FRST Stock - Primis Financial Corp.
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $254.11M | $237.87M | $141.64M | $123.71M | $131.40M |
| Gross Profit | $96.74M | $111.42M | $108.78M | $110.47M | $85.81M |
| Gross Margin | 38.1% | 46.8% | 76.8% | 89.3% | 65.3% |
| Operating Income | $-28,903,000 | $-11,179,000 | $17.33M | $39.57M | $18.72M |
| Net Income | $-16,205,000 | $-7,832,000 | $14.15M | $31.11M | $22.98M |
| Net Margin | -6.4% | -3.3% | 10.0% | 25.2% | 17.5% |
| EPS | $-0.66 | $-0.32 | $0.58 | $1.28 | $0.96 |
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.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| April 4th 2023 | Stephens | Initiation | Overweight | $13 |
| February 1st 2023 | Piper Sandler | Upgrade | Overweight | $14← $13 |
| December 5th 2022 | Piper Sandler | Initiation | Neutral | $13 |
Earnings History & Surprises
FRSTEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | Apr 27, 2026 | — | — | — | — |
Q1 2026 | Jan 27, 2026 | $0.29 | — | — | — |
Q4 2025 | Oct 23, 2025 | $0.32 | $0.28 | -12.5% | ✗ MISS |
Q3 2025 | Jul 24, 2025 | $0.24 | $0.11 | -54.2% | ✗ MISS |
Q2 2025 | Apr 29, 2025 | $0.25 | $0.14 | -44.0% | ✗ MISS |
Q2 2025 | Apr 22, 2025 | — | $-0.94 | — | — |
Q1 2025 | Jan 28, 2025 | $0.11 | $-0.65 | -690.9% | ✗ MISS |
Q4 2024 | Dec 11, 2024 | — | $0.14 | — | — |
Q4 2024 | Oct 25, 2024 | $0.43 | $0.08 | -81.4% | ✗ MISS |
Q4 2024 | Oct 15, 2024 | — | $-0.41 | — | — |
Q4 2023 | Oct 26, 2023 | $0.18 | $0.32 | +77.8% | ✓ BEAT |
Q3 2023 | Jul 27, 2023 | $0.25 | $0.04 | -84.0% | ✗ MISS |
Q2 2023 | Apr 27, 2023 | $0.29 | $0.23 | -20.7% | ✗ MISS |
Q1 2023 | Mar 15, 2023 | — | $0.13 | — | — |
Q1 2023 | Jan 26, 2023 | — | $5.31 | — | — |
Q4 2022 | Oct 27, 2022 | $0.27 | $0.21 | -22.2% | ✗ MISS |
Q3 2022 | Jul 28, 2022 | $0.21 | $0.24 | +14.3% | ✓ BEAT |
Q2 2022 | Apr 28, 2022 | $0.23 | $0.19 | -17.4% | ✗ MISS |
Q1 2022 | Mar 14, 2022 | — | $0.31 | — | — |
Q4 2021 | Oct 28, 2021 | $0.25 | $0.25 | 0.0% | = MET |
Latest News
Primis Financial Approves A Stock Repurchase Program For Up To 750,000 Of The Outstanding Shares Of The Company's Common Stock
📈 PositivePrimis Bank Completes $58M Sale-Leaseback Of 18 Branches, Boosting Tangible Book Value 13.2% And Recurring Earnings 15%
📈 PositivePrimis Finl Q3 EPS $0.28 Beats $0.22 Estimate, Sales $41.001M Beat $27.961M Estimate
📈 PositiveFrequently Asked Questions about FRST
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