Company research
Primis Financial Corp.
CIK 1325670Updated Sep 24, 2026
SecurityFRST · NASDAQ · equity
Name history
Southern National Bancorp of Virginia Inc · through Mar 16, 2021
FRST price & chart
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NASDAQ:FRST on TradingView ↗About the company
As of June 30, 2026, Primis had $4.4 billion in total assets, $3.5 billion in total loans held for investment and $3.4 billion in total deposits. Primis Bank provides a range of financial services to individuals and small- and medium-sized businesses through twenty-four full-service branches in Virginia and Maryland and provides services to customers through certain online and mobile applications.
In the news
Primis Financial Corp. Announces Date for Second Quarter 2026 Earnings Release and Conference Call ↗
Recent filings
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements
Items 5.02
10-Q filing
Results of Operations and Financial Condition · Regulation FD Disclosure · Other Events
Items 2.02, 7.01, 8.01, 9.01
EFFECT filing
S-3/A filing
Show 5 more recent filings
Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 4,047,388,000Source | 3,690,115,000Source | 3,856,546,000Source | 3,566,664,000Source |
| Property, Plant and Equipment, NetUSD | 6,070,000Source | 19,432,000Source | 20,611,000Source | 25,257,000Source |
| GoodwillUSD | 93,459,000Source | 93,459,000Source | 93,459,000Source | 104,609,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 143,607,000Source | 64,505,000Source | 77,553,000Source | 77,859,000Source |
| Operating Lease, Right-of-Use AssetUSD | 65,596,000Source | 10,279,000Source | 10,646,000Source | 5,335,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 3,624,492,000Source | 3,325,133,000Source | 3,458,953,000Source | 3,177,696,000Source |
| Stockholders’ equity: | ||||
| Common Stock, Value, IssuedUSD | 247,000Source | 247,000Source | 247,000Source | 246,000Source |
| Additional Paid in CapitalUSD | 316,509,000Source | 314,694,000Source | 313,548,000Source | 312,722,000Source |
| Retained Earnings (Accumulated Deficit)USD | 109,617,000Source | 58,047,000Source | 84,143,000Source | 101,850,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -2,670,000Source | -21,232,000Source | -21,777,000Source | -25,850,000Source |
| Stockholders' Equity Attributable to ParentUSD | 422,896,000Source | 351,756,000Source | 376,161,000Source | 388,968,000Source |
| Liabilities and EquityUSD | 4,047,388,000Source | 3,690,115,000Source | 3,856,546,000Source | 3,566,664,000Source |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | — | 13,226,000Source | 21,432,000Source | — |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | 57,841,000Source | -24,665,000Source | -10,112,000Source | 14,148,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation and amortization | — | — | — | — |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 2,904,000Source | 940,000Source | 712,000Source | 395,000Source |
| Deferred Income Tax Expense (Benefit)USD | 6,466,000Source | -4,268,000Source | -3,699,000Source | -3,300,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 10,767,000Source | 19,530,000Source | — | — |
| Cash flows from investing activities: | ||||
| Payments to Acquire Businesses, Net of Cash AcquiredUSD | — | — | — | 4,554,000Source |
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -158,215,000Source | 108,297,000Source | — | — |
| Payments to Acquire Property, Plant, and EquipmentUSD | 1,734,000Source | 1,194,000Source | 1,924,000Source | 1,012,000Source |
| Cash flows from financing activities: | ||||
| Payments for Repurchase of Common StockUSD | 807,000Source | — | — | — |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 226,550,000Source | -140,875,000Source | 283,632,000Source | 152,113,000Source |
| Payments of Ordinary Dividends, Common StockUSD | 9,873,000Source | 9,891,000Source | 9,875,000Source | 9,853,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | 79,102,000Source | -13,048,000Source | -306,000Source | -452,308,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 143,607,000Source | 64,505,000Source | 77,553,000Source | 77,859,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 89,585,000Source | 107,197,000Source | 91,817,000Source | 20,190,000Source |
