← Primis Financial Corp.

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net Income From Continuing Operations — — — — — — $14.1m ($10.1m) ($24.7m) $57.8m
Net Income (Loss) Attributable to Parent $10.3m $2.4m $33.7m $33.2m $23.3m $31.2m $14.1m ($7.8m) ($16.2m) $61.4m
Net Income (Loss) Available to Common Stockholders, Basic — — $33.7m $33.2m $23.3m $31.0m $14.1m ($7.8m) ($16.2m) $61.4m
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest — $2.4m $33.7m $33.2m $23.3m $31.2m $14.1m ($10.1m) ($24.7m) $57.8m
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent $10.3m $2.4m — — — — — — — —
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest — — — — — $31.0m $14.1m ($10.1m) — —
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest — — — — — $230k — — — —
Net Income (Loss) Attributable to Noncontrolling Interest — — — — — — — ($2.3m) ($8.5m) ($3.6m)
Depreciation and amortization — — — $2.3m $2.0m $2.4m $2.5m $2.4m $2.2m $2.0m
Amortization of Intangible Assets $219k $845k $1.4m $1.4m $1.4m $1.4m $1.3m $1.3m $1.3m $602k
Depreciation, Nonproduction $798k $2.2m $3.3m $5.6m $5.3m $5.6m $7.4m $9.1m $8.9m $9.4m
Depreciation Amortization Depletion — — — — — — $7.4m $9.1m $8.9m $9.4m
Deferred Income Tax Expense (Benefit) $29k $9.7m $3.1m $1.4m ($1.6m) $6.1m ($3.3m) ($3.7m) ($4.3m) $6.5m
Deferred Income Tax — — — — — — ($3.3m) ($3.7m) ($4.3m) $6.5m
Deferred Tax — — — — — — ($3.3m) ($3.7m) ($4.3m) $6.5m
Share-based Payment Arrangement, Noncash Expense $260k $251k $280k $432k $1.5m $747k $395k $712k $940k $2.9m
Equity Method Investment, Other than Temporary Impairment — — — — $0 — — — — —
Goodwill, Impairment Loss — — — — $0 $0 $0 $11.2m — —
Asset Impairment Charge — — — — — — $0 $11.2m $0 $0
Equity Method Investment, Realized Gain (Loss) on Disposal — — — — — — — — — $32.3m
Financing Receivable Excluding Accrued Interest Credit Loss Expense Reversal — — — — — — $11.3m $32.5m $50.6m $12.3m
Gain (Loss) on Disposition of Assets — — — — — — ($684k) ($476k) $463k ($191k)
Gain (Loss) on Extinguishment of Debt — — — — — $573k $0 — — —
Income Tax Expense (Benefit) $5.1m $13.1m $9.6m $6.1m $6.6m $8.7m $3.2m ($1.1m) ($4.2m) $14.7m
Operating Lease, Expense — — — — — — — $600k $300k —
Changes in operating assets and liabilities:
Additional Financial Items
Increase (Decrease) in Other Operating Assets ($2.9m) ($6.1m) ($213k) $2.2m $11.9m $588k $405k $12.3m $218k ($5.2m)
Bank Owned Life Insurance Income $700k $929k $2.0m $1.7m $1.6m $1.7m $2.0m $2.0m $2.4m $1.8m
Increase (Decrease) in Other Operating Liabilities $1.3m ($3.7m) ($2.9m) $1.6m $5.9m ($7.6m) ($640k) $11.8m ($3.9m) $4.7m
Parent Company $3.9m $5.8m $7.7m $8.7m $9.7m $9.8m $9.9m $9.9m $9.9m $9.9m
Debt Securities, Available-for-sale, Realized Gain (Loss) — — — — ($620k) — — — — ($14.8m)
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal — — — — — — — — $4.7m —
Equipment Expense $975k $2.2m $2.8m $2.7m $2.7m $3.6m $5.2m $6.4m $7.3m $7.5m
Gain (Loss) on Sale of Mortgage Loans — — — — — — $5.1m $17.6m $23.9m $32.4m
Goodwill $10.5m $100.6m $102.0m $102.0m $102.0m $102.0m $104.6m $93.5m $93.5m $93.5m
Noncash Merger Related Costs $429k $9.4m — — — — — — — —
Beginning Cash Position — — — — — — $530.2m $77.9m $77.6m $64.5m
Cash Flow From Continuing Financing Activities — — — — — — $152.1m $283.6m ($140.9m) $226.6m
Cash Flow From Continuing Investing Activities — — — — — — ($616.9m) ($312.8m) $108.3m ($158.2m)
Cash From Discontinued Investing Activities — — — — — $4.7m $0 $0 — —
Change In Other Current Assets — — — — — — $11.1m ($12.3m) ($218k) $5.2m
Change In Other Current Liabilities — — — — — — ($565k) $11.8m ($3.9m) $4.7m
Change In Working Capital — — — — — — $10.6m ($577k) ($4.1m) $9.9m
Changes In Cash — — — — — — ($452.3m) ($306k) ($13.0m) $79.1m
End Cash Position — — — — — — $77.9m $77.6m $64.5m $143.6m
