Primis Financial Corp. (FRST) FY2026 earnings

Reported results

• GAAP net income available to common shareholders was $8.7 million, or $0.35 per diluted share, for the three months ended September 30, 2026.
• Non-GAAP operating net income available to common shareholders was $8.7 million, or $0.35 per diluted share, for the three months ended September 30, 2026.
• GAAP net interest income was $36.3 million for the third quarter of 2026.
• Non-GAAP pre-tax pre-provision operating net income was $12.0 million for the third quarter of 2026.
• GAAP noninterest expense was $37.2 million for the third quarter of 2026.
• Non-GAAP tangible book value per share was $13.81 as of September 30, 2026.

Guidance

• The Company expects approximately $3.0 million of annualized savings from vendor consolidation and statement services beginning early in 2027.

Notes

In the first quarter of 2026, the Company expanded its risk grade matrix to include Pass Grade 5 - Pass/ Watch, migrating Special Mention, Substandard, Doubtful, and Loss loans to risk grades 6, 7, 8, and 9.

Price and volatility reaction

Source

The figures above come from the earnings release the company filed with the SEC on 2026-10-23 (8-K, Item 2.02). Read the original filing on sec.gov.