Primis Financial Corp. (FRST)

Over the past six months, Primis Financial Corp.'s stock price has been influenced by several key events. In Q3 2025, Primis Financial reported a net income increase with an improved net interest margin, digital deposits exceeding $1.0 billion, and mortgage warehouse balances rising. In Q2 2025, the company reported a net income increase, including a pre-tax gain from the sale of partial ownership in Panacea Financial Holdings. In Q1 2025, Primis Financial reported a net income, a turnaround from a Q4 2024 net loss. Primis Financial announced the deconsolidation of Panacea Financial Holdings, expecting to record a significant pre-tax gain. Primis Financial received a letter from Nasdaq due to not timely filing its Annual Report, requiring additional time for restatement of financial statements. Over the last 12 months, the stock's price decreased, but in the past month, the stock increased.

The demand for Primis Financial Corp.'s products and services generally follows seasonal trends. Commercial loan originations are busy from mid-September to late November and from the third week of January. Consumer spending increases during the holiday season, driving demand for short-term financial solutions. Deposits tend to flow out of the U.S. banking system in January and February. Spring and summer are peak homebuying seasons, resulting in a surge in mortgage applications.

Primis Financial Corp. is a bank holding company operating through its wholly-owned subsidiary, Primis Bank, offering financial services to individuals, small businesses, and agricultural clients. It provides deposit products, commercial real estate loans, agricultural loans, small business loans, treasury management, cash management, merchant services, residential mortgages, home equity lines of credit, secured and unsecured personal loans, and life insurance premium financing. Primis also has a growing mortgage division, including mortgage warehouse lending, and a strategic investment in Panacea Financial Holdings, which focuses on financing for medical, dental, and veterinary businesses. The company also provides online and mobile banking platforms.

Primis Bank operates 24 full-service branches across Virginia and Maryland. In 2020, the company expanded into the Knoxville, Tennessee market through an acquisition, with its primary service area being the Southeast region.

Primis Financial Corp. generally emphasizes a community focus and personalized customer service. However, its brand reputation has been affected by an embezzlement scheme, mixed customer reviews, and a Nasdaq delinquency notification. On a positive note, Primis Bank became the first bank to adopt FICO Score 10 T for mortgage lending services. MarketBeat reports a news sentiment score of 1.54 for Primis Financial.

Primis Financial is owned by institutional shareholders, Primis Financial insiders, and retail investors. Major institutional shareholders include BlackRock, Inc., Banc Funds Co Llc, Mendon Capital Advisors Corp, Dimensional Fund Advisors Lp, Patriot Financial Partners Gp, Lp, and Vanguard Group Inc. Castle Creek Capital Partners IV LP is the largest individual Primis Financial shareholder. Insiders have shown net buying activity in the past three months.