Primis Financial Corp

Primis Financial Corp

FRST · NASDAQ · Financial Services / Banks - Regional

14.60USD-0.04 (-0.27%)

Price History

Full chart

Market Stats

Previous Close14.64
Open14.60
Day Range14.50 – 14.69
52-Week Range9.27 – 16.88
Volume70.80K
Market Cap389.10M
P/E (TTM)7.26
Forward P/E7.23
EPS2.16
Dividend Yield2.57%
Beta0.72
50-Day Avg16.08
200-Day Avg14.54

About

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.

Company Details

  • SectorFinancial Services
  • IndustryBanks - Regional
  • CEOMr. Dennis J. Zember Jr.
  • Employees593
  • Headquarters1676 International Drive, McLean, VA, United States, 22102, USA
  • Websitehttps://www.primisbank.com

Leadership

  • Mr. Dennis J. Zember Jr.President, CEO & Director · b. 1970
  • Mr. Matthew Alan SwitzerExecutive VP & CFO · b. 1978
  • Ms. Marie Taylor LeibsonExecutive VP & Chief Credit Officer · b. 1965
  • Ms. Ann-Stanton C. GoreExecutive VP & Chief Strategy Officer · b. 1987
  • Mr. Rickey Allen FulkExecutive Vice President · b. 1968
  • Mr. Scott BainExecutive VP & Chief Accounting Officer
  • Mr. Anurag SharmaExecutive VP & Chief Information Officer
  • Ms. Cheryl B. WoodExecutive VP, Chief Administrative Officer & Secretary
  • Mr. William H. StevensChief Credit Risk Officer · b. 1945
  • Ms. Susan B. WilliamsonExecutive VP & Director of Regulatory Relations

Financials

Income Statement

Currency: USD2004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue1.99M1.68M11.03M22.11M25.81M17.90M37.66M35.87M39.67M36.87M39.90M46.02M50.66M88.59M127.39M130.38M131.40M123.71M141.64M135.60M254.11M312.60M
Growth (%)--15.61%+558.29%+100.36%+16.75%-30.66%+110.47%-4.78%+10.61%-7.07%+8.21%+15.35%+10.07%+74.87%+43.80%+2.35%+0.78%-5.85%+14.49%-4.26%+87.39%+23.02%
Cost of Revenue1.88M1.85M5.41M12.38M13.64M14.62M17.54M14.58M12.02M8.28M8.12M10.25M13.54M23.52M29.43M35.74M45.59M13.24M32.86M-79.77M157.37M101.30M
Gross Profit107.25K-176.77K5.63M9.73M12.17M3.28M20.13M21.29M27.65M28.59M31.78M35.77M37.11M65.07M97.96M94.64M85.81M110.47M108.78M215.37M96.74M211.30M
Gross Margin5.40%-10.55%51.00%44.01%47.15%18.33%53.44%59.35%69.69%77.53%79.66%77.73%73.26%73.45%76.90%72.59%65.30%89.30%76.80%158.82%38.07%67.59%
Operating Expense-164.59K2.08M4.62M7.88M10.64M10.64M14.20M15.19M17.96M19.29M20.54M21.82M21.71M49.49M54.65M56.59M67.09M70.90M91.45M191.74M125.64M138.74M
Operating Income271.83K-2.26M1.01M1.84M1.52M-7.36M5.93M6.09M9.68M9.29M11.24M13.96M15.41M15.57M43.30M38.05M18.72M39.57M17.33M23.63M-28.90M72.55M
Operating Margin13.69%-134.61%9.15%8.34%5.90%-41.11%15.74%16.99%24.41%25.21%28.17%30.32%30.41%17.58%33.99%29.19%14.24%31.98%12.24%17.43%-11.37%23.21%
EBITDA376.47K-2.13M767.00K2.86M2.63M-6.06M7.52M7.58M11.48M10.77M12.41M15.24M16.39M20.20M50.71M46.23M26.91M47.61M24.77M-10.14M-19.98M81.91M
EBITDA Margin18.96%-126.87%6.95%12.93%10.18%-33.88%19.96%21.15%28.94%29.21%31.10%33.12%32.35%22.80%39.81%35.46%20.48%38.48%17.49%-7.48%-7.86%26.20%
Net Income373.78K-2.26M1.01M1.74M1.21M-4.68M4.05M4.40M6.57M6.26M7.48M9.29M10.31M2.42M33.69M33.17M22.98M31.11M14.15M9.94M-16.20M61.44M
Net Income Margin18.82%-134.61%9.15%7.85%4.68%-26.15%10.76%12.27%16.56%16.97%18.76%20.18%20.36%2.74%26.45%25.44%17.49%25.15%9.99%7.33%-6.38%19.66%
R&D-------00000000-------
R&D as % of Total Revenue-------0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%-------
Interest Expense1.62M1.63M4.86M11.09M11.98M8.08M8.51M6.09M5.83M4.67M4.67M7.08M8.63M15.65M27.84M36.92M26.14M19.04M21.59M10.08M106.75M89.01M
Interest Expense % of Total Revenue81.77%96.96%44.05%50.15%46.43%45.13%22.60%16.97%14.69%12.66%11.71%15.38%17.04%17.67%21.85%28.32%19.89%15.39%15.24%7.44%42.01%28.48%

