Primis Financial (FRST) Registration filing summary

Company overview and business model

• Operates as a bank holding company for a state-chartered bank with 24 branches in Virginia and Maryland, offering a range of financial services to individuals and small to medium-sized businesses.

• Focuses on commercial real estate lending, SBA lending nationwide, and a variety of secured and unsecured loans.

• Offers deposit products and invests in real estate-related securities, leveraging local market knowledge and business contacts.

• As of March 31, 2026, reported $4.3 billion in total assets, $3.4 billion in loans, $3.4 billion in deposits, and $427 million in stockholders' equity.

Financial performance and metrics

• Financial statements for 2025 and 2024 audited by Crowe LLP; 2023 audited by Forvis Mazars, LLP.

• Incorporates by reference annual, quarterly, and current reports filed with the SEC, including the 2025 10-K.

Use of proceeds and capital allocation

• Net proceeds from securities sales will be used as set forth in the applicable prospectus supplement.