Primis Financial Corp. Reports Preliminary Earnings Per Share for the Second Quarter of 2024

Declares Quarterly Cash Dividend of $0.10 Per Share

MCLEAN, Va., July 25, 2024 /PRNewswire/ -- Primis Financial Corp. (NASDAQ: FRST) ("Primis" or the "Company"), and its wholly-owned subsidiary, Primis Bank (the "Bank"), today reported preliminary results for the second quarter of 2024.  As previously discussed in its Form 12b-25/A filed on April 1, 2024, Primis is currently pursuing a consultation process with the Office of the Chief Accountant of the Securities and Exchange Commission ("SEC") regarding the accounting for a consumer loan portfolio originated through a third-party.  This process with the SEC is ongoing and must be completed in order for the Company to complete its Annual Report on Form 10-K for the year ended December 31, 2023, its Quarterly Reports on Form 10-Q for the three and six months ended March 31, 2024 and June 30, 2024, respectively, and to restate its financial statements for each of the first three quarters of 2023.