Primis Posts $8.7M Q3 Profit, Declares $0.10 Dividend
FRST sits 65% above its 52-week low of $9.66.
Summary
Primis earned $8.7 million ($0.35 per diluted share) in Q3 2026, up 27% year over year on a 3.66% net interest margin, and declared its 60th consecutive $0.10 quarterly dividend payable November 20.
Key Events · Earnings and Guidance · FRST
-
Q3 Net Income Rises 27%
Net income available to common shareholders was $8.7 million, or $0.35 per diluted share, versus $6.8 million, or $0.28, in Q3 2025.
-
Margin Expands to 3.66%
Net interest income rose 25% to $36.3 million from $29.0 million; margin was 3.59% excluding a $0.7 million interest recovery on a previously charged-off loan.
-
Mortgage Drag Caps Returns
A 37% drop in the retail mortgage pipeline cut revenue by $2.3 million versus Q2; ROAA was 0.80% against management's 1.00% target in a steady mortgage market.
-
$0.10 Dividend Declared
Payable November 20, 2026 to shareholders of record November 6, 2026 — the 60th consecutive quarterly dividend.
Analysis · FRST · Finance
Third-quarter net income of $8.7 million ($0.35 per diluted share) rose 27% from $6.8 million ($0.28) a year ago, and net interest margin widened to 3.66% from 3.18%. The core engine held up, but a 37% drop in the retail mortgage pipeline cut revenue by $2.3 million versus the second quarter and kept return on average assets at 0.80% instead of the 1.00% target management says a steady mortgage market would have delivered. Alongside the results, the board declared a $0.10 quarterly dividend — the 60th straight — payable November 20 to holders of record November 6, a modest but concrete return of capital while the mortgage drag persists.
How filings like this one have moved
In the 30 days to Oct 23, 2026, 29.6% of the 1590 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.25%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, FRST was trading at $15.94 on NASDAQ in the Finance sector, with a market capitalization of approximately $395.3M. The 52-week trading range was $9.66 to $16.88. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.