Financial Performance - Net income attributable to Primis' common stockholders for the three months ended September 30, 2025, was $6,830 thousand, a significant increase from $1,228 thousand in the same period of 2024[16]. - Net income for the nine months ended September 30, 2025, was $28,301,000, a significant increase from $1,490,000 in the same period of 2024[19]. - Comprehensive income for the nine months ended September 30, 2025, was $38,537 thousand, compared to $11,762 thousand for the same period in 2024, reflecting a growth of 227.5%[16]. - Basic EPS for the three months ended September 30, 2025, was $0.28, compared to $0.05 for the same period in 2024[139]. - The company reported a basic EPS of $1.29 for the nine months ended September 30, 2025, compared to $0.29 for the same period in 2024[139]. Asset and Loan Growth - Total assets increased to $3,954,849 thousand as of September 30, 2025, up from $3,690,115 thousand at December 31, 2024, representing a growth of 7.2%[15]. - Total loans held for investment (LHFI) rose to $3.2 billion as of September 30, 2025, an 11% increase from December 31, 2024, led by growth in Mortgage Warehouse loans and Panacea Division loans[172]. - Total loans amounted to $3.2 billion as of September 30, 2025, compared to $2.9 billion as of December 31, 2024, reflecting overall growth in the loan portfolio[210]. - Outstanding loan balances increased by 411% to $327 million as of September 30, 2025, from $64 million at December 31, 2024[166]. - The total amount of loans modified due to financial difficulty is assessed based on the borrower's delinquency status and overall financial situation[73]. Income and Expenses - Net interest income for the three months ended September 30, 2025, was $29,032 thousand, compared to $28,023 thousand for the same period in 2024, reflecting an increase of 3.6%[16]. - Noninterest income for the nine months ended September 30, 2025, was $62,334 thousand, compared to $30,441 thousand for the same period in 2024, indicating a growth of 104.5%[16]. - Noninterest expenses for the nine months ended September 30, 2025, totaled $96,771 thousand, compared to $88,279 thousand for the same period in 2024, an increase of 9.3%[16]. - The company reported total noninterest income for the nine months ended September 30, 2025, reached $62 million, a 105% increase from $30 million in the same period in 2024, largely due to a $32 million gain on the investment in Panacea Financial Holdings[196]. - Salaries and benefits expenses increased by $1.8 million to $18.5 million for the three months ended September 30, 2025, compared to $16.8 million in 2024[197]. Credit Quality and Allowance for Losses - The allowance for credit losses decreased to $44,766 thousand as of September 30, 2025, from $53,724 thousand at December 31, 2024, a reduction of 16.7%[15]. - The provision for credit losses for the nine months ended September 30, 2025, was $9,850,000, down from $17,138,000 in 2024, indicating improved credit quality[19]. - The total nonaccrual loans as of September 30, 2025, were $84.97 million, compared to $15.03 million on December 31, 2024, indicating a significant increase in nonaccrual status[69]. - The allowance for credit losses includes an estimate of lifetime expected credit losses, with historical loss information being the starting point for this estimate[76]. - The company applies qualitative adjustments to model results based on key risk indicators tracked on a pool-by-pool basis[94]. Deposits and Funding - Total deposits increased to $3,336,352 thousand as of September 30, 2025, up from $3,171,035 thousand at December 31, 2024, a rise of 5.2%[15]. - The cost of deposits for the core Bank was 1.73% in Q3 2025, down from 2.29% in Q3 2024, with 20% of deposits being noninterest bearing[166]. - The company had $167 million of mortgage loan commitments outstanding as of September 30, 2025, with contractual expirations ranging from 15 to 30 years[136]. - Unfunded lines of credit and undisbursed construction loan funds totaled $493 million as of September 30, 2025, compared to $459 million as of December 31, 2024[137]. - The balance of secured borrowings was $15 million as of September 30, 2025, with no loans past due 30 days or greater[123]. Derivatives and Securities - The gross amounts of interest rate swap derivative assets and liabilities as of September 30, 2025, were $196 thousand and $333 thousand, respectively[39]. - The fair value of derivative assets increased to $1,908,000 as of September 30, 2025, from $1,000,000 as of December 31, 2024[106]. - The amortized cost of Available-for-Sale (AFS) investment securities as of September 30, 2025, was $252,991 thousand, with a fair value of $234,660 thousand[53]. - The total unrealized losses for available-for-sale securities as of September 30, 2025, were $19.113 million, compared to $26.966 million as of December 31, 2024[60]. - The company does not expect any credit losses on U.S. Treasury and residential mortgage-backed securities due to their backing by the U.S. government[57]. Operational Changes and Strategic Initiatives - On March 31, 2025, Primis deconsolidated Panacea Financial Holdings (PFH), resulting in a gain of $25 million recorded in noninterest income, which included a retained interest in PFH common stock valued at $21 million[29]. - The Company authorized a stock repurchase program to buy back up to 740,600 shares of its common stock, effective from December 19, 2024, to December 19, 2025[41]. - The company initiated Consumer Program modifications on January 1, 2025, focusing on principal forgiveness and term modifications[80]. - The company is currently evaluating the impact of new accounting standards on its financial statements, including ASU 2023-09 effective for annual disclosures beginning December 31, 2025[45]. - The company emphasized that results for the three and nine months ended September 30, 2025, are not necessarily indicative of future performance[151].

