Primis Financial Q3 net income jumps on higher net interest margin, expects profitability growth in 2026

Primis Financial

23/10/2025 22:09

Overview

Primis Financial Q3 net income rises to $7 mln, showing substantial growth from 2024

Company's net interest margin improves to 3.18% in Q3 2025 from 2.97% in Q3 2024

Primis Financial declares quarterly cash dividend of $0.10 per share

Outlook

Primis expects further net interest margin improvement in Q4 2025 due to rate cuts

Company anticipates profitability growth into 2026 driven by business momentum

Primis plans to enhance V1BE service for licensing to other banks

Result Drivers

NET INTEREST MARGIN - Improved net interest margin driven by favorable deposit pricing and rebuilding of earning asset levels

OPERATING LEVERAGE - Revenue growth with minimal increase in operating expenses improved performance

MORTGAGE WAREHOUSE GROWTH - Expansion of mortgage warehouse lending significantly increased loan balances and net interest income

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 EPS
$0.28
Q3 Net Income
$7 mln
Q3 Net Interest Income
$29 mln
Q3 Dividend
$0.10


Analyst Coverage

The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the banks peer group is "buy."

Wall Street's median 12-month price target for Primis Financial Corp is $13.63, about 27.3% above its October 21 closing price of $9.90

The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 9 three months ago

Press Release: ID:nPn86fNdPa

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)