Primis Financial Corp. Reports Deconsolidation of Panacea

Records Pre-Tax Gain of Approximately $24.6 millionMCLEAN, Va., May 13, 2025 /PRNewswire/ -- Primis Financial Corp. (NASDAQ: FRST) ("Primis" or the "Company") today reported that it has deconsolidated Panacea Financial Holdings ("PFH") effective March 31, 2025.   Accordingly, the Company will be revising its earnings release dated April 29, 2025 to reflect certain gains associated with recognizing the value of the Company's investment in PFH.The Company engaged an independent third party to evaluate the fai ...