← Primis Financial Corp.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income (Loss) Attributable to Parent | $10.3m |
$2.4m
-76.48%
|
$33.7m
+1289.32%
|
$33.2m
-1.56%
|
$23.3m
-29.79%
|
$31.2m
+34.19%
|
$14.1m
-54.72%
|
($7.8m)
-155.36%
|
($16.2m)
-106.91%
|
$61.4m
+479.16%
|
— | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | — | $2.4m | $33.7m | $33.2m | $23.3m | $31.2m | $14.1m | ($10.1m) | ($24.7m) | $57.8m | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | — | — | — | — | — | — | — | ($2.3m) | ($8.5m) | ($3.6m) | — | |
| Depreciation and amortization | — | — | — | $2.3m | $2.0m | $2.4m | $2.5m | $2.4m | $2.2m | $2.0m | $11.5m | |
| Amortization of Intangible Assets | $219k | $845k | $1.4m | $1.4m | $1.4m | $1.4m | $1.3m | $1.3m | $1.3m | $602k | — | |
| Depreciation, Nonproduction | $798k | $2.2m | $3.3m | $5.6m | $5.3m | $5.6m | $7.4m | $9.1m | $8.9m | $9.4m | $11.5m | |
| Depreciation Amortization Depletion | — | — | — | — | — | — | $7.4m | $9.1m | $8.9m | $9.4m | $11.5m | |
| Deferred Income Tax Expense (Benefit) | $29k | $9.7m | $3.1m | $1.4m | ($1.6m) | $6.1m | ($3.3m) | ($3.7m) | ($4.3m) | $6.5m | $26k | |
| Deferred Tax | — | — | — | — | — | — | ($3.3m) | ($3.7m) | ($4.3m) | $6.5m | $26k | |
| Share-based Payment Arrangement, Noncash Expense | $260k | $251k | $280k | $432k | $1.5m | $747k | $395k | $712k | $940k | $2.9m | $3.3m | |
| Equity Method Investment, Other than Temporary Impairment | — | — | — | — | $0 | — | — | — | — | — | — | |
| Goodwill, Impairment Loss | — | — | — | — | $0 | $0 | $0 | $11.2m | — | — | $0 | |
| Asset Impairment Charge | — | — | — | — | — | — | $0 | $11.2m | $0 | $0 | $0 | |
| Equity Method Investment, Realized Gain (Loss) on Disposal | — | — | — | — | — | — | — | — | — | $32.3m | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Change In Working Capital | — | — | — | — | — | — | $10.6m | ($577k) | ($4.1m) | $9.9m | ($5.3m) | |
| Financing Receivable Excluding Accrued Interest Credit Loss Expense Reversal | — | — | — | — | — | — | $11.3m | $32.5m | $50.6m | $12.3m | — | |
| Increase (Decrease) in Other Operating Assets | ($2.9m) | ($6.1m) | ($213k) | $2.2m | $11.9m | $588k | $405k | $12.3m | $218k | ($5.2m) | — | |
| Increase (Decrease) in Other Operating Liabilities | $1.3m | ($3.7m) | ($2.9m) | $1.6m | $5.9m | ($7.6m) | ($640k) | $11.8m | ($3.9m) | $4.7m | — | |
| Change In Other Current Assets | — | — | — | — | — | — | $11.1m | ($12.3m) | ($218k) | $5.2m | ($4.3m) | |
| Change In Other Current Liabilities | — | — | — | — | — | — | ($565k) | $11.8m | ($3.9m) | $4.7m | ($981k) | |
| Net Cash Provided by (Used in) Operating Activities | $18.0m |
$24.6m
+36.42%
|
$41.4m
+68.54%
|
$36.8m
-11.28%
|
$29.7m
-19.32%
|
$27.7m
-6.66%
|
$12.4m
-55.09%
|
$28.8m
+131.77%
|
$19.5m
-32.23%
|
$10.8m
-44.87%
|
($42.7m)
-496.69%
|
|
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Property, Plant, and Equipment | $143k | $1.4m | $2.0m | $1.1m | $1.1m | $2.5m | $1.0m | $1.9m | $1.2m | $1.7m | ($1.9m) | |
| Equipment Expense | $975k | $2.2m | $2.8m | $2.7m | $2.7m | $3.6m | $5.2m | $6.4m | $7.3m | $7.5m | — | |
| Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale | — | $8.0m | $14.4m | $26.3m | $50.1m | $37.9m | $37.0m | $27.6m | $35.6m | $37.4m | — | |
| Debt Securities, Available-for-sale, Realized Gain (Loss) | — | — | — | — | ($620k) | — | — | — | — | ($14.8m) | — | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | — | — | — | — | — | $4.6m | — | — | — | $0 | |
