Primis Financial
Runs community banking plus healthcare, warehouse, and mortgage platforms.
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Profile
Operates Primis Bank and Primis Mortgage across a Virginia, Maryland, and Greater Washington, D.C. footprint. Revenue is shaped by deposits, loans, mortgage banking, digital deposits, Panacea healthcare finance, and mortgage warehouse lending, while market-area exposure and digital-bank controls are current operating dependencies.
Operates through Primis Bank, a Virginia state-chartered bank, and Primis Mortgage. Primis Bank gathers deposits, makes commercial, real estate, construction, consumer, and residential mortgage loans, and reaches customers through branches, mobile apps, online banking, digital deposits, Panacea Financial, and Mortgage Warehouse lending.
Focuses on Virginia, Maryland, and the Greater Washington, D.C. market, with credit exposure tied to surrounding Mid-Atlantic communities. Panacea serves medical, dental, and veterinary professionals nationally, while Mortgage Warehouse funds residential mortgage originators and Primis Mortgage contributes mortgage banking income.
Execution depends on attracting deposits, pricing loans, underwriting specialty credit, and maintaining digital-bank processing controls. Recent portfolio shaping includes the runoff of retained life premium finance loans, making the current mix more centered on community banking, healthcare finance, mortgage warehouse lending, and residential mortgage origination.
Company facts
Categories
Key statistics
Year to date +22.8% · Average volume (30d) 172.8K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Target |
|---|---|---|---|---|
| Jun 25, 2026 | Raymond James | Initiate | Strong Buy | $19 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 23, 2026Q2 FY26 | $0.38 | $0.23 | −39.6% | $48.8M | $50.3M | +3.2% | −2.23% |
| Apr 23, 2026Q1 FY26 | $0.32 | $0.33 | +3.1% | $44.1M | $44.1M | −0.2% | +3.02% |
| Jan 29, 2026Q4 FY25 | $0.34 | $0.10 | −70.6% | $30.0M | $78.4M | +161.3% | −0.74% |
| Oct 23, 2025Q3 FY25 | $0.32 | $0.28 | −12.5% | $30.2M | $41.0M | +35.7% | +10.21% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $80.1M | $58.2M | $63.7M | $103.3M | $67.1M | $78.4M | |
| Gross profit | $57.1M | $27.5M | $41.1M | $78.4M | $44.1M | $50.3M | |
| Operating income | $24.6M | $3.0M | $8.7M | $36.3M | $10.3M | $12.1M | |
| Net income | $22.6M | $2.4M | $6.8M | $29.5M | $7.3M | $9.4M | |
| Diluted EPS | $0.92 | $0.10 | $0.28 | $1.20 | $0.30 | $0.38 | |
| Gross margin | 71.3% | 47.2% | 64.4% | 75.9% | 65.7% | 64.2% | |
| Operating margin | 30.7% | 5.1% | 13.7% | 35.1% | 15.4% | 15.5% |
Fiscal years (4-quarter sums)FY21 $123.1M · FY22 $144.7M · FY23 $236.4M · FY24 $254.1M · FY25 $305.3M
Balance sheet, Jun 30, 2026Cash & short-term investments $10.1M · Total debt $448.1M · Total assets $4.35B · Shareholders' equity $433.8M
Dividends
Raised for 13 straight years. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 7, 2026 | Aug 7 | Aug 21 | $0.10 | |
| May 8, 2026 | May 8 | May 22 | $0.10 | |
| Feb 13, 2026 | Feb 13 | Feb 27 | $0.10 | |
| Nov 7, 2025 | Nov 7 | Nov 21 | $0.10 | |
| Aug 8, 2025 | Aug 8 | Aug 22 | $0.10 | |
| May 14, 2025 | May 14 | May 28 | $0.10 | |
| Feb 12, 2025 | Feb 12 | Feb 26 | $0.10 | |
| Nov 8, 2024 | Nov 8 | Nov 22 | $0.10 |
Ownership
Shares outstanding 24.88M · Float 23.80M · 95.7% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 2.46M | 9.89% | 13F | Aug 7, 2026 |
| Castle Creek Capital VII LLC | 1.33M | 5.40% | 13D | Apr 13, 2026 |
| North Reef Capital Management LP | 1.23M | 4.93% | 13F | Aug 14, 2026 |
| Patriot Financial Partners GP Ii, L.P. | 1.22M | 4.89% | 13F | Aug 13, 2026 |
| AllianceBernstein L.P. | 1.20M | 4.81% | 13F | Aug 14, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 20, 2026 | Margaret M. Weichert | director | +110 | $16.00 |
| Aug 6, 2026 | Margaret M. Weichert | director | +200 | $16.32 |
| Jun 11, 2026 | Jason Brock Saunders | director | +500 | $15.20 |
| Jun 9, 2026 | F. L. Iii Garrett | director | +155 | $15.24 |
| Jun 8, 2026 | F. L. Iii Garrett | director | +250 | $15.03 |
Peers
- Atlantic Union Bankshares
Virginia-centered regional bank with VA/MD/DC overlap
- United Bankshares
Mid-Atlantic bank competing in deposits, loans, and mortgage
- TowneBank
Virginia community bank with mortgage and business-banking overlap
- Eagle Bancorp
D.C.-area commercial bank focused on CRE and business clients
- Customers Bancorp
Branch-light bank overlapping in warehouse lending and digital deposits
- Burke & Herbert Financial Services
Greater Washington community bank competing for local deposits
- Live Oak Bancshares
National healthcare-practice lender overlapping Panacea
- Rocket Companies
Scaled mortgage platform competing with Primis Mortgage
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Primis Financial | $16.02 | 0.00% | $398.6M | 7.4 | 9.1 | 1.3 | +44.2% |
| Atlantic Union Bankshares | $40.66 | +0.02% | $5.77B | 12.1 | 10.5 | 2.6 | −3.5% |
| United Bankshares | $47.60 | +0.01% | $6.56B | 13.0 | 12.7 | 3.6 | +6.0% |
| TowneBank | $37.47 | +0.09% | $3.45B | 10.5 | 11.3 | 2.7 | +18.5% |
| Eagle Bancorp | $27.57 | −0.07% | $840.8M | — | 14.8 | 1.4 | −1.5% |
| Customers Bancorp | $78.58 | 0.00% | $2.66B | 9.6 | 8.7 | 1.8 | +12.4% |
| Burke & Herbert Financial Services | $71.71 | 0.00% | $1.44B | 11.5 | 8.5 | 3.3 | +24.6% |
| Live Oak Bancshares | $40.13 | −0.04% | $1.86B | 14.1 | 11.1 | 1.7 | +10.0% |
| Rocket Companies | $13.80 | +0.22% | $38.89B | 94.3 | 19.0 | 4.0 | +113.7% |
| Median | 12.1 | 11.2 | 2.6 | +11.2% |