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Primis Financial Corp.

FRST Financial Banks Regional

Primis Financial Corp.’s revenue for fiscal 2025 (year ended December 2025) was $312.8 million, up 23.1% from fiscal 2024.

Revenue
+19.3%
EPS
+285.0%
Free cash flow
+85.4%
Total debt
−27.8%

Quarter to June 2026, against a year earlier

14.44 0.12 −0.82%
Market cap
$363.6M
P/E
6.8×
Fwd P/E
12.8×
Dividend yield
0.00%
F-score
8/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Bought, $m 0.36
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy 1 — 3 3 — 3 7 — 2 3 — —
Sell — — — — — — — — — — — —
Insider Ownership 16.55%

Capital & Financial Ratios $m

Size
Market Cap 363.55
Revenue ttm 312.51
Net income ttm 53.11
Free cash flow ttm (41.89)
Net debt Q (107.47)
Valuation
P/E 6.79
Forward P/E 12.80
Price / sales 1.16
Forward P/S Powerpack
Price / FCF 0.00
Price / book 0.84
Financial health
Current ratio Q 1.02
Debt / equity Q 0.16
Interest coverage Q —
Growth
Revenue growth Q +19.34% (above 0%: growing)
Operating income growth Q +309.11% (above 0%: growing)
EPS, this year +223.72% (at or above 15%: strong)
EPS, next year A +34.65% (at or above 15%: strong)
Revenue, next year A −24.91% (below 0%: weak)
EPS, past 5 yrs +21.00% (at or above 15%: strong)
EPS, next 5 yrs A +72.81% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

P/E against its own 10 years 2.81%
10-year low 10-year high
P/S against its own 10 years 19.73%
10-year low 10-year high
P/B against its own 10 years 48.22%
10-year low 10-year high

Dividends

Yield
0.00%
Annual rate
0.00
Payout ratio
0.00%
Growth, 2016–24
−5.71%/yr
  1. 0.32 ’16
  2. 0.32 ’17 +0
  3. 0.32 ’18 +0
  4. 0.36 ’19 +13
  5. 0.40 ’20 +11
  6. 0.40 ’21 +0
  7. 0.40 ’22 +0
  8. 0.40 ’23 +0
  9. 0.20 ’24 −50
paid change on the year, %

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 78 65 144 177
Receivables — — — —
Inventory — — — —
Other — — — —
3,302 3,145 3,547 3,847
2023 2024 2025 Q'26
Payables 3,270 3,171 3,396 3,446
ST’ Debt — — — —
Other — — — —
3,294 3,192 3,439 3,764

Compound Annual Growth %

10y 5y 3y
Sales 20.75% 18.77% 30.22%
Cash Flow (1.26%) (17.86%) (4.68%)
Earnings 20.80% 21.74% 63.15%
Book Value 13.46% 1.60% 2.83%

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 0.45 Actual 0.35

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 0.34 0.10 Miss by 0.24
Q1 FY26 0.32 0.33 Beat by 0.01
Q2 FY26 0.41 0.23 Miss by 0.18
Q3 FY26 0.45 0.35 Miss by 0.10
Q4 FY26 0.39 — Reports 4 February 2027

