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Primis Financial Corp. (FRST)

Primis Financial Corp. (FRST)

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Cash Flow Overview

Free Cash flow
-$6,002K
Unit: Thousand (K) dollars
Positive Cash Flow Breakdown
    • Proceeds from sales of loans ori...
    • Increase in short-term fhlb adva...
    • Net increase in deposits
    • Others
Negative Cash Flow Breakdown
    • Originations of loans held for s...
    • Net change in loans held for inv...
    • Net gains on loans held for sale
    • Others
Cash Flow
2026-06-30
2026-03-31
2025-12-31
2025-09-30
Net income
9,426
7,312
29,540
6,830
Depreciation and amortization
3,266
3,395
2,820
2,029
Net amortization of premiums and (accretion of discounts)
153
38
-12
-110
Provision for credit losses
5,452
1,549
2,439
-49
Originations of loans held for sale
399,675
390,092
-
-
Purchases of cloud computing arrangement assets
-
-
278
-
Proceeds from sales of loans originated to sell
-403,516
-331,513
-
0
Net gains on loans held for sale
8,103
7,300
-46,298
16,092
Net gains on mortgage banking
4,549
3,460
9,992
8,887
Net gains on sale of loans originated as held for investment
320
567
1,470
459
Proceeds from sales of assets held for sale
-
-
-
-1,326
(gains) losses on other investments
6,010
-
33
381
(gain) loss on bank premises and equipment and assets held for sale
-40
-
0
80
Earnings on bank-owned life insurance
729
472
466
456
Gain on bank-owned life insurance death benefit
-
-
-
0
Stock-based compensation expense
328
113
2,843
12
Gain on sale-leaseback of bank premises
-
-
50,573
-
Loss on sales of investment securities
-
-
-14,777
-
Gains on panacea financial holdings investment
400
-
20
294
Deferred income tax (benefit) expense
1,144
-298
908
-1,780
Net change in fair value of consumer program derivative
-
-
250
768
Net increase in other assets
3,355
8,642
-5,696
-1,996
Net increase (decrease) in other liabilities
-3,214
-195
2,332
96
Net cash and cash equivalents used in operating activities
-5,704
-54,362
28,735
-11,381
Proceeds from sales of investment securities
-
-
129,013
-
Purchases of securities available-for-sale
5,835
8,265
73,623
0
Proceeds from paydowns, maturities and calls of securities available-for-sale
8,659
6,770
9,801
8,935
Proceeds from paydowns, maturities and calls of securities held-to-maturity
199
185
294
294
Net (increase) decrease in frb and fhlb stock
-3,325
-9,977
2,850
-4,037
Net change in loans held for investment
76,418
120,487
127,243
125,273
Proceeds from sales of loans initially originated to be held for investment
929
7,366
56,634
4,191
Proceeds from sales of bank premise and equipment and assets held for sale
-
-
2,308
-
Proceeds from sale-leaseback of bank premises
-
-
56,875
-
Purchase of bank-owned life insurance
0
7,516
-
-
Purchases of bank premises and equipment
298
204
1,734
-
Proceeds from sale of panacea financial holdings investment
-
-
0
22,091
Proceeds from sale of other investment
-
-
0
432
Proceeds from liquidation of insurance agency investment
-7,590
-
-
-
Net decrease in other investments
122
80
79
-49
Net cash and cash equivalents used in investing activities
-68,377
-132,048
55,254
-93,580
Net increase in deposits
23,276
27,480
59,233
-6,321
Increase in securities sold under agreements to repurchase
-449
27
402
416
Repayments of secured borrowings, net
-285
-323
-630
-1,046
Repayment of short-term fhlb advances
-
-
-
0
Cash dividends paid on common stock
2,480
2,559
2,464
2,464
Repurchase of common stock
-
-
0
0
Proceeds from exercised stock options
-
-
0
15
Repurchase of restricted stock
-
-
-
0
Proceeds from exercised stock options
65
113
-
-
Increase in short-term fhlb advances
70,000
205,000
-60,000
85,000
Issuance of panacea financial holdings stock, net of costs
-
-
-
0
Repayment of senior subordinated notes
0
27,000
-
-
Net cash and cash equivalents provided by financing activities
91,025
202,684
-4,263
74,768
Net change in cash and cash equivalents
16,944
16,274
79,726
-30,193
Cash and cash equivalents at beginning of period
159,881
143,607
63,881
64,505
Cash and cash equivalents at end of period
176,825
159,881
143,607
63,881
Unit: Thousand (K) dollars (except for numbers of shares and EPS). Numbers labeled with * are estimated quarterly values.

Time Plot

Show the time plot by selecting a row from the table.

Cash Flow

Increase in short-termfhlb advances$70,000K Net increase indeposits$23,276K (-85.64%↓ Y/Y)Increase in securitiessold under...-$449K (0.66%↑ Y/Y)Proceeds from exercisedstock options$65K Net cash and cashequivalents provided by...$91,025K (-41.67%↓ Y/Y)Canceled cashflow$2,765K Net change in cashand cash...$16,944K (-42.70%↓ Y/Y)Canceled cashflow$74,081K Cash dividends paidon common stock$2,480K (-49.85%↓ Y/Y)Repayments of securedborrowings, net-$285K (61.80%↑ Y/Y)Proceeds from paydowns,maturities and calls of...$8,659K (-53.65%↓ Y/Y)Proceeds fromliquidation of insurance...-$7,590K Proceeds from sales ofloans initially...$929K (-98.24%↓ Y/Y)Proceeds from paydowns,maturities and calls of...$199K (-65.98%↓ Y/Y)Net decrease inother investments$122K Proceeds from sales ofloans originated to...-$403,516K (-3201.01%↓ Y/Y)Net income$9,426K (-56.10%↓ Y/Y)Provision for creditlosses$5,452K (-44.92%↓ Y/Y)Depreciation andamortization$3,266K (-27.52%↓ Y/Y)Stock-based compensationexpense$328K (569.39%↑ Y/Y)Net cash and cashequivalents used in...-$68,377K (42.97%↑ Y/Y)Net cash and cashequivalents used in...-$5,704K (13.41%↑ Y/Y)Canceled cashflow$17,499K Canceled cashflow$421,988K Net change in loansheld for investment$76,418K (-56.03%↓ Y/Y)Originations of loans held forsale$399,675K Purchases of securitiesavailable-for-sale$5,835K (-68.39%↓ Y/Y)Net (increase)decrease in frb and fhlb...-$3,325K (-8625.64%↓ Y/Y)Purchases of bank premisesand equipment$298K Net gains on loansheld for sale$8,103K (-55.83%↓ Y/Y)(gains) losses on otherinvestments$6,010K (2456.86%↑ Y/Y)Net gains onmortgage banking$4,549K (-66.32%↓ Y/Y)Net increase inother assets$3,355K (31.98%↑ Y/Y)Net increase(decrease) in other...-$3,214K (-239.25%↓ Y/Y)Deferred income tax(benefit) expense$1,144K (120.45%↑ Y/Y)Earnings on bank-ownedlife insurance$729K (-15.53%↓ Y/Y)Gains on panaceafinancial holdings...$400K (-98.75%↓ Y/Y)Net gains on sale ofloans originated as...$320K Net amortization ofpremiums and (accretion...$153K (187.43%↑ Y/Y)(gain) loss on bankpremises and equipment...-$40K (-136.04%↓ Y/Y)