Primis Financial Corp. Reports Strong Results for the Third Quarter of 2026
Primis Financial reported Q3 2026 net income available to common shareholders of $8.7 million, or $0.35 per diluted share, up from $6.8 million, or $0.28, in Q3 2025. Net interest income rose 25% to $36.3 million with net interest margin expanding to 3.66% from 3.18% a year ago, and operating net income grew 27% year-over-year. Core operating earnings for the first nine months were up 211% to $0.90 per diluted share when excluding prior-year investment gains. Mortgage headwinds cut the retail pipeline 37% and reduced revenue by $2.3 million versus Q2, while nonperforming assets improved to 1.43% of total assets from 2.07% a year ago.
Key figures
- Eps
- 0.35
- Revenue
- 0
- Revenue Yoy
- 0
- Roaa
- 0.80%
- Tce to ta
- 8.14%
- Core margin
- 3.59%
- Total assets
- $4.3 billion
- Panacea loans
- $642 million
- Total deposits
- $3.5 billion
- Gross loans hfi
- $3.5 billion
- Eps prior year q3
- $0.28
- Dividend per share
- $0.10
- Net interest income
- $36.3 million
- Net interest margin
- 3.66%
- Core bank loan growth
- 11% annualized
- Mortgage closed volume
- $347 million
- Npas ex sba pct assets
- 1.43%
- Net interest income yoy
- up 25%
- Operating net income yoy
- up 27%
- Provision for credit losses
- $1.1 million
- Pre tax pre provision income
- $12.0 million
- Tangible book value per share
- $13.81
- Net income available to common
- $8.7 million
AI analysis
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