Primis Financial Corp. (FRST)

Primis Financial Corp. reported a return to profitability for Q4 2025, with net income reaching $30 million. The company announced a sale-leaseback transaction involving 18 branch properties, expecting to improve capital levels. Primis reauthorized a stock repurchase program in December 2025. Director William Rand Cook increased his stake in the company by purchasing shares. The stock price has increased by over 31% in the past six months.

Primis Financial Corp. experiences demand seasonality in its mortgage warehouse lending segment, which is anticipated to average $500 million across the year, with a projected average of $400 million in the first quarter. Demand in this segment typically peaks well over $600 million during the summer months and then decreases in the fourth quarter.

Primis Financial Corp., through its subsidiary Primis Bank, provides financial services to individuals and small- to medium-sized businesses, operating in the banking industry. Its services include deposit products like checking, savings, and CDs, as well as commercial deposit products. On the lending side, Primis offers commercial loans, SBA loans, construction loans, and specialized financing.

Primis Bank has twenty-four full-service branches in Virginia and Maryland, and offers online and mobile applications. The company has also expanded into the Knoxville, Tennessee market.

Primis Financial Corp. has received positive recognition for its banking services, with its Primis Premium Checking account being named WalletHub's Best Overall Checking Account for 2025. Business Insider and Fortune Recommends have praised Primis's online personal account offerings. MarketBeat's MarketRank™ scored Primis Financial higher than 82% of evaluated companies. However, the company's reputation was impacted in 2024 by issues related to the timely filing of financial reports and restatements of prior financial statements.

Institutional investors hold 79.29% of Primis Financial Corp.'s shares, with 260 institutional owners and shareholders. Major shareholders include BlackRock, Inc., Patriot Financial Partners, Mendon Capital Advisors Corp, and Vanguard Group Inc. Insiders hold 16.06% of the company's ownership.