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.