Primis Financial Corp. (FRST) Q3 2024 Earnings Call Transcript Summary
Primis Financial Corp. (FRST) Q3 2024 Earnings Call Transcript Summary
Pretax pre-provision earnings adjusted for nonrecurring items were noted at $10 million.The following is a summary of the Primis Financial Corp. (FRST) Q3 2024 Earnings Call Transcript:
以下是Primis Financial corp（FRST）2024年第三季度業績會交流記錄摘要：
Financial Performance:
金融業績：
Primis Financial Corp reported Q3 results showcasing the correction of an accounting error on the consumer loan portfolio, which only represents 5% to 6% of total loans.
Noninterest expense was reported at $31 million, impacting financial results alongside accounting changes.
Pretax pre-provision earnings adjusted for nonrecurring items were noted at $10 million.
Interest income from promotional loans added a net of $4.5 million to pretax pre-provision earnings.
Primis Financial corp報告的第三季度結果顯示了對消費者貸款組合中的會計錯誤進行了更正，該組合僅佔總貸款的5%至6%。
非利息支出報告爲3100萬美元，與會計變更一同影響了財務結果。
調整後剔除非經常項目的稅前、計提前的盈利記爲1000萬美元。
來自促銷貸款的利息收入爲稅前、計提前盈利增加了450萬美元。
Business Progress:
業務進展：
Significant strides in the core bank's operations, notably a 40 to 50 basis points lower cost of deposits than Mid-Atlantic community bank peers.
Impressive growth in building pipelines for new commercial relationships, seeing 3x growth compared to last year.
A major expansion in mortgage loan activities, with a new milestone of $1 billion in annual production rate reached.
The sale of Life Premium Finance aimed to improve the tangible common equity ratio and net interest margin.
Launch of the mortgage warehouse, replacing the Life Premium portfolio, expected to significantly improve the return on assets.
核心銀行運營取得了顯著進展，特別是與中大西洋社區銀行同行相比，存款成本降低了40至50個點子。
在建立新商業關係的管道方面取得了令人印象深刻的增長，與去年相比增長了3倍。
在抵押貸款業務方面進行了重大擴張，年產值達到新的里程碑10億美元。
出售壽險保費金融旨在提高有形公共股權比率和淨利息收益率。
推出抵押貸款倉庫，以取代壽險保費投資組合，預計將顯著提高資產回報率。
Opportunities:
機會：
The ongoing development of Panacea Financial's digital capabilities focusing on deposits and commercial loans presents new commercial opportunities.
Expected improvements in net interest margin and return on assets from new pipelines in mortgage and commercial banking sectors.
Potential margin improvement from a $1 billion of deposits repricing expected in the upcoming quarter.
泛泰金融數字能力的持續發展將專注於存款和商業貸款，爲新的商業機遇帶來新的可能性。
預計來自抵押貸款和商業銀行領域新渠道的淨利息收益率和資產回報率將會有所改善。
在接下來的一個季度中，預計將從10億美元的存款重定價中獲得潛在的淨利息收益率的改善。
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：如需更全面的詳情，請參閱投資人關係網站。本文僅供投資者參考，不作任何指引或建議。
譯文內容由第三人軟體翻譯。