Balance Sheet

Currency: USD2004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets98.03M122.91M290.57M377.28M431.92M610.67M590.82M611.37M722.10M716.18M916.33M1.04B1.14B2.61B2.70B2.72B3.09B3.41B3.57B3.88B3.69B4.05B
Total Liabilities89.80M90.59M222.35M308.01M363.15M513.55M491.71M512.32M618.93M609.57M802.35M916.47M1.02B2.29B2.35B2.34B223.57M201.53M3.18B115.93M3.33B3.62B
Total Equity8.23M32.31M68.23M69.28M68.78M97.12M99.11M99.05M103.18M106.61M113.98M119.64M126.34M322.77M348.29M377.24M2.87B3.21B394.40M3.76B351.76M422.90M
Cash2.28M2.91M8.13M1.31M14.76M8.07M9.74M5.04M39.20M20.86M38.32M30.34M47.39M23.75M27.82M31.93M196.19M530.17M77.86M77.55M64.50M143.61M
Total Debt19.17M37.00M5.03M40.50M71.78M52.02M58.91M47.74M63.66M64.80M54.04M84.38M95.00M407.75M238.73M199.68M233.94M204.99M428.86M115.93M128.56M262.17M
Net Debt16.89M34.09M-3.09M39.19M57.02M43.95M49.16M42.70M24.46M43.94M15.72M54.05M47.61M383.99M210.92M167.75M27.38M-328.64M348.22M38.37M64.05M118.56M

Cash Flow

Currency: USD2004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow-1.44M1.59M703.00K3.47M4.54M5.54M2.84M13.15M10.84M5.85M11.48M12.22M18.02M24.59M41.44M36.76M29.66M27.32M13.11M22.30M19.53M10.77M
Investing Cash Flow-28.70M-30.97M-39.22M-95.42M-45.46M44.26M16.81M5.70M77.58M-11.81M-89.75M-127.04M-95.59M-62.01M-93.70M-5.02M-204.27M5.71M-617.51M-108.30M-158.22M
Financing Cash Flow30.12M29.97M44.98M85.13M54.38M-56.49M-17.98M-23.56M-54.26M-12.38M95.73M106.83M94.62M15.49M55.40M-28.43M338.87M296.21M152.10M444.53M-140.88M226.55M
Capital Expenditure00132.00K453.00K130.00K100.00K1.97M522.00K793.00K437.00K897.00K307.00K143.00K1.43M1.97M1.10M1.08M2.46M1.01M1.92M1.19M1.73M
Free Cash Flow-1.44M1.59M571.00K3.02M4.41M5.44M867.00K12.63M10.04M5.41M10.59M11.91M17.88M23.16M39.47M35.66M28.58M24.86M12.09M22.30M18.34M9.03M
Dividends Paid-------02.84M2.90M7.24M6.36M3.92M5.80M7.69M8.69M9.74M9.81M9.85M9.87M9.89M9.87M
FCF to OCF100.00%100.00%81.22%86.95%97.14%98.20%30.55%96.03%92.68%92.52%92.19%97.49%99.21%94.20%95.24%97.01%96.35%91.01%92.28%100.00%93.89%83.90%
Dividend Paid to FCF-------0.00%28.28%53.58%68.37%53.38%21.93%25.03%19.48%24.37%34.07%39.45%81.48%44.27%53.94%109.30%

