Primis Financial Corp. (FRST)

From the record

Primis Financial Corp.'s filings since 2017 show 22 warning events of 4 kinds: a notice about its exchange listing (8-K item 3.01, 8 times, the latest 2025-04-14); a warning not to rely on past financial statements (8-K item 4.02, 2 times, the latest 2024-09-12); an auditor change (8-K item 4.01, 3 times, the latest 2024-10-17); a late-report notice (Form NT 10-K or NT 10-Q, 9 times, the latest 2025-05-13) (its current reports).

From the record

Primis Financial Corp.'s 10 filed years say what it did: revenue went from $49 million in fiscal 2016 to $200 million in fiscal 2025, up 17% a year; it rose in 6 of 9 years; the deepest fall was 6% from fiscal 2019 to fiscal 2021; net income was positive in 8 of 10 of those years (its annual reports).

From the record

Over the 3 fiscal years to 2025-12-31, Primis Financial Corp.'s diluted share count held steady, and dividends and buybacks returned about 52% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 0 sales and 35 purchases of their own stock on the open market in the year to 2026-09-30, buying about $427 thousand (their Form 4 filings).

From the record

Return on equity: in the fiscal year ended 2025-12-31, Primis Financial Corp. earned about 15 cents of profit for every dollar of shareholders' money. Leverage: it owed about 90 cents per dollar of assets, and net share issuance: its share count was unchanged over the year (the filed statements).

From the record

Primis Financial Corp.'s standing among 155 graded names in its industry family: revenue of $200 million in fiscal 2025 ranks in the bottom 36% by size; a net margin of 30.7% ranks in the top 13%; revenue growth of 17.6% a year over the last 3 filed years ranks in the bottom 49% (its annual reports).

From the record

Primis Financial Corp.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Zember, Dennis J Jr (President/CEO, as filed), filing under that title since 2020-02-20, 6.7 years (bottom 40% of its family); the 17 officers and directors filing in the last fifteen months have been on the record a median of 5.9 years (bottom 32%); 4 officer or director changes were reported on Form 8-K since 2023-11-13, against the 17 people in charge now (top 36%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

From the record

Primis Financial Corp.'s room to grow, from the newest filed statements (fiscal 2025): cash of $144 million against no long-term debt tagged leaves 3.5% of its assets as net cash, top 46% of its family; cash from operations less capital spending is 4.5% of revenue (bottom 7%) (its annual report).

From the record

Primis Financial Corp.'s growth drivers, from the filed years to fiscal 2025: revenue grew 17.6% a year over the last three filed years against 17% over all 10, speeding up (bottom 29% of its family); the newest year grew -5% (bottom 7%); capital spending grew 19.7% a year (top 34%) (its annual reports). Primis Financial Corp. tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

From the record

Primis Financial Corp.'s newest year against its own record: revenue of $200 million in fiscal 2025 came in 27.4% below the $276 million its prior three years' pace pointed to (bottom 9% of its family); net income of $61 million against a prior three-year average of $3 million (top 1%); a net margin of 30.7% against -0.1% before (top 1%) (its annual reports).