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Primis Financial Corp. (FRST) red flags

CIK 0001325670 路 Mclean, VA 路 SIC 6022 路 All EDGAR filings

1 verified red-flag event(s) since 2025-04-01 and 8 earlier one(s) from our 2015-2025 history. Red flag score: 12 how it's calculated

1Primis Financial Corp. (FRST) Filing-delay notice, quarterly report filed within extension (NT 10-Q)micro2025-05-13
report filed within the extension on 2025-05-14 路 company history

Earlier red flags (2015 to Apr 2025)

FiledFlag (links to the SEC filing)SeverityWhy
2024-10-17Auditor change5auditor resigned; also within 90 days: Filing-delay notice, quarterly report (NT 10-Q), Non-reliance / restatement
2024-09-23Auditor change5auditor resigned; also within 90 days: Filing-delay notice, quarterly report (NT 10-Q), Non-reliance / restatement
2024-09-12Non-reliance / restatement5also within 90 days: Auditor change, Filing-delay notice, quarterly report (NT 10-Q)
2024-08-12Late quarterly report (NT 10-Q)4filed late on 2024-12-11; also within 90 days: Auditor change, Non-reliance / restatement
2024-05-13Late quarterly report (NT 10-Q)4filed late on 2024-10-25; also within 90 days: Filing-delay notice, annual report (NT 10-K), Non-reliance / restatement
2024-03-18Late annual report (NT 10-K)5filed late on 2024-10-15; also within 90 days: Filing-delay notice, quarterly report (NT 10-Q), Non-reliance / restatement
2024-03-01Non-reliance / restatement5also within 90 days: Filing-delay notice, annual report (NT 10-K), Filing-delay notice, quarterly report (NT 10-Q)
2022-06-06Auditor change1routine: audit firm merged/was acquired

From our 10-year history, classified with the same rules as current flags. Older flags have no page of their own; see the research study for how flagged stocks did afterwards.

Red flag score: 12 / 100 · low

Computed only from the verified red flags below: each flag earns points for its severity, loses half its weight every 180 days, and companies with several different flag types in the past year get a bonus. Total points 6.3 → score = 100 × (1 − e−points/50) = 12. Full method

FlagFiledSeverityPointsAgeDecayCounts
Filing-delay notice, quarterly report filed within extension (NT 10-Q)2025-05-131/51.2523 d×0.130.2
Auditor change (history)2024-10-174/522.0731 d×0.061.3
Auditor change (history)2024-09-234/522.0755 d×0.051.2
Non-reliance / restatement (history)2024-09-125/530.0766 d×0.051.6
Late quarterly report (NT 10-Q) (history)2024-08-123/59.8797 d×0.050.5
Late quarterly report (NT 10-Q) (history)2024-05-133/59.8888 d×0.030.3
Late annual report (NT 10-K) (history)2024-03-184/519.8944 d×0.030.5
Non-reliance / restatement (history)2024-03-015/530.0961 d×0.020.7
Auditor change (history)2022-06-061/54.01595 d×0.000.0

The red flag score summarizes how many, how serious and how recent a company's verified SEC red-flag filings are. It describes filing events only. It is not a fraud score, credit rating or prediction, and not investment advice.

What happened next

FlagDateCap at flag30d90d180d1y
Filing-delay notice, quarterly report filed within extension (NT 10-Q)2025-05-13$232.9M+7.2%+21.6%+19.4%+56.3%
Auditor change2024-10-17$305.8M+0.1%-7.8%-31.7%-18.5%
Auditor change2024-09-23$300.6M-4.7%-5.9%-17.5%-11.3%
Non-reliance / restatement2024-09-12$278.3M+6.2%+11.7%-13.0%+0.5%
Late quarterly report (NT 10-Q)2024-08-12$281.5M-1.2%+8.9%-1.7%+4.4%
Late quarterly report (NT 10-Q)2024-05-13$260.0M-4.7%+9.0%+19.0%-8.3%
Late annual report (NT 10-K)2024-03-18$289.1M-11.6%-17.6%+0.3%-11.7%
Non-reliance / restatement2024-03-01$301.4M-4.0%-15.3%+0.9%-13.0%
Auditor change2022-06-06$328.9M-0.5%-3.4%-7.4%-38.4%

Stock return after each flag; pending = window not yet elapsed; n/a = no price data (for older flags often because the stock no longer trades).

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