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.
Primis Financial Corp. reports recurring developments for its bank holding company operations through Primis Bank and its financial services for individuals and small- and medium-sized businesses. Company news commonly covers quarterly earnings, net interest margin trends, loan and deposit activity, commercial banking, consumer and residential lending, mortgage origination, and service delivery through branches in Virginia and Maryland as well as online and mobile applications.
Updates also include quarterly cash dividends, stock repurchase authorizations, balance sheet actions, securities portfolio restructuring, branch-property transactions, earnings call schedules, and management commentary on operating leverage and profitability initiatives.
Primis Financial Corp. (NASDAQ: FRST) has scheduled the release of its second quarter 2024 financial results after market close on July 25, 2024. The following day, July 26, 2024, at 10:00 a.m. Eastern Time, the company will hold a conference call and audio webcast for analysts and investors. Primis Financial Corp., as of March 31, 2024, reported total assets of $3.9 billion, total loans of $3.2 billion, and total deposits of $3.3 billion. The company's banking subsidiary, Primis Bank, operates 24 full-service branches in Virginia and Maryland.
On May 16, 2024, Primis Financial Corp. (NASDAQ: FRST) received a delinquency notification from Nasdaq for failing to timely file its Quarterly Report for Q1 2024 and its Annual Report for 2023. The notification follows a series of delayed filings, including notices on March 18, April 1, and May 13, 2024, due to the company's need for additional time for restatement and pre-clearance with the SEC. Although the letter has no immediate effect on Primis's Nasdaq listing, the company must submit a compliance plan by June 3, 2024. If accepted, Primis has until September 30, 2024, to regain compliance. As of March 31, 2024, Primis reported $3.9 billion in assets, $3.2 billion in loans, and $3.3 billion in deposits. Primis aims to file the delayed reports promptly to meet Nasdaq’s requirements.
Panacea Financial has announced a partnership with the American Student Dental Association (ASDA) to offer tailored financial services to ASDA's 23,000 dental student members in the U.S. and Puerto Rico. The services include personal loans, checking accounts, and savings accounts specifically designed for the unique needs of dental students. This partnership aims to support dental students through their education and into their professional careers. Panacea Financial, founded by medical professionals, understands the financial challenges faced by dental students, such as high debt and frequent relocations, and aims to provide comprehensive banking solutions. More information is available at the Panacea Financial website.
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