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Primis Financial (FRST) Financials

Primis Financial logo
$15.82 0.00 (0.00%)
Closing price 07/2/2026 04:00 PM Eastern
Extended Trading
$15.82 -0.01 (-0.03%)
As of 07/2/2026 07:55 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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Annual Income Statements for Primis Financial

Annual Income Statements for Primis Financial

This table shows Primis Financial's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 9.29 10 2.43 34 33 23 31 14 -7.83 -16 61
Consolidated Net Income / (Loss)		 9.29 10 2.43 34 33 23 31 14 -10 -25 58
Net Income / (Loss) Continuing Operations		 9.29 10 2.43 34 32 15 31 0.00 -9.53 -25 58
Total Pre-Tax Income 		14 15 16 43 38 19 40 17 -11 -29 73
Total Revenue		 40 43 73 101 95 106 105 120 145 147 224
Net Interest Income / (Expense)		 37 40 68 91 84 92 94 102 99 104 111
Total Interest Income		 44 49 84 119 121 118 113 123 193 211 200
Loans and Leases Interest Income		 40 45 78 110 112 112 107 115 173 200 189
Investment Securities Interest Income		 2.81 2.96 4.57 6.39 6.22 4.73 4.44 5.96 6.37 7.21 7.57
Other Interest Income		 0.79 0.64 1.23 2.31 2.12 1.40 1.78 2.24 13 3.82 3.97
Total Interest Expense		 7.08 8.63 16 28 37 26 19 22 94 107 89
Deposits Interest Expense		 6.43 8.10 11 18 31 20 13 13 84 96 79
Other Interest Expense		 - - 2.18 6.09 2.80 5.81 5.93 8.31 10 11 9.58
Total Non-Interest Income		 3.78 2.82 5.43 10 11 15 11 18 45 43 112
Service Charges on Deposit Accounts		 - - 3.56 5.96 7.16 6.52 7.31 5.75 5.73 5.78 5.66
Other Service Charges		 1.16 1.01 0.27 0.54 1.00 7.20 1.57 0.79 1.55 1.27 0.95
Net Realized & Unrealized Capital Gains on Investments		 0.53 - 0.26 -0.89 0.00 -0.62 0.57 4.71 0.77 9.75 72
Other Non-Interest Income		 2.10 1.81 1.34 4.59 3.24 1.56 1.69 7.11 38 26 34
Provision for Credit Losses		 3.17 4.91 8.63 4.20 0.35 19 -5.80 11 33 51 12
Total Non-Interest Expense		 23 23 49 54 57 68 71 91 123 126 139
Salaries and Employee Benefits		 12 12 20 28 26 37 37 49 59 67 79
Net Occupancy & Equipment Expense		 4.75 4.87 8.18 11 11 12 13 18 23 23 25
Marketing Expense		 - - - - - 1.77 1.73 3.07 1.82 1.91 2.16
Property & Liability Insurance Claims		 0.66 0.54 - - - - 0.80 0.89 2.93 2.55 3.73
Other Operating Expenses		 4.82 4.11 9.90 13 18 15 17 20 24 30 28
Amortization Expense		 0.89 1.01 0.85 1.45 1.42 1.36 1.36 1.33 1.27 1.27 0.60
Impairment Charge		 - - - - - - 0.00 0.00 11 0.00 0.00
Income Tax Expense		 4.67 5.10 13 9.61 5.89 4.14 8.68 3.19 -1.07 -4.24 15
Net Income / (Loss) Attributable to Noncontrolling Interest		 - - - - - - 0.00 0.00 -2.28 -8.46 -3.60
Basic Earnings per Share		 $0.76 $0.84 $0.13 $1.40 - - - $0.58 ($0.32) ($0.66) $2.49
Weighted Average Basic Shares Outstanding		 12.20M 12.25M 18.39M 24.01M 24.30M 24.44M 24.58M 24.69M - - 24.70M
Diluted Earnings per Share		 $0.75 $0.83 $0.13 $1.39 - - - $0.57 ($0.32) ($0.66) $2.49
Weighted Average Diluted Shares Outstanding		 12.20M 12.25M 18.39M 24.01M 24.30M 24.44M 24.58M 24.69M - - 24.70M
Weighted Average Basic & Diluted Shares Outstanding		 12.20M 12.25M 18.39M 24.01M 24.30M 24.44M 24.58M 24.69M - - 24.70M
Cash Dividends to Common per Share		 $0.52 $0.32 $0.64 $0.32 $0.36 $0.40 $0.40 $0.40 $0.40 $0.40 $0.40

Quarterly Income Statements for Primis Financial

This table shows Primis Financial's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 -6.03 -8.17 2.47 3.44 1.23 -23 23 2.44 6.83 30 7.31
Consolidated Net Income / (Loss)		 -6.03 -10 0.81 1.54 -0.86 -26 19 2.44 6.83 30 7.31
Net Income / (Loss) Continuing Operations		 0.00 -9.53 0.00 1.54 -0.86 - 19 2.44 6.83 30 7.31
Total Pre-Tax Income 		-4.51 -15 1.53 2.80 -1.16 -32 25 2.97 8.74 36 10
Total Revenue		 34 35 36 36 37 39 59 43 41 81 46
Net Interest Income / (Expense)		 24 26 25 25 28 26 26 25 29 31 32
Total Interest Income		 48 50 50 52 57 51 48 48 52 53 54
Loans and Leases Interest Income		 45 48 48 50 54 48 45 45 49 50 50
Investment Securities Interest Income		 1.59 1.65 1.72 1.81 1.80 1.89 1.91 1.93 1.89 1.84 1.91
Other Interest Income		 1.12 0.95 0.90 0.84 1.02 1.06 0.85 0.98 1.02 1.12 1.48
Total Interest Expense		 24 24 25 27 29 25 21 22 23 22 21
Deposits Interest Expense		 22 22 23 25 25 23 19 20 21 19 19
Other Interest Expense		 2.12 2.12 2.06 2.72 3.74 2.56 1.97 1.95 2.16 3.50 2.95
Total Non-Interest Income		 9.72 8.92 10 11 9.28 13 32 18 12 50 14
Service Charges on Deposit Accounts		 1.53 1.52 1.39 1.86 1.47 1.06 1.34 1.68 1.36 1.29 1.25
Other Service Charges		 0.23 0.93 0.19 0.23 0.45 0.52 0.67 0.08 0.08 0.12 0.11
Net Realized & Unrealized Capital Gains on Investments		 2.25 -1.50 2.58 0.11 0.05 4.54 24 7.35 0.92 39 0.57
Other Non-Interest Income		 5.71 8.55 6.14 8.66 7.31 6.58 6.04 8.92 9.61 9.60 12
Provision for Credit Losses		 1.62 21 6.51 3.12 7.51 33 1.60 8.30 -0.05 2.44 1.55
Total Non-Interest Expense		 37 28 28 30 31 37 33 32 32 42 34
Salaries and Employee Benefits		 14 15 16 16 17 18 18 17 19 26 20
Net Occupancy & Equipment Expense		 5.42 5.68 5.34 5.45 5.62 6.44 6.24 6.16 5.85 6.97 6.81
Marketing Expense		 0.38 0.35 0.46 0.50 0.45 0.50 0.51 0.72 0.45 0.47 0.76
Property & Liability Insurance Claims		 0.82 0.68 0.61 0.59 0.55 0.81 0.79 1.02 1.00 0.92 0.74
Other Operating Expenses		 5.06 6.60 5.08 6.85 7.26 11 7.03 6.69 6.49 7.96 5.90
Income Tax Expense		 1.52 -4.47 0.72 1.27 -0.30 -5.92 5.55 0.53 1.91 6.73 3.01
Net Income / (Loss) Attributable to Noncontrolling Interest		 0.00 -2.28 -1.65 -1.90 -2.09 -2.82 -3.60 0.00 0.00 - 0.00
Basic Earnings per Share		 ($0.24) ($0.34) $0.10 $0.14 $0.05 ($0.95) $0.92 $0.10 $0.28 $1.19 $0.30
Weighted Average Basic Shares Outstanding		 24.68M 0.00 - - 24.72M 0.00 24.72M 24.64M 24.64M 24.70M 24.77M
Diluted Earnings per Share		 ($0.24) ($0.34) $0.10 $0.14 $0.05 ($0.95) $0.92 $0.10 $0.28 $1.19 $0.30
Weighted Average Diluted Shares Outstanding		 24.68M 0.00 - - 24.72M 0.00 24.72M 24.64M 24.64M 24.70M 24.77M
Weighted Average Basic & Diluted Shares Outstanding		 24.68M 0.00 - - 24.72M 0.00 24.72M 24.64M 24.64M 24.70M 24.77M
Cash Dividends to Common per Share		 $0.10 $0.10 $0.10 $0.10 $0.10 - $0.10 $0.10 $0.10 $0.10 $0.10

