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Primis Financial Corp. FRST R2K

Financial Services · Banks - Regional · United States
https://www.primisbank.com

Primis Financial Corp. operates as the bank holding company for Primis Bank that provides various financial services to individuals, and small and medium sized businesses in the United States. The company offers deposit products, including checking, NOW, savings, and money market accounts, as well as certificates of deposits; and commercial deposit products comprising investment/sweep accounts, wire transfer services, employer services/payroll processing services, zero balance accounts, night depository services, depository transfers, merchant services, ACH originations, business debit cards, controlled disbursement accounts, and remote deposit capture services. It also provides commercial lending products, such as loans consist of lines of credit, revolving credit facilities, demand loans, term loans, equipment loans, SBA loans, stand-by letters of credit, and unsecured loans; loans for permanent financing; construction loans for commercial, multi-family, assisted living and other non-residential properties, and builder/developer lines; second asset based lending; SBA lending; financing for medical, dental, and veterinary businesses; and warehouse lending lines of credit to residential mortgage originators. In addition, the company provides consumer lending products comprising residential mortgage, home equity lines of credit, secured and unsecured personal loans, life insurance premium financing, and Panacea consumer loans. Further, it offers debit cards, ATM services, notary services, and mobile and online banking. The company was formerly known as Southern National Bancorp of Virginia, Inc. and changed its name to Primis Financial Corp. Primis Financial Corp. was founded in 2004 and is headquartered in McLean, Virginia.

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$14.43
+57.41% 1Y

Market & Price

Market Cap
$357.46M
Current Price
$14.43
High / Low (52W)
$14.74 / $8.99
Beta
0.76

Valuation

Stock P/E
7.72
Industry PE
12.01
Forward P/E
7.53
PEG Ratio
-
Book Value
$17.25
Price to Book
0.84
P/S
1.80
EV/EBITDA
-
Dividend Yield
2.77%

Profitability & Returns

ROCE
-
ROE
11.49%
ROA
1.16%
Profit Margin
23.25%
Op Margin
25.10%
EPS (Latest Qtr)
$0.33
EPS (TTM)
$1.87

Balance Sheet & Liquidity

Debt/Equity
-
Quick Ratio
-
Current Ratio
-
Debt
$378.26M
Total Assets
$4.05B
Current Assets
-
Working Capital
-

Ownership

Promoter Holding
3.91%
Chg in Prom Hold
-
FII / Inst Holding
86.36%
Chg in FII Hold
-

Financial Snapshot

Enterprise Value
$575.81M
Total Revenue (TTM)
$198.38M
EBITDA
-
Free Cash Flow
-
Operating Cash Flow
$-77.99M
Shares Outstanding
24.77M
Gross Margin
0.00%
Payout Ratio
21.39%

Growth (CAGR)

Revenue 5Y
5.47%
Profit 5Y
63.15%
Revenue (YoY)
-22.70%
Earnings (YoY)
-67.60%

PROS

  • Excellent profit margin of 23.2%.
  • Profit CAGR of 63.2% over 5 years.
  • Attractive dividend yield of 2.77%.
  • In a confirmed uptrend (50-DMA above 200-DMA).

CONS

No notable concerns flagged.

* The pros and cons are auto-generated from financial metrics.

Price Chart

Robinhood TradingView StockAnalysis

Fundamental Growth

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Financial Services).

#NameCMP $P/E Mkt CapDiv Yld % ROCE %ROE % Rev CAGR 5Y %Profit CAGR 5Y %
1 FRST Primis Financial Corp. R2K 14.43 7.72 $357.46M 2.77% - 11.49% 5.47% 63.15%
2 JPM JPMorgan Chase & Co. SPX 299.31 14.33 $802.00B 2.00% - 16.47% 12.50% 14.83%
3 V Visa Inc. SPX 326.36 28.48 $620.65B 0.82% 38.38% 60.35% 10.92% 10.28%
4 MA Mastercard Incorporated SPX 493.98 28.57 $436.47B 0.70% 61.47% - 13.82% 14.66%
5 MS Morgan Stanley SPX 208.00 18.84 $328.08B 1.92% - 16.39% 9.52% 15.20%
6 GS The Goldman Sachs Group, Inc. SPX 1,025.56 18.73 $302.55B 1.76% - 14.55% 7.16% 15.11%
7 WFC Wells Fargo & Company SPX 77.54 11.98 $237.29B 2.32% - 12.03% 4.02% 15.98%
8 BLK BlackRock, Inc. SPX 1,046.88 26.32 $162.51B 2.19% 4.89% 11.90% 10.65% 2.36%
9 SCHW The Charles Schwab Corporation SPX 87.35 17.37 $151.91B 1.47% - 19.08% 4.83% 7.21%
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Quarterly Results

Figures in USD.