Financing Cash Flow — — — — — — $152.1m $283.6m ($140.9m) $226.6m
Free Cash Flow — — — — — — $11.4m $26.9m $18.3m $9.0m
Gain Loss On Investment Securities — — — — — — $0 $0 ($4.7m) $14.8m
Gain Loss On Sale Of Business — — — — — — — $0 $0 ($32.3m)
Gain Loss On Sale Of PPE — — — — — — $684k $476k ($463k) $191k
Investing Cash Flow — — — — — — ($616.9m) ($312.8m) $108.3m ($158.2m)
Net Business Purchase And Sale — — — — — $0 ($4.6m) $0 $0 —
Net PPE Purchase And Sale — — — — — — ($1.0m) ($1.9m) $2.7m $574k
Operating Gains Losses — — — — — — ($8.6m) ($29.2m) ($23.5m) ($47.5m)
Other Non Cash Items — — — — — — ($20.0m) $19.5m $15.6m ($40.8m)
Proceeds From Stock Option Exercised — — — — — — $572k $146k $210k $15k
Purchase Of Business — — — — — $0 ($4.6m) $0 $0 —
Purchase Of PPE $143k $1.4m $2.0m $1.1m $1.1m $2.5m ($1.0m) ($1.9m) ($1.2m) ($1.7m)
Repurchase Of Capital Stock — — — — — — ($11k) ($31k) ($4k) ($807k)
Sale Of PPE — — — — — — $0 $0 $3.9m $2.3m
Stock Based Compensation — — — — — — $395k $712k $940k $2.9m
Derivative, Gain (Loss) on Derivative, Net — — — — — — $65k $18.1m $4.3m $1.3m
Net Cash Provided by (Used in) Operating Activities $18.0m $24.6m $41.4m $36.8m $29.7m $27.7m $12.4m $28.8m $19.5m $10.8m
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment $143k $1.4m $2.0m $1.1m $1.1m $2.5m $1.0m $1.9m $1.2m $1.7m
Payments to Acquire Businesses, Net of Cash Acquired — — — — — — $4.6m — — —
Net Investment Purchase And Sale — — — — — — $11.0m $13.5m ($4.9m) $98.1m
Purchase Of Investment — — — — — — ($39.4m) ($15.9m) ($43.1m) ($92.1m)
Sale Of Investment — — — — — — $50.5m $29.4m $38.2m $190.2m
Net Other Investing Changes — — — — — — ($8.6m) $14.0m $4.5m $55.7m
Net Cash Provided by (Used in) Investing Activities — ($62.0m) ($93.7m) ($5.0m) ($204.3m) — — — $108.3m ($158.2m)
Cash flows from financing activities:
Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale — $8.0m $14.4m $26.3m $50.1m $37.9m $37.0m $27.6m $35.6m $37.4m
Issuance Of Debt — — — — — — $325.0m $20.4m $0 $25.0m
Long Term Debt Issuance — — — — — $0 $0 $20.4m — —
Net Issuance Payments Of Debt — — — — — — $205.7m ($274.6m) ($33.2m) $22.6m
Net Long Term Debt Issuance — — — — — — ($100.0m) $20.4m ($3.2m) ($2.4m)
Net Short Term Debt Issuance — — — — — — $305.7m ($295.0m) ($30.0m) $25.0m
Short Term Debt Issuance — — — — — $0 $325.0m — $0 $25.0m
Long Term Debt Payments — — — — — — ($100.0m) $0 ($3.2m) ($2.4m)
Repayment Of Debt — — — — — — ($119.3m) ($295.0m) ($33.2m) ($2.4m)
Short Term Debt Payments — — — — — — ($19.3m) ($295.0m) ($30.0m) $0
Net Common Stock Issuance — — — — — — ($11k) ($31k) ($4k) ($807k)
Payments for Repurchase of Common Stock — — — — — — — — — $807k
Payments of Ordinary Dividends, Common Stock $4 $6 $8 $9 $10 $10 $10 $10 $10 $10
Common Stock Payments — — — — — — ($11k) ($31k) ($4k) ($807k)
Other Interest and Dividend Income $644k $1.2m $2.3m $2.1m $1.4m $1.8m $2.2m $13.5m $3.8m $4.0m
Cash Dividends Paid — — — — — — ($9.9m) ($9.9m) ($9.9m) ($9.9m)
Common Stock Dividend Paid — — — — — — ($9.9m) ($9.9m) ($9.9m) ($9.9m)
Net Other Financing Charges — — — — — ($20.0m) — $23.7m $254k —
Net Cash Provided by (Used in) Financing Activities — $15.5m $55.4m ($28.4m) $338.9m $296.2m $152.1m $283.6m ($140.9m) $226.6m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect — — $3.1m $3.3m $164.3m $334.0m ($452.3m) ($306k) ($13.0m) $79.1m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — — $28.6m $31.9m $196.2m $530.2m $77.9m $77.6m $64.5m $143.6m
Supplemental disclosure of cash flow information:
Change In Cash Supplemental As Reported — — — — — — ($452.3m) ($306k) ($13.0m) $79.1m
Interest Paid, Excluding Capitalized Interest, Operating Activities — $14.6m $26.1m $36.0m $28.0m $20.2m $20.2m $91.8m $107.2m $89.6m
Income Taxes Paid, Net — — $6.7m $4.9m $7.7m $6.2m $3.0m $5.8m $2.3m ($483k)

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.