Annual Cash Flow Statements for Primis Financial

This table details how cash moves in and out of Primis Financial's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 -7.98 17 -22 3.15 0.77 164 330 -452 -0.31 -13 79
Net Cash From Operating Activities		 12 18 25 41 34 29 28 12 29 20 11
Net Cash From Continuing Operating Activities		 12 18 25 41 37 29 28 12 29 20 11
Net Income / (Loss) Continuing Operations		 9.29 10 2.43 34 32 15 31 14 -10 -25 58
Consolidated Net Income / (Loss)		 9.29 10 2.43 34 32 15 31 14 -10 -25 58
Provision For Loan Losses		 3.17 4.91 8.63 4.20 0.35 19 -5.80 11 33 51 12
Depreciation Expense		 0.88 0.80 4.63 7.40 5.63 8.19 8.04 7.43 9.09 8.93 9.36
Amortization Expense		 -2.10 0.18 - 0.00 - -4.35 -1.99 0.48 -0.58 0.04 0.30
Non-Cash Adjustments to Reconcile Net Income		 -1.36 -2.46 -3.16 -4.28 -4.52 1.56 -1.51 -22 30 -25 -97
Changes in Operating Assets and Liabilities, net		 2.35 4.27 12 0.43 0.83 -11 -2.01 0.85 -33 9.96 28
Net Cash From Investing Activities		 -127 -96 -62 -94 -5.02 -204 5.78 -617 -313 108 -158
Net Cash From Continuing Investing Activities		 -127 -96 -62 -94 -5.02 -204 5.78 -617 -313 108 -158
Purchase of Property, Leasehold Improvements and Equipment		 -0.31 -0.14 -1.43 -1.97 -1.10 -1.08 -2.46 -1.01 -1.92 -1.19 -1.73
Purchase of Investment Securities		 -148 -156 -129 -126 -67 -305 -51 -658 -354 -355 -518
Sale and/or Maturity of Investments		 22 60 45 32 64 101 58 52 31 463 363
Other Investing Activities, net		 0.00 0.02 0.05 - - 0.91 1.41 -10 12 1.21 -1.15
Net Cash From Financing Activities		 107 95 15 55 -28 339 296 152 284 -141 227
Net Cash From Continuing Financing Activities		 107 95 15 55 -28 339 296 152 284 -141 227
Net Change in Deposits		 83 77 -197 232 27 308 331 -41 548 -99 215
Issuance of Debt		 40 21 217 0.00 0.00 59 0.00 321 -3.40 0.87 25
Repayment of Debt		 -10 - - -169 -48 -22 -26 -119 -275 -33 -2.42
Repurchase of Common Equity		 -0.72 - - - - - - - 0.00 0.00 -0.81
Payment of Dividends		 -6.36 -3.92 -5.80 -7.69 -8.69 -9.74 -9.81 -9.85 -9.88 -9.89 -9.87
Other Financing Activities, Net		 0.71 0.14 0.56 0.44 0.67 3.76 1.51 0.56 24 0.46 0.02
Cash Interest Paid		 6.79 8.29 15 26 36 28 20 20 92 107 90
Cash Income Taxes Paid		 2.99 4.60 3.67 6.67 4.90 7.69 6.15 3.05 5.76 2.34 -0.48

Quarterly Cash Flow Statements for Primis Financial

This table details how cash moves in and out of Primis Financial's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 -7.00 -16 11 -22 11 -13 -7.46 37 -30 80 16
Net Cash From Operating Activities		 -0.93 65 -0.97 52 6.05 -35 34 -41 -11 29 -54
Net Cash From Continuing Operating Activities		 -0.93 65 -0.97 52 6.05 -35 34 -41 -11 29 -54
Net Income / (Loss) Continuing Operations		 -6.03 -10 0.81 1.54 -0.86 -26 19 2.44 6.83 30 7.31
Consolidated Net Income / (Loss)		 -6.03 -10 0.81 1.54 -0.86 -26 19 2.44 6.83 30 7.31
Provision For Loan Losses		 1.62 21 6.51 3.12 7.51 33 1.60 8.30 -0.05 2.44 1.55
Depreciation Expense		 2.41 2.14 2.27 2.25 2.20 2.21 2.23 2.28 2.03 2.82 3.40
Amortization Expense		 -0.08 0.13 -0.26 0.15 0.10 0.05 0.09 0.09 0.11 0.01 -0.04
Non-Cash Adjustments to Reconcile Net Income		 14 68 4.55 60 -2.87 -41 12 -41 -8.08 -59 -51
Changes in Operating Assets and Liabilities, net		 -13 -16 -15 -15 -0.04 -2.80 -0.09 -13 -12 53 -16
Net Cash From Investing Activities		 11 -100 -26 -148 -46 325 -27 -93 -94 55 -132
Net Cash From Continuing Investing Activities		 11 -100 -26 -148 -49 325 -27 -93 -94 55 -132
Purchase of Property, Leasehold Improvements and Equipment		 - -0.52 - - - -1.19 0.00 - - - -0.20
Purchase of Investment Securities		 5.21 -103 -32 -152 -66 -111 -87 -105 -129 -197 -136
Sale and/or Maturity of Investments		 6.52 5.32 6.11 7.48 14 429 59 13 36 255 14
Other Investing Activities, net		 -0.71 -1.45 0.02 -2.61 - 7.84 0.05 -0.02 - - -9.98
Net Cash From Financing Activities		 -17 18 38 73 50 -303 -15 171 75 -4.26 203
Net Cash From Continuing Financing Activities		 -17 18 38 73 50 -303 -15 171 75 -4.26 203
Net Change in Deposits		 -24 -23 45 21 -29 -135 -12 174 -6.32 59 27
Issuance of Debt		 -319 295 -4.10 5.00 -0.27 -165 0.10 -0.40 85 -60 205
Repayment of Debt		 - - - - 82 - -0.47 0.47 -1.79 -0.63 -27
Payment of Dividends		 -2.47 -2.47 -2.48 -2.47 -2.47 -2.47 -2.47 -2.47 -2.46 -2.46 -2.56
Other Financing Activities, Net		 2.52 24 0.28 0.05 0.14 0.01 0.00 - 0.02 - 0.11
Cash Interest Paid		 25 26 25 27 29 27 22 21 24 22 21
Cash Income Taxes Paid		 - 1.85 0.02 0.02 - 2.29 0.00 0.28 0.22 -0.98 -0.52

