Tearsheet
FRST Home Investment Highlights Valuation & Metrics Price Chart Why The Stock Moved Return vs. Risk About FRST Interactive Breakdown Better Bets vs. FRST Latest Trefis Analyses Trade Ideas More From Trefis Peer Comparisons FDIC Bank Data FDA Approved Drugs Data Financials Segment Financials Price Behavior Short Interest Earnings Returns History SEC Filings Forward Guidance Insider Activity Trade Sentinel Investor Videos Industry Resource Links External Quote Links

Primis Financial (FRST)

Market Price (6/22/2026): $15.445 | Market Cap: $381.0 MilSector: Financials | Industry: Regional Banks

Primis Financial (FRST)

Market Price (6/22/2026): $15.445
Market Cap: $381.0 Mil
Sector: Financials
Industry: Regional Banks

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 15%, Dividend Yield is 2.6%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 10%

Low stock price volatility
Vol 12M is 30%

Megatrend and thematic drivers
Megatrends include Fintech & Digital Payments. Themes include Online Banking & Lending.

Trading close to highs
Dist 52W High is -1.8%, Dist 3Y High is -1.8%

Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -11%, Rev Chg QQuarterly Revenue Change % is -22%

Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -51%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -51%

Key risks
FRST key risks include [1] a potential Nasdaq delisting stemming from its failure to timely file financial reports and acknowledged material weaknesses in internal controls, Show more.

0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 15%, Dividend Yield is 2.6%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 10%
1 Low stock price volatility
Vol 12M is 30%
2 Megatrend and thematic drivers
Megatrends include Fintech & Digital Payments. Themes include Online Banking & Lending.
3 Trading close to highs
Dist 52W High is -1.8%, Dist 3Y High is -1.8%
4 Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -11%, Rev Chg QQuarterly Revenue Change % is -22%
5 Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -51%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -51%
6 Key risks
FRST key risks include [1] a potential Nasdaq delisting stemming from its failure to timely file financial reports and acknowledged material weaknesses in internal controls, Show more.

FRST in ETFs

Weight = FRST's share of each fund

VTI0.00%
IWM0.01%
IWN0.02%
VTWO0.01%
DFAS0.01%
DFAC0.00%
IWV0.00%

Valuation & Metrics

FYE: 12/31FRST [1]S&P 500 [2]
REVENUE GROWTH
LTM Revenue [3]$152.4 Mil—
FY 2026 Sales$195.1 Mil—
FY 2027 Sales$209.7 Mil—
FY 2026 Sales Growth28.0%—
FY 2027 Sales Growth7.5%7.7%
EARNINGS
LTM Net Income (GAAP) [3]$46.1 Mil—
FY 2026 Net Income (Non-GAAP)$38.5 Mil—
FY 2027 Net Income (Non-GAAP)$47.5 Mil—
FY 2027 Net Income Growth23.4%15.0%
FY 2026 EPS (Non-GAAP)$1.58—
FY 2027 EPS (Non-GAAP)$1.92—
FY 2027 EPS Growth21.6%—
VALUATION
FY 2026 P/S2.03.2
FY 2027 P/S1.8—
FY 2026 P/E9.920.5
FY 2027 P/E8.0—

[1] FRST forward figures are analyst consensus for the next two fiscal years (fiscal year end 12/31). Net Income and EPS are non-GAAP (adjusted) consensus. P/S and P/E divide the current market cap by the consensus figure.
[2] S&P 500 figures are the SPY ETF's holdings-weighted forward aggregate. P/S and P/E reflect FY1/FY2 consensus blended to the 12-month window ending 6/30/27 (~one year forward), shown when ≥90% of index weight has estimates. Growth is the aggregate next-fiscal-year vs current-fiscal-year (FY1→FY2) change. Index-level dollar Sales, Net Income and EPS are not applicable.
[3] LTM = reported trailing-twelve-month actuals (GAAP).
FRSTS&P 500
REVENUE GROWTHVERY POOR
Rev LTM ($ Bil)0.2
Rev Chg Q-22.3%8.8%
Rev Chg LTM-10.6%7.5%
Rev Chg 3Y Avg4.4%5.9%
PROFITABILITYVERY GOOD
Op Inc LTM ($ Bil)�
CFO LTM ($ Bil)-0.1
Net Inc LTM ($ Bil)0.0
CFO/Rev LTM-51.2%21.4%
Net Inc Mgn30.3%13.0%
VALUATIONLOW
P/S2.53.2
P/CFO-4.914.9
P/FCF-4.919.1
P/E8.324.2

AI Analysis | Feedback

MetricValueDateSource
Core Bank loans2.1 billion9302025Link
Panacea Financial loans548 million9302025Link
Mortgage warehouse outstandings327 million9302025Link
Approved lines for consumer loan program1.0 billion9302025Link
Digital platform deposits1.0 billion9302025Link
Panacea customer deposits133 million9302025Link
Mortgage loan closings323 million6302025Link
Number of full-service branches249302025Link
Number of Employees59212312024Link

Price Chart

No Events

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 6/9/2026

Primis Financial (FRST) stock has gained about 20% since 2/28/2026 because of the following key factors:

1. Primis Financial Corp. significantly surpassed earnings expectations in fiscal Q1 2026, reporting earnings per share (EPS) of $0.33. This beat the consensus estimate of $0.289 by 14.19% and reflected a strong turnaround from an earnings miss in the prior quarter. Revenue also exceeded expectations, coming in at $45.63 million against an estimated $41.50 million, a 9.95% positive surprise. The company's net interest income surged 23% year-over-year to $32 million, with the net interest margin expanding by 28 basis points to 3.43%.

