Primis Financial Corp. (FRST)

In December 2025, Primis Financial Corp. announced a sale-leaseback transaction and reauthorized a stock repurchase program. In January 2026, the company reported earnings per share for the fourth quarter of 2025. In April 2026, Primis Financial Corp. reported strong first-quarter results, although net income was lower than the previous year due to a non-recurring gain in Q1 2025, and Castle Creek Capital Partners VII, LP reduced its stake in the company. In May 2026, the stock price increased by 1.1% on May 6, 2026.

The demand for Primis Financial Corp.'s products and services exhibits some seasonality, with the first quarter generally being a seasonally slow quarter. Mortgage warehouse balances are seasonal, with average balances around $400 million in the first quarter and peaking over $600 million. Historically, November has shown the highest probability of positive stock returns for FRST, while February has the lowest.

Primis Financial Corp. is a financial holding company for Primis Bank, offering financial services to individuals and small- to medium-sized businesses. Its services include commercial and consumer lending, deposit products, mortgage banking, specialized lending, and digital banking.

Primis Financial Corp. operates primarily in Virginia and Maryland through twenty-four full-service branches. It also provides services nationwide through online and mobile applications and a fully digital banking platform.

Primis Financial Corp. emphasizes its mission to deliver value through solutions, technology, innovation, and close customer relationships, positioning itself as a community-focused bank. Its Primis Perks and Primis Premium checking accounts received national certification as Bank On low-cost, low-fee accounts. The company also engages in community initiatives.

Institutional investors hold a significant portion of Primis Financial Corp.'s stock, ranging from approximately 74.96% to 84.8%. Insiders hold approximately 10.87% to 16.77% of the company's stock. Castle Creek Capital Partners IV LP is the largest individual shareholder, owning 9.01% of the company's shares.