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Primis Financial Corp. (FRST) stock analysis

FRSTNasdaqState Commercial BanksFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Nov 9, 2026Score 17/30
$14.64−0.09 (-0.61%)

Close on Nov 12, 2026Market cap $363.06MP/E 6.6Yield 2.73%

StockData Score

Prices as of Nov 11, 2026How the score works

Value3Growth4Performance4Health3Dividend3

Solid17 of 30 checks passed

Primis Financial passes 17 of the 30 checks behind our score; 8 could not be run for lack of data and count as not passed. Each dot in the shape is one check — hover it for the numbers.

Valuation
3/6
Growth
4/6
Past performance
4/6
Financial health
3/6
Dividend
3/6

What stands out

  • Earnings grew over 5 years

    Net income grew 21.7% a year on average over the last five fiscal years.

  • Revenue growing 10%+ a year

    Revenue grew 23.1% a year over the last three fiscal years.

  • EPS growing 10%+ a year

    Diluted EPS grew 63.5% a year over the last three fiscal years.

  • Earnings growth accelerating

    Net income grew 541% over the last twelve months, against a 5-year average of 21.7% a year.

What to watch

  • Return on equity under 15%

    Return on equity was 14.4% over the last twelve months and averaged 4.1% over five years; we look for 15% on both.

  • Net margin below the industry

    Primis Financial's net margin of 23.7% is below the Commercial Banks median of 30.3%.

  • High cost base

    Non-interest expense takes 65.3% of revenue; under 60% is efficient for a bank.

  • Yield below Treasuries

    The 2.7% yield is below the 4.4% on a 1-year Treasury.

Valuation3/6

  • P/E below its 5-year median

    Primis Financial's P/E of 6.6 is below its own 5-year median of 13.6.

  • P/E below the industry

    Primis Financial's P/E of 6.6 is below the Commercial Banks median of 12.1.

  • P/S below the industry

    Primis Financial's price-to-sales of 1.58 is below the Commercial Banks median of 3.60.

  • P/B against the industry

    Needs positive book value.

  • Price against fair value

    We could not estimate a fair value: it needs at least two valuation methods with positive inputs.

  • Margin of safety

    Depends on the fair value estimate.

Growth4/6

  • Revenue growing 10%+ a year

    Revenue grew 23.1% a year over the last three fiscal years.

  • EPS growing 10%+ a year

    Diluted EPS grew 63.5% a year over the last three fiscal years.

  • Earnings growth accelerating

    Net income grew 541% over the last twelve months, against a 5-year average of 21.7% a year.

  • Growing faster than the industry

    Revenue grew 27.4% over the last twelve months; the Commercial Banks median is 11.3%.

  • Guidance issued

    The latest outlook (early in 2027 annualized savings from vendor consolidation and statement services, Oct 23, 2026) was issued for the first time, so it neither adds nor takes away points.

  • Gross margin trend

    Banks and insurers do not report gross profit.

Past performance4/6

  • Return on equity under 15%

    Return on equity was 14.4% over the last twelve months and averaged 4.1% over five years; we look for 15% on both.

  • Return on assets over 1%

    Return on assets was 1.3%; for a bank or insurer, 1% or more is considered good.

  • Return on equity above the industry

    Primis Financial's return on equity of 14.4% is above the Commercial Banks median of 11.5%.

  • Earnings grew over 5 years

    Net income grew 21.7% a year on average over the last five fiscal years.

  • Net margin above its 5-year average

    Net margin was 23.7% over the last twelve months, against a 5-year average of 10.5%.

  • Net margin below the industry

    Primis Financial's net margin of 23.7% is below the Commercial Banks median of 30.3%.

Financial health3/6

  • Well capitalized

    Needs equity and total assets.

  • Loans funded by deposits

    Loans equal 99.5% of deposits, so lending is funded by customer deposits.

  • Adequate loan-loss reserve

    The allowance for credit losses is 1.3% of loans; we look for at least 1%.

  • High cost base

    Non-interest expense takes 65.3% of revenue; under 60% is efficient for a bank.

  • Deposits growing

    Deposits grew 4.1% over the past year.

  • Borrowings

    Needs debt and equity figures.

Dividend3/6

  • Pays a dividend

    Primis Financial paid dividends worth 2.7% of the share price over the last twelve months.

  • Yield below Treasuries

    The 2.7% yield is below the 4.4% on a 1-year Treasury.

  • Yield below the top quarter

    The top quarter of US dividend payers yield 3.8% or more; Primis Financial yields 2.7%.

  • Dividend not cut

    The dividend per share has not fallen by more than 10% in any of the last 10 fiscal years.

  • Covered by earnings

    Dividends take 18.2% of net income.

  • Cash-flow cover

    Needs dividends paid and free cash flow.

Scores of similar companies

Fair value

How we estimate it

We don't publish a fair value for Primis Financial. It needs a US-dollar share price, at least two valuation methods with positive inputs (earnings, EBITDA, book value or sales) and, for companies with several share classes, classes that trade at the same price.

Valuation over time

Using the earnings and balance sheet published at each date, not today's.

  • P/E at month end
  • Own 5-year median 13.6
  • Commercial Banks median 12.1

An estimate from reported numbers and market multiples, not a price target or investment advice. It can be far off for companies whose profits are about to change sharply.

Market risk

From the past year of daily prices.

Liquidity

Medium risk

Average value traded per day
$2.18M
Value traded per 1% price move
$2.09M

Downside

Low risk

Typical loss in a bad month
8.5%
Volatility (annualized)
26%
Sharpe ratio, 1 year
1.21
Beta to the S&P 500 (5Y)
0.69

Typical bad-month loss, week by week

25%: high

Margins

Share of revenue, fiscal years 2011 to 2025

Net margin

27.5%+5.8 pts over 5 years

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