have access to specialized credit structures, industry-leading decisioning times, concierge-level service, and experienced advice, with member-exclusive pricing. Panacea Financial's commitment to providing innovative ways to support dental practice owners through an evolving dental industry is emphasized.
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End-of-Day
4.11%
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Primis Financial Corp. (NASDAQ: FRST) reported net income available to common shareholders of $8.1 million or $0.33 per diluted share for Q4 2023, compared to $3.0 million or $0.12 per share for Q4 2022. Year-to-date earnings for 2023 were $9.9 million and $0.40 per diluted share, down from $17.5 million and $0.71 in the same period in 2022. The company also announced an investment in Panacea Financial Holdings, Inc. and declared a quarterly cash dividend of $0.10 per share.
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Rhea-AI Sentiment
End-of-Day
4.11%
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Primis Financial Corp. (NASDAQ: FRST) announced the release of its fourth quarter 2023 results on January 25, 2024, followed by a conference call and webcast for analysts and investors on January 26, 2024.
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-0.47%
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Primis Financial Corp. (NASDAQ: FRST) announces a new stock repurchase program for up to 740,600 outstanding shares of the Company's common stock. The program will conclude on December 21, 2024, with the option for earlier termination or extension by the Board. The previous stock repurchase program expired with no shares repurchased. The Company may repurchase shares through open market purchases or privately negotiated transactions, subject to legal requirements. The timing and extent of repurchases will depend on various factors, including stock performance, market conditions, and regulatory requirements.
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5.84%
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Primis Financial Corp. (NASDAQ: FRST) announced an amendment to its financial results, reflecting a non-cash after-tax goodwill impairment charge of $11.2 million. The revised results for the third quarter of 2023 showed a net loss of $3.6 million, with a significant decline in stock price and a 21% reduction in nonperforming assets. Despite the impairment charge, the company reported an operating return on average assets of 81 basis points and a margin of 3.02%, indicating improvement in operating results.
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1.05%
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Primis Financial Corp. reports net income of $7.6 million for Q3 2023, up 52% from last year. Diluted EPS for Q3 2023 was $0.31, up 55% from Q3 2022. Operating return on average assets increased to 81 basis points. Noninterest expense reduced to $25.9 million. Liquidity maintained with no FHLB borrowings. 21% reduction in nonperforming assets. Opened 2,404 new deposit account relationships totaling $72.7 million.
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5.73%
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Primis Financial Corp. to release Q3 2023 results on October 26, 2023
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End-of-Day
-2.22%
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Primis Financial Corp.
Nasdaq:FRST
FRST Rankings
FRST Stock Data
264.34M
22.00M
3.62%
84.4%
0.44%
Commercial Banking
Finance and Insurance
United States of America
MCLEAN
About FRST
southern national bankshares corp.