Stock FRST PRIMIS FINANCIAL CORP.
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Company Primis Financial Corp.

Equities

FRST

US74167B1098

Banks

Real-time Estimate Cboe BZX
Other stock markets
 01:17:42 2024-04-24 pm EDT 		5-day change 1st Jan Change
10.84 USD -1.01% Intraday chart for Primis Financial Corp. +3.34% -14.38%
Jan. 26 Transcript : Primis Financial Corp., Q4 2023 Earnings Call, Jan 26, 2024
Jan. 26 Primis Financial Corp. Reports Earnings Results for the Fourth Quarter Ended December 31, 2023 CI

Business Summary

Primis Financial Corp. is a bank holding company for Primis Bank (the Bank). The Bank is a state-chartered bank. The Bank provides a range of financial services to individuals and small and medium-sized businesses through approximately 32 full-service branches in Virginia and Maryland. The Company operates through two segments: Primis Mortgage and Primis Bank. The Primis Bank segment specializes in providing financing services to businesses in various industries and deposit-related services to businesses, consumers and other customers. The Primis Mortgage segment specializes in originating mortgages in a majority of the United States. The Company earns non-interest income and the origination and sale of mortgage loans through the Primis Mortgage segment. The Company offers a range of deposit products, including checking, savings, and money market accounts and certificates of deposit, and others.

Number of employees: 565

Sales per Business

USD in Million2021Weight2022Weight Delta
Primis Bank
95.4 %
- - 120 95.4 % -
Primis Mortgage
4.6 %
- - 6 4.6 % -

Sales per region

USD in Million2021Weight2022Weight Delta
United States
100.0 %
105 100.0 % 126 100.0 % +19.44%

Managers

Managers TitleAgeSince
Dennis Zember CEO
 Chief Executive Officer 54 20-02-18
Matthew A. Switzer DFI
 Director of Finance/CFO 46 21-01-10
George Cody Sheflett CTO
 Chief Tech/Sci/R&D Officer 54 19-02-28
Cheryl B. Wood ADM
 Chief Administrative Officer - -
Rickey Fulk PRN
 Corporate Officer/Principal - 23-10-01
Ann-Stanton . Gore SAM
 Sales & Marketing - -
Marie T. Leibson PRN
 Corporate Officer/Principal 60 17-12-31
Susan B. Williamson LAW
 General Counsel - -

Members of the board

Members of the board TitleAgeSince
William Cook CHM
 Chairman 70 17-05-31
Dennis Zember CEO
 Chief Executive Officer 54 20-02-18
Eric Alan Johnson BRD
 Director/Board Member 70 17-05-31
Robert Yates Clagett BRD
 Director/Board Member 84 14-08-20
John Eggemeyer BRD
 Director/Board Member 76 21-06-14
F. L. Garrett BRD
 Director/Board Member 83 17-05-31
Charles Kabbash BRD
 Director/Board Member 87 05-03-31
John Biagas BRD
 Director/Board Member 59 17-05-31
Deborah Diaz BRD
 Director/Board Member 66 20-09-30
Allen R. Jones BRD
 Director/Board Member 60 21-06-14

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 24,693,172 20,883,723 ( 84.57 %) 0 84.57 %

Shareholders

NameEquities%Valuation
Castle Creek Capital LLC
7.648 %
1,887,777 7.648 % 23 M $
BlackRock Advisors LLC
7.176 %
1,771,271 7.176 % 22 M $
The Banc Funds Co LLC
6.861 %
1,693,521 6.861 % 21 M $
Vanguard Fiduciary Trust Co.
4.458 %
1,100,218 4.458 % 13 M $
Mendon Capital Advisors Corp.
4.223 %
1,042,404 4.223 % 13 M $
Patriot Financial Manager LP
4.123 %
1,017,531 4.123 % 12 M $
Dimensional Fund Advisors LP
3.970 %
979,770 3.970 % 12 M $
Fourthstone LLC
3.846 %
949,167 3.846 % 12 M $
Curi RMB Capital LLC
3.686 %
909,654 3.686 % 11 M $
Mike Salzhauer
3.050 %
752,841 3.050 % 9 M $

Company contact information

Primis Financial Corp.

1676 International Drive Suite 900

22102, McLean

+703 893 7400

http://www.primisbank.com
address Primis Financial Corp.(FRST)

Group companies

NameCategory and Sector
Primis Bank
Logo Primis Bank

Primis Bank

Regional BanksFinance

Primis Bank provides personal and business banking services. It offers savings, debit cards, personal loans, and mortgage loans. The company was founded by Georgia S. Derrico and R. Roderick Porter in July 2004 and is headquartered in McLean, VA.

Regional Banks
SeaTrust Mortgage Co.
Logo SeaTrust Mortgage Co.

SeaTrust Mortgage Co.

Finance/Rental/LeasingFinance

Part of Primis Financial Corp., SeaTrust Mortgage Co. is a private company that offers mortgage products and services. The company is based in Wilmington, NC. The company was founded by John Owens. SeaTrust Mortgage was acquired by Primis Bank from Community First Bancorporation (South Carolina) on May 31, 2022 for $7 million.

Finance/Rental/Leasing

Sector

Financials
Banking & Investment Services
Banking Services
Banks
Commercial Banks

Sales per Business

Ratings for Primis Financial Corp.

Trading Rating
Investor Rating
ESG Refinitiv
C
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
3
Last Close Price
10.94 USD
Average target price
15.42 USD
Spread / Average Target
+40.86%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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