2. Positive management commentary and an optimistic outlook for profitability through 2026 bolstered investor confidence. Management highlighted disciplined expense management and steady growth in core fee-based revenue streams as key drivers of the Q1 2026 performance. The company anticipates net interest margins will continue to expand, reaching the high 3.4%-3.5% range by year-end 2026.

Show more
Updated on 6/9/2026

Primis Financial (FRST) stock has gained about 20% since 2/28/2026 because of the following key factors:

1. Primis Financial Corp. significantly surpassed earnings expectations in fiscal Q1 2026, reporting earnings per share (EPS) of $0.33. This beat the consensus estimate of $0.289 by 14.19% and reflected a strong turnaround from an earnings miss in the prior quarter. Revenue also exceeded expectations, coming in at $45.63 million against an estimated $41.50 million, a 9.95% positive surprise. The company's net interest income surged 23% year-over-year to $32 million, with the net interest margin expanding by 28 basis points to 3.43%.

2. Positive management commentary and an optimistic outlook for profitability through 2026 bolstered investor confidence. Management highlighted disciplined expense management and steady growth in core fee-based revenue streams as key drivers of the Q1 2026 performance. The company anticipates net interest margins will continue to expand, reaching the high 3.4%-3.5% range by year-end 2026.

3. Strategic initiatives, particularly in specialized lending, drove substantial loan growth. Primis Financial reported a significant increase in mortgage warehouse outstandings, which grew to $460 million by the end of fiscal Q1 2026, up from $318 million at December 31, 2025. Additionally, loans from its Panacea Financial division grew by $56 million during fiscal Q1 2026, reaching $600 million.

Show less
Holding a concentrated position? Know your true downside before the momentum shifts.
Protect Your Wealth →

Stock Movement Drivers

Fundamental Drivers

The 17.8% change in FRST stock from 2/28/2026 to 6/21/2026 was primarily driven by a 514.5% change in the company's Net Income Margin (%).
(LTM values as of)22820266212026Change
Stock Price ($)13.1215.4517.8%
Change Contribution By: 
Total Revenues ($ Mil)174152-12.4%
Net Income Margin (%)4.9%30.3%514.5%
P/E Multiple37.78.3-78.1%
Shares Outstanding (Mil)2525-0.1%
Cumulative Contribution17.8%

LTM = Last Twelve Months as of date shown

Market Drivers

2/28/2026 to 6/21/2026
ReturnCorrelation
FRST17.8% 
Market (SPY)9.2%35.4%
Sector (XLF)4.7%50.8%

Fundamental Drivers

The 39.5% change in FRST stock from 11/30/2025 to 6/21/2026 was primarily driven by a 514.5% change in the company's Net Income Margin (%).
(LTM values as of)113020256212026Change
Stock Price ($)11.0715.4539.5%
Change Contribution By: 
Total Revenues ($ Mil)174152-12.4%
Net Income Margin (%)4.9%30.3%514.5%
P/E Multiple31.88.3-74.0%
Shares Outstanding (Mil)2525-0.1%
Cumulative Contribution39.5%

LTM = Last Twelve Months as of date shown

Market Drivers

11/30/2025 to 6/21/2026
ReturnCorrelation
FRST39.5% 
Market (SPY)9.9%21.8%
Sector (XLF)1.3%43.2%

Fundamental Drivers

The 68.5% change in FRST stock from 5/31/2025 to 6/21/2026 was primarily driven by a 1201.4% change in the company's Net Income Margin (%).
(LTM values as of)53120256212026Change
Stock Price ($)9.1715.4568.5%
Change Contribution By: 
Total Revenues ($ Mil)170152-10.6%
Net Income Margin (%)2.3%30.3%1201.4%
P/E Multiple57.18.3-85.5%
Shares Outstanding (Mil)25250.2%
Cumulative Contribution68.5%

LTM = Last Twelve Months as of date shown

Market Drivers

5/31/2025 to 6/21/2026
ReturnCorrelation
FRST68.5% 
Market (SPY)28.1%30.6%
Sector (XLF)6.7%49.1%

Fundamental Drivers

The 133.4% change in FRST stock from 5/31/2023 to 6/21/2026 was primarily driven by a 132.3% change in the company's Net Income Margin (%).
(LTM values as of)53120236212026Change
Stock Price ($)6.6215.45133.4%
Change Contribution By: 
Total Revenues ($ Mil)13815210.3%
Net Income Margin (%)13.0%30.3%132.3%
P/E Multiple9.18.3-8.8%
Shares Outstanding (Mil)2525-0.2%
Cumulative Contribution133.4%

LTM = Last Twelve Months as of date shown

Market Drivers

5/31/2023 to 6/21/2026
ReturnCorrelation
FRST133.4% 
Market (SPY)85.7%42.1%
Sector (XLF)77.0%57.4%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
FRST Return28%-18%11%-5%24%11%53%
Peers Return33%-5%-20%9%10%5%27%
S&P 500 Return27%-19%24%23%16%8%98%

Monthly Win Rates [3]
FRST Win Rate58%17%42%42%58%50% 
Peers Win Rate62%42%38%50%58%53% 
S&P 500 Win Rate75%42%67%75%67%50% 

Max Drawdowns [4]
FRST Max Drawdown-18%-24%-41%-29%-31%-11% 
Peers Max Drawdown-23%-25%-50%-19%-26%-16% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 

[1] Cumulative total returns since the beginning of 2021
[2] Peers: AUB, TOWN, WSBC, BHRB, BRBS.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 6/18/2026 (YTD)