Earnings

Report DateJan 23, 2007Apr 19, 2007Jul 20, 2007Oct 19, 2007Jan 18, 2008Apr 17, 2008Jul 18, 2008Oct 28, 2008Jan 23, 2009Apr 24, 2009Jul 27, 2009Oct 21, 2009Feb 2, 2010Apr 22, 2010Jul 22, 2010Oct 28, 2010Jan 27, 2011Apr 28, 2011Jul 28, 2011Oct 27, 2011Feb 7, 2012May 3, 2012Jul 26, 2012Oct 25, 2012Jan 24, 2013Apr 25, 2013Jul 25, 2013Oct 21, 2013Jan 23, 2014Apr 24, 2014Jul 17, 2014Oct 23, 2014Jan 22, 2015Apr 23, 2015Jul 23, 2015Oct 22, 2015Jan 21, 2016Apr 28, 2016Jul 21, 2016Oct 20, 2016Jan 27, 2017Apr 27, 2017Jul 27, 2017Oct 26, 2017Jan 26, 2018Apr 26, 2018Jul 26, 2018Oct 25, 2018Jan 24, 2019Apr 26, 2019Jul 25, 2019Oct 24, 2019Jan 30, 2020Apr 28, 2020Jul 27, 2020Oct 26, 2020Jan 28, 2021Apr 29, 2021Jul 29, 2021Oct 28, 2021Jan 27, 2022Apr 28, 2022Jul 28, 2022Oct 27, 2022Jan 26, 2023Apr 27, 2023Jul 27, 2023Oct 26, 2023Jan 25, 2024Apr 25, 2024Jul 25, 2024Oct 24, 2024Jan 28, 2025Apr 29, 2025Jul 24, 2025Oct 23, 2025Jan 29, 2026Apr 23, 2026Jul 23, 2026Oct 22, 2026
EPS Estimate-------------0.020.090.090.100.060.070.08-0.110.110.130.140.150.150.160.140.130.140.160.170.17-0.190.170.170.210.240.230.23-0.620.230.240.270.300.320.330.330.350.340.340.33-0.030.240.310.290.260.270.240.210.210.270.290.290.250.180.280.340.360.390.110.250.220.220.340.280.410.45
EPS Actual0.070.060.090.070.020.070.07-0.110.150.080.000.010.180.090.090.10-0.090.100.110.110.060.160.090.100.110.130.130.120.120.140.150.170.160.160.200.200.190.210.230.220.210.19-0.210.190.260.340.370.360.320.370.380.360.370.180.190.390.260.390.420.250.290.190.240.210.030.230.040.320.350.260.320.08-0.650.140.110.280.100.330.23-
Surprise-------------350.00%0.00%11.11%-190.00%66.67%57.14%37.50%-45.45%-18.18%-23.08%-21.43%-13.33%-13.33%-25.00%-14.29%7.69%7.14%6.25%-5.88%-5.88%-5.26%11.76%23.53%9.52%-8.33%-8.70%-17.39%66.13%-17.39%8.33%25.93%23.33%12.50%-3.03%12.12%8.57%5.88%8.82%-45.45%733.33%62.50%-16.13%34.48%61.54%-7.41%20.83%-9.52%14.29%-22.22%-89.66%-20.69%-84.00%77.78%25.00%-23.53%-11.11%-79.49%-690.91%-44.00%-50.00%27.27%-70.59%17.86%-43.90%-
Timing-------------After-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hours-After-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hours-After-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursPre-marketAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursPre-marketAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hours

Key Statistics & Ratios

Market Cap389.10M
Enterprise Value659.45M
Trailing P/E7.26
Forward P/E7.23
PEG Ratio0.00
Price / Sales1.82
Price / Book0.89
EPS2.16
Book Value17.54
Revenue (TTM)213.70M
Gross Profit (TTM)213.70M
Profit Margin24.85%
Operating Margin25.79%
Return on Equity13.11%
Return on Assets1.29%
Shares Outstanding24.80M
Shares Float23.73M
Beta0.72
Dividend Yield2.57%
Dividend Rate0.40
Payout Ratio42.55%

Analyst Ratings

Strong Buy
Based on 1 analystsTarget 19.19
  • Strong Buy
    1

Ownership Breakdown

Institutions
95.14%
Insiders
3.95%
Retail / Other
0.91%

Top Institutional Holders

  • BlackRock Inc
    2.04M8.19%
  • Patriot Financial Partners GP II, LP
    1.22M4.89%
  • AllianceBernstein L.P.
    1.19M4.79%
  • North Reef Capital Management LP
    1.14M4.56%
  • Dimensional Fund Advisors, Inc.
    1.06M4.28%
  • Curi Capital, LLC
    1.00M4.04%
  • Vanguard Capital Management, LLC
    987.79K3.97%
  • Mendon Capital Advisors Corp
    929.74K3.74%
  • Two Sigma Investments LLC
    923.71K3.71%
  • Maltese Capital Management LLC
    897.10K3.61%
  • Banc Funds Co LLC
    872.96K3.51%
  • Geode Capital Management, LLC
    498.33K2.00%
  • SALZHAUER MICHAEL
    471.80K1.90%
  • State Street Corp
    420.18K1.69%
  • CSM Advisors, LLC
    364.82K1.47%
  • Prudential Financial Inc
    346.14K1.39%

Top Fund Holders

  • RMB Mendon Financial Services A
    821.43K3.30%
  • Vanguard MStar Total Stk Mkt Idx Invest
    726.06K2.92%
  • iShares Russell 2000 ETF
    672.32K2.70%
  • DFA US Small Cap Value I
    325.02K1.31%

Dividends

20264×
0.10Nov 6, 20260.10Aug 7, 20260.10May 8, 20260.10Feb 13, 2026
20254×
0.10Nov 7, 20250.10Aug 8, 20250.10May 14, 20250.10Feb 12, 2025
20244×
0.10Nov 8, 20240.10Aug 9, 20240.10May 9, 20240.10Feb 8, 2024
20234×
0.10Nov 9, 20230.10Aug 10, 20230.10May 11, 20230.10Feb 9, 2023
20224×
0.10Nov 10, 20220.10Aug 11, 20220.10May 12, 20220.10Feb 10, 2022
20214×
0.10Nov 10, 20210.10Aug 12, 20210.10May 13, 20210.10Feb 11, 2021

Stock Splits

  • Apr 30, 200711:10