Annual Balance Sheets for Primis Financial

This table presents Primis Financial's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 1,036 1,142 2,614 2,701 2,722 3,089 3,406 3,567 3,857 3,690 4,047
Cash and Due from Banks		 3.97 4.66 7.94 6.94 7.91 8.59 8.38 6.87 1.86 8.06 9.69
Interest Bearing Deposits at Other Banks		 26 43 16 21 24 188 522 71 76 56 134
Trading Account Securities		 101 89 260 236 237 194 294 250 251 250 185
Loans and Leases, Net of Allowance		 821 922 2,053 2,167 2,176 2,404 2,309 2,912 3,167 2,834 3,238
Loans and Leases		 829 930 2,062 2,179 2,186 2,440 2,338 2,947 3,219 3,051 3,284
Allowance for Loan and Lease Losses		 8.42 8.61 9.40 12 10 36 29 35 52 54 46
Loans Held for Sale		 - - - - - - 0.00 28 58 83 166
Premises and Equipment, Net		 8.88 8.23 36 32 31 30 30 25 21 19 6.07
Goodwill		 11 11 101 102 102 102 102 105 93 93 93
Other Assets		 61 62 127 124 134 153 136 166 187 181 215
Total Liabilities & Shareholders' Equity		 1,036 1,142 2,614 2,701 2,722 3,089 3,406 3,567 3,857 3,690 4,047
Total Liabilities		 916 1,016 2,291 2,353 2,345 2,698 2,996 3,178 3,459 3,325 3,624
Non-Interest Bearing Deposits		 84 89 319 320 2,125 441 530 583 473 439 554
Interest Bearing Deposits		 742 824 1,546 1,778 1,786 1,992 2,233 2,140 2,797 2,732 2,841
Short-Term Debt		 10 - 15 19 13 16 9.96 6.45 3.04 3.92 3.55
Long-Term Debt		 74 95 392 220 178 215 195 420 146 113 136
Other Long-Term Liabilities		 6.80 8.12 19 17 -1,757 34 27 28 40 37 89
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 120 126 323 348 377 391 410 389 398 365 423
Total Preferred & Common Equity		 120 126 323 348 377 391 410 389 376 352 423
Preferred Stock		 0.00 - - - - - 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 120 126 323 348 377 391 410 389 376 352 423
Common Stock		 105 105 305 306 307 309 311 313 314 315 317
Retained Earnings		 16 22 19 45 69 78 98 102 84 58 110
Treasury Stock		 - - - - - - - - - 0.00 -0.81
Accumulated Other Comprehensive Income / (Loss)		 -0.61 -0.79 -1.15 -2.59 0.78 3.49 1.11 -26 -22 -21 -2.67

Quarterly Balance Sheets for Primis Financial

This table presents Primis Financial's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
Total Assets		 3,839 3,890 3,966 4,024 3,697 3,872 3,955 4,257
Cash and Due from Banks		 24 5.82 5.31 11 7.97 7.67 7.69 8.36
Interest Bearing Deposits at Other Banks		 70 83 61 66 49 86 56 152
Trading Account Securities		 239 252 253 259 274 259 250 186
Loans and Leases, Net of Allowance		 3,142 3,174 3,249 2,923 2,999 3,085 3,155 3,350
Loans and Leases		 3,187 3,228 3,301 3,336 3,043 3,131 3,254 3,438
Allowance for Loan and Lease Losses		 36 53 52 51 44 46 45 46
Loans Held for Sale		 58 72 95 97 74 127 149 182
Premises and Equipment, Net		 25 20 20 20 19 20 19 5.92
Goodwill		 93 93 93 93 93 93 93 93
Other Assets		 176 187 188 192 180 194 170 239
Total Liabilities & Shareholders' Equity		 3,839 3,890 3,966 4,024 3,697 3,872 3,955 4,257
Total Liabilities		 3,461 3,495 3,572 3,627 3,322 3,495 3,573 3,829
Non-Interest Bearing Deposits		 491 463 420 421 456 478 490 541
Interest Bearing Deposits		 2,803 2,852 2,915 2,885 2,713 2,865 2,847 2,882
Short-Term Debt		 3.84 3.04 3.27 3.68 4.02 4.37 3.95 3.53
Long-Term Debt		 96 142 197 278 113 112 196 314
Other Long-Term Liabilities		 39 35 36 39 36 36 36 89
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 378 395 394 397 376 376 382 427
Total Preferred & Common Equity		 378 375 376 381 376 376 382 427
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 378 375 376 381 376 376 382 427
Common Stock		 313 314 314 314 315 315 315 317
Retained Earnings		 95 84 85 84 78 78 83 114
Treasury Stock		 - - - - - -0.81 -0.81 -0.81
Accumulated Other Comprehensive Income / (Loss)		 -30 -24 -23 -17 -18 -16 -15 -3.45