How Low Can It Go

EventFRSTS&P 500
2025 US Tariff Shock
  % Loss-27.6%-18.8%
  % Gain to Breakeven38.0%23.1%
  Time to Breakeven80 days79 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-18.2%-9.5%
  % Gain to Breakeven22.2%10.5%
  Time to Breakeven8 days24 days
2023 SVB Regional Banking Crisis
  % Loss-41.3%-6.7%
  % Gain to Breakeven70.4%7.1%
  Time to Breakeven223 days31 days
2022 Inflation Shock & Fed Tightening
  % Loss-20.5%-24.5%
  % Gain to Breakeven25.8%32.4%
  Time to Breakeven1162 days427 days
2020 COVID-19 Crash
  % Loss-50.3%-33.7%
  % Gain to Breakeven101.1%50.9%
  Time to Breakeven351 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-19.0%-19.2%
  % Gain to Breakeven23.4%23.8%
  Time to Breakeven50 days105 days

Compare to AUB, TOWN, WSBC, BHRB, BRBS

In The Past

Primis Financial's stock fell -27.6% during the 2025 US Tariff Shock. Such a loss loss requires a 38.0% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventFRSTS&P 500
2025 US Tariff Shock
  % Loss-27.6%-18.8%
  % Gain to Breakeven38.0%23.1%
  Time to Breakeven80 days79 days
2023 SVB Regional Banking Crisis
  % Loss-41.3%-6.7%
  % Gain to Breakeven70.4%7.1%
  Time to Breakeven223 days31 days
2022 Inflation Shock & Fed Tightening
  % Loss-20.5%-24.5%
  % Gain to Breakeven25.8%32.4%
  Time to Breakeven1162 days427 days
2020 COVID-19 Crash
  % Loss-50.3%-33.7%
  % Gain to Breakeven101.1%50.9%
  Time to Breakeven351 days140 days
2008-2009 Global Financial Crisis
  % Loss-66.3%-53.4%
  % Gain to Breakeven196.9%114.4%
  Time to Breakeven1432 days1085 days

Compare to AUB, TOWN, WSBC, BHRB, BRBS

In The Past

Primis Financial's stock fell -27.6% during the 2025 US Tariff Shock. Such a loss loss requires a 38.0% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Primis Financial (FRST)

```html

Primis Financial Corp. (FRST) operates as a bank holding company for Primis Bank, offering a comprehensive range of financial services. The company primarily caters to individuals and small to medium-sized businesses, with its physical footprint centered in Virginia and Maryland, where it operates multiple full-service branches.

The bank's core product offerings include a variety of deposit accounts such as checking, savings, money market accounts, and certificates of deposit. On the lending side, Primis provides a broad spectrum of loan products. This encompasses commercial business and real estate loans, construction financing, and specialized lending solutions for professional practices in the medical, dental, and veterinary fields. For individual customers, the bank offers residential mortgages, home equity lines of credit, and various personal and consumer loans.

In addition to traditional banking services, Primis Financial also provides essential cash management solutions for businesses, including wire transfers, ACH origination, and remote deposit capture. The company further enhances its offerings with modern conveniences like debit cards, ATM services, and robust mobile and online banking platforms, ensuring a blend of accessible branch services and convenient digital banking options for its clientele.

```

AI Analysis | Feedback

Here are 1-2 brief analogies for Primis Financial:

  • Bank of America for Virginia and Maryland small businesses.

  • A local version of PNC Bank, serving individuals and small businesses in Virginia and Maryland.

AI Analysis | Feedback

```html
  • Deposit Accounts: Offers various account types including checking, NOW, savings, money market accounts, and certificates of deposits for managing personal and business funds.
  • Business and Commercial Loans: Provides financing solutions for commercial businesses, real estate, construction projects, secured assets, small business administration needs, and specialized medical, dental, and veterinary practices.
  • Mortgage Warehouse Lending: Provides short-term credit lines to mortgage originators to fund mortgage loans before they are sold to permanent investors.
  • Residential and Consumer Loans: Offers financing for homes through residential and trust mortgages, home equity lines of credit, secured and unsecured personal loans, consumer loans, life insurance premium financing, and demand loans.
  • Cash Management Services: Provides a suite of services for businesses, including investment/sweep, zero balance, and controlled disbursement accounts to optimize cash flow management.
  • Payment Processing and Transfer Services: Facilitates various payment operations such as wire transfers, ACH origination, employer/payroll processing, merchant services, and night depository.
  • Remote Deposit Capture: Enables businesses to electronically deposit checks from their location without visiting a physical branch.
  • Digital Banking and Access Services: Offers modern banking conveniences including debit cards, ATM services, mobile and online banking platforms for remote account management.
  • Notary Services: Provides official authentication of signatures on legal and important documents for customers.
```

AI Analysis | Feedback

Primis Financial (FRST) serves both individuals and small to medium-sized businesses. Its major customer categories include:

  • Individuals: This category includes customers seeking personal banking services such as checking, savings, money market accounts, certificates of deposit, residential mortgages, home equity lines of credit, secured and unsecured personal loans, consumer loans, and access to debit cards, ATMs, mobile, and online banking.
  • Small and Medium-Sized Businesses (SMBs): This category encompasses businesses in various sectors, including medical, dental, and veterinary practices, that utilize Primis Bank for commercial business and real estate loans, construction financing, secured asset-based lending, Small Business Administration (SBA) loans, and mortgage warehouse lending products. They also utilize cash management services like investment/sweep accounts, zero balance accounts, controlled disbursement, wire transfers, employer/payroll processing, ACH origination, and remote deposit capture.

