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. (FRST) reported asset growth and a large one-time investment gain tied to Panacea Financial. Total assets rose to $3.872 billion from $3.690 billion, driven by higher cash and deposits; total deposits increased to $3.343 billion from $3.171 billion and cash and cash equivalents rose to $94.074 million. Net interest income for the quarter was $25.18 million and $51.54 million for the six months, after which the company recorded higher provisions for credit losses ($8.303 million for the quarter, $9.899 million year-to-date).
The Company recognized a $24.6 million gain on deconsolidation of Panacea Financial Holdings (PFH) for the six months and additional PFH-related gains of $7.45 million in the quarter; proceeds from a partial PFH share sale were $22.1 million, and Primis held ~467,000 PFH shares valued at $6.586 million at period-end. Consolidated net income was $2.437 million for the quarter and $21.471 million for six months; diluted EPS was $0.10 quarterly and $1.01 year-to-date. The company repurchased 79,549 shares for $0.8 million under its buyback program.
Primis Financial Corp. amended a previously furnished current report to correct its second-quarter disclosures after downgrading three performing loans: a $6.4M commercial loan to special mention, a $30.7M office loan to substandard accruing (evaluated and not impaired), and a $40.1M office loan to substandard nonaccrual requiring a $7.7M specific reserve. The company reversed $0.3M of accrued interest and $0.6M of pooled reserves. After tax effects, Q2 net income decreased $6.0M to $2.4M.
Transaction summary: Garrett F L III, a Director of Primis Financial Corp. (FRST), purchased 1,810 shares on 08/05/2025. The weighted average price paid was $11.02 per share (trade prices ranged from $11.00 to $11.04). Following the reported purchase, Mr. Garrett beneficially owns 42,979 shares as reported, of which 2,884 shares are held in an IRA for his benefit.
Filing details: The Form 4 was signed on 08/06/2025 and filed by one reporting person. No derivative securities were reported in Table II of the filing. Explanatory footnotes specify the weighted average price and the IRA holdings included in total ownership.
Primis Financial (NASDAQ:FRST) disclosed results of its 26 June 2025 Annual Meeting via Form 8-K (Item 5.07).
- All four Class I directors were elected with 92–96% support.
- Shareholders approved an amendment to declassify the board (18,857,938 for; 55,856 against).
- The new Omnibus Incentive Plan passed (17,901,871 for; 991,705 against).
- Crowe LLP was ratified as auditor for FY-2025 (21,480,874 for; 93,124 against).
- Non-binding Say-on-Pay garnered 18,102,149 for vs 781,024 against.
Quorum reached 87.4% (21.6 M of 24.7 M shares). No additional material events were reported.