Annual Metrics And Ratios for Primis Financial

This table displays calculated financial ratios and metrics derived from Primis Financial's official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
DEI Shares Outstanding		 12,202,243.00 12,261,643.00 23,916,453.00 24,052,253.00 24,181,534.00 24,368,612.00 24,574,619.00 24,664,097.00 24,681,764.00 - 24,644,385.00
DEI Adjusted Shares Outstanding		 12,202,243.00 12,261,643.00 23,916,453.00 24,052,253.00 24,181,534.00 24,368,612.00 24,574,619.00 24,664,097.00 24,681,764.00 - 24,644,385.00
DEI Earnings Per Adjusted Shares Outstanding		 0.76 0.84 0.10 1.40 1.37 0.94 1.27 0.57 -0.41 - 2.35
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 12.92% 6.75% 70.04% 38.06% -6.19% 11.81% -0.92% 14.07% 20.40% 2.36% 51.86%
EBITDA Growth		 30.04% 28.72% 23.25% 151.04% -13.85% -48.35% 102.17% -44.66% -108.26% -646.87% 512.39%
EBIT Growth		 24.20% 10.40% 1.07% 178.10% -12.13% -50.82% 111.40% -56.19% -161.13% -158.55% 351.03%
NOPAT Growth		 24.13% 11.01% -76.48% 1,289.32% -4.54% -54.68% 111.88% -54.19% -155.31% -158.55% 385.89%
Net Income Growth		 24.13% 11.01% -76.48% 1,289.32% -1.56% -30.72% 35.40% -54.53% -171.47% -143.92% 334.51%
EPS Growth		 19.05% 10.67% -84.34% 969.23% 0.00% 0.00% 0.00% 0.00% -156.14% -106.25% 477.27%
Operating Cash Flow Growth		 6.39% 47.50% 36.42% 68.54% -17.43% -15.86% -4.09% -54.97% 131.77% -32.23% -44.87%
Free Cash Flow Firm Growth		 -345.70% 73.73% -7,123.78% 134.96% -71.36% -176.72% 197.12% -593.49% 240.06% -83.00% -150.81%
Invested Capital Growth		 21.42% 8.49% 230.04% -19.64% -3.16% 9.41% -1.11% 32.63% -32.99% -11.83% 16.68%
Revenue Q/Q Growth		 1.21% 0.15% 25.88% -0.54% -1.96% 3.65% 1.53% 8.49% -1.59% 2.88% 23.17%
EBITDA Q/Q Growth		 2.87% 13.69% 80.12% -0.66% -5.52% -19.99% 8.72% -29.43% -114.72% -617.83% 518.37%
EBIT Q/Q Growth		 4.78% -0.12% 65.47% 2.68% -4.48% -19.15% 19.86% -36.96% -294.17% -145.88% 1,620.51%
NOPAT Q/Q Growth		 4.23% -1.39% -58.04% 35.71% 0.80% -24.19% 15.78% -27.69% -420.97% -145.88% 2,595.29%
Net Income Q/Q Growth		 4.23% -1.39% -58.04% 35.71% 3.95% -1.33% -3.53% -27.69% -514.77% -175.22% 2,595.29%
EPS Q/Q Growth		 2.74% -2.35% -56.67% 29.91% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 611.43%
Operating Cash Flow Q/Q Growth		 -19.77% 46.50% 33.74% -5.71% -8.04% 69.80% -32.65% -55.89% 161.00% -83.65% 119.30%
Free Cash Flow Firm Q/Q Growth		 -491.51% 61.75% -11.28% 379.30% -75.09% 90.22% -87.95% -1,339.52% 77.25% 121.12% -122.89%
Invested Capital Q/Q Growth		 12.56% 5.38% 8.84% -10.93% 16.65% -31.23% -0.39% 31.16% 14.60% -29.02% -3.47%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 31.51% 37.99% 27.54% 50.07% 45.99% 21.24% 43.35% 21.03% -1.44% -13.53% 36.74%
EBIT Margin		 34.54% 35.72% 21.23% 42.76% 40.06% 17.62% 37.60% 14.44% -7.33% -19.61% 32.42%
Profit (Net Income) Margin		 22.99% 23.91% 3.31% 33.27% 34.91% 21.63% 29.56% 11.78% -7.00% -16.74% 25.85%
Tax Burden Percent		 66.56% 66.93% 15.57% 77.80% 87.16% 122.78% 78.64% 81.62% 90.46% 85.34% 79.72%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 105.50% 100.00% 100.00%
Effective Tax Rate		 33.44% 33.07% 84.43% 22.20% 15.48% 22.12% 21.95% 18.38% 0.00% 0.00% 20.28%
Return on Invested Capital (ROIC)		 4.99% 4.85% 0.51% 5.11% 5.57% 2.45% 4.99% 1.98% -1.15% -3.93% 11.08%
ROIC Less NNEP Spread (ROIC-NNEP)		 4.99% 4.85% 0.51% 5.11% 6.03% 6.43% 5.10% 1.98% -1.94% -7.27% 11.08%
Return on Net Nonoperating Assets (RNNOA)		 2.96% 3.54% 0.57% 4.93% 3.58% 3.54% 2.78% 1.56% -1.42% -2.54% 3.61%
Return on Equity (ROE)		 7.95% 8.38% 1.08% 10.04% 9.14% 5.99% 7.77% 3.54% -2.57% -6.47% 14.68%
Cash Return on Invested Capital (CROIC)		 -14.36% -3.30% -106.48% 26.90% 8.78% -6.54% 6.11% -26.08% 38.36% 8.64% -4.32%
Operating Return on Assets (OROA)		 1.43% 1.41% 0.83% 1.63% 1.40% 0.64% 1.22% 0.50% -0.29% -0.77% 1.88%
Return on Assets (ROA)		 0.95% 0.95% 0.13% 1.27% 1.22% 0.79% 0.96% 0.41% -0.27% -0.65% 1.50%
Return on Common Equity (ROCE)		 7.95% 8.38% 1.08% 10.04% 9.14% 5.99% 7.77% 3.54% -2.50% -6.17% 14.44%
Return on Equity Simple (ROE_SIMPLE)		 7.76% 8.16% 0.75% 9.67% 8.79% 5.88% 7.59% 3.64% -2.69% -7.01% 13.68%
Net Operating Profit after Tax (NOPAT)		 9.29 10 2.43 34 32 15 31 14 -7.83 -20 58
NOPAT Margin		 22.99% 23.91% 3.31% 33.27% 33.86% 13.72% 29.35% 11.78% -5.41% -13.73% 25.85%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% 0.00% -0.47% -3.98% -0.11% 0.00% 0.79% 3.33% 0.00%
SG&A Expenses to Revenue		 41.11% 38.37% 38.81% 38.53% 39.54% 47.53% 49.31% 58.00% 57.58% 62.00% 47.56%
Operating Expenses to Revenue		 57.61% 52.89% 67.01% 53.09% 59.57% 64.07% 67.92% 76.17% 84.82% 85.26% 62.09%
Earnings before Interest and Taxes (EBIT)		 14 15 16 43 38 19 40 17 -11 -29 73
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 13 16 20 51 44 23 46 25 -2.09 -20 82
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.97 1.18 0.90 0.71 0.83 0.62 0.76 0.66 0.76 0.81 0.80
Price to Tangible Book Value (P/TBV)		 1.07 1.30 1.37 1.04 1.17 0.86 1.03 0.91 1.02 1.11 1.03
Price to Revenue (P/Rev)		 2.86 3.46 3.97 2.43 3.30 2.29 2.97 2.14 1.98 1.94 1.51
Price to Earnings (P/E)		 12.45 14.47 119.99 7.30 9.45 10.57 10.05 18.16 0.00 0.00 5.50
Dividend Yield		 3.38% 2.63% 2.63% 3.13% 2.78% 4.01% 3.14% 3.84% 3.45% 3.46% 2.92%
Earnings Yield		 8.03% 6.91% 0.83% 13.69% 10.59% 9.46% 9.95% 5.51% 0.00% 0.00% 18.18%
Enterprise Value to Invested Capital (EV/IC)		 0.83 0.89 0.92 0.78 0.83 0.45 0.00 0.74 0.69 0.73 0.59
Enterprise Value to Revenue (EV/Rev)		 4.20 4.56 9.18 4.51 4.97 2.62 0.00 5.05 2.63 2.38 1.49
