PRIMIS FINANCIAL CORP (FRST)
Financials · Regional community banking · NASDAQ
A $4B Virginia-based community bank combining traditional branch banking with digital innovation, healthcare-focused lending through Panacea Financial, and mortgage warehouse services for SMB and healthcare customers.
What PRIMIS FINANCIAL CORP does
Primis Financial Corp. is a bank holding company for Primis Bank, a Virginia state-chartered community bank serving individuals and small-to-medium-sized businesses across Virginia and Maryland with $4.0 billion in total assets as of December 31, 2025. The company operates 24 full-service branches and provides retail banking services, residential mortgage lending through its Primis Mortgage Company subsidiary, healthcare-focused lending through its Panacea Financial division, and mortgage warehouse lending to independent mortgage companies. The bank also offers digital banking services including an app-based fulfillment offering called V1BE and a digital deposit platform.
Themes: ["Community banking","SMB banking and lending","Residential mortgage lending","Healthcare-focused banking (Panacea Financial)","Digital banking / fintech adoption","Mortgage warehouse lending"]
Fundamentals
- Price$15.68 as of 2026-07-09 close
- Market cap$386M as of 2026-07-10
- 1-year return+40.1% as of 2026-07-09 close
- P/E8.38 as of 2026-07-10
- Net margin+3.5% as of 2026-07-10
- ROE+11.5% as of 2026-07-10
- Debt / equity0.20 as of 2026-07-10
- Revenue growth (YoY)+63.1% as of 2026-07-10
- Beta0.72 as of 2026-07-10
Dividend: yield +2.6%; 5-year non-decreasing per-share dividend streak (SEC XBRL).
Key risks (from latest filing)
["Interest rate risk: Given the bank's asset-liability structure with significant net interest income dependence, exposure to Federal Reserve monetary policy changes and FOMC decisions could impact net interest margins and profitability.","Credit risk: Concentration in mortgage lending (residential and warehouse) and loans to small-to-medium businesses exposes the company to regional economic downturns, particularly in Virginia and Maryland markets, and could trigger increases in allowance for credit losses.","Competitive and technology risk: As a mid-sized regional bank competing against larger national banks and digital-first fintech platforms, Primis faces ongoing pressure to maintain deposit gathering capabilities and customer retention through technological innovation and digital offerings."]
Competitors & peers
- Xenith Bankshares (now part of Union Bank)
- BBVA (regional Virginia presence)
- M&T Bank (regional mid-Atlantic presence)
- State Bank Financial Corporation
- Eastern Bank
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.