AI Analysis | Feedback

null

AI Analysis | Feedback

Dennis J. Zember, Jr. President and Chief Executive Officer

Dennis J. Zember, Jr. was appointed CEO of Primis Financial in February 2020. Before joining Primis, he worked as a public accountant and then in the private sector for ten years. He previously served as CFO and then CEO of Ameris Bank, where he was instrumental in growing the bank's assets from $1 billion to nearly $17 billion. During his tenure at Ameris Bank, he spearheaded numerous acquisitions and strategic development initiatives, enhancing the company's ability to integrate acquired organizations and implement new ideas effectively.

Matthew A. Switzer Executive Vice President and Chief Financial Officer

Matthew A. Switzer holds a degree in Chemical Engineering from the University of Virginia and an MBA from UNC Chapel Hill. Prior to joining Primis Financial, he served as a Managing Director at Stephens, Inc. for six years, leading a banking team. He also held the position of Managing Director at Keefe, Bruyette & Woods, Inc. from 2005 to 2015. In his role as CFO, he is responsible for all financial and accounting functions at Primis Bank.

Rickey A. Fulk Executive Vice President and President of Primis Bank

Rickey A. Fulk serves as the Executive Vice President and President of Primis Bank. He is described as a seasoned veteran in the industry.

Marie T. Leibson Executive Vice President and Chief Credit Officer

Marie T. Leibson is the Executive Vice President and Chief Credit Officer for Primis Financial Corp. and Primis Bank.

Ann-Stanton C. Gore Executive Vice President and Chief Marketing Officer

Ann-Stanton C. Gore holds the position of Executive Vice President and Chief Marketing Officer for Primis Financial Corp. and Primis Bank.

AI Analysis | Feedback

The key risks to Primis Financial (FRST) include potential Nasdaq delisting, credit risks associated with commercial real estate and business loans, and intense competition impacting its net interest margin.

The most immediate and significant risk facing Primis Financial is the potential delisting of its securities from Nasdaq. This stems from delays in filing annual and quarterly financial reports, which were necessitated by a restatement of financial statements and an ongoing review process with the SEC. The company has appealed the delisting notice and requested a hearing, and it is actively working to file the overdue reports to regain compliance with Nasdaq’s listing requirements.

Another key risk is credit risk, particularly concerning its commercial real estate (CRE) and business loan portfolios. Some of these loans have been on nonaccrual status, indicating potential issues with repayment.

Primis Financial also faces intense competition within the financial services industry. The company competes with larger regional banks and non-bank fintech companies, which can put pressure on its deposit costs and net interest margin (NIM).

AI Analysis | Feedback

The increasing market penetration and sophistication of digital-native challenger banks (neobanks) and specialized online lending platforms pose a clear emerging threat. Neobanks, such as Chime or SoFi, offer compelling, mobile-first banking experiences often with lower fees and higher interest rates, attracting individual customers and small businesses who might otherwise rely on a traditional regional bank like Primis for deposits and basic financial services. Concurrently, specialized online lending platforms (e.g., Rocket Mortgage for residential loans, or various platforms for small business or professional practice financing) provide streamlined, often faster, and competitive alternatives to Primis's diverse loan portfolio, potentially siphoning off key lending opportunities across commercial, real estate, construction, and specialized business financing sectors.

AI Analysis | Feedback

Primis Financial Corp. (symbol: FRST) provides a range of financial services, primarily to individuals and small and medium-sized businesses in Virginia and Maryland. The addressable markets for its main products and services are as follows:

  • Deposits (Checking, NOW, Savings, Money Market Accounts, Certificates of Deposit):
    • In Virginia, the total deposits in all banks amounted to approximately $296 billion in 2024.
    • In Maryland, total deposits held at banks were around $195 billion in 2024.
  • Commercial Real Estate Loans:
    • The total commercial real estate lending volume in Virginia was approximately $19.2 billion in 2024.
    • For Maryland, a specific consolidated market size for commercial real estate loans is not readily available. However, the U.S. commercial real estate mortgage market for income-producing properties is roughly $4.5 trillion, with an additional $467 billion in construction loans nationally. Total commercial real estate mortgage borrowing and lending across the U.S. was estimated at $498 billion in 2024.
  • Small Business Loans (including Small Business Administration loans):
    • In Virginia, the market for small business loans was approximately $14 billion in 2024.
    • In Maryland, small business loans totaled about $10.2 billion in 2024.
  • Residential Mortgage Loans:
    • New home loans booked in Virginia amounted to $35.2 billion in 2024.
    • New home loans booked in Maryland were $23.2 billion in 2024.
  • Cash Management Services:
    • The demand for cash management services in the U.S. is projected to be $1.6 billion in 2025.
  • Other Loan Products (including Construction Loans, Secured Asset-Based Loans, Mortgage Warehouse Lending Products, Financing for Medical, Dental, and Veterinary Businesses, Residential Mortgage, Trust Mortgage, Home Equity Lines of Credit, Secured and Unsecured Personal Loans, Consumer Loans, Life Insurance Premium Financing, and Demand Loans):
    • Market sizes for these specific products in Virginia and Maryland are not available.

