Primis Financial Corp. Files 2024 Annual Report
Ticker: FRST · Form: 10-K · Filed: Apr 29, 2025 · CIK: 1325670
| Field | Detail |
|---|---|
| Company | Primis Financial CORP. (FRST) |
| Form Type | 10-K |
| Filed Date | Apr 29, 2025 |
| Risk Level | medium |
| Sentiment | neutral |
Sentiment: neutral
Topics: annual-report, financials, banking
TL;DR
Primis Financial Corp. 2024 10-K is in. Shows assets, liabilities, and loan activity. Check it out.
AI Summary
Primis Financial Corp. filed its 10-K for the fiscal year ending December 31, 2024. The company, formerly Southern National Bancorp of Virginia Inc., reported on its financial position, including assets and liabilities. A significant event noted was the origination and servicing of consumer loans, with a subsequent event occurring between March 1, 2025, and March 31, 2025.
Why It Matters
This filing provides investors and stakeholders with a comprehensive overview of Primis Financial Corp.'s financial performance and condition for the fiscal year 2024, including details on its loan portfolios and capital structure.
Risk Assessment
Risk Level: medium — The filing is a standard annual report and does not inherently indicate elevated risk without further analysis of its contents.
Key Numbers
- 24722734 — Derivative Assets (Reported value for derivative assets as of December 31, 2024.)
- 24693172 — Derivative Assets (Reported value for derivative assets as of December 31, 2023.)
Key Players & Entities
- Primis Financial Corp. (company) — Filer of the 10-K
- Southern National Bancorp of Virginia Inc. (company) — Former name of Primis Financial Corp.
- December 31, 2024 (date) — Fiscal year end for the report
- March 1, 2025 (date) — Start date of a subsequent event period
- March 31, 2025 (date) — End date of a subsequent event period
FAQ
What was the total value of Primis Financial Corp.'s derivative assets at the end of fiscal year 2024?
Primis Financial Corp.'s derivative assets were valued at $24,722,734 as of December 31, 2024.
What was the previous name of Primis Financial Corp.?
Primis Financial Corp. was formerly known as Southern National Bancorp of Virginia Inc.
When did the company change its name?
The company changed its name from Southern National Bancorp of Virginia Inc. on May 2, 2005.
What type of loan portfolio segment is mentioned in the filing?
The filing mentions the Commercial Real Estate Portfolio Segment and Third Party Originated and Serviced Consumer Loan Portfolio.
What is the SIC code for Primis Financial Corp.?
The Standard Industrial Classification (SIC) code for Primis Financial Corp. is 6022, which corresponds to State Commercial Banks.
Filing Details
This Form 10-K (Form 10-K) was filed with the SEC on April 29, 2025 regarding Primis Financial Corp. (FRST).