Primis Financial Corp reports results for the quarter ended June 30 - Earnings Summary

• Primis Financial Corp FRST.OQ reported quarterly adjusted earnings of 11 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 32 cents. The mean expectation of two analysts for the quarter was for earnings of 22 cents per share. Wall Street expected results to range from 19 cents to 24 cents per share.

• Revenue fell 7.7% to $25.49 million from a year ago; analysts expected $28.27 million.

• Primis Financial Corp's reported EPS for the quarter was 34 cents​.

• The company reported quarterly net income of $8.43 million.

• Primis Financial Corp shares had risen by 11.5% this quarter and gained 3.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 35% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

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 "buy."

• Wall Street's median 12-month price target for Primis Financial Corp is $12.38, about 5.5% above its last closing price of $11.69

This summary was machine generated from LSEG data July 24 at 09:41 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)