Primis Financial Amends Previously Announced Financial Results For Q3; Revised Results Reflect Non-cash After-tax Goodwill Impairment Charge Of $11.2M
Portfolio Pulse from Benzinga Newsdesk
Primis Financial has revised its Q3 financial results to include a non-cash after-tax goodwill impairment charge of $11.2M. This amendment is likely to impact the company's financial standing.
November 09, 2023 | 10:47 pm
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Primis Financial's revised Q3 results include a non-cash after-tax goodwill impairment charge of $11.2M, which could negatively impact the company's financial standing and stock price.
The inclusion of a significant goodwill impairment charge in Primis Financial's Q3 results indicates a reduction in the company's assets. This could negatively impact investor sentiment and potentially lead to a decrease in the company's stock price.
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