Enterprise Value to EBITDA (EV/EBITDA)		 13.33 12.01 33.33 9.00 10.82 12.33 0.00 23.99 0.00 0.00 4.06
Enterprise Value to EBIT (EV/EBIT)		 12.16 12.77 43.23 10.54 12.42 14.86 0.00 34.95 0.00 0.00 4.60
Enterprise Value to NOPAT (EV/NOPAT)		 18.27 19.08 277.63 13.54 14.69 19.09 0.00 42.82 0.00 0.00 5.77
Enterprise Value to Operating Cash Flow (EV/OCF)		 13.89 10.92 27.38 11.01 13.81 9.66 0.00 48.72 13.17 17.99 31.01
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 2.57 9.31 0.00 0.00 0.00 1.45 7.91 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.71 0.75 1.26 0.69 0.51 0.59 0.50 1.10 0.37 0.32 0.33
Long-Term Debt to Equity		 0.62 0.75 1.22 0.63 0.47 0.55 0.48 1.08 0.37 0.31 0.32
Financial Leverage		 0.59 0.73 1.12 0.96 0.59 0.55 0.55 0.79 0.73 0.35 0.33
Leverage Ratio		 8.36 8.86 8.36 7.92 7.48 7.57 8.11 8.73 9.44 9.90 9.82
Compound Leverage Factor		 8.36 8.86 8.36 7.92 7.48 7.57 8.11 8.73 9.96 9.90 9.82
Debt to Total Capital		 41.36% 42.92% 55.82% 40.67% 33.64% 37.20% 33.33% 52.32% 27.26% 24.27% 24.80%
Short-Term Debt to Total Capital		 5.09% 0.00% 2.12% 3.19% 2.27% 2.58% 1.62% 0.79% 0.56% 0.81% 0.63%
Long-Term Debt to Total Capital		 36.27% 42.92% 53.70% 37.48% 31.37% 34.62% 31.71% 51.53% 26.71% 23.46% 24.17%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 3.92% 2.74% 0.00%
Common Equity to Total Capital		 58.64% 57.08% 44.18% 59.33% 66.36% 62.80% 66.67% 47.68% 68.82% 72.98% 75.20%
Debt to EBITDA		 6.63 5.80 20.19 4.71 4.38 10.26 4.49 16.90 -71.44 -5.87 1.70
Net Debt to EBITDA		 4.24 2.91 18.93 4.14 3.65 1.56 -7.13 13.82 -34.27 -2.63 -0.05
Long-Term Debt to EBITDA		 5.81 5.80 19.42 4.34 4.08 9.54 4.28 16.65 -69.98 -5.67 1.65
Debt to NOPAT		 9.08 9.21 168.14 7.09 5.95 15.88 6.64 30.16 -19.04 -5.78 2.41
Net Debt to NOPAT		 5.82 4.62 157.64 6.24 4.95 2.42 -10.53 24.66 -9.13 -2.59 -0.07
Long-Term Debt to NOPAT		 7.97 9.21 161.76 6.53 5.54 14.77 6.32 29.71 -18.66 -5.59 2.35
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 2.72% 4.54% 1.68%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -27 -7.02 -507 177 51 -39 38 -187 261 44 -23
Operating Cash Flow to CapEx		 3,980.13% 12,603.50% 1,775.23% 0.00% 3,107.90% 2,660.81% 1,124.31% 1,228.66% 1,497.82% 1,635.68% 620.93%
Free Cash Flow to Firm to Interest Expense		 -3.77 -0.81 -32.37 6.36 1.37 -1.49 1.99 -8.64 2.78 0.42 -0.25
Operating Cash Flow to Interest Expense		 1.73 2.09 1.57 1.49 0.93 1.10 1.45 0.58 0.31 0.18 0.12
Operating Cash Flow Less CapEx to Interest Expense		 1.68 2.07 1.48 1.49 0.90 1.06 1.32 0.53 0.29 0.17 0.10
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.04 0.04 0.04 0.04 0.04 0.04 0.03 0.03 0.04 0.04 0.06
Fixed Asset Turnover		 4.41 5.04 3.33 2.97 2.99 3.45 3.47 4.31 6.30 7.36 17.55
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 204 221 731 587 568 622 615 816 547 482 562
Invested Capital Turnover		 0.22 0.20 0.15 0.15 0.16 0.18 0.17 0.17 0.21 0.29 0.43
Increase / (Decrease) in Invested Capital		 36 17 509 -143 -19 54 -6.92 201 -269 -65 80
Enterprise Value (EV)		 170 197 673 456 473 278 -12 606 379 351 334
Market Capitalization		 116 149 291 246 313 243 313 257 287 286 338
Book Value per Share		 $9.80 $10.30 $13.50 $14.48 $15.60 $16.03 $16.69 $15.77 $15.24 $14.23 $17.16
Tangible Book Value per Share		 $8.85 $9.38 $8.87 $9.88 $11.09 $11.60 $12.36 $11.40 $11.37 $10.42 $13.37
Total Capital		 204 221 731 587 568 622 615 816 547 482 562
Total Debt		 84 95 408 239 191 231 205 427 149 117 139
Total Long-Term Debt		 74 95 392 220 178 215 195 420 146 113 136
Net Debt		 54 48 382 210 159 35 -325 349 71 52 -4.12
Capital Expenditures (CapEx)		 0.31 0.14 1.39 -0.16 1.10 1.08 2.46 1.01 1.92 1.19 1.73
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00 0.00 -1.01 -8.40 -0.23 0.00 2.29 4.43 0.00
Net Nonoperating Obligations (NNO)		 84 95 408 239 191 231 205 427 149 117 139
Total Depreciation and Amortization (D&A)		 -1.22 0.98 4.63 7.40 5.63 3.85 6.05 7.91 8.51 8.97 9.65
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.76 $0.84 $0.13 $1.40 $1.38 $0.96 $0.00 $0.00 $0.00 ($0.66) $2.49
Adjusted Weighted Average Basic Shares Outstanding		 12.24M 12.32M 23.98M 24.12M 24.30M 24.44M 24.58M 0.00 0.00 0.00 24.70M
Adjusted Diluted Earnings per Share		 $0.75 $0.83 $0.13 $1.39 $1.36 $0.96 $0.00 $0.00 $0.00 ($0.66) $2.49
Adjusted Weighted Average Diluted Shares Outstanding		 12.24M 12.32M 23.98M 24.12M 24.30M 24.44M 24.58M 0.00 0.00 0.00 24.70M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 12.24M 12.32M 23.98M 24.12M 24.30M 24.44M 24.58M 0.00 0.00 0.00 24.70M
Normalized Net Operating Profit after Tax (NOPAT)		 9.48 11 18 34 32 15 31 14 -0.02 -20 58
Normalized NOPAT Margin		 23.47% 24.84% 24.35% 33.55% 33.82% 14.43% 29.35% 11.78% -0.01% -13.73% 25.85%
Pre Tax Income Margin		 34.54% 35.72% 21.23% 42.76% 40.06% 17.62% 37.60% 14.44% -7.73% -19.61% 32.42%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 1.97 1.78 0.99 1.56 1.03 0.72 2.08 0.80 -0.11 -0.27 0.82
NOPAT to Interest Expense		 1.31 1.19 0.15 1.21 0.87 0.56 1.62 0.66 -0.08 -0.19 0.65
EBIT Less CapEx to Interest Expense		 1.93 1.77 0.91 1.56 1.00 0.67 1.95 0.76 -0.13 -0.28 0.80
NOPAT Less CapEx to Interest Expense		 1.27 1.18 0.07 1.22 0.84 0.52 1.49 0.61 -0.10 -0.20 0.63
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 68.46% 38.02% 239.09% 22.82% 26.20% 42.37% 31.52% 69.64% -97.66% -40.10% 17.07%
Augmented Payout Ratio		 76.22% 38.02% 239.09% 22.82% 26.20% 42.37% 31.52% 69.64% -97.66% -40.10% 18.46%

