Primis Financial stock, Primis Financial

Primis Financial stock: Q3 profit rises as mortgage weighs

Published on 11/03/2026 at 00:17 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Primis Financial stock is in focus after third-quarter profit rose 27 percent year over year. Mortgage weakness still weighed on returns.

Primis reports stronger core banking

Third-quarter net income rose to 8.7 million US dollars from 6.8 million US dollars a year earlier.
Net interest margin expanded to 3.66 percent, while mortgage-related pressure reduced profitability.
Primis declared a quarterly dividend of 0.10 US dollars payable on November 20.

Primis Financial stock, Primis Financial, third-quarter earnings, net interest margin, mortgage banking, dividend, Illustration mit AI erstellt.

Primis Financial Corp. reported stronger core banking results for the quarter ended September 30, 2026, while mortgage activity remained a drag. The company announced the figures on Thursday, October 22, in a Yahoo Finance page carrying the PR Newswire release.

Core margin expands despite mortgage pressure

Net income available to common shareholders reached 8.7 million US dollars, or 0.35 US dollars per diluted share, compared with 6.8 million US dollars, or 0.28 US dollars, in the third quarter of 2025. Operating net income rose 27 percent year over year.

Net interest income increased 25 percent to 36.3 million US dollars. Net interest margin widened to 3.66 percent from 3.18 percent a year earlier, or 3.59 percent after excluding approximately 0.7 million US dollars of interest recoveries from a previously charged-off loan.

Mortgage-related headwinds offset part of that progress. Primis said its retail mortgage pipeline fell 37 percent and that the mortgage division posted a pretax loss of approximately 0.3 million US dollars, compared with earnings of 1.9 million US dollars in the prior-year quarter.

Dividend sets the next investor date

The board declared a quarterly cash dividend of 0.10 US dollars per share. The payment is scheduled for November 20, 2026, for shareholders of record on November 6.

Asset quality improved year over year, with nonperforming assets excluding SBA guarantees at 1.43 percent of total assets versus 2.07 percent a year earlier. Tangible book value per common share rose 18 percent to 13.81 US dollars.

Banking model and operating footprint

Primis Financial is the holding company for Primis Bank, a state-chartered bank headquartered in Glen Allen, Virginia. The bank provides financial services to individuals and small and medium-sized businesses through branches in Virginia and Maryland, supplemented by online and mobile applications.

Its business lines include community banking, mortgage lending, mortgage warehouse finance, Panacea Financial for medical professionals and a digital deposit platform. The company reported 4.3 billion US dollars in total assets and 3.5 billion US dollars in deposits at September 30, 2026.