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Primis Financial Corp - FRST STOCK NEWS

Welcome to our dedicated news page for Primis Financial (Ticker: FRST), a resource for investors and traders seeking the latest updates and insights on Primis Financial.

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.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Primis Financial's position in the market.

Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.11%
Tags
none
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Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.11%
Tags
earnings
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Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.47%
Tags
earnings
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.84%
Tags
buyback
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Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.05%
Tags
earnings
-
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.73%
Tags
earnings
Rhea-AI Summary
Primis Financial Corp. to release Q3 2023 results on October 26, 2023
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.22%
Tags
earnings
-
Rhea-AI Summary
Primis Financial Corp. announces the promotion of Rick A. Fulk as President of Primis Bank. The company aims to make the bank the primary driver of market value. Fulk's leadership skills and ambition are expected to produce results.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.13%
Tags
management
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Rhea-AI Summary
Panacea Financial partners with Bankjoy to provide digital banking tools for healthcare professionals
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.12%
Tags
partnership
Rhea-AI Summary
Primis Financial Corp. announces a cost-saving initiative and declares a quarterly cash dividend of $0.10 per share. The company reported a net loss of $0.2 million for Q2 2023, compared to net income of $6.0 million for Q1 2023 and $5.0 million for Q2 2022. Earnings per share for Q2 2023 was a loss of $0.01, compared to earnings of $0.24 for Q1 2023 and $0.20 for Q2 2022. The cost-saving initiative includes consolidating branches and reducing administrative expenses, with expected annual savings of approximately $9.4 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.4%
Tags
earnings
Primis Financial Corp

Nasdaq:FRST

FRST Rankings

FRST Stock Data

300.52M
22.01M
3.62%
84.4%
0.54%
Commercial Banking
Finance and Insurance
Link
US
Charlottesville

About FRST

southern national bankshares corp.