AI Analysis | Feedback

Primis Financial (symbol: FRST) anticipates several key drivers for its future revenue growth over the next 2-3 years:

  1. Growth in Mortgage Operations: The company projects significant expansion and profitability from its mortgage division. Primis Mortgage saw closed loans increase and expects annual production to reach approximately $1.6 billion to $2 billion in 2026, up from $1.2 billion in 2025. This growth is supported by increased production from new hires and improved profitability.
  2. Strategic Loan Growth, including Specialized Lending: Primis Financial aims for continued loan growth in its core banking activities and through specialized segments like Panacea Financial. Panacea Financial's loans grew 40% in the 12 months ending September 30, 2024, and its consolidated results are now included. The company also rebuilt earning assets with increased loan sizes in 2025.
  3. Net Interest Margin (NIM) Expansion: Primis Financial expects further improvement in its net interest margin. This is driven by effective management of interest expenses, particularly on deposits, and increasing yields on earning assets through new loan production and the repricing of existing loans. The core net interest margin for the Community Bank improved significantly, and management anticipates further margin expansion into 2026.
  4. Expansion of Digital Platforms and Profitable Deposit Relationships: The company is focused on leveraging its digital capabilities to drive deposit growth and foster profitable deposit relationships within the community bank. This strategy helps manage funding costs and supports overall earning asset growth.

AI Analysis | Feedback

Share Repurchases

  • Primis Financial Corp.'s board of directors approved a stock repurchase program on December 18, 2025, authorizing the repurchase of up to 750,000 shares of its common stock, with the program set to conclude on December 18, 2026.
  • Under a prior repurchase plan, the company acquired 79,549 shares at an average cost of $10.00 per share.
  • In 2025, the company's repurchases of common shares amounted to USD 403.5 thousand.

Share Issuance

  • In March 2026, executive officers received common shares through the conversion of performance-based restricted stock units (PSUs); for instance, CEO Dennis J. Zember Jr. converted 50,964 PSUs into common shares.

Capital Expenditures

  • Primis Financial's latest trailing twelve months (TTM) Capital Expenditure percentage was 2.4%.
  • Over the last five years, the company's median Capital Expenditure percentage was 1.15%.
  • The Capital Expenditure percentage for Primis Financial has fluctuated between a low of 0.23% and a high of 2.4% over the past five years.

Latest Trefis Analyses

Title
0ARTICLES

Recent Active Movers

Top Gainers

TickerCompanyCategory1W RtnYTD Rtn
EWYiShares MSCI South Korea ETFEquity10.2%125.5%
SOXXiShares Semiconductor ETFEquity8.9%112.5%
SOXQInvesco PHLX Semiconductor ETFEquity8.8%102.2%
SMHVanEck Semiconductor ETFEquity8.3%83.2%
URAGlobal X Uranium ETFEquity6.6%11.8%
ARKKARK Innovation ETFEquity6.3%4.3%
SPMOInvesco S&P 500 Momentum ETFEquity6.2%34.4%
MTUMiShares MSCI USA Momentum Factor ETFEquity6.1%35.4%
XBIState Street SPDR S&P Biotech ETFEquity6.0%15.4%
RINGiShares MSCI Global Gold Miners ETFEquity5.9%-3.1%

Top Losers

TickerCompanyCategory1W RtnYTD Rtn
NASATema Space Innovators ETFEquity-11.3%24.1%
USOUnited States Oil Fund LPCommodity-10.8%66.1%
XOPState Street SPDR S&P Oil & Gas Explo...Equity-6.2%21.5%
XLEState Street Energy Select Sector SPD...Equity-5.9%21.1%
FXNFirst Trust Energy AlphaDEX FundEquity-5.5%22.5%
KWEBKraneShares CSI China Internet ETFEquity-5.0%-25.9%
COMTiShares GSCI Commodity Dynamic Roll S...Commodity-4.7%26.0%
FXIiShares China Large-Cap ETFEquity-4.6%-13.0%
PDBCInvesco Optimum Yield Diversified Com...Commodity-4.3%24.5%
DBCInvesco DB Commodity Index Tracking FundCommodity-4.2%23.6%

Top Gainers

TickerCompanyCategory1M RtnYTD Rtn
SOXXiShares Semiconductor ETFEquity28.7%112.5%
SOXQInvesco PHLX Semiconductor ETFEquity26.7%102.2%
EWYiShares MSCI South Korea ETFEquity26.0%125.5%
SMHVanEck Semiconductor ETFEquity21.3%83.2%
MTUMiShares MSCI USA Momentum Factor ETFEquity15.7%35.4%
SPMOInvesco S&P 500 Momentum ETFEquity13.7%34.4%
VLUEiShares MSCI USA Value Factor ETFEquity12.1%46.8%
AGIXKraneShares Artificial Intelligence ETFEquity11.3%30.9%
XBIState Street SPDR S&P Biotech ETFEquity11.0%15.4%
XLKState Street Technology Select Sector...Equity10.5%33.1%

Top Losers

TickerCompanyCategory1M RtnYTD Rtn
USOUnited States Oil Fund LPCommodity-24.9%66.1%
ETHAiShares Ethereum Trust ETFCryptocurrency-19.1%-42.6%
IBITiShares Bitcoin Trust ETFCryptocurrency-18.1%-28.3%
FBTCFidelity Wise Origin Bitcoin FundCryptocurrency-18.0%-28.2%
COMTiShares GSCI Commodity Dynamic Roll S...Commodity-14.1%26.0%
XOPState Street SPDR S&P Oil & Gas Explo...Equity-14.1%21.5%
PPLTETFS Physical Platinum SharesCommodity-13.8%-17.6%
DBCInvesco DB Commodity Index Tracking FundCommodity-12.6%23.6%
NASATema Space Innovators ETFEquity-12.6%24.1%
PDBCInvesco Optimum Yield Diversified Com...Commodity-12.4%24.5%

More From Trefis

Research & Analysis

Invest in Strategies

Wealth Management

Peer Comparisons

Peers to compare with:

