Primis Financial Corp. (FRST) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

2025 second quarter webcast and conference call. Before we begin, please note that many of our comments during this call will be forward-looking statements, which involve risk and uncertainty. There are many factors that could cause actual results to differ materially from the anticipated results or other expectations expressed in the forward-looking statements. Further discussion of the company's risk factors and other important information regarding our forward-looking statements are part of our recent filings with the Securities and Exchange Commission including our recently filed earnings release and investor presentation, which has also been posted to the investor relations section of our corporate site, premisebank.com. We undertake no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events, or changes to future operating results over time. In addition, some of the financial measures that we may discuss this morning are non-GAAP financial measures. How a non-GAP measure relates to the most comparable GAP measure will be discussed when the non-GAP measure is used, if not readily apparent. I will now turn the call over to our President and Chief Executive Officer, Dennis Semper. Thank you, Matt, and thank you to all of you who have joined our second quarter conference call. Today, I want to cover several items as succinctly as I can. First, our quarter results and where I see our recurring earnings. how our operating leverage is boosting our results, a recap on our operating divisions, and then lastly, a very subtle pitch on our stock. For the second quarter, we're showing about $8.4 million in net income or $0.34 per share. This quarter included an additional pre-tax gain of $7.5 million on...