Earnings ·
Primis Financial Corp. reported net income available to common shareholders of $9.4 million, or $0.38 per diluted…
FRSTPrimis Financial Corp.
Primis Financial Corp. reported net income available to common shareholders of $9.4 million, or $0.38 per diluted share, for the second quarter ended June 30, 2026, compared to $2.4 million, or $0.10 per diluted share, for the same period in 2025. The company reported a return on average assets (ROAA) of 0.90% and a net interest margin of 3.45%. Key events included a $5.9 million pre-tax gain from the sale of Bearing Insurance and a $1.1 million settlement regarding a mortgage recruiting lawsuit. Management identified $6.1 million in expected annual earnings enhancements from a digital core conversion, to be incrementally implemented starting in Q4 2026. The company operates in the financial services industry and provides banking services through Primis Bank.