Primis Financial (Primis Financial) Scaled Net Operating Assets : 0.04 (As of Sep. 2023)

View and export this data going back to 2006. Start your Free Trial

What is Primis Financial Scaled Net Operating Assets?

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Primis Financial's operating assets for the quarter that ended in Sep. 2023 was $3,503.0 Mil. Primis Financial's operating liabilities for the quarter that ended in Sep. 2023 was $3,335.4 Mil. Primis Financial's Total Assets for the quarter that ended in Jun. 2023 was $3,848.5 Mil. Therefore, Primis Financial's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2023 was 0.04.

Primis Financial Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Primis Financial's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2022 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Dec. 2022 )
=	(Operating Assets (A: Dec. 2022 )	-	Operating Liabilities (A: Dec. 2022 ))	/	Total Assets (A: Dec. 2021 )
=	(3493.678	-	2751.055)	/	3407.353
=	0.22

where

	Operating Assets		(A: Dec. 2022 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	3571.537	-	77.859
=	3493.678

	Operating Liabilities		(A: Dec. 2022 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	3177.134	-	426.079	-	0
=	2751.055

Primis Financial's Scaled Net Operating Assets (SNOA) for the quarter that ended in Sep. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Sep. 2023 )
=	(Operating Assets (Q: Sep. 2023 )	-	Operating Liabilities (Q: Sep. 2023 ))	/	Total Assets (Q: Jun. 2023 )
=	(3503.035	-	3335.385)	/	3848.493
=	0.04

where

	Operating Assets		(Q: Sep. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	3813.775	-	310.74
=	3503.035

	Operating Liabilities		(Q: Sep. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	3430.909	-	95.524	-	0
=	3335.385

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Primis Financial Scaled Net Operating Assets Related Terms

Thank you for viewing the detailed overview of Primis Financial's Scaled Net Operating Assets provided by GuruFocus.com. Please click on the following links to see related term pages.

Primis Financial (Primis Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Primis Financial Corp (NAS:FRST) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

7H80:Germany

Address

6830 Old Dominion Drive, McLean, VA, USA, 22101

Website

https://www.primisbank.com

Primis Financial Corp is the bank holding company for Primis Bank, providing financial services to individuals and small and medium-sized businesses. Primis Bank offers a wide range of commercial banking services, it focuses on making loans secured majorly by commercial real estate and other types of secured and unsecured commercial loans to small and medium-sized businesses in a number of industries, as well as loans to individuals for a variety of purposes. Primis Bank offers a broad range of deposit products, including checking (NOW), savings, money market accounts and certificates of deposit.

Executives

Rickey Allen Fulk	officer: EVP, President	1194 ELSOM MASCOT ROAD, MATTAPONI VA 23110
Charles A Kabbash	director	308 EAST MARKET ST., CHARLOTTESVILLE VA 22902
Clinton Tyler Stafford	officer: Pres Panacea Financial	4612 CLUB ROAD, LITTLE ROCK AR 72207
Susan B Williamson	officer: EVP, Director of Reg Relations	32482 JENKINS MILL ROAD, FRANKLIN VA 23851
William Rand Cook	director	4459 CROWN HILL ROAD, MECHANICSVILLE VA 23111
Robert Yates Clagett	director	17017 RIVER AIRPORT ROAD, BRANDYWINE MD 20613
Eric Alan Johnson	director	P O BOX 517, URBANNA VA 23175
Matthew Alan Switzer	officer: EVP, CFO	6830 OLD DOMINION DRIVE, MCLEAN VA 22101
Jones Allen R Jr.	director	304 MARCELLA ROAD, SUITE E, HAMPTON VA 23666
Garrett F L Iii	director	268 CATHCHPENNY LANE, BOWLERS WHARF VA 22560
John Fitzgerald Biagas	director	627 36TH STREET, NEWPORT NEWS VA 23607
Ann-stanton C Gore	officer: EVP, Chief Marketing Officer	1700 WOODLAKE DRIVE, COLUMBIA SC 29206
Barry P Almond	officer: EVP, Head of Retail/Marketing	14319 NICOLAY WAY, MIDLOTHIAN VA 23114
Deborah Diaz	director	6830 OLD DOMINION DRIVE, MCLEAN VA 22101
Julia E Fredricks	officer: EVP, Chief Risk Officer	11032 SLENDERLEAF DRIVE, GLEN ALLEN VA 23060