Primis Financial Corp. Reports Third Quarter 2026 Financial Results
Primis Financial Corp. reported net income of $8.7 million, or $0.35 per diluted share, for the third quarter of 2026, alongside a quarterly dividend declaration.
Stocks · News reference
Raymond James analyst Thomas Reid maintains Primis Finl (NASDAQ:FRST) with a Strong Buy and lowers the price target from $19 to $18.
Reference Details
Poisar stores the source's headline, summary and market tags for reference. Reporting and full article text remain with the original publisher.
Keep reading
Primis Financial Corp. reported net income of $8.7 million, or $0.35 per diluted share, for the third quarter of 2026, alongside a quarterly dividend declaration.
Primis Financial reported Q3 2026 revenue of $49.23 million, up 20.1% year-over-year, but missed consensus estimates by 3.86%. EPS of $0.35 fell short of the $0.45 estimate by 22.22%. Key metrics showed mixed results: Net Interest Margin beat estimates at 3.7% vs 3.5%, but Efficiency Ratio underperformed at 75.5% vs 68.8% estimate. Mortgage Banking Income significantly missed at $8.02 million versus $12 million estimate. The stock carries a Zacks Rank #4 (Sell) rating.
Primis Financial reported quarterly earnings of $0.35 per share, missing the consensus estimate of $0.45 and representing a -22.22% earnings surprise. The company also missed revenue expectations. With unfavorable estimate revisions, Primis Financial received a Zacks Rank #4 (Sell) rating and is expected to underperform the market. The Financial - Miscellaneous Services industry ranks in the bottom 31% of Zacks industries.
Filed: 2026-10-23 AccNo: 0001104659-26-118258 Size: 7 MB Item 2.02: Results of Operations and Financial Condition Item 7.01: Regulation FD Disclosure Item 8.01: Other Events Item 9.01: Financial Statements and Exhibits