Financial Data and Key Metrics Changes - The company reported net earnings of $6.8 million and earnings per share of $0.28 for the third quarter, compared to core income of $2 million and $0.08 per share in the same quarter of 2024 [4] - Return on Assets (ROA) improved to 70 basis points, and Return on Tangible Common Equity (ROTCE) improved to 9.45% [4] - Core ROA adjusted for certain non-permanent items is closer to 90 basis points, aligning with the target of 1% ROA [5] - Net interest margin for the third quarter was 3.18%, up from 2.86% in the previous quarter and 2.97% year-over-year [19] Business Line Data and Key Metrics Changes - The mortgage division's production increased from approximately $20 million per month to $100-$120 million per month over the past few years, with pre-tax earnings of about $1.9 million in the current quarter [10] - The Mortgage Warehouse division showed average balances of about $210 million, ending balances of about $327 million, and pre-tax earnings of about $1.6 million [11] - Panacea's loan balances increased to $530 million, with deposits growing to about $132 million, a 50% increase year-over-year [12] Market Data and Key Metrics Changes - Non-interest-bearing checking accounts grew by about 16% compared to a year ago, improving the deposit mix and reducing the cost of deposits by almost 20% [7] - Average earning assets increased by 10% annualized in the third quarter, positioning the company to replace earning assets sold a year ago [18] Company Strategy and Development Direction - The company is focused on increasing the proportion of non-interest-bearing deposits to around 20% of total deposits, which is currently about 20% in the core bank [34] - The strategy emphasizes driving low-cost deposits and maintaining competitive rates for checking accounts to support growth and profitability [42] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving a 1% ROA goal, citing substantial tailwinds and improved profitability ratios [23] - The company is optimistic about the potential for loan growth in the fourth quarter and into 2026, with expectations of 6%-8% growth in the core bank [31] Other Important Information - The company noted limited impacts on net interest margin from the consumer program and expects continued improvement in margins due to new loans repricing [20] - The company has a strong focus on managing operating expenses, with core non-interest expense slightly higher than the year-ago quarter [22] Q&A Session Summary Question: Thoughts on overall loan growth for the fourth quarter and into 2026 - Management indicated potential for more runoff in the Mortgage Warehouse but expects to sustain levels around $210 million, with Panacea loans potentially reaching $150 million in annual production [29][31] Question: Timing for reaching a 3.30% margin - Management anticipates reaching a 3.30% margin by the first quarter of next year, focusing on increasing non-interest-bearing deposits [32][34] Question: Impact of interest rates on deposit costs - Management noted that while competition may drive rates down, the company's growth in checking accounts allows for competitive positioning without sacrificing margins [42] Question: Evidence of sticky customers from the digital banking platform - Management confirmed that digital customers are stickier than expected, with over 90% having multiple accounts or referring others [44][49] Question: Resolution of asset quality issues - Management expressed optimism about resolving certain loans in the next few quarters, particularly a C&I property that could improve margins [50][52]

Financial Data and Key Metrics Changes - The company reported net earnings of $6.8 million and earnings per share of $0.28 for the third quarter, compared to core income of $2 million and $0.08 per share in the same quarter of 2024 [4] - Return on Assets (ROA) improved to 70 basis points, and Return on Tangible Common Equity (ROTCE) improved to 9.45% [4] - Core ROA adjusted for certain non-permanent items is closer to 90 basis points, aligning with the target of 1% ROA [5] - Net interest margin for the third quarter was 3.18%, up from 2.86% in the previous quarter and 2.97% in the same period last year [19] Business Line Data and Key Metrics Changes - The mortgage division's production increased from approximately $20 million per month to $100-$120 million per month, with pre-tax earnings of about $1.9 million for the quarter [10] - The Mortgage Warehouse division showed average balances of $210 million, ending balances of $327 million, and pre-tax earnings of about $1.6 million [11] - Panacea Financial Division's loan balances increased to $530 million, with deposits growing to $132 million, a 50% increase year-over-year [12] Market Data and Key Metrics Changes - Non-interest-bearing checking