Primis Financial Corp reports results for the quarter ended March 31 - Earnings Summary

Reuters
30 Apr
Primis Financial Corp reports results for the quarter ended March 31 - Earnings Summary
  • Primis Financial Corp FRST.OQ reported quarterly adjusted earnings of 14 cents​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of 26 cents. The lone analyst forecast for the quarter was for earnings of 25 cents per share.

  • Revenue fell 6.9% to $26.36 million from a year ago; analysts expected $26.88 million.

  • Primis Financial Corp's reported EPS for the quarter was 11 cents​.

  • The company reported quarterly net income of $2.68 million.

  • Primis Financial Corp shares had fallen by 14.0% this quarter and lost 28.0% so far this year.

FORECAST CHANGES

  • The mean earnings estimate of analysts had risen by about 92.3% in the last three months.​

  • In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

  • The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 2 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the banks peer group is also "strong buy"

  • Wall Street's median 12-month price target for Primis Financial Corp is $12.00

This summary was machine generated from LSEG data April 29 at 11:09 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)

QUARTER ENDING

ESTIMATE

ACTUAL

BEAT, MET, MISSED

Mar. 31 2025

0.25

0.14

Missed

Dec. 31 2024

0.11

-0.65

Missed

Sep. 30 2024

0.43

0.08

Missed

Jun. 30 2024

0.39

0.32

Missed

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