Primis Financial Q1 Operating Income Jumps 126% to $8.1M, Declares $0.10 Dividend
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Primis Financial Corp. reported strong first-quarter 2026 operating results, with operating net income surging 126% year-over-year to $8.1 million, or $0.33 per diluted share. Net interest income increased 22% to $32.1 million, and the net interest margin expanded to 3.43%. The company also declared a quarterly cash dividend of $0.10 per share. These results indicate significant progress on profitability initiatives, building on the turnaround reported in the 2025 10-K. The strong operational performance, coupled with growth in total assets and tangible book value per share, suggests a positive trajectory for the bank, potentially offsetting any concerns from recent insider selling activity. Traders will be watching for continued execution on these growth strategies.
At the time of this announcement, FRST was trading at $14.08 on NASDAQ in the Finance sector, with a market capitalization of approximately $343.8M. The 52-week trading range was $7.59 to $14.55. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.