accounts grew by about 16% compared to a year ago, improving the deposit mix and reducing the cost of deposits by almost 20% [7] - Average earning assets increased by 10% annualized in the third quarter, positioning the company to replace earning assets sold a year ago [18] - Non-interest income was $12 million in the quarter, up from $10.6 million in the previous quarter, driven primarily by increased mortgage revenue [21] Company Strategy and Development Direction - The company is focused on increasing the proportion of non-interest-bearing deposits to around 20% of total deposits, which is currently about 20% in the core bank [34] - The strategy emphasizes core funding through checking accounts rather than relying on brokered CDs or institutional borrowings [42] - The company aims to maintain a competitive edge by driving checking account growth at rates better than 10% [42] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving a 1% ROA target, citing strong margins and a favorable deposit mix [5][23] - The company anticipates continued growth in profitability with minimal operating expense increases, despite inflationary pressures [22] - Management noted that the current quarter's results reflect a trend towards improved profitability, with fewer one-time items affecting core earnings [23] Other Important Information - The company has a pipeline of new opportunities in the Mortgage Warehouse division, with over $1 billion of uncommitted lines approved [11] - The company is actively managing credit quality, with a focus on resolving non-accrual loans and maintaining strong debt coverage ratios [15][50] Q&A Session Summary Question: Thoughts on overall loan growth for the fourth quarter and into 2026 - Management indicated potential runoff in the Mortgage Warehouse division but expressed confidence in sustaining levels and achieving 6-8% growth in the core bank [30][31] Question: Timing for reaching a 3.30% margin - Management expects to reach a 3.30% margin by the first quarter of next year, focusing on increasing non-interest-bearing deposits [32][34] Question: Impact of interest rates on deposit costs - Management noted that while competition may drive rates down, their growth in checking accounts allows for competitive positioning on deposit rates [41][42] Question: Evidence of customer stickiness in digital banking - Management confirmed that digital customers are stickier than expected, with over 90% having multiple accounts or referrals [43][44] Question: Resolution of asset quality issues - Management indicated that some loans may be resolved in the near term, potentially improving margins [49][50]

Financial Data and Key Metrics Changes - The company reported net earnings of $6.8 million and earnings per share of $0.28 for Q3 2025, compared to core income of $2 million and $0.08 per share in Q3 2024 [5] - Return on Assets (ROA) and Return on Tangible Common Equity (ROTCE) improved to 70 basis points and 9.45%, respectively [5] - Core ROA adjusted for certain items is closer to 90 basis points, aligning with the target of 1% ROA [6] - Net interest margin increased to 3.18%, up from 2.86% in the previous quarter and 2.97% year-over-year [20] Business Line Data and Key Metrics Changes - The mortgage division's production increased from approximately $20 million to $100-$120 million per month over the past few years, with pre-tax earnings of about $1.9 million in Q3 [11] - The Mortgage Warehouse division showed average balances of $210 million, ending balances of $327 million, and pre-tax earnings of about $1.6 million [12] - Panacea Financial Division's loan balances rose to $530 million, with deposits growing to $132 million, a 50% increase year-over-year [13] Market Data and Key Metrics Changes - Non-interest-bearing checking accounts grew by about 16% compared to a year ago, improving the deposit mix and reducing the cost of deposits by almost 20% [7] - Average earning assets increased by 10% annualized in Q3 2025 [19] - Non-interest income reached $12 million, up from $10.6 million in the previous quarter, driven primarily by increased mortgage revenue [22] Company Strategy and Development Direction - The company aims to increase the proportion of non-interest-bearing deposits to around 20% of total deposits, focusing on enhancing the deposit mix [34] - The strategy includes leveraging technology and customer relationships to drive down deposit costs while maintaining competitive rates [40][46] - The company is focused on sustainable growth in the mortgage and Panacea divisions, with plans to maintain strong production levels [31] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving a 1% ROA goal, citing strong operational momentum and a favorable deposit mix [25] - The company anticipates continued growth in profitability with fewer one-time items