EPS $

Mar Jun Sep Dec Year
’26 0.30 0.38 — — —
’25 0.92 0.10 0.28 1.20 2.49
’24 0.10 0.14 0.05 (0.94) (0.66)
’23 0.34 (0.08) (0.24) (0.33) (0.32)
’22 0.19 0.20 0.12 0.09 0.57
’21 0.38 0.42 0.16 0.31 1.27
’20 0.00 0.19 0.39 0.37 0.96
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 67 78 — — —
’25 80 66 64 103 313
’24 61 63 66 64 254
’23 62 59 58 59 238
’22 29 31 36 47 142
’21 33 29 30 32 124
’20 31 37 31 33 132
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 (54) (6) — — —
’25 34 (41) (11) 29 11
’24 (1) 52 6 (38) 20
’23 (12) (24) (1) 65 29
’22 3 9 11 (11) 12
’21 9 5 9 5 28
’20 10 1 (1) 19 29
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (55) (6) — — —
’25 35 (41) (11) 29 11
’24 (1) 54 9 (35) 22
’23 (12) (25) (1) 65 27
’22 3 9 11 (10) 13
’21 9 3 10 5 27
’20 10 35 (34) 20 30
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Jun ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 52 89 129 132 132 124 142 238 254 313 313 +22.1% — — — —
Gross margin, % 83.32 82.41 78.44 72.01 80.25 84.68 84.76 60.52 57.99 71.54 71.45 (11.8) pt
EBT 15 16 43 38 19 40 17 (11) (29) 73 67 +18.8%
EBT margin, % 29.76 17.50 33.54 28.85 14.14 31.84 12.24 (4.70) (11.37) 23.20 21.59 (6.6) pt
Net income 10 2 34 32 15 31 14 (10) (25) 58 53 +21.1%
Per share, $
Per share, $ Revenue 4.23 4.84 5.38 5.49 5.46 5.09 5.77 9.65 10.29 12.68 12.64 +13.0%
Earnings 0.84 0.13 1.40 1.38 0.96 1.28 0.58 (0.32) (0.66) 2.49 2.16 +12.8%
Cash flow 1.47 1.34 1.73 1.54 1.19 1.13 0.51 1.17 0.79 0.44 (1.73) (12.6%)
Capex 0.13 (0.01) 0.10 (0.04) 0.07 (0.02) 0.00 (0.08) 0.11 0.02 0.03 (17.7%)
Free cash flow 1.61 1.32 1.82 1.50 1.25 1.11 0.51 1.09 0.90 0.46 (1.69) (13.0%)
Book value 10.31 17.55 14.50 15.69 16.11 16.78 15.84 16.14 14.78 17.14 17.54 +5.8%
Shares, m 12 18 24 24 24 24 25 25 25 25 25 +8.1%
Valuation, ×
Valuation, × P/E 19.20 178.33 9.44 11.85 12.60 11.75 19.85 0.00 0.00 5.57 6.79 26.9
P/S 3.86 3.32 2.46 2.98 2.22 2.96 2.04 1.31 1.13 1.10 1.16 2.3
P/B 1.58 0.91 0.91 1.04 0.75 0.90 0.74 0.79 0.79 0.81 0.84 0.9
EV/Sales 3.14 3.67 2.68 4.09 2.36 0.26 4.46 1.52 1.26 0.95 — 2.4
EV/FCF 8.26 13.42 7.90 14.94 10.30 1.19 50.49 13.40 11.69 16.30 — 14.8
Cash, $m
Cash, $m Operating cash flow 18 25 41 37 29 28 12 29 20 11 (43) (5.6%)
Capex 2 0 2 (1) 2 0 0 (2) 3 1 1 (11.1%)
Free cash flow 20 24 44 36 30 27 13 27 22 11 (42) (5.9%)
Balance, $m
Balance, $m Working capital (39) (138) (85) 78 172 66 289 9 (47) 109 83 n/m
Net debt (47) 31 28 146 19 (335) 342 48 31 (47) (107) 0.0%
Shareholders’ equity 126 323 348 377 391 410 389 398 365 423 434 +14.4%
Returns, %
Returns, % ROA 0.95 0.13 1.27 1.22 0.79 0.96 0.41 (0.21) (0.43) 1.59 1.29 +0.6 pt
ROIC 12.54 4.41 7.19 4.54 2.86 33.02 1.48 (1.57) (4.56) 12.08 13.03 (0.5) pt
ROE 8.38 1.08 10.04 9.14 5.99 7.77 3.54 (1.99) (4.25) 15.60 13.11 +7.2 pt
People
People Employees 162 393 348 350 382 418 565 528 592 593 — +15.5%
Revenue/emp, $m 0.32 0.23 0.37 0.38 0.35 0.30 0.25 0.45 0.43 0.53 — +5.7%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026 · fundamentals updated 26 Oct 2026

