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Primis Financial Corp. (FRST)

For the quarter ending 2025-06-30, FRST made $68,088K in revenue. $4,114K in net income. Net profit margin of 6.04%.

Overview

Revenue
$68,088K
Net Income
$4,114K
Net Profit Margin
6.04%
EPS
$0.1
Unit: Thousand (K) dollars
Revenue Breakdown
    • Interest and fees on loans
    • Mortgage banking income
    • Gains on panacea financial holdi...
    • Others

Unit: Thousand (K) dollars (except for numbers of shares and EPS)
2025-06-30
Tax expense (benefit)446
Unrealized gain (loss) on available-for-sale securities2,123
Other comprehensive income (loss)1,677
Income tax expense528
Other noninterest income79
Account maintenance and deposit service fees1,675
Gain (loss) on sale of loans210
Gain (loss) on other investments-308
Gains on panacea financial holdings investment7,450
Consumer program derivative income593
Income from bank-owned life insurance438
Mortgage banking income7,893
Total noninterest income18,030
Virginia franchise tax expense577
Professional fees2,413
Other operating expenses2,474
Occupancy expenses1,318
Marketing expense720
Salaries and benefits17,060
Data processing expense3,037
Fdic insurance assessment1,021
Furniture and equipment expenses1,809
Telephone and communication expense324
Amortization of intangible assets289
Miscellaneous lending expenses900
Total noninterest expenses31,942
Interest on other borrowings1,950
Interest on deposits20,497
Total interest expense22,447
Interest and dividends on other earning assets982
Interest and fees on loans44,717
Interest and dividends on tax exempt securities97
Interest and dividends on taxable securities1,831
Total interest and dividend income47,627
Net interest income25,180
Provision for credit losses8,303
Net interest income after provision for credit losses16,877
Income before income taxes2,965
Net income2,437
Net income attributable to primis' common stockholders2,437
Comprehensive income4,114
Earnings per share, basic0.1
Earnings per share, diluted0.1
Weighted average number of shares outstanding, basic24,701,000
Weighted average number of shares outstanding, diluted24,714,000
Unit: Thousand (K) dollars (except for numbers of shares and EPS)

Income Statement

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Interest and dividends ontaxable securities$1,831K Interest and dividends ontax exempt...$97K Interest and fees on loans$44,717K Interest and dividends onother earning assets$982K Total interest anddividend income$47,627K Net interest income$25,180K Mortgage banking income$7,893K Income from bank-ownedlife insurance$438K Consumer programderivative income$593K Gains on panaceafinancial holdings...$7,450K Gain (loss) on sale ofloans$210K Account maintenance anddeposit service fees$1,675K Total interestexpense$22,447K Other noninterestincome$79K Net interest incomeafter provision for...$16,877K Total noninterestincome$18,030K Provision for creditlosses$8,303K Gain (loss) on otherinvestments-$308K Interest on deposits$20,497K Interest on otherborrowings$1,950K Income before incometaxes$2,965K Total noninterestexpenses$31,942K Net income$2,437K Unrealized gain (loss) onavailable-for-sale securities$2,123K Income tax expense$528K Miscellaneous lendingexpenses$900K Amortization of intangibleassets$289K Telephone andcommunication expense$324K Furniture and equipmentexpenses$1,809K Fdic insuranceassessment$1,021K Data processingexpense$3,037K Salaries and benefits$17,060K Marketing expense$720K Occupancy expenses$1,318K Other operatingexpenses$2,474K Professional fees$2,413K Virginia franchise taxexpense$577K Net incomeattributable to primis'...$2,437K Other comprehensiveincome (loss)$1,677K Tax expense(benefit)$446K Comprehensive income$4,114K