Primis Financial Corp. Reports Strong Results for the Third Quarter of 2026
Key Highlights
- ➤Q3 net income $8.7M, or $0.35 per diluted share, up 27% year-over-year
- ➤Nine-month operating net income $22.3M, or $0.90 per share, up 211%
- ➤Net interest income $36.3M, up 25%; net interest margin reached 3.66%
- ➤Core Bank loans grew 11% annualized; pipeline totaled $160M at September 30
- ➤Board declared $0.10 quarterly dividend payable November 20, 2026
Expert Statements
Dennis J. Zember, Jr., President and Chief Executive Officer of Primis Financial Corp.
“The progress we have made over the past year is substantial. A core margin of 3.59% with expansion of 14 basis points linked-quarter is a testament to the value of our Core Bank franchise which continues to drive slow and steady growth at attractive margins. Our core earnings engine delivered a solid quarter in the face of unprecedented headwinds that reduced our retail mortgage pipeline 37% and reduced revenue by $2.3 million versus the second quarter. In a steady environment for retail mortgage, we would have been at our 1.00% ROAA target this quarter as expected. We are already making changes to close the gap during this period of lower volumes while preserving our ability to benefit when volumes eventually recover.”
Primis Financial Corp. Reports Strong Results for the Third Quarter of 2026 PR Newswire
MCLEAN, Va., Oct. 22, 2026 /PRNewswire/ -- Primis Financial Corp. (NASDAQ: FRST) ("Primis" or the "Company"), and its wholly-owned subsidiary, Primis Bank (the "Bank"), today reported net income available to common shareholders of $8.7 million, or $0.35 per diluted share, for the three months ended September 30, 2026, compared to net income available to common shareholders of $6.8 million, or $0.28 per diluted share, for the three months ended September 30, 2025. For the nine months ended September 30, 2026, the Company reported net income available to common shareholders of $25.4 million, or $1.03 per diluted share, compared to net income available to common shareholders of $31.9 million, or $1.29 per diluted share, for the nine months ended September 30, 2025.
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