Quarterly Metrics And Ratios for Primis Financial

This table displays calculated financial ratios and metrics derived from Primis Financial's official financial filings.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding		 24,686,764.00 24,681,764.00 24,681,764.00 24,681,764.00 24,690,064.00 - 49,445,468.00 24,722,734.00 24,643,185.00 24,644,385.00 24,699,185.00
DEI Adjusted Shares Outstanding		 24,686,764.00 24,681,764.00 24,681,764.00 24,681,764.00 24,690,064.00 - 49,445,468.00 24,722,734.00 24,643,185.00 24,644,385.00 24,699,185.00
DEI Earnings Per Adjusted Shares Outstanding		 -0.24 -0.42 0.03 0.06 -0.03 - 0.38 0.10 0.28 1.20 0.30
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 11.08% -6.21% -17.25% 10.64% 9.55% 11.93% 65.00% 21.02% 9.91% 108.55% -22.27%
EBITDA Growth		 -139.59% -388.94% -70.82% 10,741.67% 152.39% -135.54% 660.83% 2.42% 853.20% 231.13% -49.14%
EBIT Growth		 -216.18% -937.68% -85.80% 211.11% 74.26% -114.90% 1,506.99% 5.89% 852.54% 213.07% -58.00%
NOPAT Growth		 -208.38% -597.94% -90.29% 187.02% 74.26% -114.90% 2,244.09% 58.76% 940.41% 231.58% -61.58%
Net Income Growth		 -306.97% -598.19% -90.29% 176.98% 85.79% -150.24% 2,244.09% 58.76% 896.97% 212.94% -61.58%
EPS Growth		 -300.00% 0.00% -70.59% 275.00% 120.83% -179.41% 820.00% -28.57% 460.00% 225.26% -67.39%
Operating Cash Flow Growth		 -108.75% 715.98% 91.91% 319.97% 750.97% -152.73% 3,664.04% -178.41% -287.99% 175.98% -258.06%
Free Cash Flow Firm Growth		 8,946.29% 230.24% -496.85% -376.27% -243.07% -83.68% 349.48% 200.50% 150.90% -220.54% -468.98%
Invested Capital Growth		 -23.31% -32.99% 5.35% 21.33% 42.37% -11.83% -8.77% -17.00% -14.20% 16.68% 51.24%
Revenue Q/Q Growth		 5.53% 3.44% 0.99% 0.36% 4.48% 3.94% 51.38% -26.39% -5.11% 97.23% -43.58%
EBITDA Q/Q Growth		 -4,637.50% -454.41% 129.28% 47.17% -78.07% -2,713.06% 190.23% -80.19% 104.05% 259.48% -65.00%
EBIT Q/Q Growth		 -78.97% -217.98% 110.67% 83.01% -141.46% -2,662.45% 176.66% -87.94% 194.67% 315.07% -71.53%
NOPAT Q/Q Growth		 -78.97% -230.91% 107.77% 89.04% -152.94% -2,662.45% 184.78% -87.20% 180.26% 332.50% -75.25%
Net Income Q/Q Growth		 -202.36% -73.36% 107.77% 89.04% -155.83% -2,951.93% 172.77% -87.20% 180.26% 332.50% -75.25%
EPS Q/Q Growth		 -200.00% -41.67% 129.41% 40.00% -64.29% -2,000.00% 196.84% -89.13% 180.00% 325.00% -74.79%
Operating Cash Flow Q/Q Growth		 96.09% 7,136.13% -101.47% 5,515.75% -88.42% -873.93% 190.94% -219.15% 72.23% 352.48% -289.18%
Free Cash Flow Firm Q/Q Growth		 280.51% 82.40% -110.29% -286.99% -97.05% 120.80% 57.28% 55.89% -0.19% -149.26% -381.45%
Invested Capital Q/Q Growth		 -2.62% 14.60% -1.29% 10.14% 14.26% -29.02% 2.13% 0.20% 18.11% -3.47% 32.38%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 -6.40% -34.28% 9.94% 14.58% 3.06% -76.89% 45.83% 12.34% 26.53% 48.35% 29.99%
EBIT Margin		 -13.24% -40.71% 4.30% 7.84% -3.11% -82.71% 41.89% 6.86% 21.31% 44.84% 22.63%
Profit (Net Income) Margin		 -17.70% -29.67% 2.28% 4.30% -2.30% -67.45% 32.43% 5.64% 16.66% 36.53% 16.02%
Tax Burden Percent		 133.68% 70.03% 53.07% 54.82% 73.82% 81.55% 77.41% 82.19% 78.17% 81.46% 70.81%
Interest Burden Percent		 100.00% 104.07% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 0.00% 0.00% 46.93% 45.18% 0.00% 0.00% 22.59% 17.81% 21.83% 18.54% 29.19%
Return on Invested Capital (ROIC)		 -2.48% -6.29% 0.60% 1.11% -0.54% -16.59% 10.72% 1.85% 4.80% 15.65% 5.46%
ROIC Less NNEP Spread (ROIC-NNEP)		 -4.22% -6.29% 0.60% 1.11% -0.57% -19.37% 10.72% 1.85% 4.80% 15.65% 5.46%
Return on Net Nonoperating Assets (RNNOA)		 -1.81% -4.61% 0.20% 0.43% -0.28% -6.76% 3.64% 0.76% 2.97% 5.10% 2.95%
Return on Equity (ROE)		 -4.29% -10.90% 0.79% 1.54% -0.82% -23.35% 14.36% 2.61% 7.77% 20.75% 8.41%
Cash Return on Invested Capital (CROIC)		 26.83% 38.36% -7.93% -21.23% -36.38% 8.64% 8.38% 17.85% 15.63% -4.32% -33.33%
Operating Return on Assets (OROA)		 -0.54% -1.59% 0.15% 0.28% -0.11% -3.23% 1.88% 0.31% 0.97% 2.59% 1.20%
Return on Assets (ROA)		 -0.72% -1.16% 0.08% 0.15% -0.08% -2.63% 1.46% 0.26% 0.76% 2.11% 0.85%
Return on Common Equity (ROCE)		 -4.29% -10.60% 0.77% 1.50% -0.80% -22.29% 13.98% 2.54% 7.61% 20.40% 8.41%
Return on Equity Simple (ROE_SIMPLE)		 0.65% 0.00% -4.72% -3.76% -2.35% 0.00% -1.72% -1.47% 0.56% 0.00% 10.80%
Net Operating Profit after Tax (NOPAT)		 -3.16 -10 0.81 1.54 -0.81 -22 19 2.44 6.83 30 7.31
NOPAT Margin		 -9.27% -29.66% 2.28% 4.30% -2.18% -57.90% 32.43% 5.64% 16.66% 36.53% 16.02%
Net Nonoperating Expense Percent (NNEP)		 1.74% 0.00% 0.00% 0.00% 0.02% 2.79% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 57.57% 58.68% 60.52% 61.71% 61.21% 64.38% 42.07% 55.41% 60.54% 40.77% 59.44%
Operating Expenses to Revenue		 108.50% 80.22% 77.41% 83.42% 82.98% 96.36% 55.39% 73.92% 78.81% 52.14% 73.97%
Earnings before Interest and Taxes (EBIT)		 -4.51 -14 1.53 2.80 -1.16 -32 25 2.97 8.74 36 10
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -2.18 -12 3.54 5.20 1.14 -30 27 5.33 11 39 14
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.48 0.76 0.74 0.64 0.74 0.81 0.62 0.69 0.66 0.80 0.76
Price to Tangible Book Value (P/TBV)		 0.65 1.02 0.99 0.86 0.99 1.11 0.82 0.92 0.88 1.03 0.98
Price to Revenue (P/Rev)		 1.24 1.98 2.03 1.72 1.97 1.94 1.36 1.46 1.39 1.51 1.55
Price to Earnings (P/E)		 74.91 0.00 0.00 0.00 0.00 0.00 58.35 87.55 29.53 5.50 7.06
Dividend Yield		 5.41% 3.45% 3.55% 4.09% 3.49% 3.46% 4.27% 3.81% 3.90% 2.92% 3.03%
Earnings Yield		 1.34% 0.00% 0.00% 0.00% 0.00% 0.00% 1.71% 1.14% 3.39% 18.18% 14.16%
Enterprise Value to Invested Capital (EV/IC)		 0.39 0.69 0.66 0.66 0.74 0.73 0.59 0.57 0.67 0.59 0.65
