Forward-Looking Analysis Primis Financial Corp (FRST) is expected to release its Q2 2025 earnings on Thursday, July 24th, after market close. Analysts anticipate the company will report improved earnings following its Q1 performance, where it missed expectations with an EPS of $0.11. The company has demonstrated a turnaround from a net loss of $23.3 million in Q4 2024, achieving a positive EPS in Q1 2025. Analysts are closely monitoring Primis Financial's asset growth, with total assets reported at $3.7 billion as of March 31, 2025. This represents a substantial increase from the previous quarter. The company operates through Primis Bank and serves Virginia and Maryland with twenty-four full-service branches. Analysts expect continued asset growth to drive profitability improvements. However, previous EPS misses could present challenges in meeting current forecasts. The earnings call is scheduled for Friday, July 25th, at 10:00 a.m. Eastern Time.
Historical Performance Review Primis Financial Corp reported a net income of $19.03 million for the first quarter of 2025, translating to an earnings per share (EPS) of $0.92. Despite missing expectations in previous quarters, this result marked a significant recovery from the net loss of $23.3 million experienced in Q4 2024, underscoring the company's turnaround efforts.
Additional News Primis Financial Corp continues to execute its turnaround strategy after a challenging 2024. The company has clawed back to profitability, driven by improved retail mortgage activities, which generated approximately $0.8 million pre-tax in Q1 2025. This marks an increase compared to a loss of $0.4 million in Q4 2024. Primis Financial's strategic focus remains on asset growth, with reported total assets of $3.7 billion as of March 31, 2025. The company operates through Primis Bank, serving Virginia and Maryland, and is poised to leverage its increased asset base for future growth. The upcoming Q2 earnings report and conference call will provide insights into its ongoing recovery and strategic direction.
Summary & Outlook Primis Financial Corp appears to be on a positive trajectory, following a successful turnaround from substantial losses in 2024. With a net income of $19.03 million and an EPS of $0.92 in Q1 2025, the company shows promising signs of recovery. Asset growth remains a key catalyst for future profitability, with total assets reaching $3.7 billion. While challenges remain due to previous EPS misses, Primis Financial's focus on asset expansion and retail mortgage activities supports a bullish outlook. Continued execution of its strategic initiatives will be vital in sustaining growth and mitigating risks.
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