| Income Taxes Paid, NetUSD | -483,000Source | 2,336,000Source | 5,755,000Source | 3,046,000Source |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 602,000Source | 1,265,000Source | 1,269,000Source | 1,325,000Source |
| Bank Owned Life Insurance IncomeUSD | 1,785,000Source | 2,410,000Source | 2,021,000Source | 1,994,000Source |
| Debt Securities, Available-for-sale, Realized Gain (Loss)USD | -14,777,000Source | — | — | — |
| Depreciation, NonproductionUSD | 9,355,000Source | 8,928,000Source | 9,093,000Source | 7,433,000Source |
| Derivative, Gain (Loss) on Derivative, NetUSD | 1,340,000Source | 4,320,000Source | 18,120,000Source | 65,000Source |
| Disposal Group, Not Discontinued Operation, Gain (Loss) on DisposalUSD | — | 4,723,000Source | — | — |
| Equipment ExpenseUSD | 7,488,000Source | 7,327,000Source | 6,381,000Source | 5,231,000Source |
| Equity Method Investment, Realized Gain (Loss) on DisposalUSD | 32,342,000Source | — | — | — |
| FinancingReceivableExcludingAccruedInterestCreditLossExpenseReversalUSD | 12,289,000Source | 50,621,000Source | 32,540,000Source | 11,271,000Source |
| Gain (Loss) on Disposition of AssetsUSD | -191,000Source | 463,000Source | -476,000Source | -684,000Source |
| Gain (Loss) on Sale of Mortgage LoansUSD | 32,387,000Source | 23,919,000Source | 17,645,000Source | 5,054,000Source |
| Gain (Loss) on Extinguishment of DebtUSD | — | — | — | 0Source |
| GoodwillUSD | 93,459,000Source | 93,459,000Source | 93,459,000Source | 104,609,000Source |
| Goodwill, Impairment LossUSD | — | — | 11,150,000Source | 0Source |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | — | — | -10,112,000Source | 14,148,000Source |
| Income Tax Expense (Benefit)USD | 14,713,000Source | -4,238,000Source | -1,067,000Source | 3,185,000Source |
| Net Income (Loss) Attributable to ParentUSD | 61,443,000Source | -16,205,000Source | -7,832,000Source | 14,148,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | -3,602,000Source | -8,460,000Source | -2,280,000Source | — |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | 61,443,000Source | -16,205,000Source | -7,832,000Source | 14,148,000Source |
| Operating Lease, ExpenseUSD | — | 300,000Source | 600,000Source | — |
| Other Interest and Dividend IncomeUSD | 3,968,000Source | 3,816,000Source | 13,457,000Source | 2,243,000Source |
| Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-saleUSD | 37,416,000Source | 35,592,000Source | 27,561,000Source | 36,960,000Source |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | 72,554,000Source | -28,903,000Source | -11,179,000Source | 17,333,000Source |
| Income Tax Expense (Benefit)USD | 14,713,000Source | -4,238,000Source | -1,067,000Source | 3,185,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | -3,602,000Source | -8,460,000Source | -2,280,000Source | — |
| Net Income (Loss) Attributable to ParentUSD | 61,443,000Source | -16,205,000Source | -7,832,000Source | 14,148,000Source |
| Earnings Per Share, BasicUSD per share | 2.49Source | -0.66Source | — | — |
| Earnings Per Share, DilutedUSD per share | 2.49Source | -0.66Source | — | — |
| Weighted Average Number of Shares Outstanding, Basicshares | 24,668,000Source | 24,688,000Source | 24,639,000Source | 24,561,000Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 24,683,000Source | 24,688,000Source | 24,639,000Source | 24,669,000Source |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 602,000Source | 1,265,000Source | 1,269,000Source | 1,325,000Source |
| Bank Owned Life Insurance IncomeUSD | 1,785,000Source | 2,410,000Source | 2,021,000Source | 1,994,000Source |
| Business Combination, Acquisition Related CostsUSD | — | — | — | 400,000Source |
| Current Income Tax Expense (Benefit)USD | 8,247,000Source | 30,000Source | 2,632,000Source | 6,485,000Source |
| Depreciation, Depletion and Amortization, NonproductionUSD | 2,000,000Source | 2,200,000Source | 2,400,000Source | 2,500,000Source |
| Equipment ExpenseUSD | 7,488,000Source | 7,327,000Source | 6,381,000Source | 5,231,000Source |
| FinancingReceivableExcludingAccruedInterestCreditLossExpenseReversalUSD | 12,289,000Source | 50,621,000Source | 32,540,000Source | 11,271,000Source |
| Goodwill, Impairment LossUSD | — | — | 11,150,000Source | 0Source |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | — | — | -10,112,000Source | 14,148,000Source |
| Income (Loss) from Continuing Operations, Per Basic ShareUSD per share | — | -0.66Source | -0.32Source | 0.58Source |