| Net Other Investing Changes | — | — | — | — | — | — | ($8.6m) | $14.0m | $4.5m | $55.7m | $34.9m | |
| Net Cash Provided by (Used in) Investing Activities | — | ($62.0m) | ($93.7m) | ($5.0m) | ($204.3m) | — | — | — | $108.3m | ($158.2m) | ($238.8m) | |
| Cash flows from financing activities: | ||||||||||||
| Gain (Loss) on Extinguishment of Debt | — | — | — | — | — | $573k | $0 | — | — | — | — | |
| Issuance Of Debt | — | — | — | — | — | — | $325.0m | $20.4m | $0 | $25.0m | $20.4m | |
| Long Term Debt Issuance | — | — | — | — | — | $0 | $0 | $20.4m | — | — | $20.4m | |
| Long Term Debt Payments | — | — | — | — | — | — | ($100.0m) | $0 | ($3.2m) | ($2.4m) | ($29.3m) | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | $205.7m | ($274.6m) | ($33.2m) | $22.6m | $270.7m | |
| Net Long Term Debt Issuance | — | — | — | — | — | — | ($100.0m) | $20.4m | ($3.2m) | ($2.4m) | ($29.3m) | |
| Net Short Term Debt Issuance | — | — | — | — | — | — | $305.7m | ($295.0m) | ($30.0m) | $25.0m | $300.0m | |
| Repayment Of Debt | — | — | — | — | — | — | ($119.3m) | ($295.0m) | ($33.2m) | ($2.4m) | ($29.3m) | |
| Short Term Debt Issuance | — | — | — | — | — | $0 | $325.0m | — | $0 | $25.0m | $300.0m | |
| Short Term Debt Payments | — | — | — | — | — | — | ($19.3m) | ($295.0m) | ($30.0m) | $0 | ($25.0m) | |
| Payments for Repurchase of Common Stock | — | — | — | — | — | — | — | — | — | $807k | — | |
| Payments of Ordinary Dividends, Common Stock | $4 | $6 | $8 | $9 | $10 | $10 | $10 | $10 | $10 | $10 | ($10.0m) | |
| Common Stock Dividend Paid | — | — | — | — | — | — | ($9.9m) | ($9.9m) | ($9.9m) | ($9.9m) | ($10.0m) | |
| Common Stock Payments | — | — | — | — | — | — | ($11k) | ($31k) | ($4k) | ($807k) | $0 | |
| Net Common Stock Issuance | — | — | — | — | — | — | ($11k) | ($31k) | ($4k) | ($807k) | $0 | |
| Repurchase Of Capital Stock | — | — | — | — | — | — | ($11k) | ($31k) | ($4k) | ($807k) | $0 | |
| Other Interest and Dividend Income | $644k | $1.2m | $2.3m | $2.1m | $1.4m | $1.8m | $2.2m | $13.5m | $3.8m | $4.0m | — | |
| Cash Dividends Paid | — | — | — | — | — | — | ($9.9m) | ($9.9m) | ($9.9m) | ($9.9m) | ($10.0m) | |
| Net Other Financing Charges | — | — | — | — | — | ($20.0m) | — | $23.7m | $254k | — | $23.7m | |
| Net Cash Provided by (Used in) Financing Activities | — | $15.5m |
$55.4m
+257.68%
|
($28.4m)
-151.31%
|
$338.9m
+1291.98%
|
$296.2m
-12.59%
|
$152.1m
-48.65%
|
$283.6m
+86.46%
|
($140.9m)
-149.67%
|
$226.6m
+260.82%
|
$364.2m
+60.77%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | $3.1m | $3.3m | $164.3m | $334.0m | ($452.3m) | ($306k) | ($13.0m) | $79.1m | $176.8m | |
| Beginning Cash Position | — | — | — | — | — | — | $530.2m | $77.9m | $77.6m | $64.5m | $94.1m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | $28.6m | $31.9m | $196.2m | $530.2m | $77.9m | $77.6m | $64.5m | $143.6m | $176.8m | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Bank Owned Life Insurance Income | $700k | $929k | $2.0m | $1.7m | $1.6m | $1.7m | $2.0m | $2.0m | $2.4m | $1.8m | — | |
| Parent Company | $3.9m | $5.8m | $7.7m | $8.7m | $9.7m | $9.8m | $9.9m | $9.9m | $9.9m | $9.9m | — | |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | $14.6m | $26.1m | $36.0m | $28.0m | $20.2m | $20.2m | $91.8m | $107.2m | $89.6m | — | |
| Income Taxes Paid, Net | — | — | $6.7m | $4.9m | $7.7m | $6.2m | $3.0m | $5.8m | $2.3m | ($483k) | — | |
| Additional Financial Items | ||||||||||||
| Derivative, Gain (Loss) on Derivative, Net | — | — | — | — | — | — | $65k | $18.1m | $4.3m | $1.3m | — | |
| Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal | — | — | — | — | — | — | — | — | $4.7m | — | — | |
| Gain (Loss) on Disposition of Assets | — | — | — | — | — | — | ($684k) | ($476k) | $463k | ($191k) | — | |
| Gain (Loss) on Sale of Mortgage Loans | — | — | — | — | — | — | $5.1m | $17.6m | $23.9m | $32.4m | — | |
| Goodwill | $10.5m | $100.6m | $102.0m | $102.0m | $102.0m | $102.0m | $104.6m | $93.5m | $93.5m | $93.5m | $0 | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | $10.3m | $2.4m | — | — | — | — | — | — | — | — | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | — | — | — | — | — | $31.0m | $14.1m | ($10.1m) | — | — | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | — | — | — | — | — | $230k | — | — | — | — | — | |
| Income Tax Expense (Benefit) | $5.1m | $13.1m | $9.6m | $6.1m | $6.6m | $8.7m | $3.2m | ($1.1m) | ($4.2m) | $14.7m | — | |
| Noncash Merger Related Costs | $429k | $9.4m | — | — | — | — | — | — | — | — | — | |
| Operating Lease, Expense | — | — | — | — | — | — | — | $600k | $300k | — | — | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | $152.1m | $283.6m | ($140.9m) | $226.6m | $364.2m | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | ($616.9m) | ($312.8m) | $108.3m | ($158.2m) | ($238.8m) | |
| Cash From Discontinued Investing Activities | — | — | — | — | — | $4.7m | $0 | $0 | — | — | $0 | |
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | ($452.3m) | ($306k) | ($13.0m) | $79.1m | — | |
| Changes In Cash | — | — | — | — | — | — | ($452.3m) | ($306k) | ($13.0m) | $79.1m | $82.8m | |
| End Cash Position | — | — | — | — | — | — | $77.9m | $77.6m | $64.5m | $143.6m | $176.8m | |
| Financing Cash Flow | — | — | — | — | — | — | $152.1m |
$283.6m
+86.46%
|
($140.9m)
-149.67%
|
$226.6m
+260.82%
|
$364.2m
+60.77%
|
|
| Free Cash Flow | — | — | — | — | — | — | $11.4m | $26.9m | $18.3m | $9.0m | ($44.9m) | |
| Gain Loss On Investment Securities | — | — | — | — | — | — | $0 | $0 | ($4.7m) | $14.8m | $40.1m | |
| Gain Loss On Sale Of Business | — | — | — | — | — | — | — | $0 | $0 | ($32.3m) | ($7.8m) | |
| Gain Loss On Sale Of PPE | — | — | — | — | — | — | $684k | $476k | ($463k) | $191k | $40k | |
| Investing Cash Flow | — | — | — | — | — | — | ($616.9m) | ($312.8m) | $108.3m | ($158.2m) | ($238.8m) | |
| Net Business Purchase And Sale | — | — | — | — | — | $0 | ($4.6m) | $0 | $0 | — | $0 | |
| Net Investment Purchase And Sale | — | — | — | — | — | — | $11.0m | $13.5m | ($4.9m) | $98.1m | $106.6m | |
| Net PPE Purchase And Sale | — | — | — | — | — | — | ($1.0m) | ($1.9m) | $2.7m | $574k | $72k | |
| Operating Gains Losses | — | — | — | — | — | — | ($8.6m) | ($29.2m) | ($23.5m) | ($47.5m) | ($37.2m) | |
| Other Non Cash Items | — | — | — | — | — | — | ($20.0m) | $19.5m | $15.6m | ($40.8m) | — | |
| Proceeds From Stock Option Exercised | — | — | — | — | — | — | $572k | $146k | $210k | $15k | $193k | |
| Purchase Of Business | — | — | — | — | — | $0 | ($4.6m) | $0 | $0 | — | $0 | |
| Purchase Of Investment | — | — | — | — | — | — | ($39.4m) | ($15.9m) | ($43.1m) | ($92.1m) | ($87.7m) | |
| Purchase Of PPE | $143k | $1.4m | $2.0m | $1.1m | $1.1m | $2.5m | ($1.0m) | ($1.9m) | ($1.2m) | ($1.7m) | ($1.9m) | |
| Sale Of Investment | — | — | — | — | — | — | $50.5m | $29.4m | $38.2m | $190.2m | $194.3m | |
| Sale Of PPE | — | — | — | — | — | — | $0 | $0 | $3.9m | $2.3m | — | |
| Stock Based Compensation | — | — | — | — | — | — | $395k | $712k | $940k | $2.9m | $3.3m |