Primis Financial Corp. Reports Earnings per Share for the Fourth Quarter of 2024

Declares Quarterly Cash Dividend of $0.10 Per Share

MCLEAN, Va., Jan. 28, 2025 /PRNewswire/ -- Primis Financial Corp. (NASDAQ: FRST) ("Primis" or the "Company"), and its wholly-owned subsidiary, Primis Bank (the "Bank"), today reported a net loss available to common shareholders of $14.7 million or $0.59 loss per basic and diluted share for the quarter ended December 31, 2024, compared to a net loss available to common shareholders of $8.2 million or $0.33 loss per basic and diluted share for the quarter ended December 31, 2023.   For the full year of 2024, the Company reported a net loss available to common shareholders and loss per basic and diluted share of $7.5 million and $0.31, respectively, compared to a loss of $7.8 million and $0.32, respectively, in 2023.  Earnings for the three month and year-to-date periods of 2024 are highly affected by the Company's decision to move a third-party originated consumer loan portfolio to held for sale in the fourth quarter of 2024 as described further below.