Primis Financial Corp. (FRST) AI Stock Analysis

Primis Financial Corp., based in McLean, Virginia, operates as the holding company for Primis Bank, delivering financial services to individuals and small to medium-sized businesses across the United States. The company offers deposit accounts including checking, NOW, savings, money market, and certificates of deposit. Its lending activities include commercial business loans, real estate loans, construction loans, secured asset-based loans, and small business administration loans. In addition, the bank provides mortgage warehouse lending and specialized financing for medical, dental, and veterinary professionals, alongside cash management services, wire transfers, merchant services, and digital banking platforms.

Primis Financial Corp. grew revenue at a 5-year CAGR of 18.9% between FY2020 and FY2025. Annual revenue expanded from $123.7M in FY2021 to $141.6M in FY2022, dipped to $135.6M in FY2023, and climbed to $254.1M in FY2024 and $312.6M in FY2025. Net income shifted from $31.1M in FY2021 to net income of -$16.2M in FY2024, before rising to $61.4M in FY2025 with an operating margin of 23.2%. Over the trailing twelve months, revenue was $213.7M with a profit margin of 24.9%. For the latest quarter ending June 30, 2026, quarterly revenue grew 44.2% year-over-year while quarterly earnings expanded 285.2%.

As of June 30, 2026, Primis Financial Corp. held $10.1M in cash and short-term investments against total debt of $448.1M, yielding net debt of $438.0M. Total assets stood at $4.35B and shareholders' equity was $433.8M, resulting in a debt-to-equity ratio of 1.03 and a current ratio of 0.08. In FY2025, operating cash flow was $10.8M and free cash flow was $9.0M. Capital expenditures used $1.7M, while share buybacks totaled $807,000 and dividends paid were $9.9M.

Primis Financial Corp. trades at a trailing P/E of 7.2x and a forward P/E of 7.2x, below the median of its US-listed Financial Services peers of 12.1x trailing and 10.8x forward. Its price-to-sales multiple is 1.8x compared to the peer median of 3.2x, and its price-to-book ratio is 0.9x. The stock closed at $15.47 on October 16, 2026, representing a 1-year return of 66.1% versus 16.8% for the S&P 500 (SPY). Over a 5-year period, the stock gained 22.2% compared to 83.0% for the index.

Primis Financial Corp. pays a quarterly dividend with a forward annual payout of $0.40, generating a dividend yield of 2.58%. The payout ratio stands at 42.5%, and the company has maintained 15 consecutive years of dividend payments. Its 5-year annualized dividend growth rate is 0.0%, with the last ex-dividend date recorded on August 7, 2026.

Primis Financial Corp. carries 3 Strong Buy ratings, 1 Buy rating, and zero Hold, Sell, or Strong Sell ratings. The mean price target of $18.94 implies a 22.4% premium over the last close of $15.47. For the fiscal year ending December 31, 2026, analysts estimate EPS of $1.38 on revenue of $137.0M. The company beat EPS estimates in 2 of the last 4 quarters, with the next earnings date scheduled for October 22, 2026.

This page is an AI-written research summary of Primis Financial Corp. (FRST). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

Related: FRST income statement, FRST balance sheet, FRST key metrics, FRST analyst forecast, FRST chart. See the FRST stock overview for the latest quote and news.