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Primis Financial Corp. Announces Reauthorization of Stock Repurchase Program
Primis Financial Corp. (NASDAQ: FRST) ("Primis" or the "Company"), today announced that the board of directors of the Company (the "Board") approved a stock repurchase program for up to 750,000 of the outstanding shares of the Company's common stock (the "Stock Repurchase Program"). The Stock Repurchase Program will begin on December 18, 2025 and conclude on December 18, 2026, subject to the earlier termination or extension of the Stock Repurchase Program by the Board or the total shares designa
About this update from Primis Financial Corp.
[{"type":"text","content":"MCLEAN, Va., Dec. 18, 2025 /PRNewswire/ -- Primis Financial Corp. (NASDAQ: FRST) ("Primis" or the "Company"), today announced that the board of directors of the Company (the "Board") approved a stock repurchase program for up to 750,000 of the outstanding shares of the Company's common stock (the "Stock Repurchase Program"). The Stock Repurchase Program will begin on December 18, 2025 and conclude on December 18, 2026, subject to the earlier termination or extension of the Stock Repurchase Program by the Board or the total shares designated for the Stock Repurchase Program are depleted. The Company purchased 79,549 shares at an average cost of $10.00 per share under the previous repurchase plan.","length":748,"tagName":"p"},{"type":"image","alt":"Primis (PRNewsfoto/Primis Financial Corporation)","displaySize":"","headline":null,"caption":"Primis (PRNewsfoto/Primis Financial Corporation)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":101,"url":"https://media.zenfs.com/en/prnewswire.com/bdf5ee89ebd96cfe72bd93c39037df69"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/RxuweEI83M4.2XtdMLGDDw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTE3ODtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/bdf5ee89ebd96cfe72bd93c39037df69","width":400,"height":101}},"href":"https://mma.prnewswire.com/media/1475393/Primis_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"Under the Stock Repurchase Program, the Company may repurchase shares of common stock from time to time in open market purchases or privately negotiated transactions. Any open market repurchases will be conducted in accordance with the limitations set forth in Rule 10b-18 promulgated under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and other applicable legal requirements. Repurchases under the Stock Repurchase Program may also be made pursuant to a trading plan under Rule 10b5-1 under the Exchange Act, which would permit shares to be repurchased by the Company when the Company might otherwise be precluded from doing so because of self-imposed trading blackout periods or other regulatory restrictions. The extent to which the Company repurchases its shares, and the timing of such repurchases, will depend upon a variety of factors, including the p...