#United States #McLean #Primis Financial #stock repurchase #Nasdaq FRST

Primis Financial Corp. Stock Repurchase Program

Primis Financial Corp., trading under NASDAQ symbol FRST, has taken a significant step to enhance shareholder value by announcing a new stock repurchase program. On December 18, 2025, the company’s board of directors approved this initiative, which allows for the repurchase of up to 750,000 shares of its common stock. This program is set to run until December 18, 2026, and underscores Primis's commitment to actively manage its capital and enhance shareholder returns.

Details of the Repurchase Program

The stock repurchase program allows Primis to buy back its shares through open market purchases or privately negotiated transactions. Such repurchases are carefully structured to comply with Rule 10b-18 of the Securities Exchange Act of 1934, ensuring they align with applicable legal frameworks. Moreover, the repurchase activities could take place through trading plans authorized under Rule 10b5-1, which offers flexibility in execution during various trading circumstances.

In its previous repurchase initiative, Primis successfully acquired 79,549 shares, averaging $10.00 per share. The exact timing and extent of share repurchases under the new program will depend on a variety of factors, including market conditions and the company’s performance. This allows Primis to make informed decisions regarding its capital management strategy based on current economic indicators.

Implications for Shareholders

This repurchase plan is particularly significant for investors, signaling that the company is in a strong financial position and outlook. By reducing the number of outstanding shares, Primis is effectively increasing the ownership percentage of existing shareholders, potentially leading to higher earnings per share and improved stock performance.

The board has made it clear that while there is no obligation to repurchase a specific number of shares, they will monitor market conditions and performance closely to inform their buyback strategy. This flexibility offers the company the ability to respond to market fluctuations and optimize share value proactively.

As of September 30, 2025, Primis Financial Corp. reported total assets of $4.0 billion, with loans held for investment totaling $3.2 billion and deposits reaching $3.3 billion. The bank, which operates twenty-four branches across Virginia and Maryland, has proven its capacity to navigate financial landscapes effectively.

Company Background

Primis Financial Corp. is dedicated to providing a broad range of financial services to both individuals and small to medium-sized businesses. With a robust technology framework supporting its online and mobile applications, the company stands as a modern institution well-suited to the fast-evolving digital banking environment.

Primis's strategic growth initiatives include not only the stock buyback plan but also the expansion of its Panacea Financial Division and enhancements to its digital banking offerings, including the V1BE fulfillment service. These initiatives demonstrate its commitment to remaining competitive in an increasingly digital financial services landscape.

In conclusion, the reauthorization of the stock repurchase program is a move that reflects Primis Financial Corp.'s ongoing commitment to support shareholder interests while managing its capital in a disciplined manner. With a solid financial background and a focus on strategic growth initiatives, Primis appears to be well-poised for future success in the financial sector.