Primis Financial (FRST) Crushes Revenue by 62% in Q2 2026
As seen on the 24/7 Wall St. homepage on July 23, 2026.
Primis Financial matched EPS estimates while crushing revenue by 62%, posting $55.8M versus $34.4M consensus as net income nearly tripled on the strength of margin expansion and a $5.9M insurance sale gain. Net interest margin climbed to 3.45% from 2.86% year-over-year, fueling a return on average assets of 0.90%, more than triple the prior year's 0.26%.
Continue ReadingShow less
Primis Financial posted Q2 2026 revenue of $55.8 million, blowing past the $34.4 million consensus estimate by 62%. Net income nearly tripled during the quarter, driven by meaningful margin expansion and a $5.9 million gain from an insurance sale. The earnings per share figure of $0.38 came in slightly below the $0.41 estimate, but the headline miss on EPS was clearly overshadowed by the strength of the top line.
The standout metric underneath the revenue beat was net interest margin, which climbed to 3.45% from 2.86% a year earlier. That expansion fed directly into a return on average assets of 0.90%, more than triple the prior year's 0.26%, signaling a much more productive use of the bank's balance sheet compared with Q2 2025.
Sponsored
_________________________________
What's Your Number...?
Here's a question most people 5y from retirement can't answer: at your current savings rate, how much do you need, and how long will it actually last? A good advisor can put a date on that in a single meeting. SmartAsset's free quiz matches you with up to three fiduciary advisors serving your area, so you can get YOUR retirement number now (sponsor)
__________________________________________
Looking at the recent revenue trend, results have been uneven quarter to quarter — ranging from a low of $16.3 million in Q4 2024 to a high of $103.3 million in Q4 2025 — so Q2 2026's $55.8 million sits in the middle of that range rather than at a new peak. Investors will likely be watching whether margin improvement is durable enough to keep profitability metrics elevated even in quarters where revenue moderates.
Mentioned: FRST