Primis Financial Corp. (FRST) Announces Earnings Per Share For The Third Quarter Of 2025

Primis Financial Corp. (FRST) today announced its earnings results for the most recent quarter, reporting earnings per share that met analysts’ expectations at $0.11. The company’s performance reflects a steady financial position, aligning with market forecasts. Investors will be keen to analyze the implications of these results on the company’s future growth trajectory.

Key Highlights:

• Primis Financial Corp. reported a net income of $7 million, or $0.28 per diluted share, for Q3 2025, a significant increase from $1 million, or $0.05 per diluted share, in Q3 2024.
• Year-to-date net income for the first nine months of 2025 reached $32 million, compared to $7 million for the same period in 2024.
• The company declared a quarterly cash dividend of $0.10 per share, marking its fifty-sixth consecutive quarterly dividend.
• The net interest margin improved to 3.18% in Q3 2025, up from 2.97% in Q3 2024, driven by a favorable deposit pricing environment and rebuilding of earning asset levels.
• Primis Mortgage closed $308 million in mortgage volume for Q3 2025, a 34% increase year-over-year.
• The Panacea Financial division saw loans outstanding grow by 40% year-over-year, reaching $548 million.

In the third quarter of 2025, Primis Financial Corp. demonstrated strong financial performance, with net income available to common shareholders increasing significantly compared to the previous year. CEO Dennis J. Zember, Jr. expressed excitement about the profitability improvements, stating, “We are excited to see the profitability improvement we have been driving towards finally bear fruit this quarter.” The company reported a run-rate pre-tax earnings estimate of $11 million, reflecting a robust return on assets of approximately 90 basis points. Management anticipates continued growth in profitability into 2026, supported by strong operating leverage and momentum across all business lines.

The operating results highlighted key growth drivers, including an improved net interest margin and significant increases in mortgage volume and loans from the Panacea Financial division. The core bank’s low concentration of investor commercial real estate and a strong pipeline of new customers are expected to further enhance profitability. The company also noted that its digital platform has been instrumental in funding national strategies, contributing to a stable deposit base and improved cost of funds. Overall, Primis Financial Corp. is well-positioned for future growth, with management optimistic about the trajectory of its business and financial performance.

Primis Financial Corp. (FRST) has experienced a rollercoaster of price changes recently, with a notable 1.15% increase over the past week, suggesting a potential short-term recovery. However, this uptick is overshadowed by a significant 9.51% decline over the past month and a staggering 19.10% drop over the last three months, indicating ongoing volatility and investor uncertainty. The company’s fundamentals paint a mixed picture; while it boasts a revenue growth rate of 21.64% over the past two years, its earnings per share have plummeted at an alarming rate of -85.01%. This sharp decline in EPS, coupled with a high price-to-earnings ratio of 46.07, raises concerns about the sustainability of its current valuation. Furthermore, Primis’s return on invested capital is negative, at -0.79%, and its net profit margin is a mere 1.06%, highlighting challenges in profitability. As the company navigates these turbulent waters, investors will be keenly watching for signs of stabilization and improvement in its financial metrics.

Primis Financial Corp. operates as the bank holding company for Primis Bank that provides a range of financial services to individuals and small and medium sized businesses in the United States. Its deposit products include checking, NOW, savings, and money market accounts, as well as certificates of deposits. The company also offers commercial business and real estate, construction, secured asset based, small business administration, mortgage warehouse lending products, as well as financing for medical, dental, and veterinary businesses; residential mortgage, trust mortgage, home equity lines of credit, secured and unsecured personal, and consumer loans, as well as life insurance premium financing and demand loans. It also offers cash management services comprising investment/sweep, zero balance, and controlled disbursement accounts; and wire transfer, employer/payroll processing, night depository, depository transfer, merchant, ACH origination, and remote deposit capture services. In addition, the company provides debit cards, ATM services, notary services, and mobile and online banking. As of December 31, 2021, it operated forty full-service branches in Virginia and Maryland. The company was formerly known as Southern National Bancorp of Virginia, Inc. and changed its name to Primis Financial Corp. Primis Financial Corp. was founded in 2004 and is based in McLean, Virginia.