← 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
Other operating expenses $3.0m $6.0m $7.2m $10.2m $8.0m $9.6m $10.4m $8.2m $10.9m $10.9m
Interest income:
Noninterest income:
Additional Financial Items
Other Interest and Dividend Income $644k $1.2m $2.3m $2.1m $1.4m $1.8m $2.2m $13.5m $3.8m $4.0m
Bank Owned Life Insurance Income $700k $929k $2.0m $1.7m $1.6m $1.7m $2.0m $2.0m $2.4m $1.8m
Amortization of Intangible Assets $219k $845k $1.4m $1.4m $1.4m $1.4m $1.3m $1.3m $1.3m $602k
Depreciation, Depletion and Amortization, Nonproduction — — — $2.3m $2.0m $2.4m $2.5m $2.4m $2.2m $2.0m
Goodwill, Impairment Loss — — — — $0 $0 $0 $11.2m — —
Income (Loss) from Continuing Operations, Per Basic Share $0.84 $0.13 $1.40 $1.38 $0.96 $1 $1 ($0) ($1) $2.49
Income (Loss) from Continuing Operations, Per Diluted Share $0.83 $0.13 $1.39 $1.36 $0.96 $1 $1 ($0) ($1) $2.49
Interest Income, Operating — — — — — — — — $211.0m $200.4m
Interest and fees on loans $45.3m $77.8m $110.2m $112.2m $111.6m $107.0m $117.9m $172.8m $199.9m $188.9m
Interest and dividends on taxable securities $3 $4 $6 $6 $4 $4 $6 $6 $7 $7
Interest and dividends on tax exempt securities $0 $0 $1 $1 $0 $0 $0 $0 $0 $0
Interest and dividends on other earning assets $1 $1 $2 $2 $1 $2 $2 $13 $4 $4
Interest on deposits $8.1m $11.0m $18.2m $30.6m $20.3m $13.1m $13.3m $83.7m $95.7m $79.4m
Interest on other borrowings — $2.2m $6.1m $2.8m $952k $360k $8.3m $10.2m $11.1m $9.6m
Net interest income $40.3m $67.9m $91.1m $83.6m $91.6m $94.2m $104.5m $98.7m $104.2m $111.4m
Provision for credit losses — — $4.2m $350k $19.4m ($5.8m) $11.3m $32.5m $50.6m $12.3m
Net interest income after provision for credit losses $35.4m $59.3m $86.9m $83.2m $72.2m $100.0m $93.2m $66.2m $53.6m $99.1m
Account maintenance and deposit service fees $896k $3.6m $6.0m $7.2m $6.5m $7.3m $5.7m $5.7m $5.8m $5.7m
Income from bank-owned life insurance $700k $929k $2.0m $1.7m $1.6m $1.7m $2.0m $2.0m $2.4m $1.8m
Mortgage banking income — — — — — — $5.1m $17.6m $23.9m $32.4m
Gains on sale of loans — — — — — — — $583k $303k $1.9m
Loss on sales of investment securities — $255k — — ($620k) — — — — ($14.8m)
Gains on other investments — — — — — — $4.1m $184k $408k $159k
Consumer Program derivative income — — — — — $3k $65k $18.1m $4.3m $1.3m
Other noninterest income $115k $1.0m $541k $1.0m $703k $730k $1.3m $1.5m $1.6m $948k
Salaries and benefits $11.7m $20.3m $27.7m $26.3m $36.7m $36.7m $49.0m $58.8m $66.6m $79.1m
FDIC insurance assessment $543k $802k $1.1m — — $804k $890k $2.9m $2.5m $3.7m
Loss (gain) on bank premises and equipment and assets held for sale — — — — — — $684k $476k ($463k) ($191k)
Professional fees — $1.8m $1.6m $3.6m $4.7m $5.5m $4.8m $4.6m $10.4m $10.9m
Goodwill impairment — — — — — $0 $0 $11.2m — —
Fraud losses — — — — — $75k $108k $3.3m $2.0m $232k
Income (loss) before income taxes $15.4m $15.6m $43.3m $39.2m $29.9m $39.7m $22.3m ($11.2m) ($28.9m) $72.6m
Net loss attributable to noncontrolling interests — — — — — — — $2.3m $8.5m $3.6m
Unrealized gain on available-for-sale securities ($284k) ($309k) ($1.5m) $4.3m $2.8m ($3.2m) ($34.1m) $5.2m $742k $9.2m
Other comprehensive income, before tax ($272k) ($551k) ($1.5m) $4.3m $3.4m ($3.0m) ($34.1m) $5.2m $742k $23.9m