Primis Financial Corp. vs peers in Banks Regional (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
ISTR Investar Holding Corporation $383.0M 9.8× 9.7× +40.64% (above 0%: growing) +42.11% (above 0%: growing) +36.91% (above 0%: growing) 65.30% 0.00% Compare
AVBH Avidbank Holdings Inc. $375.0M — (loss-making) 10.1× +15.59% (above 0%: growing) −6.49% (below 0%: shrinking) +148.71% (above 0%: growing) 69.18% 0.00% Compare
TSBK Timberland Bancorp, Inc. $371.8M 11.9× — +4.36% (above 0%: growing) +10.00% (above 0%: growing) −24.92% (below 0%: shrinking) 73.48% 0.00% Compare
USCB USCB Financial Holdings, Inc. $366.3M 12.9× 10.0× +9.15% (above 0%: growing) +19.51% (above 0%: growing) +34.55% (above 0%: growing) 64.78% 0.00% Compare
FRST Primis Financial Corp. $363.6M 6.8× 12.8× +19.34% (above 0%: growing) +285.01% (above 0%: growing) +85.35% (above 0%: growing) 71.20% 0.00%
WSBF Waterstone Financial, Inc. $360.6M 11.5× 11.0× +1.53% (above 0%: growing) +13.95% (above 0%: growing) +124.33% (above 0%: growing) 74.78% 0.00% Compare
BRBS Blue Ridge Bankshares, Inc. $357.9M — (loss-making) — −19.39% (below 0%: shrinking) n/m −29.11% (below 0%: shrinking) 59.82% 0.00% Compare
CFFI C&F Financial Corporation $352.3M 11.7× 11.5× +4.17% (above 0%: growing) +16.97% (above 0%: growing) +15.92% (above 0%: growing) 77.02% 0.00% Compare
ISBA Isabella Bank Corporation $345.0M 13.9× 12.2× +9.91% (above 0%: growing) +21.83% (above 0%: growing) +399.09% (above 0%: growing) 74.62% 0.00% Compare
Median of peers $363.5M 11.8× 10.6× +6.76% +16.97% +35.73% 71.33% 0.00%

All 327 Banks Regional stocks →

Pay and ownership Proxy statement filed 10 April 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 2.19m 2.04m 136.00
2024 788.44k 1.27m 110.00
2023 1.20m 1.35m 116.00
2022 1.43m 1.24m 104.00
2021 1.62m 1.77m 128.00

Ownership

Directors and executive officers, together 10.87%
BlackRock, Inc. 8.18%
Castle Creek Capital Partners VII, LP and 7.00%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Primis Financial Corp. (FRST) Latest News

26 Oct

Impact 3 · · Zacks

25 Oct

Impact 4 · · The Motley Fool

24 Oct

Impact 4 · · Simply Wall St.

23 Oct

Impact 4 · · Moby earnings
Impact 3 · · The Motley Fool transcript
Impact 3 · · MarketBeat transcript

22 Oct

Impact 3 · · Zacks
Impact 3 · · Zacks
Impact 3 · · Associated Press
Impact 3 · · PR Newswire

16 Oct

Impact 3 · · Zacks

15 Oct

Impact 3 · · Zacks

24 Jul

Impact 4 ·
Impact 3 · · MarketBeat transcript
Impact 3 · · Moby transcript

23 Jul

Impact 3 ·
Impact 3 ·
Impact 3 ·

16 Jul

Impact 3 ·

27 Apr

Impact 4 · · MarketBeat

25 Apr

Impact 4 · · GuruFocus.com

24 Apr

Impact 4 · · The Motley Fool transcript
Impact 3 · · Moby

23 Apr

Impact 4 · · Zacks
Impact 4 · · PR Newswire

16 Apr

Impact 3 · · Zacks

30 Jan

Impact 4 · · GuruFocus.com
Impact 4 · · MarketBeat transcript
Impact 3 · · The Motley Fool transcript

29 Jan

Impact 3 · · Zacks
stockrow.com/FRST · Data as of Oct 26, 2026 · For information only; not investment advice. · © 2026 stockrow.com