Enterprise Value to Revenue (EV/Rev)		 1.28 2.63 2.58 2.80 3.50 2.38 1.71 1.59 2.14 1.49 2.29
Enterprise Value to EBITDA (EV/EBITDA)		 13.28 0.00 0.00 0.00 0.00 0.00 84.76 79.36 29.31 4.06 7.00
Enterprise Value to EBIT (EV/EBIT)		 34.47 0.00 0.00 0.00 0.00 0.00 0.00 0.00 92.38 4.60 8.29
Enterprise Value to NOPAT (EV/NOPAT)		 77.16 0.00 0.00 0.00 0.00 0.00 0.00 0.00 181.54 5.77 10.48
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 13.17 8.90 3.39 4.10 17.99 5.30 0.00 0.00 31.01 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 1.28 1.45 0.00 0.00 0.00 7.91 6.73 2.91 3.95 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.26 0.37 0.37 0.51 0.71 0.32 0.31 0.31 0.52 0.33 0.74
Long-Term Debt to Equity		 0.25 0.37 0.36 0.50 0.70 0.31 0.30 0.30 0.51 0.32 0.73
Financial Leverage		 0.43 0.73 0.33 0.38 0.49 0.35 0.34 0.41 0.62 0.33 0.54
Leverage Ratio		 9.35 9.44 10.24 9.98 10.15 9.90 9.85 10.17 10.24 9.82 9.91
Compound Leverage Factor		 9.35 9.82 10.24 9.98 10.15 9.90 9.85 10.17 10.24 9.82 9.91
Debt to Total Capital		 20.83% 27.26% 26.87% 33.67% 41.53% 24.27% 23.71% 23.69% 34.41% 24.80% 42.62%
Short-Term Debt to Total Capital		 0.80% 0.56% 0.56% 0.55% 0.54% 0.81% 0.82% 0.89% 0.68% 0.63% 0.47%
Long-Term Debt to Total Capital		 20.03% 26.71% 26.31% 33.12% 40.98% 23.46% 22.89% 22.80% 33.73% 24.17% 42.14%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 3.92% 3.71% 3.06% 2.36% 2.74% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 79.17% 68.82% 69.42% 63.28% 56.11% 72.98% 76.29% 76.31% 65.59% 75.20% 57.38%
Debt to EBITDA		 7.01 -71.44 -13.59 -36.29 -128.52 -5.87 33.99 32.83 15.08 1.70 4.60
Net Debt to EBITDA		 0.39 -34.27 -5.28 -24.22 -93.30 -2.63 17.38 6.40 10.27 -0.05 2.28
Long-Term Debt to EBITDA		 6.74 -69.98 -13.31 -35.70 -126.85 -5.67 32.82 31.60 14.78 1.65 4.55
Debt to NOPAT		 40.76 -19.04 -10.14 -18.92 -34.27 -5.78 -28.52 -29.38 93.41 2.41 6.88
Net Debt to NOPAT		 2.25 -9.13 -3.94 -12.63 -24.88 -2.59 -14.58 -5.72 63.64 -0.07 3.41
Long-Term Debt to NOPAT		 39.18 -18.66 -9.93 -18.61 -33.82 -5.59 -27.53 -28.28 91.56 2.35 6.80
Noncontrolling Interest Sharing Ratio		 0.00% 2.72% 2.53% 2.32% 2.07% 4.54% 2.60% 2.36% 2.06% 1.68% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 142 259 -27 -103 -203 42 66 103 103 -51 -245
Operating Cash Flow to CapEx		 0.00% 12,608.09% 0.00% 0.00% 0.00% -2,889.61% 0.00% 0.00% 0.00% 0.00% -26,648.04%
Free Cash Flow to Firm to Interest Expense		 5.98 10.60 -1.06 -3.77 -6.97 1.67 3.11 4.61 4.54 -2.26 -11.42
Operating Cash Flow to Interest Expense		 -0.04 2.68 -0.04 1.91 0.21 -1.37 1.61 -1.83 -0.50 1.28 -2.53
Operating Cash Flow Less CapEx to Interest Expense		 -0.04 2.66 -0.04 1.91 0.21 -1.41 1.61 -1.83 -0.50 1.28 -2.54
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.04 0.04 0.03 0.04 0.04 0.04 0.04 0.05 0.05 0.06 0.05
Fixed Asset Turnover		 5.83 6.30 6.02 6.21 6.46 7.36 8.61 8.99 9.31 17.55 16.77
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 477 547 540 594 679 482 492 493 583 562 744
Invested Capital Turnover		 0.27 0.21 0.26 0.26 0.25 0.29 0.33 0.33 0.29 0.43 0.34
Increase / (Decrease) in Invested Capital		 -145 -269 27 104 202 -65 -47 -101 -96 80 252
Enterprise Value (EV)		 188 379 354 393 504 351 291 282 390 334 483
Market Capitalization		 183 287 278 241 283 286 231 260 253 338 326
Book Value per Share		 $15.30 $15.24 $15.18 $15.24 $15.44 $14.23 $15.19 $15.23 $15.51 $17.16 $17.30
Tangible Book Value per Share		 $11.42 $11.37 $11.32 $11.40 $11.61 $10.42 $11.40 $11.44 $11.71 $13.37 $13.51
Total Capital		 477 547 540 594 679 482 492 493 583 562 744
Total Debt		 99 149 145 200 282 117 117 117 200 139 317
Total Long-Term Debt		 96 146 142 197 278 113 113 112 196 136 314
Net Debt		 5.50 71 56 133 205 52 60 23 137 -4.12 157
Capital Expenditures (CapEx)		 0.00 0.52 0.00 0.00 0.00 1.19 0.00 0.00 0.00 0.00 0.20
Net Nonoperating Expense (NNE)		 2.87 0.01 0.00 0.00 0.04 3.70 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 99 149 145 200 282 117 117 117 200 139 317
Total Depreciation and Amortization (D&A)		 2.33 2.27 2.01 2.40 2.30 2.26 2.32 2.37 2.14 2.83 3.36
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.00 ($0.34) $0.10 $0.14 $0.05 ($0.95) $0.92 $0.10 $0.28 $1.19 $0.30
Adjusted Weighted Average Basic Shares Outstanding		 0.00 0.00 0.00 0.00 24.72M 0.00 24.72M 24.64M 24.64M 24.70M 24.77M
Adjusted Diluted Earnings per Share		 $0.00 ($0.34) $0.10 $0.14 $0.05 ($0.95) $0.92 $0.10 $0.28 $1.19 $0.30
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 0.00 0.00 0.00 24.72M 0.00 24.72M 24.64M 24.64M 24.70M 24.77M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 0.00 0.00 0.00 24.72M 0.00 24.72M 24.64M 24.64M 24.70M 24.77M
Normalized Net Operating Profit after Tax (NOPAT)		 4.65 -10 0.81 1.54 -0.81 -22 19 2.44 6.83 30 7.31
Normalized NOPAT Margin		 13.65% -29.66% 2.28% 4.30% -2.18% -57.90% 32.43% 5.64% 16.66% 36.53% 16.02%
Pre Tax Income Margin		 -13.24% -42.37% 4.30% 7.84% -3.11% -82.71% 41.89% 6.86% 21.31% 44.84% 22.63%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 -0.19 -0.59 0.06 0.10 -0.04 -1.27 1.15 0.13 0.38 1.61 0.48
NOPAT to Interest Expense		 -0.13 -0.43 0.03 0.06 -0.03 -0.89 0.89 0.11 0.30 1.31 0.34
EBIT Less CapEx to Interest Expense		 -0.19 -0.61 0.06 0.10 -0.04 -1.32 1.15 0.13 0.38 1.61 0.47
NOPAT Less CapEx to Interest Expense		 -0.13 -0.45 0.03 0.06 -0.03 -0.94 0.89 0.11 0.30 1.31 0.33
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 404.92% -97.66% -55.95% -69.93% -110.33% -40.10% -153.45% -178.49% 460.44% 17.07% 21.60%
Augmented Payout Ratio		 404.92% -97.66% -55.95% -69.93% -110.33% -40.10% -153.45% -193.05% 498.04% 18.46% 21.60%

