$FRST

Primis Financial Corp.

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Primis Financial Corp Operating Profits Surge 126 Percent in First Quarter

Primis Financial Corp (NASDAQ:FRST) reported a first-quarter net income of $7.3 million, or $0.30 per share, for 2026, a decrease from the previous year due to one-time gains in 2025. Despite this, the company's operating profits surged by 126% year-over-year, reaching $0.33 per share on an operating basis. Primis saw significant improvement in its net interest income and margin, balance sheet growth, and expanding mortgage warehouse business, and remains on track to meet its 2026 profitability targets.

FRST Financials: Income Statement, Balance Sheet & Cash Flow

This article provides a detailed financial overview of Primis Financial Corp (FRST), including its income statement, balance sheet, cash flow statement, and key financial ratios. For fiscal year 2024, FRST reported $211.0M in revenue, a net loss of -$16.2M, and a Piotroski F-Score of 3 out of 9, indicating weak financial health. The company also showed a mixed earnings quality with a ratio of -1.21x, suggesting reliance on non-cash accounting items.