Stock Data
$0.06 (0.38%)
Asset Type
Common Stock
Exchange
NASDAQ
Currency
USD
Country
USA
Sector
FINANCIAL SERVICES
Industry
BANKS - REGIONAL
Primis Financial Corp is a Virginia-based bank holding company offering a wide array of financial services primarily to individuals and small to medium-sized businesses. Its offerings include various deposit accounts, commercial and real estate loans, financing for specific professional sectors, and personal lending products. Additionally, Primis provides comprehensive cash management services, digital banking options, and operates full-service branches in Virginia and Maryland. Originally known as Southern National Bancorp of Virginia, the company rebranded to better reflect its mission and scope of services.
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%.
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