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Financials · FRST

Primis Financial Corp. (FRST) financials

For the twelve months ended Sep 30, 2026, Primis Financial Corp. reported $231.52M of revenue and $54.95M of net income.

Revenue, TTM
$231.52M
Revenue growth, YoY
+27.4%
Net income, TTM
$54.95M
Net income growth, YoY
+541.3%
Net margin
23.7%
EPS, diluted, TTM
$2.22
EPS growth, YoY
+534.3%
Cash
$165.09M
P/E
6.63
P/S
1.57
Market cap
$364.1M
Annual revenue$223.78M
FY2016FY2025
Annual net income$61.44M
FY2016FY2025
Annual free cash flow$9.03M
FY2016FY2025

FRST revenue and earnings growth

FRST revenueQ3 2026$49.23M

Quarter YoY
+20.1%
QoQ
-11.8%
FY YoY
+51.9%
5Y CAGR
+16.1%
10Y CAGR
+18.7%

FRST revenue was $49.23M in fiscal Q3 2026 (ended Sep 30, 2026), up 20.1% from a year earlier and down 11.8% from the prior quarter. For the full fiscal 2025 it was $223.78M, up 51.9% from fiscal 2024. Compound annual growth was +16.1% over 5 years and +18.7% over 10 years. It rose in 8 of the last 10 fiscal years. Fiscal 2025 is the highest of the 15 fiscal years on file.

FRST net incomeQ3 2026$8.67M

Quarter YoY
+27.0%
QoQ
-8.0%
5Y CAGR
+21.7%
10Y CAGR
+20.8%

FRST net income was $8.67M in fiscal Q3 2026 (ended Sep 30, 2026), up 27.0% from a year earlier and down 8.0% from the prior quarter. For the full fiscal 2025 it was $61.44M, compared with -$16.20M in fiscal 2024. Compound annual growth was +21.7% over 5 years and +20.8% over 10 years. Fiscal 2025 is the highest of the 15 fiscal years on file.

FRST EPSQ3 2026$0.35

Quarter YoY
+25.0%
QoQ
-7.9%
5Y CAGR
+32.9%

FRST diluted EPS was $0.35 in fiscal Q3 2026 (ended Sep 30, 2026), up 25.0% from a year earlier and down 7.9% from the prior quarter. For the full fiscal 2025 it was $2.49, compared with -$0.66 in fiscal 2024. Compound annual growth was +32.9% over 5 years.

FRST free cash flowQ3 2026$78.79M

FY YoY
-50.7%
5Y CAGR
-20.1%
10Y CAGR
-2.7%

FRST free cash flow was $78.79M in fiscal Q3 2026 (ended Sep 30, 2026). For the full fiscal 2025 it was $9.03M, down 50.7% from fiscal 2024. Compound annual growth was -20.1% over 5 years and -2.7% over 10 years. It rose in 4 of the last 10 fiscal years.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue$223.78M$147.36M$143.96M$120.05M$105.24M$106.22M$95.00M$101.27M$73.35M$43.13M
Interest expense--$93.91M$21.59M$19.04M$26.14M$36.92M$27.84M$15.65M$8.63M
Pre-tax income$72.55M-$28.90M-$11.18M$17.33M$39.57M$18.72M$38.05M$43.30M$15.57M$15.41M
Income tax$14.71M-$4.24M-$1.07M$3.19M$8.68M$4.14M$5.89M$9.61M$13.15M$5.09M
Net income$61.44M-$16.20M-$7.83M$14.15M$31.11M$22.98M$33.17M$33.69M$2.42M$10.31M
EPS, basic$2.49-$0.66-$0.32$0.58$1.26$0.60$1.34$1.40$0.13$0.84
EPS, diluted$2.49-$0.66-$0.32$0.57$1.26$0.60$1.32$1.39$0.13$0.83
Diluted shares24.7M24.7M24.6M24.7M24.6M24.4M24.3M24.3M18.7M12.4M

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Cash and equivalents$143.61M$64.50M$77.55M$77.86M$530.17M$196.19M$31.93M$28.61M$25.46M$47.39M
Goodwill$93.46M$93.46M$93.46M$104.61M$101.95M$101.95M$101.95M$101.95M$100.61M$10.51M
Total assets$4.05B$3.69B$3.86B$3.57B$3.41B$3.09B$2.72B$2.70B$2.61B$1.14B
Total liabilities$3.62B$3.33B$3.46B$3.18B$3.00B$2.70B$2.34B$2.35B$2.29B$1.02B
Shareholders' equity$422.90M$364.98M$397.59M$388.97M$410.04M$388.85M$377.24M$348.29M$322.77M$126.34M

