Primis Financial Corp. (FRST)

Primis Financial Corp. reported strong Q4 2025 earnings with a significant increase in net income and EPS, and declared a quarterly cash dividend of $0.10 per share. The company received a Nasdaq delisting notice due to a delayed Form 10-K filing but was granted a stay pending a hearing. Primis Financial announced the reauthorization of a stock repurchase program. The company reported a signed non-binding term sheet to sell a portion of its ownership in Panacea Financial Holdings, Inc.

The provided information does not explicitly detail demand seasonality, but demand for certain products can be influenced by broader economic cycles, interest rate fluctuations, and seasonal business activity. The CEO noted that the first quarter of 2026 might show "seasonally slower results."

Primis Financial Corp. is the bank holding company for Primis Bank, a Virginia state-chartered bank, operating in the financial sector. Primis Bank offers deposit products like checking, savings, and money market accounts, commercial lending products such as lines of credit and term loans, and consumer lending products including residential mortgages and personal loans. They also provide debit cards, ATM services, notary services, and mobile and online banking.

Primis Bank operates through twenty-four full-service branches in Virginia and Maryland. It also provides services through online and mobile applications, and its Primis Mortgage segment originates mortgages in a majority of the United States. The company is headquartered in McLean, Virginia.

Primis Financial's strong financial performance in Q4 2025 contributes positively to its reputation. The growth of specialized divisions like Panacea Financial enhances its image. The Nasdaq delisting notice due to a delayed 10-K filing could have temporarily impacted its reputation, but the subsequent stay and expected resolution likely mitigated long-term damage.

Primis Financial Corp. is primarily owned by institutional shareholders, who hold 80.37% of the company's stock, while insiders own 16.77%, and retail investors hold 2.86%. Major institutional owners include BlackRock, Inc. and The Vanguard Group, Inc. Castle Creek Capital Partners IV LP is the largest individual shareholder. Several insiders have also purchased FRST shares in the last 24 months.