Financials

FRSTAUBTOWNWSBCBHRBBRBSMedian
NamePrimis F.Atlantic.Towne Ba.Wesbanco Burke & .Blue Rid. 
Mkt Price15.4539.1634.7136.2965.513.3535.50
Mkt Cap0.45.63.13.51.00.32.1
Rev LTM1521,5278881,03833989614
Op Inc LTM-------
FCF LTM-782,2841284158530106
FCF 3Y Avg59521572447418115
CFO LTM-782,3031804239732138
CFO 3Y Avg69632072558419145

Growth & Margins

FRSTAUBTOWNWSBCBHRBBRBSMedian
NamePrimis F.Atlantic.Towne Ba.Wesbanco Burke & .Blue Rid. 
Rev Chg LTM-10.6%78.0%25.4%59.9%8.4%3.2%16.9%
Rev Chg 3Y Avg4.4%33.1%8.7%22.8%63.7%-12.7%15.7%
Rev Chg Q-22.3%71.8%34.6%33.1%2.1%-12.7%17.6%
QoQ Delta Rev Chg LTM-7.9%11.1%7.7%6.5%0.5%-3.1%3.5%
Op Inc Chg LTM-------
Op Inc Chg 3Y Avg-------
Op Mgn LTM-------
Op Mgn 3Y Avg-------
QoQ Delta Op Mgn LTM-------
CFO/Rev LTM-51.2%150.8%20.3%40.8%28.6%36.3%32.4%
CFO/Rev 3Y Avg3.4%75.2%27.9%32.4%34.0%18.7%30.2%
FCF/Rev LTM-51.3%149.6%14.4%40.0%25.1%33.9%29.5%
FCF/Rev 3Y Avg3.0%74.2%21.3%30.7%28.3%17.5%24.8%

Valuation

FRSTAUBTOWNWSBCBHRBBRBSMedian
NamePrimis F.Atlantic.Towne Ba.Wesbanco Burke & .Blue Rid. 
Mkt Cap0.45.63.13.51.00.32.1
P/S2.53.63.53.42.93.33.3
P/Op Inc-------
P/EBIT-------
P/E8.316.119.610.98.424.713.5
P/CFO-4.92.417.48.210.29.28.7
Total Yield14.7%6.2%7.7%13.1%13.6%4.1%10.4%
Dividend Yield2.6%0.0%2.6%3.9%1.7%0.0%2.2%
FCF Yield 3Y Avg3.9%22.0%6.4%9.6%9.5%19.1%9.6%
D/E1.00.20.20.40.60.60.5
Net D/E0.10.1-0.40.1-0.30.00.0

Returns

FRSTAUBTOWNWSBCBHRBBRBSMedian
NamePrimis F.Atlantic.Towne Ba.Wesbanco Burke & .Blue Rid. 
1M Rtn7.8%4.3%0.2%6.2%4.4%2.1%4.3%
3M Rtn21.9%15.4%9.8%10.8%9.5%-1.0%10.3%
6M Rtn16.6%9.1%3.0%6.6%0.7%-12.3%4.8%
12M Rtn60.1%36.7%11.3%26.1%20.1%25.6%25.9%
3Y Rtn105.0%64.4%64.0%67.0%-6.4%-54.5%64.2%
1M Excs Rtn8.2%5.9%-0.2%7.8%3.8%1.1%4.8%
3M Excs Rtn8.8%2.2%-4.2%-3.0%-5.8%-15.0%-3.6%
6M Excs Rtn7.5%-1.3%-8.9%-3.4%-14.0%-24.9%-6.2%
12M Excs Rtn39.5%10.4%-13.2%1.3%-4.4%0.3%0.8%
3Y Excs Rtn31.1%-20.2%-19.7%-19.7%-81.7%-126.6%-20.0%

Comparison Analyses

null

Financials

$ Mil | FY: 12/312026Q12025Q42025Q32025Q22025Q12024Q42024Q32024Q22024Q12023Q42023Q32023Q2
Period End3/31/202612/31/20259/30/20256/30/20253/31/202512/31/20249/30/20246/30/20243/31/202412/31/20239/30/20236/30/2023
Filing Date5/8/20263/16/202611/10/20258/11/20255/14/20254/29/202512/11/202412/11/202410/25/202410/15/202411/9/20238/9/2023
Key Financials Quarterly            
Total Revenue463041365939373636353432
Net Income7307223-23132-8-6-2
EPS0.301.200.280.100.92-0.590.050.140.100.33-0.24-0.08
Key Financials TTM            
Total Revenue TTM152165174171170147143140137144147143
Net Income TTM4661934-16-1-8-14-8211
Growth Rates Quarterly            
Total Revenue Growth-22.3%-21.9%9.1%0.2%65.0%11.9%9.5%10.6%-17.2%-7.8%11.1%20.0%
Net Income Growth-67.7%226.6%456.2%-29.1%817.9%-185.6%120.4%272.3%-70.5%-489.5%-307.0%-143.2%
Margins Quarterly            
Net Income Margin16.0%97.6%16.8%6.8%38.6%-60.2%3.3%9.6%6.9%-23.6%-17.7%-6.2%
Cash & Debt            
Total Cash320303299336299243320299319306311324
Total Debt37519720712412412529020815315896107
Net Debt / (Cash)54-106-91-212-174-119-30-91-166-148-215-217
Cash Flows Quarterly            
FCF from Operations-5429-11-4134-38652-165-1-24
Cash Flows TTM            
FCF from Operations TTM-7811-56-3855201231164029-47-36
Returns to Shareholders Quarterly            
Dividends322222222222
Share Repurchases-0-0-0-0-0-0-00-00-0-0
Return on Invested Capital (ROIC) Quarterly            
ROIC8.0%57.3%13.2%11.5%61.9%-59.7%-1.3%3.1%2.6%-29.1%-26.7%-11.4%
Return on Invested Capital (ROIC) TTM            
ROIC TTM12.6%28.0%1.0%-6.5%-4.8%-14.1%-3.4%-7.1%-14.2%-7.0%3.6%16.2%

