Primis Financial Corp. (NASDAQ:FRST) Q2 2022 Earnings Conference Call July 29, 2022 10:00 AM ET

Company Participants

Matt Switzer - CFO

Dennis Zember - President and CEO

Conference Call Participants

Andrew Terrell - Stephens

Christopher Marinac - Janney Montgomery Scott

Operator

Good day, and welcome to the Primis Financial Corp. 2022 Second Quarter Earnings Call. All participants will be in listen-only mode. [Operator Instructions] Please note, this event is being recorded.

I would now like to turn the conference over to Matt Switzer. Please go ahead.

Matt Switzer

Good morning, and thank you for joining us for Primis Financial Corp.'s 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 risks and uncertainties. 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, which has also been posted to the Investor Relations section of our corporate website, primisbank.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. A reconciliation of the non-GAAP measures to the most comparable GAAP measures can be found in our earnings release.

I will now turn the call over to our President and Chief Executive Officer, Dennis Zember.

Dennis Zember

Thank you, Matt. And thank you to all of you that have joined our second quarter conference call.

We're very excited to see the momentum in several areas of the company and really believe this sets us up well for the rest of this year and for next year. I'll highlight a few of the items here, and then Matt cans share some more insight into the numbers for the quarter.

It was right before COVID in 2020 that we started to restructure the company. Right out of the gate, we identified some key areas that were material drags on our market value. First was the ability to grow both sides of the balance sheet reliably. We strengthened our commercial banker team with new hires first, and then we were crafted with some strategies that we believe will cement our reputation as a growth-oriented company.