Primis Q1 FY26 profit drops to $7 million; net interest margin widens to 3.43%

Primis Financial Corp.

Primis Financial Corp.

FRST

0.00
  • Primis Financial reported Q1 net income available to common shareholders of USD 7 million, or USD 0.30 per share, down from USD 23 million, or USD 0.92 per share a year earlier.
  • Net interest income rose to USD 32 million from USD 26 million, lifting net interest margin to 3.43% from 3.15%.
  • Noninterest income fell 58% to USD 14 million, reflecting a USD 25 million one-time gain tied to deconsolidation of PFH in the prior-year quarter.
  • Total assets climbed 5% to USD 4.3 billion, while loans held for investment increased 3% to USD 3.4 billion on growth in mortgage warehouse and Panacea commercial lending.
  • Primis Mortgage Company funded loan volume more than doubled to USD 367 million, while mortgage warehouse loan balances jumped 45% to USD 460 million and Panacea loan balances rose 10% to USD 600 million.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Primis Financial Corp. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-26-057998), on May 08, 2026, and is solely responsible for the information contained therein.

This page is machine-translated. Sahm tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation. *Disclaimer: The above content only represents the author's personal position and opinion and does not represent any position of Sahm Capital Financial Company and Sahm cannot confirm the authenticity, accuracy, and originality of the above content. Investors should consider the risks of investment products in light of their circumstances before making any investment decisions. When necessary, please consult a professional investment advisor. Sahm does not provide any investment advice, nor does it make any commitments and guarantees.