Primis Financial Corp. reported net income from continuing operations of $5.0 million, with earnings per share of $0.20. The company completed the acquisition of SeaTrust Mortgage Company and saw revenue growth outpacing expenses.
Net income from continuing operations was $5.0 million.
Earnings per share from continuing operations were $0.20 on a basic and diluted basis.
Total revenue increased 12.5% to $27.2 million compared to the same quarter last year.
Completed the acquisition of SeaTrust Mortgage Company.
The Company expects loan growth will continue at a similar pace as the first half of 2022 for the rest of the year and could reduce the operating efficiency to below 63% by year end.
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