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Primis Financial ( (FRST) ) has issued an announcement.
On January 28, 2025, Primis Financial Corp. announced a net loss of $14.7 million for the fourth quarter of 2024, influenced by strategic repositioning efforts including moving a consumer loan portfolio to held for sale and selling its Life Premium Finance business. The company declared a quarterly cash dividend of $0.10 per share, payable on February 26, 2025. Primis is focusing on growth in its core community bank, retail mortgage, and national strategies, expecting significant returns from its mortgage warehouse lending and partnerships, while exploring ways to maximize shareholder value and economic gain from its Panacea Financial holdings.
More about Primis Financial
Primis Financial Corp., headquartered in McLean, Virginia, operates as a financial services company through its wholly-owned subsidiary, Primis Bank. The company focuses on core community banking, retail mortgage, and national strategies including mortgage warehouse lending. It also owns a stake in Panacea Financial, a healthcare-focused financial services brand.
YTD Price Performance: 1.40%
Average Trading Volume: 70,547
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $280.9M
For a thorough assessment of FRST stock, go to TipRanks’ Stock Analysis page.