Segment Financials

Revenue by Segment
$ Mil20242023202220212020
Primis Bank124130114  
Primis Mortgage30206  
Other-6-7   
Single Segment   105100
Total147144120105100


Net Income by Segment
$ Mil202420232022
Primis Mortgage50-3
Other-8-7 
Primis Bank-13-117
Total-16-814


Assets by Segment
$ Mil202420232022
Primis Bank3,5803,7823,535
Primis Mortgage996631
Other118 
Total3,6903,8573,567


Price Behavior

Price Behavior
Market Price$15.45 
Market Cap ($ Bil)0.4 
First Trading Date12/29/2006 
Distance from 52W High-1.8% 
   50 Days200 Days
DMA Price$14.45$12.62
DMA Trendupup
Distance from DMA6.9%22.4%
 3M1YR
Volatility22.7%29.5%
Downside Capture53.1445.81
Upside Capture94.2387.77
Correlation (SPY)32.5%29.4%
FRST Betas & Captures as of 5/31/2026

 1M2M3M6M1Y3Y
Beta0.970.910.630.520.800.95
Up Beta1.130.910.630.851.270.97
Down Beta1.580.870.300.430.651.08
Up Capture37%73%74%64%81%79%
Bmk +ve Days13283667141432
Stock +ve Days12243667127368
Down Capture139%125%68%11%54%94%
Bmk -ve Days7132757109318
Stock -ve Days8162655119355

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return		Annualized
Volatility		Sharpe
Ratio		Correlation
with FRST
FRST65.2%29.7%1.69-
Sector ETF (XLF)8.3%14.6%0.3348.7%
Equity (SPY)26.5%12.4%1.6129.1%
Gold (GLD)24.2%27.5%0.77-6.4%
Commodities (DBC)19.8%18.8%0.83-20.2%
Real Estate (VNQ)11.0%13.7%0.5230.5%
Bitcoin (BTCUSD)-40.0%42.4%-1.0813.8%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return		Annualized
Volatility		Sharpe
Ratio		Correlation
with FRST
FRST3.6%31.1%0.15-
Sector ETF (XLF)9.3%18.6%0.3756.0%
Equity (SPY)13.5%17.1%0.6243.1%
Gold (GLD)17.1%18.3%0.76-1.9%
Commodities (DBC)7.5%19.4%0.296.5%
Real Estate (VNQ)1.9%18.9%0.0040.3%
Bitcoin (BTCUSD)11.0%54.2%0.4016.8%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return		Annualized
Volatility		Sharpe
Ratio		Correlation
with FRST
FRST5.5%34.6%0.25-
Sector ETF (XLF)13.0%22.2%0.5465.1%
Equity (SPY)15.3%18.0%0.7349.5%
Gold (GLD)12.3%16.1%0.63-4.2%
Commodities (DBC)5.9%18.0%0.2617.3%
Real Estate (VNQ)5.3%20.7%0.2249.0%
Bitcoin (BTCUSD)60.0%66.8%1.0013.8%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date5292026
Short Interest: Shares Quantity0.3 Mil
Short Interest: % Change Since 515202611.8%
Average Daily Volume0.2 Mil
Days-to-Cover Short Interest2.2 days
Basic Shares Quantity24.7 Mil
Short % of Basic Shares1.4%

Returns Analyses

Earnings Returns History

Updated 6/3/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
4/23/20263.0%5.3%3.7%
1/29/2026-0.7%4.2%-0.9%
10/23/202510.2%10.2%13.9%
7/24/20250.3%-4.3%-3.7%
4/29/2025-1.2%5.0%15.5%
1/28/2025-7.3%-4.1%-7.5%
10/24/2024-3.8%-4.8%7.9%
7/25/20242.3%-3.3%-4.8%
...
SUMMARY STATS   
# Positive141312
# Negative91011
Median Positive2.2%4.2%6.7%
Median Negative-2.4%-3.5%-2.5%
Max Positive10.2%22.4%28.3%
Max Negative-7.3%-16.9%-15.4%
 Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
4/23/20263.0%5.3%3.7%
1/29/2026-0.7%4.2%-0.9%
10/23/202510.2%10.2%13.9%
7/24/20250.3%-4.3%-3.7%
4/29/2025-1.2%5.0%15.5%
1/28/2025-7.3%-4.1%-7.5%
10/24/2024-3.8%-4.8%7.9%
7/25/20242.3%-3.3%-4.8%
4/25/2024-4.9%-3.6%1.0%
1/26/20244.1%1.3%-2.0%
10/26/20235.7%22.4%28.3%
4/28/20230.6%-16.9%-15.4%
1/26/2023-2.4%1.5%-1.4%
10/27/20221.7%-2.6%-2.2%
7/28/20221.7%3.3%0.7%
4/28/2022-1.0%-3.3%-2.5%
1/27/20222.3%-0.3%-3.0%
10/28/20213.5%6.8%5.6%
7/29/2021-0.1%2.3%-0.6%
4/29/20210.7%3.5%4.1%
1/28/20210.7%5.3%22.2%
10/26/20202.1%-3.5%13.7%
7/27/2020-2.6%0.1%4.7%
SUMMARY STATS   
# Positive141312
# Negative91011
Median Positive2.2%4.2%6.7%
Median Negative-2.4%-3.5%-2.5%
Max Positive10.2%22.4%28.3%
Max Negative-7.3%-16.9%-15.4%

