Primis Financial Corp. reported a net loss available to common shareholders of $14.7 million, or $0.59 loss per share, for Q4 2024, compared to a net loss of $8.2 million, or $0.33 loss per share, for Q4 2023. The results were significantly impacted by the decision to move a third-party originated consumer loan portfolio to held for sale.
Made strategic moves to maximize strategic value, including neutralizing consumer loan credit impacts.
Sold Life Premium Finance business and launched a mortgage warehouse lending business.
Exploring avenues to maximize shareholder value, including improving earnings and deconsolidating Panacea Financial Holdings.
Core bank finished the year with $2.2 billion in customer deposits.
The Company’s strategies are profitable and remarkably scalable given our size.
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