Primis Financial Corp.
For the period ended Dec 5, 2025. Filed Dec 8, 2025.
View on SEC.govAbout this filing
A notice of a major event between regular reports, such as results, a deal or a change of executives. It is often the first formal record of the news.
Dec 5, 2025 · Filed Dec 8, 2025
Use the contents to explore the available documents and sections.
Contents
EX-99.1 · BOLI Restructuring
BOLI Restructuring
The Bank intends to restructure lower yielding BOLI assets into higher yielding policies and funding incremental required policies. The one-time costs associated with the transaction are expected to be less than $100 thousand while earnings improvement is estimated at $1.2 million annually.
Roll forward of 3Q25 Earnings
A roll forward of the Company’s earnings reflecting the expected impact of the transaction and subsequent restructuring is seen below:
| Consolidated Impact | Reported 3Q25 | Impacts of Restructure | Proforma 3Q25 | % Change |
|---|---|---|---|---|
| Net Interest Income | 29,032 | 2,231 | 31,263 | 7.7% |
| Provision | (49) | - | (49) | 0.0% |
| Non-int Income | 11,969 | 365 | 12,334 | 3.0% |
| Non-int Expense | 32,313 | 1,340 | 33,653 | 4.1% |
| Pre-Tax Income | 8,737 | 1,255 | 9,992 | 14.4% |
| Tax Expense | 1,907 | 228 | 2,135 | 12.0% |
| Net Income | 6,830 | 1,027 | 7,857 | 15.0% |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.