Primis Financial swings to Q4 net income

Primis Financial

29/01/2026 22:10

Overview

U.S. financial services firm's posts Q4 net income of $29.54 mln vs a loss last year

EPS for Q4 improved to $1.20 from a loss of $0.94 last year

Company declared a quarterly cash dividend of $0.10 per share

Outlook

Primis Financial expects robust full-year profitability in 2026

Company plans to enhance V1BE service for licensing to other banks in 2026

Result Drivers

MORTGAGE GROWTH - Primis Mortgage closed volume increased 84% in Q4 2025 compared to Q4 2024, boosting pre-tax earnings

NONINTEREST INCOME - Noninterest income rose significantly, driven by a $51 mln gain from a sale leaseback transaction

DEPOSIT STRATEGY - Increased noninterest bearing deposits and reduced cost of deposits improved net interest margin

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 EPS
$1.20
Q4 Net Income
$29.54 mln
Q4 Dividend
$0.10


Press Release: ID:nPn25w46ba

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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.)