Welcome to our dedicated page for Primis Financial SEC filings (Ticker: FRST), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Primis Financial Corp. filings document the regulatory record of a Virginia bank holding company whose common stock trades on Nasdaq under FRST. Its 8-K reports furnish quarterly results, earnings releases, investor presentations, stock repurchase authorizations, balance sheet and credit-related updates, and other material events tied to Primis Bank operations.
Proxy and governance filings cover board structure, stockholder voting matters, executive compensation, equity awards, pay-versus-performance disclosure, bylaws and articles amendments, and the company’s omnibus incentive plan. The filing record also identifies the registered common stock and formal disclosure controls used for bank holding company reporting.
Primis Financial Corp. reported weaker earnings for the quarter ended March 31, 2026. Net income was $7.3 million, down from $22.6 million a year earlier, and diluted EPS fell to $0.30 from $0.92. Last year’s quarter included a $24.6 million gain on the Panacea Financial Holdings investment, which was not repeated.
Core banking activity expanded, with net interest income rising to $32.1 million from $26.4 million as the loan portfolio grew to $3.40 billion of loans held for investment. Total assets increased to $4.26 billion, deposits reached $3.42 billion, and the allowance for credit losses was $46.4 million.
Primis Financial Corp. executive Anurag Sharma, EVP and Chief Information Officer, filed an initial Form 3 reporting his beneficial ownership in the company. The filing shows he holds 0 shares of Primis Financial common stock directly following the reported date of April 24, 2026.
Primis Financial Corp. reported mixed but improving first-quarter 2026 results. Net income available to common shareholders was $7.3 million, or $0.30 per diluted share, down from $22.6 million a year earlier, when results included a large Panacea investment gain. Operating net income, which excludes nonrecurring items, rose to $8.1 million, or $0.33 per diluted share, from $3.6 million, reflecting stronger core profitability.
Net interest income grew to $32.1 million and the net interest margin improved to 3.43% on higher earning assets and lower funding costs. Total assets reached $4.26 billion, with loans held for investment of $3.40 billion and deposits of $3.42 billion. Tangible book value per share increased to $13.47, up 18% year over year, while tangible common equity to tangible assets was 8.02%.
Nonperforming assets rose to 2.24% of total assets, partly due to one large relationship that became 90 days past due but subsequently made payments. The Board declared a $0.10 per-share quarterly cash dividend, payable May 22, 2026 to shareholders of record on May 8, 2026, marking the company’s fifty-eighth consecutive quarterly dividend.
Castle Creek Capital Partners VII, LP, a significant investor in Primis Financial Corp., has reduced its ownership through open-market sales. Between April 13 and April 17, 2026, it sold 254,175 shares of common stock for net proceeds of $3,545,670.55.
After these transactions, Fund VII owns 1,076,499 Primis shares, representing about 4.4% of the company’s 24,699,185 shares outstanding as of February 27, 2026. As of April 17, 2026, the reporting persons are no longer beneficial owners of more than five percent of Primis’ common stock.
Castle Creek Capital Partners VII, LP filed an amended Schedule 13D showing updated ownership in Primis Financial Corp.. The fund now holds 1,330,674 shares of common stock, representing 5.4% of the company’s outstanding shares based on 24,699,185 shares as of February 27, 2026.
Between February 5 and April 10, 2026, Castle Creek sold an aggregate 556,690 shares in open-market, broker-assisted transactions for net proceeds of $7,721,743.97, reducing but not exiting its position. Voting and disposition power over these shares is shared with Castle Creek Capital VII LLC, which disclaims beneficial ownership beyond its pecuniary interest.
Primis Financial Corp. is soliciting proxies for its 2026 annual meeting, where stockholders will elect ten directors, ratify the independent auditor and cast an advisory vote on executive compensation. Holders of 24,772,072 common shares as of March 27, 2026 may vote.
The board is fully declassified, with all directors standing for one-year terms, and the roles of Chair and CEO are separated. The proxy describes an active committee structure, strong attendance, and extensive risk and cybersecurity oversight. Executive pay blends salary, annual incentives and performance-based equity, with 2025 bonuses tied to net income, deposit and loan growth, and expense control.
Primis Financial Corp. reports on its 2025 performance and risk profile as a $4.0 billion-asset regional bank holding company for Primis Bank. As of December 31, 2025, it had $3.3 billion in loans held for investment, $3.4 billion in deposits and $423 million in stockholders’ equity.
The loan book is heavily real-estate focused, with $2.0 billion, or 61% of loans, secured by property and $1.2 billion, or 37%, in commercial real estate. Unsecured consumer loans total $183 million, including $90 million sourced and serviced by a third party, creating additional credit and counterparty risk.
Nonperforming assets rose sharply to $87 million, or 3% of total loans and other real estate owned, from $17 million a year earlier, reflecting asset quality pressure. Primis also highlights Panacea Financial’s $544 million in specialized healthcare loans, over $1 billion in annual mortgage originations through Primis Mortgage, more than $1 billion in warehouse lending commitments, and $1 billion of digital deposits, while noting regulatory, interest-rate and economic risks that could affect future results.
Primis Financial Corp. director John Fitzgerald Biagas reported an open-market purchase of 1,925 shares of common stock at $12.80 per share. Following this transaction, he directly owns 91,944 shares in total, including 10,233 shares held in his IRA.
Primis Financial Corp. director Deborah Diaz reported an open-market purchase of 1,050 shares of Common Stock at a price of $12.7693 per share. After this transaction, she directly owns 21,122 shares, indicating a modest increase in her personal stake in the company.