CSIMarket Company Name, Ticker, Customers, else..
 
Primis Financial Corp   (FRST)
Other Ticker:  
 
    Sector • Financial    Industry • Regional Banks
   Industry • Regional Banks
   Sector • Financial
 
Price: $11.7300 $0.24 2.089%
Day's High: $11.83 Week Perf: 1.47 %
Day's Low: $ 11.49 30 Day Perf: 4.08 %
Volume (M): 42 52 Wk High: $ 13.69
Volume (M$): $ 487 52 Wk Avg: $11.25
Open: $11.49 52 Wk Low: $7.54



 Market Capitalization (Millions $) -
 Shares Outstanding (Millions) -
 Employees 51
 Revenues (TTM) (Millions $) -
 Net Income (TTM) (Millions $) 5
 Cash Flow (TTM) (Millions $) -17
 Capital Exp. (TTM) (Millions $) 2

Primis Financial Corp
Primis Financial Corp is a comprehensive financial services provider operating in the United States. The company was founded in 1993, and its headquarters are located in Scottsdale, Arizona. Over the years, the company has grown to become one of the leading financial services providers in the country, offering a wide range of services to individuals and businesses.

Primis Financial Corp operates through several subsidiaries that conduct business under different brand names. These subsidiaries provide services such as mortgage lending, loan servicing, insurance, and asset management. The company has a strong presence in the mortgage industry and is known for its innovative mortgage solutions that cater to the needs of a diverse clientele.

One of the company's major subsidiaries is Castle & Cooke Mortgage, which provides mortgage lending services to homebuyers and homeowners across the country. Through this subsidiary, Primis Financial Corp offers a variety of loan programs, including conventional, FHA, VA loans, and jumbo loans. The company's mortgage experts work closely with borrowers to understand their unique needs and help them find the best loan solution to meet their financial goals.

Another major subsidiary of Primis Financial Corp is Encore Capital Group, which specializes in debt management and the purchase of charged-off consumer debt. The company's services include debt collection, portfolio management, and legal recovery. Encore Capital Group operates in several countries, including the United States, Canada, India, and Costa Rica.

Primis Financial Corp is committed to providing its clients with exceptional customer service, and its subsidiaries have received numerous industry awards and recognition for their high-quality services. The company's dedication to maintaining strong relationships with its clients has helped it build a solid reputation in the financial services industry.

Overall, Primis Financial Corp is a well-respected financial services provider that offers a diverse range of services to clients across the country. With its innovative solutions, commitment to customer service, and focus on building long-term relationships, the company is well-positioned to continue its growth and success in the future.


   Company Address: 1676 International Drive, Suite 900 McLean 22102 VA
   Company Phone Number: 893-7400   Stock Exchange / Ticker: NASDAQ FRST


Customers Net Income fell by FRST's Customers Net Profit Margin fell to

-39.7 %
11.38 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
BK        2.36% 
CFG        3.5% 
FITB        3.98% 
MTB        4.14% 
NTRS        2.18% 
SIVB   -5.37%    
• View Complete Report
   



Primis Financial Corp

Primis Financial Corp's Revenue Soars in Q2 2023, But Profitability Remains Elusive: What's Holding the Regional Bank Back?



Investors closely following Primis Financial Corp's performance have witnessed a mixed bag of results in the second quarter of the 2023 earnings season. While the regional bank recorded a notable 13.157% revenue increase compared to the same period a year ago, the company slipped into a deficit of $-0.01 per share. This reveals a disparity when compared to its peers, who reported an average business advance of 13.23% during the same time frame.
Reviewing Previous Results:
To understand the present performance of Primis Financial Corp, it is important to consider its historical data. During the previous reporting season, the company experienced a decline in revenue by -12.697% from $34.76 million. Additionally, earnings per share (EPS) fell from $0.23 to an EPS deficit in the current quarter. This emphasizes the need for a closer look into Primis Financial Corp's strategic decisions and execution.
Current Financial Position:
In the second quarter of the 2023 earnings season, Primis Financial Corp logged a net deficit of $-0.188 million, which contrasts with their net earnings of $5.009 million achieved during the comparable reporting season a year before. While the revenue growth is promising, the company's inability to turn this into profitability raises questions about its operational efficiency and cost management.






Primis Financial's Segments





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