affecting core earnings [25] - Management noted that credit quality remains stable, with expectations for resolution of certain non-accrual loans in the coming quarters [50] Other Important Information - The company experienced limited impacts on net interest margin from consumer programs and expects this to continue [20] - The mortgage division's profitability rebounded significantly, with a notable increase in loan funding compared to the previous year [22] Q&A Session Summary Question: Thoughts on overall loan growth for Q4 and into 2026 - Management indicated potential for continued growth in the Mortgage Warehouse division and projected 6-8% growth for the core bank [30][31] Question: Timing for reaching a 3.30% margin - Management expects to approach a 3.30% margin by the first quarter of next year, focusing on increasing non-interest-bearing deposits [34] Question: Impact of interest rate changes on deposit costs - Management noted that while competition may drive rates, their strategy of increasing checking accounts allows for competitive positioning [40] Question: Stickiness of digital banking customers - Management confirmed that digital customers are proving to be stickier than expected, with high retention rates and significant average balances [42][46] Question: Resolution of asset quality issues - Management expressed optimism about resolving certain non-accrual loans within the next few quarters, particularly in the C&I sector [50]

Financial Data and Key Metrics Changes - The company reported net earnings of $6.8 million, or $0.28 per share, compared to core income of $2 million and $0.08 per share in Q3 2024 [5] - Return on Assets (ROA) improved to 70 basis points, and Return on Tangible Common Equity (ROTCE) improved to 9.45% [5] - Core ROA adjusted for certain non-permanent items is closer to 90 basis points, aligning with the target of 1% ROA [6] - Net interest margin increased to 3.18%, up from 2.86% in the previous quarter and 2.97% year-over-year [21] Business Line Data and Key Metrics Changes - The mortgage division's production increased from $20 million per month to $100 million - $120 million per month over the past few years, with a 10% annual production increase in Q3 [11] - Mortgage warehouse average balances grew to $210 million, with ending balances at $327 million, and pretax earnings of $1.6 million [12] - Panacea's loan balances increased to $530 million, with deposits growing 50% year-over-year to $132 million [13] Market Data and Key Metrics Changes - Non-interest bearing checking accounts grew by 16% year-over-year, improving the deposit mix and reducing the cost of deposits by almost 20% [7] - Average earning assets increased by 10% annualized in Q3, positioning the company to replace earning assets sold a year ago [20] Company Strategy and Development Direction - The company is focused on increasing the proportion of non-interest bearing deposits to 20% of total deposits, currently at about 20% in the core bank [36] - The strategy emphasizes core funding through checking accounts rather than brokered CDs or institutional borrowings, aiming for sustainable growth and profitability [46] - The company is leveraging technology and customer service to enhance deposit growth and maintain competitive margins [14] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving a 1% ROA, citing strong operational leverage and a focus on core relationships [6][26] - The company anticipates continued growth in profitability with minimal operating expense increases, despite inflationary pressures [24] - Management noted that the current quarter's results reflect a positive trend, with expectations for further improvements in the coming quarters [26] Other Important Information - The company experienced limited impacts on net interest margin due to interest reversals on loans moving to non-accrual status [22] - The provision for the quarter was a small release, driven by growth in the loan portfolio and low core charge-off activity [23] Q&A Session Summary Question: Thoughts on overall loan growth for Q4 and 2026 - Management indicated potential runoff in mortgage warehouse but expects to sustain levels, with Panacea loans projected to reach $150 million in annual production [30][32] Question: Timing for reaching a 3.3% margin - Management expects to be closer to a 3.3% margin by the first quarter of next year, focusing on increasing non-interest bearing deposits [35][36] Question: Impact of interest rates on deposit costs - Management noted that competition is likely to use falling rates to drive margins, but the company's growth in checking accounts allows for competitive positioning [45] Question: Stickiness of digital customers - Management confirmed that digital customers are stickier than expected, with high retention rates and strong deposit relationships [47][51] Question: Resolution of asset quality issues - Management indicated that one loan could be resolved in the current quarter, while others may take longer, with expectations for improved debt coverage [56][57] Question: Future expense trends - Management anticipates continued improvement in expense management over the next few quarters [59]

