For the quarter ending 2025-09-30, FRST made $120,436K in revenue. $8,175K in net income. Net profit margin of 6.79%.
| Income Statement | 2025-09-30 | 2025-06-30 | ||
|---|---|---|---|---|
| Interest and fees on loans | 48,857 | 44,717 | ||
| Interest and dividends on taxable securities | 1,808 | 1,831 | ||
| Interest and dividends on tax exempt securities | 86 | 97 | ||
| Interest and dividends on other earning assets | 1,015 | 982 | ||
| Total interest and dividend income | 51,766 | 47,627 | ||
| Interest on deposits | 20,571 | 20,497 | ||
| Interest on other borrowings | 2,163 | 1,950 | ||
| Total interest expense | 22,734 | 22,447 | ||
| Net interest income | 29,032 | 25,180 | ||
| Provision for (recovery of) credit losses | -49 | 8,303 | ||
| Net interest income after provision for (recovery of) credit losses | 29,081 | 16,877 | ||
| Account maintenance and deposit service fees | 1,358 | 1,675 | ||
| Income from bank-owned life insurance | 456 | 438 | ||
| Gains on panacea financial holdings investment | 294 | 7,450 | ||
| Mortgage banking income | 8,887 | 7,893 | ||
| Gains on sale of loans | 249 | 210 | ||
| Gains on other investments | 381 | -308 | ||
| Consumer program derivative income | 264 | 593 | ||
| Other noninterest income | 80 | 79 | ||
| Total noninterest income | 11,969 | 18,030 | ||
| Salaries and benefits | 18,523 | 17,060 | ||
| Occupancy expenses | 1,575 | 1,318 | ||
| Furniture and equipment expenses | 1,906 | 1,809 | ||
| Amortization of intangible assets | 0 | 289 | ||
| Virginia franchise tax expense | 576 | 577 | ||
| Fdic insurance assessment | 999 | 1,021 | ||
| Data processing expense | 2,369 | 3,037 | ||
| Marketing expense | 450 | 720 | ||
| Telephone and communication expense | 309 | 324 | ||
| Professional fees | 2,509 | 2,413 | ||
| Miscellaneous lending expenses | 231 | 900 | ||
| Other operating expenses | 2,866 | 2,474 | ||
| Total noninterest expenses | 32,313 | 31,942 | ||
| Income (loss) before income taxes | 8,737 | 2,965 | ||
| Income tax expense (benefit) | 1,907 | 528 | ||
| Net income (loss) | 6,830 | 2,437 | ||
| Net loss attributable to noncontrolling interests | 0 | - | ||
| Net income attributable to primis' common stockholders | 6,830 | 2,437 | ||
| Unrealized gains on available-for-sale securities | 1,703 | 2,123 | ||
| Tax expense | 358 | 446 | ||
| Other comprehensive income | 1,345 | 1,677 | ||
| Comprehensive income | 8,175 | 4,114 | ||
| Earnings per share, basic | 0.28 | 0.1 | ||
| Earnings per share, diluted | 0.28 | 0.1 | ||
| Weighted average number of shares outstanding, basic | 24,632,000 | 24,701,000 | ||
| Weighted average number of shares outstanding, diluted | 24,644,000 | 24,714,000 | ||
Primis Financial Corp. (FRST)
Primis Financial Corp. (FRST)