AInvest Newsletter
Daily stocks & crypto headlines, free to your inbox
Primis Bank has entered into a sale-leaseback transaction for 18 branch properties, generating a pre-tax gain of $50 million. The deal is expected to boost the bank's tangible book value by 13.2% and recurring earnings by 15.0%. The transaction also provides an opportunity to restructure the balance sheet, improve operating earnings, and build capital levels to support growth in 2026 and 2027.
Daily stocks & crypto headlines, free to your inbox
Comments
No comments yet