Financial Performance Highlights - Net income increased significantly to $6.8 million in Q3'25, a 180% increase QoQ and a 456% increase YoY[15] - Diluted EPS also saw substantial growth, reaching $0.28 in Q3'25, reflecting a 180% increase QoQ and a 464% increase YoY[15] - Tangible book value per share increased to $11.71 in Q3'25, a 2% increase QoQ and a 1% increase YoY[15] - Core net interest margin improved to 3.15% in Q3'25, a 3 bps increase QoQ and a 35 bps increase YoY[15] - Return on Average Tangible Common Equity reached 9.45% in Q3'25, a 604 bps increase QoQ and a 771 bps increase YoY[15] Balance Sheet and Loan Portfolio - Total loans by division: Core Bank accounts for $2.286 billion (67%), Mortgage Warehouse $327 million (10%), Panacea $548 million (16%), Life Premium Finance $140 million (4%), and Consumer Program $101 million (3%)[35] - Total deposits by division: Core Bank holds $2.133 billion (64%), Digital $1.036 billion (31%), Panacea $133 million (4%), and Mortgage Warehouse $34 million (1%)[35] - Panacea's deposits outstanding at Q3'25 were $133 million, up 19% from the previous quarter[26] Mortgage Warehouse Division - The mortgage warehouse division had an ending Q3 balance of $327 million[19] - The mortgage warehouse division's yields are structured to give the bank around 75 to 100 bps over the note rate[19]

Core Viewpoint - Primis Financial reported quarterly earnings of $0.28 per share, missing the Zacks Consensus Estimate of $0.32 per share, but showing an increase from $0.08 per share a year ago, indicating a significant year-over-year growth despite the earnings miss [1][2]. Financial Performance - The company posted revenues of $41 million for the quarter ended September 2025, exceeding the Zacks Consensus Estimate by 5.13% and up from $37.31 million in the same quarter last year [2]. - Over the last four quarters, Primis Financial has not surpassed consensus EPS estimates, indicating a trend of underperformance in earnings expectations [2][6]. Stock Performance - Primis Financial shares have declined approximately 15.4% since the beginning of the year, contrasting with the S&P 500's gain of 13.9%, highlighting a significant underperformance relative to the broader market [3]. - The current Zacks Rank for Primis Financial is 4 (Sell), suggesting that the stock is expected to underperform the market in the near future [6]. Future Outlook - The consensus EPS estimate for the upcoming quarter is $0.32 on revenues of $36.7 million, while for the current fiscal year, the estimate is $0.73 on revenues of $145.4 million, indicating cautious optimism for future performance [7]. - The outlook for the industry, specifically the Financial - Miscellaneous Services sector, is relatively strong, ranking in the top 34% of Zacks industries, which could positively influence the stock's performance [8].

Financial Performance - Primis Financial Corp. reported net income of $7 million, or $0.28 per diluted share, for Q3 2025, a significant increase from $1 million, or $0.05 per diluted share, in Q3 2024[2]. - For the nine months ended September 30, 2025, net income available to common shareholders was $32 million, or $1.29 per diluted share, compared to $7 million, or $0.29 per diluted share, for the same period in 2024[3]. - Net income attributable to Primis' common shareholders for Q3 2025 was $6,830,000, compared to $2,437,000 in Q2 2025, showing a significant increase[48]. - Non-GAAP adjusted net income for Q3 2025 was $6,830,000, a recovery from a loss of $3,222,000 in Q2 2025[48]. - Net income attributable to common shareholders for Q3 2025 was $6,830 thousand, compared to a loss of $(26,155) thousand in Q2 2025, marking a significant turnaround[43]. Revenue and Income - Total revenue, excluding gains from the sale of Panacea Financial Holdings, increased by $5 million quarter-over-quarter, while expenses rose by only $400 thousand[5]. - Noninterest income rose to $12 million in Q3 2025, compared to $9 million in Q3 2024, with mortgage-related income growing 31%[15]. - Noninterest income for Q3 2025 was $11,969 thousand, a decrease of 33.8% from $18,030 thousand in Q2 2025[43]. - Net interest income for Q3 2025 was $29,032 thousand, an increase of 7% compared to $25,180 thousand in Q2 2025[42]. Loan and Deposit Growth - Primis Mortgage closed mortgage volume of $308 million in Q3 2025, a 34% increase compared to Q3 2024, with pre-tax earnings of approximately $1.9 million[7]. - Mortgage