Metric Sep 2015Dec 2015Mar 2016Jun 2016Sep 2016Dec 2016Mar 2017Jun 2017Sep 2017Dec 2017Mar 2018Jun 2018Sep 2018Dec 2018Mar 2019Jun 2019Sep 2019Dec 2019Mar 2020Jun 2020Sep 2020Dec 2020Mar 2021Jun 2021Sep 2021Mar 2022Jun 2022Sep 2022Mar 2023Jun 2023Sep 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Revenue -----------------------------------58.70M35.76M40.71M30.27M45.63M
Cost of Revenue ----------------------------------------
Gross Profit ----------------------------------------
Operating Expenses ----------------------------------------
Operating Income ----------------------------------------
EBITDA ----------------------------------------
Interest Expense -----------------------------------21.36M22.45M22.73M22.47M21.45M
Pretax Income -----------------------------------24.59M2.96M8.74M36.27M10.33M
Tax Provision -----------------------------------5.55M528.00K1.91M6.72M3.01M
Net Income 2.48M2.34M2.05M2.79M2.77M2.19M2.05M-2.84M4.37M-1.16M8.26M8.87M8.86M7.70M6.02M9.32M8.86M8.96M27.00K4.71M9.59M8.96M9.38M10.28M3.94M4.59M4.95M5.03M8.36M-1.99M-6.03M2.47M3.44M--22.64M2.44M6.83M29.54M7.31M
Diluted EPS 0.200.190.160.230.220.180.16-0.210.18-0.050.340.370.360.320.250.380.360.370.000.190.390.370.380.42--0.200.200.34-0.08-0.240.100.14--0.110.340.281.200.33

Profit & Loss (Annual)

Figures in USD.

Metric Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Revenue -------------120.05M143.96M147.36M140.86M
Cost of Revenue -----------------
Gross Profit -----------------
Operating Expenses -----------------
Operating Income -----------------
EBITDA -----------------
Interest Expense -------------21.59M93.91M106.75M89.01M
Pretax Income -------------17.33M-11.18M-28.90M72.55M
Tax Provision -------------3.19M-1.07M-4.24M14.71M
Net Income -4.68M4.05M4.40M6.57M6.26M7.48M9.29M10.31M2.42M33.69M33.17M23.29M-14.15M-7.83M-16.20M61.44M
Diluted EPS -0.350.380.570.540.630.750.830.131.391.360.96-0.720.40-0.312.49

Compounded Sales Growth

5 Years:5.47%
1 Year:-22.70%

Compounded Profit Growth

5 Years:63.15%
1 Year:-67.60%

Stock Price Performance

1 Year:+57.41%
6 Months:+31.25%
3 Months:+9.99%
1 Month:-0.41%

Balance Sheet (Annual)

Figures in USD.

Metric Dec 2008Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Total Assets --586.65M611.37M723.81M716.18M916.64M1.04B1.14B2.61B2.70B2.72B3.09B-3.57B3.86B3.69B4.05B
Current Assets ------------------
Cash & Equivalents 14.76M8.07M9.74M5.04M39.20M20.86M38.32M30.34M47.39M25.46M28.61M31.93M196.19M-77.86M77.55M64.50M143.61M
Inventory ------------------
Receivables -------------11.88M----
Total Liabilities --492.32M512.32M620.64M609.57M802.67M916.47M1.02B2.29B2.35B2.34B2.70B-3.18B3.46B3.33B3.62B
Current Liabilities ------------------
Long Term Debt --------------420.31M145.99M113.07M135.94M
Total Debt --------------426.08M157.67M124.64M197.28M
Total Equity 68.78M90.09M94.33M99.05M103.18M106.61M113.98M119.64M126.34M322.77M348.29M377.24M390.55M-388.97M376.16M351.76M422.90M
Shares Outstanding --------------24.68M24.69M24.72M24.77M

Cash Flows (Annual)

Figures in USD.

Metric Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Operating Cash Flow ------12.22M18.02M24.59M41.44M36.76M29.66M-12.43M28.82M19.53M10.77M
Investing Cash Flow -------127.04M-95.59M-62.01M-93.70M-5.02M-204.27M--616.86M-312.76M108.30M-158.22M
Financing Cash Flow ------106.83M94.62M15.49M55.40M-28.43M338.87M-152.11M283.63M-140.88M226.55M
Capital Expenditure -100.00K-1.97M-522.00K-793.00K-437.00K-897.00K-307.00K-143.00K-1.43M-1.97M-1.10M-1.08M--1.01M-1.92M-1.19M-1.73M
Free Cash Flow ------11.91M17.88M23.16M39.47M35.66M28.58M-11.42M26.89M18.34M9.03M
Net Change in Cash --------------452.31M-306.00K-13.05M79.10M
Share Buybacks ------721.00K---------807.00K

Ratios (Annual)

Figures in %.

Metric Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Gross Margin % -----------------
Operating Margin % -----------------
Net Margin % -------------11.8%-5.4%-11.0%43.6%
ROE % -5.2%4.3%4.4%6.4%5.9%6.6%7.8%8.2%0.8%9.7%8.8%6.0%-3.6%-2.1%-4.6%14.5%
ROCE % -----------------

Shareholding Pattern

Insiders
3.91%
Institutions
86.36%
Public Float
89.88%

Top Institutional Holders

#Holder% HeldSharesValue
1 Blackrock Inc. 8.23% 2.04M $29.42M
2 Mendon Capital Advisors Corp 4.94% 1.22M $17.67M
3 Patriot Financial Partners Gp II, L.P. 4.91% 1.22M $17.57M
4 Alliancebernstein L.P. 4.82% 1.19M $17.21M
5 Dimensional Fund Advisors LP 4.79% 1.19M $17.11M
6 North Reef Capital Management LP 4.58% 1.14M $16.38M
7 Curi Capital LLC 4.05% 1.00M $14.49M
8 Vanguard Capital Management LLC 3.99% 987.79K $14.25M
9 Maltese Capital Management, LLC 3.81% 945.00K $13.64M
10 BANC FUNDS CO LLC 3.52% 872.96K $12.60M

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