Primis Financial Corp. (NASDAQ: FRST) reported a significant increase in net income for the second quarter of 2025, with net income available to common shareholders reaching $8.4 million, or $0.34 per diluted share. This marks a substantial improvement from the $3.4 million, or $0.14 per diluted share, reported for the same quarter in 2024. For the first half of 2025, the company reported net income of $31.1 million, or $1.26 per diluted share, compared to $5.9 million, or $0.24 per diluted share, for the first six months of 2024. The company completed the sale of a portion of its ownership in Panacea Financial Holdings, Inc., generating proceeds of $22.1 million and a pre-tax gain of $7.5 million. Primis Mortgage closed $323 million in loans, marking a 52% increase from the same quarter in 2024. The company anticipates reducing technology costs, with expected savings beginning late in the third quarter of 2025, alongside a reduction in quarterly expenses by approximately $1.5 million. The company has shown progress in its core community bank and business lines, with expectations for continued growth through the rest of 2025 and into 2026.