warehouse lending activity saw outstanding loan balances of $327 million, up 77% from $185 million at June 30, 2025, and up 411% from $64 million at December 31, 2024[8]. - Panacea Financial reported loans outstanding of $548 million, a 40% increase compared to Q3 2024, with customer deposits totaling $133 million, up 47%[9]. - Total loans held for investment increased to $3.2 billion at September 30, 2025, up from $3.1 billion at June 30, 2025 and $3.0 billion at September 30, 2024[22]. - Total deposits were flat at $3.3 billion at September 30, 2025, with noninterest bearing demand deposits growing by 16% to $490 million[25]. Asset Quality and Credit Losses - Nonperforming assets were 2.07% of total assets at September 30, 2025, compared to 1.90% at June 30, 2025, primarily due to one downgraded commercial loan[22]. - The Company recorded a recovery of credit losses of $49 thousand for the third quarter of 2025, compared to a provision for credit losses of $8 million in the previous quarters[24]. - The allowance for credit losses was 1.40% of loans held for investment at the end of the third quarter of 2025, down from 1.72% a year earlier[24]. - Net charge-offs as a percent of average loans (annualized) decreased to 0.14% in Q3 2025 from 0.80% in Q2 2025[38]. Efficiency and Ratios - Return on average assets for Q3 2025 was 0.70%, up from 0.26% in Q2 2025[37]. - Efficiency ratio for Q3 2025 was 78.81%, up from 73.92% in Q2 2025[37]. - Common equity to assets ratio for Q3 2025 was 9.66%, slightly down from 9.72% in Q2 2025[38]. - Total risk-based capital ratio for Q3 2025 was 12.02%, down from 12.43% in Q2 2025[38]. Future Outlook - Future outlook indicates a focus on market expansion and new product development[47].

Core Financial Performance - Primis Financial Corp. reported a net income of $7 million, or $0.28 per diluted share, for Q3 2025, a significant increase from $1 million, or $0.05 per diluted share, in Q3 2024 [1] - For the nine months ended September 30, 2025, net income available to common shareholders was $32 million, or $1.29 per diluted share, compared to $7 million, or $0.29 per diluted share, for the same period in 2024 [1] - The company's net interest income for Q3 2025 was $29 million, up from $28 million in Q3 2024, with a net interest margin of 3.18%, an increase from 2.97% year-over-year [11][34] Operational Highlights - The core community bank's 24 banking offices in Virginia and Maryland accounted for nearly two-thirds of the company's total balance sheet, with 20% of deposits being noninterest-bearing [4] - Primis Mortgage closed mortgage volume of $308 million in Q3 2025, a 34% increase compared to the same quarter in 2024, with pre-tax earnings rising to approximately $1.9 million [5] - Panacea Financial's loans outstanding reached $548 million, a 40% increase from Q3 2024, with customer deposits totaling $133 million, up 47% year-over-year [6] Strategic Developments - The company is enhancing its proprietary V1BE service, which supports over $200 million in commercial clients, and is working on licensing this technology to other banks [4] - The digital platform has over $1.0 billion in deposits with a cost of deposits of 4.07% in September 2025, compared to $0.9 billion at the same time in 2024 [10] - Primis has focused on divesting from consumer loans and life premium finance, while building scale and revenues in mortgage warehouse lending, which averaged $210 million in loans during Q3 2025 [12] Asset Quality and Loan Portfolio - Loans held for investment increased to $3.2 billion as of September 30, 2025, compared to $3.0 billion a year earlier, with nonperforming assets at 2.07% of total assets [19][20] - The company recorded a recovery of credit losses of $49 thousand for Q3 2025, a significant improvement from a provision for credit losses of $8 million in the same quarter of 2024 [21] - Core bank loans totaled $2.1 billion at September 30, 2025, down from $2.2 billion a year prior, while mortgage warehouse outstandings improved to $327 million [20] Shareholder Returns - The Board of Directors declared a quarterly cash dividend of $0.10 per share, marking the company's fifty-sixth consecutive quarterly dividend [23] - Tangible book value per common share increased to $11.71, a 12% rise from December 31, 2024 [23]

, /PRNewswire/ -- Primis Financial Corp. (NASDAQ: FRST) (the "Company") today announced that it will release third quarter 2025 results after the market closes on Thursday, October 23, 2025. Following the release, the Company will host a conference call and audio webcast for analysts and investors at 10:00 a.m. Eastern Time on Friday, October 24, 2025. The webcast of the earnings call can be found at the following address: https://events.q4inc.com/attendee/859535228 Primis Financial Corp., NASDAQ Symbol F ...