Primis Financial Corp. Announces Reauthorization of Stock Repurchase Program

Core Viewpoint - Primis Financial Corp. has announced a stock repurchase program for up to 750,000 shares of its common stock, which will run from December 18, 2025, to December 18, 2026, unless terminated or extended earlier by the Board [1]. Group 1: Stock Repurchase Program Details - The stock repurchase program allows the company to buy back shares through open market purchases or privately negotiated transactions, adhering to legal requirements [2]. - The company previously repurchased 79,549 shares at an average cost of $10.00 per share under a prior plan [1][2]. - The timing and extent of share repurchases will depend on various factors, including stock performance, market conditions, and regulatory requirements [2]. Group 2: Company Financial Overview - As of September 30, 2025, Primis Financial Corp. reported total assets of $4.0 billion, total loans held for investment of $3.2 billion, and total deposits of $3.3 billion [3]. - Primis Bank operates 24 full-service branches in Virginia and Maryland, offering financial services to individuals and small- to medium-sized businesses [3].