SEC Filings

Expand for More
Report DateFiling DateFiling
03/31/202605/08/202610-Q
12/31/202503/16/202610-K
09/30/202511/10/202510-Q
06/30/202508/11/202510-Q
03/31/202505/14/202510-Q
12/31/202404/29/202510-K
09/30/202412/11/202410-Q
06/30/202412/11/202410-Q
03/31/202410/25/202410-Q
12/31/202310/15/202410-K
09/30/202311/09/202310-Q
06/30/202308/09/202310-Q
03/31/202305/10/202310-Q
12/31/202203/15/202310-K
09/30/202211/09/202210-Q
06/30/202208/09/202210-Q
 Collapse to Preview
Report DateFiling DateFiling
03/31/202605/08/202610-Q
12/31/202503/16/202610-K
09/30/202511/10/202510-Q
06/30/202508/11/202510-Q
03/31/202505/14/202510-Q
12/31/202404/29/202510-K
09/30/202412/11/202410-Q
06/30/202412/11/202410-Q
03/31/202410/25/202410-Q
12/31/202310/15/202410-K
09/30/202311/09/202310-Q
06/30/202308/09/202310-Q
03/31/202305/10/202310-Q
12/31/202203/15/202310-K
09/30/202211/09/202210-Q
06/30/202208/09/202210-Q
03/31/202205/10/202210-Q
12/31/202103/14/202210-K
09/30/202111/09/202110-Q
06/30/202108/09/202110-Q
03/31/202105/10/202110-Q
12/31/202003/16/202110-K
09/30/202011/09/202010-Q
06/30/202008/10/202010-Q
03/31/202005/08/202010-Q
12/31/201903/16/202010-K
09/30/201911/07/201910-Q
06/30/201908/08/201910-Q

Recent Forward Guidance

Updated 6/1/2026

Latest: Q1 2026 Earnings Reported 4/23/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
Q2 2026 SBA Gain on Sale Income0.50 Mil0.55 Mil0.60 Mil  Higher New
2026 Noninterest Income Improvement 1.20 Mil   Higher New
2026 Effective Tax Rate 21.8%   Same New

Prior: Q4 2025 Earnings Reported 1/29/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
2026 Core Operating Expense Burden23.00 Mil23.50 Mil24.00 Mil   

Insider Activity

Updated 6/11/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value		Value of
Held Shares		Form
1Garrett, F L Iii DirectBuy611202615.241552,362736,686Form
2Garrett, F L Iii DirectBuy609202615.032503,758724,206Form
3Garrett, F L Iii DirectBuy608202615.001251,875719,010Form
4Garrett, F L Iii DirectBuy608202614.741251,843704,944Form
5Garrett, F L Iii DirectBuy608202614.504506,525691,418Form
 Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value		Value of
Held Shares		Form
1Garrett, F L Iii DirectBuy611202615.241552,362736,686Form
2Garrett, F L Iii DirectBuy609202615.032503,758724,206Form
3Garrett, F L Iii DirectBuy608202615.001251,875719,010Form
4Garrett, F L Iii DirectBuy608202614.741251,843704,944Form
5Garrett, F L Iii DirectBuy608202614.504506,525691,418Form
6Garrett, F L Iii DirectBuy608202614.752503,688696,702Form
7Garrett, F L Iii DirectBuy608202614.303505,005671,871Form
8Gamble, Scott R DirectBuy604202614.591,71124,97045,241Form
9Sharma, AnuragEVP, Chief Information OfficerDirectBuy603202614.406949,9979,997Form
10Gamble, Scott R DirectBuy602202614.391,38919,98419,984Form
11Garrett, F L Iii DirectBuy601202614.402503,600671,530Form
12Garrett, F L Iii DirectBuy601202614.502503,625672,568Form
13Garrett, F L Iii DirectBuy601202614.512503,628669,404Form
14Garrett, F L Iii DirectBuy601202614.493545,129664,859Form
15Garrett, F L Iii DirectBuy601202614.392904,175655,404Form
16Clagett, Robert Yates DirectBuy520202614.001,42119,894751,310Form
17Clagett, Robert Yates DirectBuy519202614.161,41019,966739,775Form
18Biagas, John Fitzgerald DirectBuy313202612.801,92524,6401,176,883Form
19Biagas, John Fitzgerald DirectBuy312202612.751,55019,7681,148,075Form
20Diaz, Deborah DirectBuy312202612.771,05013,408269,713Form
21Cook, William Rand DirectBuy211202614.171,77025,081654,693Form
22Cook, William Rand DirectBuy206202614.261,41020,113633,825Form
23Switzer, Matthew AlanEVP, CFODirectBuy204202614.062,50035,1501,352,938Form
24Diaz, Deborah DirectBuy1212202512.341,60819,849247,773Form
25Clagett, Robert Yates DirectBuy1113202510.982,26824,898558,045Form
26Clagett, Robert Yates DirectBuy1112202510.841,83019,842526,572Form
27Johnson, Eric Alan DirectBuy1112202510.702,32024,827427,838Form
28Johnson, Eric Alan DirectBuy911202511.001,81819,998414,260Form
29Garrett, F L Iii DirectBuy807202511.072,26125,029500,807Form
30Garrett, F L Iii DirectBuy806202511.021,81019,946473,629Form

Industry Resources

External Quote Links


Prefer one of these to Trefis? Tell us why.
Core Cache Last Updated: 6/21/2026