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Operating cash flow$10.77M$19.53M$28.82M$12.43M$27.61M$28.79M$37.01M$41.44M$24.59M$18.02M
Capital expenditures$1.73M$1.19M$1.92M$1.01M$2.46M$1.08M$1.10M$1.97M$1.43M$143.0K
Free cash flow$9.03M$18.34M$26.89M$11.42M$25.16M$27.71M$35.91M$39.47M$23.16M$17.88M
Investing cash flow-$158.22M$108.30M-$312.76M-$616.86M$5.78M-$203.96M-$5.02M-$93.70M-$62.01M-$95.59M
Financing cash flow$226.55M-$140.88M$283.63M$152.11M$296.21M$338.87M-$28.43M$55.40M$15.49M$94.62M
Dividends paid$9.87M$9.89M$9.88M$9.85M$9.81M$9.74M$8.69M$7.69M$5.80M$3.92M
Share repurchases$807.0K---------
Stock-based compensation$2.90M$940.0K$712.0K$395.0K$747.0K$1.54M$432.0K$280.0K$251.0K$260.0K
Depreciation and amortization$2.00M$2.00M$2.00M$2.50M$2.40M$2.00M$2.30M$3.30M$2.20M-

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue growth, YoY51.9%2.4%19.9%14.1%-0.9%11.8%-6.2%38.1%70.0%6.8%
Net income growth, YoY----54.5%35.4%-30.7%-1.6%1289.3%-76.5%11.0%
EPS growth, YoY----54.8%110.0%-54.5%-5.0%969.2%-10.7%
Net margin27.5%-11.0%-5.4%11.8%29.6%21.6%34.9%33.3%3.3%23.9%
Free cash flow margin4.0%12.4%18.7%9.5%23.9%26.1%37.8%39.0%31.6%41.5%
Return on equity14.5%-4.4%-2.0%3.6%7.6%5.9%8.8%9.7%0.8%8.2%
Return on assets1.5%-0.4%-0.2%0.4%0.9%0.7%1.2%1.2%0.1%0.9%

Source: XBRL data Primis Financial Corp. files with the SEC, latest filing dated Nov 9, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

FRST peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
FRST$231.52M+27.4%$54.95M23.7%$364.1M
JPM$203.15B+13.2%$65.98B32.5%$908.43B
BAC$120.16B+5.4%$32.24B26.8%$348.81B
WFC$87.23B+5.4%$22.97B26.3%$256.63B
C$85.22B+5.6%$14.31B16.8%$201.89B
UBS$49.57B+2.0%$7.80B15.7%$151.93B
MFG¥8.79T+7.6%¥1.16T13.2%$122.19B
COF$63.01B+31.2%$10.87B17.2%$119.45B
BNSC$37.74B+12.1%C$7.79B20.6%$114.51B

FRST FAQ

7 questions
  • What is FRST revenue?
    Primis Financial Corp. (FRST) reported $231.52M of revenue for the twelve months ended Sep 30, 2026. That is up 27.4% from the year before. Revenue for fiscal 2025 was $223.78M.
  • Is FRST profitable?
    Yes. Primis Financial Corp. earned $54.95M in net income for the twelve months ended Sep 30, 2026, a net margin of 23.7%.
  • How much cash and debt does FRST have?
    Primis Financial Corp. reported $165.09M in cash and cash equivalents on its most recent balance sheet in SEC filings.
  • How fast is FRST revenue growing?
    Primis Financial Corp.'s revenue changed +51.9% in fiscal 2025, to $223.78M. Its compound annual growth rate was +16.1% over 5 years and +18.7% over 10 years.
  • What is FRST earnings per share?
    Diluted earnings per share were $2.22 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did FRST last report financial results?
    The latest statements here come from Primis Financial Corp.'s 10-Q filed on Nov 9, 2026, covering the period ended Sep 30, 2026.
  • Where does this FRST financial data come from?
    Quantisnow builds these statements from the structured XBRL data Primis Financial Corp. files with the SEC. It is provided for information only and is not investment advice.