Overview

* Primis Financial ( FRST ) Q3 net income rises to $7 mln, showing substantial growth from 2024

* Company's net interest margin improves to 3.18% in Q3 2025 from 2.97% in Q3 2024

* Primis Financial ( FRST ) declares quarterly cash dividend of $0.10 per share

Outlook

* Primis expects further net interest margin improvement in Q4 2025 due to rate cuts

* Company anticipates profitability growth into 2026 driven by business momentum

* Primis plans to enhance V1BE service for licensing to other banks

Result Drivers

* NET INTEREST MARGIN - Improved net interest margin driven by favorable deposit pricing and rebuilding of earning asset levels

* OPERATING LEVERAGE - Revenue growth with minimal increase in operating expenses improved performance

* MORTGAGE WAREHOUSE GROWTH - Expansion of mortgage warehouse lending significantly increased loan balances and net interest income

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 EPS $0.28

Q3 Net $7 mln

Income

Q3 Net $29 mln

Interest

Income

Q3 $0.10

Dividend

Analyst Coverage

* The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the banks peer group is "buy."

* Wall Street's median 12-month price target for Primis Financial Corp ( FRST ) is $13.63, about 27.3% above its October 21 closing price of $9.90

* The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 9 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)