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Income Overview

Net Income
$8,760K
EPS
$0.38
Unit: Thousand (K) dollars
Income Statement
2026-06-30
2026-03-31
2025-12-31
2025-09-30
Interest and fees on loans
52,927
50,134
48,545*
48,857
Interest and dividends on taxable securities
1,923
1,882
1,751*
1,808
Interest and dividends on tax exempt securities
28
29
86*
86
Interest and dividends on other earning assets
1,444
1,481
973*
1,015
Total interest and dividend income
56,322
53,526
51,353*
51,766
Interest on deposits
19,388
18,502
17,836*
20,571
Interest on other borrowings
3,179
2,950
3,408*
2,163
Total interest expense
22,567
21,452
21,243*
22,734
Net interest income
33,755
32,074
30,110*
29,032
Provision for credit gaines
5,452
1,549
-92*
-49
Net interest income after provision for credit losses
28,303
30,525
30,202*
29,081
Account maintenance and deposit service fees
1,699
1,246
1,115*
1,358
Income from bank-owned life insurance
729
472
444*
456
Gains on panacea financial holdings investment
400
-
47,575*
294
Gain on sale-leaseback
-
-
12,643*
-
Loss on sales of investment securities
-
-
-3,694*
-
(gains) losses on other investments
5,961
-
50*
381
Mortgage banking income
11,388
10,760
7,217*
8,887
Gains on sale of loans
1,582
567
1,241*
249
Consumer program derivative income
196
396
55*
264
Other noninterest income
79
114
710*
80
Total noninterest income
22,034
13,555
67,353*
11,969
Salaries and benefits
20,267
19,556
26,002*
18,523
Occupancy expenses
2,646
2,552
2,525*
1,575
Furniture and equipment expenses
2,153
2,065
1,916*
1,906
Amortization of intangible assets
-
-
169*
0
Virginia franchise tax expense
695
611
578*
576
Fdic insurance assessment
854
738
701*
999
Data processing expense
2,342
2,188
2,567*
2,369
Marketing expense
934
760
401*
450
Telephone and communication expense
350
311
323*
309
Loss (gain) on bank premises and equipment and assets held for sale
-
-
-48*
-
Professional fees
2,886
1,860
3,494*
2,509
Fraud losses
-
-
58*
-
Miscellaneous lending expenses
1,128
728
903*
231
Other operating expenses
3,952
2,385
2,871*
2,866
Total noninterest expenses
38,207
33,754
42,553*
32,313
Income before income taxes
12,130
10,326
55,002*
8,737
Income tax expense
2,704
3,014
11,061*
1,907
Net income
9,426
7,312
43,941*
6,830
Net loss attributable to noncontrolling interests
-
-
-3,602*
0
Net income attributable to primis' common stockholders
9,426
7,312
47,543*
6,830
Unrealized gain (loss) on available-for-sale securities
-843
-991
2,290*
-
Less reclassification adjustment for losses on available-for-sale securities included in net income
-
-
-15,851*
-
Other comprehensive income, before tax
-
-
18,141*
1,703
Income tax expense (benefit) related to other comprehensive income
-177
-208
4,112*
358
Other comprehensive income (loss), net of tax
-666
-783
14,029*
1,345
Comprehensive income
8,760
6,529
61,572
8,175
Basic EPS
0.38
0.3
2.496
0.28
Diluted EPS
0.38
0.3
2.494
0.28
Basic Average Shares
24,732,000
24,665,000
24,671,000
24,632,000
Diluted Average Shares
24,788,000
24,715,000
24,691,000
24,644,000
Unit: Thousand (K) dollars (except for numbers of shares and EPS). Numbers labeled with * are estimated quarterly values.

Time Plot

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Income Statement

Interest and fees on loans$52,927K (18.36%↑ Y/Y)Interest and dividends ontaxable securities$1,923K (5.02%↑ Y/Y)Interest and dividends onother earning assets$1,444K (47.05%↑ Y/Y)Interest and dividends ontax exempt...$28K (-71.13%↓ Y/Y)Total interest anddividend income$56,322K (18.26%↑ Y/Y)Net interest income$33,755K (34.05%↑ Y/Y)Mortgage banking income$11,388K (44.28%↑ Y/Y)(gains) losses on otherinvestments$5,961K (2035.39%↑ Y/Y)Account maintenance anddeposit service fees$1,699K (1.43%↑ Y/Y)Gains on sale of loans$1,582K (653.33%↑ Y/Y)Income from bank-ownedlife insurance$729K (66.44%↑ Y/Y)Gains on panaceafinancial holdings...$400K (-94.63%↓ Y/Y)Consumer programderivative income$196K (-66.95%↓ Y/Y)Other noninterestincome$79K (0.00%↑ Y/Y)Total interestexpense$22,567K (0.53%↑ Y/Y)Net interest incomeafter provision for...$28,303K (67.70%↑ Y/Y)Total noninterestincome$22,034K (22.21%↑ Y/Y)Provision for creditgaines$5,452K (-34.34%↓ Y/Y)Interest on deposits$19,388K (-5.41%↓ Y/Y)Interest on otherborrowings$3,179K (63.03%↑ Y/Y)Income before incometaxes$12,130K (309.11%↑ Y/Y)Total noninterestexpenses$38,207K (19.61%↑ Y/Y)Net income$9,426K (286.79%↑ Y/Y)Income tax expense$2,704K (412.12%↑ Y/Y)Salaries and benefits$20,267K (18.80%↑ Y/Y)Other operatingexpenses$3,952K (59.74%↑ Y/Y)Professional fees$2,886K (19.60%↑ Y/Y)Occupancy expenses$2,646K (100.76%↑ Y/Y)Data processingexpense$2,342K (-22.88%↓ Y/Y)Furniture and equipmentexpenses$2,153K (19.02%↑ Y/Y)Miscellaneous lendingexpenses$1,128K (25.33%↑ Y/Y)Marketing expense$934K (29.72%↑ Y/Y)Fdic insuranceassessment$854K (-16.36%↓ Y/Y)Virginia franchise taxexpense$695K (20.45%↑ Y/Y)Telephone andcommunication expense$350K (8.02%↑ Y/Y)Net incomeattributable to primis'...$9,426K (286.79%↑ Y/Y)Comprehensive income$8,760K (112.93%↑ Y/Y)Other comprehensiveincome (loss), net of...-$666K (-139.71%↓ Y/Y)Income tax expense(benefit) related to other...-$177K (-139.69%↓ Y/Y)Unrealized gain (loss) onavailable-for-sale securities-$843K (-139.71%↓ Y/Y)

Primis Financial Corp. (FRST)

Primis Financial Corp. (FRST)