Financials Breakdown Chart

Key Financial Trends

Primis Financial (NASDAQ: FRST) showed a sharp recovery in early 2026, but the longer-term picture is still uneven. In Q1 2026, the company earned $7.3 million, up from $2.4 million in Q2 2025 and $6.8 million in Q3 2025, but down from the unusually strong $29.5 million in Q4 2025. Revenue also fell sharply from Q4 2025’s elevated level, reflecting how much that quarter was helped by large non-interest gains.

The core banking business remains profitable, but earnings quality is mixed. Q1 2026 net interest income improved to $32.1 million from $30.9 million in Q4 2025, helped by slightly better interest income and lower interest expense. However, non-interest income dropped steeply to $13.6 million from $50.0 million in Q4 2025 because capital gains and other one-time items normalized. That suggests the prior quarter was not fully repeatable.

Credit costs were stable in Q1 2026, but still meaningful. The provision for credit losses was $1.5 million, down from $2.4 million in Q4 2025 and well below the $8.3 million seen in Q2 2025. That’s a positive sign, though Primis still carries a sizable loan book and will need to keep credit quality under control.

Costs remain elevated relative to the bank’s earnings power. Non-interest expense came in at $33.8 million in Q1 2026, only modestly below Q4 2025’s $42.2 million. Salaries and employee benefits were $19.6 million, and other operating expenses were $5.9 million. Expense control appears better than the fourth quarter, but the business still has a fairly heavy cost base.

Cash flow was weak from operations in Q1 2026 despite positive net income. Operating cash flow was negative $54.4 million, compared with positive $28.7 million in Q4 2025 and positive $34.4 million in Q1 2025. That disconnect between earnings and cash flow is a notable caution flag for investors.

The balance sheet expanded again. Total assets increased to $4.26 billion in Q1 2026 from $3.95 billion in Q3 2025 and $3.87 billion in Q2 2025. Loans and leases, net, rose to $3.35 billion from $3.16 billion in Q3 2025, which supports revenue growth but also increases credit exposure.

Liquidity appears adequate, but the funding mix remains deposit-heavy and debt-supported. Primis had $541.2 million in non-interest-bearing deposits and $2.88 billion in interest-bearing deposits at quarter-end. Debt was also meaningful, including $313.8 million in long-term debt and $3.5 million in short-term debt. The bank is still reliant on funding costs and balance-sheet management.

  • Q1 2026 net income improved to $7.3 million, up from the weaker quarters in mid-2025.
  • Net interest income rose to $32.1 million, showing the core spread business improved modestly.
  • Provision for credit losses fell to $1.5 million, suggesting some easing in credit pressure.
  • Deposits grew meaningfully versus Q3 2025, which supports liquidity and funding capacity.
  • Q4 2025 was unusually strong because of large investment gains, so it likely overstates normalized earnings power.
  • Total assets and loans expanded in Q1 2026, which can help revenue but also raises risk exposure.
  • Non-interest expense remains elevated and still consumes a large share of revenue.
  • Operating cash flow was negative at $54.4 million in Q1 2026, a major concern despite reported profit.
  • Non-interest income fell sharply from Q4 2025, highlighting volatility in fee and investment-related earnings.
  • The balance sheet remains leveraged with sizable debt and interest-bearing deposits, which can pressure margins if rates stay high.

Bottom line: Primis Financial’s Q1 2026 results show a bank that is still generating profit and improving its core spread income, but the business is not yet producing consistently strong cash flow. Investors should watch whether earnings can hold up without one-time gains and whether operating cash flow turns positive again in coming quarters.

07/03/26 11:43 AM ETAI Generated. May Contain Errors.

Primis Financial Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Primis Financial's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Over the last 10 years, Primis Financial's net income changed from $9.29 million in 2015 to $57.84 million in 2025, a change of 522.7%. View Primis Financial's forecast to see where analysts expect Primis Financial to go next.

Over the last 10 years, Primis Financial's total revenue changed from $40.41 million in 2015 to $223.78 million in 2025, a change of 453.8%.

Primis Financial's total liabilities were at $3.62 billion at the end of 2025, a 9.0% increase from 2024, and a 295.5% increase since 2015.

In the past 10 years, Primis Financial's cash and equivalents has ranged from $1.86 million in 2023 to $9.69 million in 2025, and is currently $9.69 million as of their latest financial filing in 2025.

Over the last 10 years, Primis Financial's book value per share changed from 9.80 in 2015 to 17.16 in 2025, a change of 75.0%.


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Financial statements for NASDAQ:FRST last updated on 7/2/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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