Primis Financial Corp. (FRST) Financial Statements
Industry: State Commercial Banks
In fiscal 2025, Primis Financial reported revenue of $223.8M, up 51.9% from $147.4M the year before. Net income was $61.4M (a 27.5% net margin), or $2.49 per diluted share. Net interest income was $111.4M, and the efficiency ratio (noninterest expense / revenue) was 62.1%. Operating activities generated $10.8M of cash, leaving $9.0M of free cash flow. At fiscal year end, Primis Financial held $4.05B in total assets against $3.62B in total liabilities, including $143.6M of cash and equivalents.
Open the full interactive Primis Financial financials → Quarterly statements, key ratios, valuation history and price charts.
Primis Financial Key Stats
| Share Price | $15.37 |
|---|---|
| Market Cap | $381.0M |
| P/E Ratio | 6.2 |
| Revenue YoY Growth | +51.9% |
| 52-Week Range | $9.31 – $16.67 |
| Shares Outstanding | 24.7 million (basic, 2026 Q2) |
Primis Financial Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Net Interest Income | $91.6M | $94.2M | $104.5M | $98.7M | $104.2M | $111.4M |
| Provision for Credit Losses | $19.4M | -$5.8M | $11.3M | $32.5M | $50.6M | $12.3M |
| Noninterest Income | $25.5M | $11.1M | $21.3M | $45.2M | $43.1M | $112.3M |
| Noninterest Expense | $67.7M | $71.4M | $92.3M | $122.6M | $125.6M | $138.9M |
| Revenue | $117.1M | $105.3M | $125.8M | $144.0M | $147.4M | $223.8M |
| Pre-Tax Income | $29.9M | $39.7M | $22.3M | -$11.2M | -$28.9M | $72.6M |
| Income Tax | $6.6M | $8.7M | $4.5M | -$1.1M | -$4.2M | $14.7M |
| Net Income | $23.3M | $31.2M | $17.7M | -$7.8M | -$16.2M | $61.4M |
| Diluted EPS | $0.96 | $1.27 | $0.72 | -$0.32 | -$0.66 | $2.49 |
Primis Financial Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $41.0M | $80.9M | $45.6M | $55.8M |
| Net Income | $6.8M | $29.5M | $7.3M | $9.4M |
| Diluted EPS | $0.28 | $1.20 | $0.30 | $0.38 |
Primis Financial Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $196.2M | $530.2M | $77.9M | $77.6M | $64.5M | $143.6M |
| Loans (Net) | $2.40B | $2.31B | $2.91B | $3.17B | $2.83B | $3.24B |
| Total Assets | $3.09B | $3.41B | $3.57B | $3.86B | $3.69B | $4.05B |
| Deposits | $2.43B | $2.76B | $2.72B | $3.27B | $3.17B | $3.40B |
| Total Long-Term Debt | $131.2M | $108.1M | $95.3M | $116.0M | $113.1M | $110.9M |
| Total Liabilities | $2.70B | $3.00B | $3.18B | $3.46B | $3.33B | $3.62B |
| Shareholders' Equity | $390.6M | $411.9M | $394.4M | $376.2M | $351.8M | $422.9M |
Primis Financial Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $29.7M | $27.7M | $13.1M | $28.8M | $19.5M | $10.8M |
| Cash From Investing | -$204.3M | — | — | — | $108.3M | -$158.2M |
| Cash From Financing | $338.9M | $296.2M | $152.1M | $283.6M | -$140.9M | $226.6M |
| Free Cash Flow | $28.6M | $25.2M | $12.1M | $26.9M | $18.3M | $9.0M |
Figures from Primis Financial's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Primis Financial financials page for every line item.
Primis Financial Company Profile
| Ticker | FRST |
|---|---|
| Exchange | Nasdaq |
| Industry | State Commercial Banks |
| Headquarters | Mclean, Virginia |
| Incorporated in | Virginia |
| Fiscal Year End | December 31 |
| SEC Filer Category | Accelerated filer |
| SEC CIK | 0001325670 |
Frequently Asked Questions
What was Primis Financial's revenue in fiscal 2025?
Primis Financial (FRST) reported revenue of $223.8M for fiscal 2025.
What is Primis Financial's annual revenue history?
Primis Financial's annual revenue by fiscal year: 2020: $117.1M; 2021: $105.3M; 2022: $125.8M; 2023: $144.0M; 2024: $147.4M; 2025: $223.8M.
What was Primis Financial's net income in fiscal 2025?
Primis Financial reported net income of $61.4M for fiscal 2025.
What was Primis Financial's earnings per share (EPS) in fiscal 2025?
Primis Financial's diluted EPS was $2.49 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Primis Financial generate in fiscal 2025?
Primis Financial generated $9.0M of free cash flow in fiscal 2025.
What was Primis Financial's revenue last quarter?
In its most recent reported quarter (2026 Q2), Primis Financial reported revenue of $55.8M.
How much debt does Primis Financial have?
Primis Financial reported $110.9M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Primis Financial are outstanding?
Primis Financial reported a weighted average of 24.7 million basic shares outstanding in 2026 Q2.
What is Primis Financial's market cap?
Based on its latest closing price, Primis Financial (FRST) has a market capitalization of about $381.0M.
When does Primis Financial's fiscal year end?
Primis Financial's fiscal year end, as registered with the SEC, is December 31.
Where is Primis Financial headquartered?
Primis Financial lists its business address in Mclean, Virginia in its SEC filings.