| Income (Loss) from Continuing Operations, Per Diluted ShareUSD per share | — | -0.66Source | -0.32Source | 0.57Source |
| Interest ExpenseUSD | — | — | 93,907,000Source | 21,587,000Source |
| InterestExpenseOperatingUSD | 89,014,000Source | 106,747,000Source | — | — |
| Interest Income (Expense), NetUSD | 111,428,000Source | 104,222,000Source | 98,711,000Source | 101,700,000Source |
| Interest Income, OperatingUSD | 200,442,000Source | 210,969,000Source | — | — |
| Labor and Related ExpenseUSD | 79,059,000Source | 66,615,000Source | 58,765,000Source | 49,005,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | 61,443,000Source | -16,205,000Source | -7,832,000Source | 14,148,000Source |
| Operating Lease, ExpenseUSD | — | 300,000Source | 600,000Source | — |
| Other Cost and Expense, OperatingUSD | 49,200,000Source | 48,465,000Source | — | — |
| Other Interest and Dividend IncomeUSD | 3,968,000Source | 3,816,000Source | 13,457,000Source | 2,243,000Source |
Filing attachments
tm2621139d1_ex99-1.htm · 8-K · 2026-07-23
EX-99.1 2 tm2621139d1_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 Primis Financial Corp. Reports Strong Results for the Second Quarter of 2026 Declares Quarterly Cash Dividend of $0.10 Per Share For immediate release Thursday, July 23, 2026 McLean, Virginia, July 23, 2026 - Primis Financial Corp. (NASDAQ: FRST) (“Primis” or the “Company”), and its wholly-owned subsidiary, Primis Bank (the “Bank”), today reported net income available to common shareholders of $9.4 million, or $0.38 per diluted …
Read attachment ↗tm2621139d1_ex99-2.htm · 8-K · 2026-07-23
EX-99.2 3 tm2621139d1_ex99-2.htm EXHIBIT 99.2 Exhibit 99.2 Primis Financial Corp. NASDAQ: FRST Second Quarter 2026 Forward - Looking Statements This presentation and certain of our other filings with the Securities and Exchange Commission contain statements that constitute “forward - looking statements” within the meaning of, and subject to the protections of, Section 27 A of the Securities Act of 1933, as amended, and Section 21 E of the Securities Exchange Act of 1934, as amended. All st…
Read attachment ↗tm2619419d1_ex99-1.htm · 8-K · 2026-06-30
EX-99.1 2 tm2619419d1_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 Primis Financial Corp. Announces Appointment of New Board Member Margaret Weichert For immediate release June 30, 2026 McLean, Virginia, June 30, 2026 - Primis Financial Corp. (NASDAQ: FRST) (“Primis” or the “Company”) and its wholly-owned subsidiary Primis Bank, today announced that Ms. Margaret M. Weichert was elected to Primis’ Board of Directors. Ms. Weichert is a visionary financial services executive with a 30-year record …
Read attachment ↗tm2615814d1_ex99-1.htm · 8-K · 2026-05-27
EX-99.1 2 tm2615814d1_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 Primis Financial Corp. Announces Election of New Board Members Scott Gamble and Brock Saunders For immediate release May 27, 2026 McLean, Virginia, May 27, 2026 - Primis Financial Corp. (NASDAQ: FRST) (“Primis” or the “Company”) and its wholly-owned subsidiary Primis Bank, today announced that Mr. Scott R. Gamble and Mr. J. Brock Saunders were elected to Primis’ Board of Directors at its annual meeting of shareholders. Mr. Scott…
Read attachment ↗tm2612535d1_ex99-1.htm · 8-K · 2026-04-23
EX-99.1 2 tm2612535d1_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 Primis Financial Corp. Reports Strong Results for the First Quarter of 2026 Declares Quarterly Cash Dividend of $0.10 Per Share For immediate release Thursday, April 23, 2026 McLean, Virginia, April 23, 2026 - Primis Financial Corp. (NASDAQ: FRST) (“Primis” or the “Company”), and its wholly-owned subsidiary, Primis Bank (the “Bank”), today reported net income available to common shareholders of $7.3 million, or $0.30 per diluted…
Read attachment ↗tm2612535d1_ex99-2.htm · 8-K · 2026-04-23
EX-99.2 3 tm2612535d1_ex99-2.htm EXHIBIT 99.2 Exhibit 99.2 Primis Financial Corp. NASDAQ: FRST First Quarter 2026 Forward - Looking Statements This presentation and certain of our other filings with the Securities and Exchange Commission contain statements that constitute “forward - looking statements” within the meaning of, and subject to the protections of, Section 27 A of the Securities Act of 1933, as amended, and Section 21 E of the Securities Exchange Act of 1934, as amended. All sta…
Read attachment ↗