Other comprehensive income, net of tax ($179k) ($363k) ($1.2m) $3.4m $2.7m ($2.4m) ($27.0m) $4.1m $545k $18.6m
Comprehensive income (loss) $10.1m $2.1m $32.5m $36.5m $26.0m $28.9m ($9.2m) ($3.8m) ($15.7m) $80.0m
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest $15.4m $15.6m $43.3m $39.2m $29.9m $39.7m $17.3m ($11.2m) ($28.9m) $72.6m
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 — — — —
Total interest and dividend income $48.9m $83.6m $118.9m $120.5m $117.8m $113.2m $126.1m $192.6m $211.0m $200.4m
Total noninterest income $2.8m $5.4m $10.2m $12.6m $25.5m $11.1m $21.3m $45.2m $43.1m $112.3m
Less: reclassification adjustment for losses on available-for-sale securities included in net income — ($255k) — — $620k — — — — $14.7m
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 $10.3m $2.4m $33.7m $33.2m $23.3m $31.0m $14.1m ($7.8m) ($16.2m) $61.4m
Net Income (Loss) Attributable to Noncontrolling Interest — — — — — — — ($2.3m) ($8.5m) ($3.6m)
Earnings Per Share, Basic $0.84 $0.13 $1.40 $1.38 $0.96 $1 $0.58 ($0.32) ($0.66) $2.49
Earnings Per Share, Diluted $0.83 $0.13 $1.39 $1.36 $0.96 $1 $0.57 ($0.32) ($0.66) $2.49
Weighted Average Number of Shares Outstanding, Basic 12k 18.4m 24.0m 24.1m 24.2m 24.4m 24.6m 24.6m 24.7m 24.7m
Weighted Average Number of Shares Outstanding, Diluted 12k 18.7m 24.3m 24.3m 24.4m 24.6m 24.7m 24.6m 24.7m 24.7m
Noninterest expense:
Labor and Related Expense $11.7m $20.3m $27.7m $26.3m $36.7m $36.7m $49.0m $58.8m $66.6m $79.1m
Equipment Expense $975k $2.2m $2.8m $2.7m $2.7m $3.6m $5.2m $6.4m $7.3m $7.5m
Business Combination, Acquisition Related Costs — $9.4m — — — — $400k — — —
Financing Receivable Excluding Accrued Interest Credit Loss Expense Reversal — — $4.2m $350k $19.4m ($5.8m) $11.3m $32.5m $50.6m $12.3m
Operating Lease, Expense — — — — — — — $600k $300k —
Other Cost and Expense, Operating — — — — — — — — $48.5m $49.2m
Occupancy expenses $3.2m $4.8m $6.6m $6.2m $6.1m $6.0m $5.6m $6.2m $5.4m $6.9m
Furniture and equipment expenses $975k $2.2m $2.8m $2.7m $2.7m $3.6m $5.2m $6.4m $7.3m $7.5m
Virginia franchise tax expense $387k $969k $1.8m $2.3m $2.5m $2.9m $3.3m $3.4m $2.5m $2.3m
Data processing expense $744k $1.1m $1.9m $2.4m $3.2m $3.9m $6.0m $9.5m $10.6m $10.7m
Marketing expense — — — — $1.8m $1.7m $3.1m $1.8m $1.9m $2.2m
Telephone and communication expense $745k $1.4m $2.0m $1.6m $1.5m $1.8m $1.4m $1.5m $1.3m $1.3m
Miscellaneous lending expenses — — — — — $1.1m $1.7m $3.0m $3.3m $2.6m
Interest Expense $8.6m $15.7m $27.8m $36.9m $26.1m $19.0m $21.6m $93.9m $106.7m $89.0m
Current Income Tax Expense (Benefit) $5.1m $3.5m $6.5m $4.7m $8.2m $2.7m $6.5m $2.6m $30k $8.2m
Income tax expense related to other comprehensive income ($93k) ($188k) ($324k) $897k $719k ($669k) ($7.2m) $1.2m $197k $5.3m
Interest Income (Expense), Net $40.3m $67.9m $91.1m $83.6m $91.6m $94.2m $101.7m $98.7m $104.2m $111.4m
Total interest expense $8.6m $15.7m $27.8m $36.9m $26.1m $19.0m $21.6m $93.9m $106.7m $89.0m
Total noninterest expenses $22.8m $49.1m $53.8m $56.6m $67.7m $71.4m $92.3m $122.6m $125.6m $138.9m
Income Tax Expense (Benefit) $5.1m $13.1m $9.6m $6.1m $6.6m $8.7m $3.2m ($1.1m) ($4.2m) $14.7m

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