Primis Financial Corp. FRST

Financials SIC 6022 - State Commercial Banks NAICS Finance and Insurance › Credit Intermediation and Related Activities › Depository Credit Intermediation › Commercial Banking derived Nasdaq

Primis Financial Corp. is the bank holding company for Primis Bank, a Virginia state-chartered bank which commenced operations on April 14, 2005. Primis Bank provides a range of financial services to individuals and small and medium-sized businesses.

As of December 31, 2025, Primis had $4.0 billion in total assets, $3.3 billion in total loans held for investment, $3.4 billion in total deposits and $423 million in total stockholders' equity. As of December 31, 2025, Primis Bank had 24 full-service branches in Virginia and Maryland and also provides services to customers through certain online and mobile applications. Headquartered in McLean, Virginia, the Company has an administrative office in Glen Allen, Virginia and an operations center in Atlee, Virginia. PMC, a residential mortgage lender headquartered in Wilmington, North Carolina, is a consolidated subsidiary of Primis Bank. PFH owns the rights to the Panacea Financial brand and its intellectual property and partners with the Bank to offer a suite of financial products and services for doctors, their practices, and ultimately the broader healthcare industry. PFH was deconsolidated from the Company on March 31, 2025, as further

Last close 15.28 2026-10-23
Market cap $378.9M 2026-06-30 share count
52-week range 10.35 - 16.88

Valuation FY2025 figures against the last close

P/S1.9x
P/E6.1x
P/FCF41.9x
EV/EBITDA—
Dividend yield2.6%
Diluted EPS2.49

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $200.4M$211.0M$192.6M$123.3M$113.1M$117.7M$120.5M$118.9M$83.6M$48.9M
Interest expense $111.4M$104.2M$98.7M$101.7M$19.0M$26.1M$36.9M$27.8M$15.7M$8.6M
Pre-tax income $72.6M-$28.9M-$11.2M$17.3M$39.6M$18.7M$38.1M$43.3M$15.6M$15.4M
Income tax $14.7M$4.2M$1.1M$3.2M$8.7M$4.1M$5.9M$9.6M$13.1M$5.1M
Net income $61.4K-$16.2K-$7.8K$14.1K$31.1K$23.0M$33.2M$33.7M$2.4M$10.3M
EPS, basic 2.49-0.66-0.320.58—0.961.381.400.130.84
EPS, diluted 2.49-0.66-0.320.57—0.961.361.390.130.83
Shares, diluted (wtd. avg.) 24.7M24.7M24.6M24.7M24.6M24.4M24.3M24.3M18.7M12.4M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $143.6M$64.5M$77.6M$77.9M$530.2M$196.2M$31.9M$28.6M$25.5M$47.4M
Property, plant and equipment $6.1M$19.4M$20.6M$25.3M$30.4M$30.3M$31.2M$32.4M$35.8M$8.2M
Goodwill $93.5M$93.5M$93.5M$104.6M$102.0M$102.0M$102.0M$102.0M$100.6M$10.5M
Other intangibles $36.0K$665.0K$2.0M$3.3M$4.5M$5.8M$7.2M$8.6M$10.1M$874.0K
Total assets $4.05B$3.69B$3.86B$3.57B$3.41B$3.09B$2.72B$2.70B$2.61B$1.14B
Total liabilities $3.62B$3.33B$3.46B$3.18B$3.00B$2.70B$2.34B$2.35B$2.29B$1.02B
Retained earnings $109.6M$58.0M$84.1M$101.8M$97.6M$78.0M$69.5M$45.0M$18.8M$22.1M
Total equity $422.9M$351.8M$397.6M$389.0M$410.0M$388.8M$377.2M$348.3M$322.8M$126.3M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $10.8M$19.5M$28.8M$12.4M$27.6M$28.8M$37.0M$41.4M$24.6M$18.0M
Stock-based compensation $2.9M$940.0K$712.0K$395.0K$747.0K$1.5M$432.0K$280.0K$251.0K$260.0K
Capital expenditure $1.7M$1.2M$1.9M$1.0M$2.5M$1.1M$1.1M$2.0M$1.4M$143.0K
Investing cash flow -$158.2M$108.3M-$312.8M-$616.9M$5.8M-$204.0M-$5.0M-$93.7M-$62.0M-$95.6M
Financing cash flow $226.6M-$140.9M$283.6M$152.1M$296.2M$338.9M-$28.4M$55.4M$15.5M$94.6M
Dividends paid $9.9M$9.9M$9.9M$9.9M$9.8M$9.7M$8.7M$7.7M$5.8M$3.9M
Buybacks $807.0K—————————

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001104659-26-041860.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -100M 0 100M 200M 300M Revenue, FY2016: 48.9M Net income, FY2016: 10.3M Revenue, FY2017: 83.6M Net income, FY2017: 2.4M Revenue, FY2018: 118.9M Net income, FY2018: 33.7M Revenue, FY2019: 120.5M Net income, FY2019: 33.2M Revenue, FY2020: 117.7M Net income, FY2020: 23M Revenue, FY2021: 113.1M Net income, FY2021: 31.1K Revenue, FY2022: 123.3M Net income, FY2022: 14.1K Revenue, FY2023: 192.6M Net income, FY2023: -7.8K Revenue, FY2024: 211M Net income, FY2024: -16.2K Revenue, FY2025: 200.4M Net income, FY2025: 61.4K FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $48.9M $83.6M $118.9M $120.5M $117.7M $113.1M $123.3M $192.6M $211.0M $200.4M
Gross profit — — — — — — — — — —
Net income $10.3M $2.4M $33.7M $33.2M $23.0M $31.1K $14.1K -$7.8K -$16.2K $61.4K

Recent filings and events

  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Officer or director change Item 5.02
  • Officer or director change Item 5.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01
  • Other event Item 8.01
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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