earnings
confidence high
sentiment positive
materiality 0.75
Primis Financial Q2 net income $9.4M ($0.38 EPS) vs $2.4M a year ago; NIM expands to 3.45%
Primis Financial Corp.
- Net income $9.4M ($0.38 diluted EPS) vs $2.4M ($0.10) in Q2 2025; pre-tax pre-provision net income $11.7M.
- Net interest margin improved to 3.45% from 2.86% YoY; net interest income $33.8M, up 34%.
- Nonperforming assets fell 37% to $63M (1.45% of assets) from $100M at March 31, 2026.
- Declared $0.10 per share quarterly dividend, payable Aug 21, 2026 to holders of record Aug 7.
- Core consolidation initiative expected to add $6.1M in annual earnings improvements beginning late 2026.