Primis Financial Reports Q1 2026 Results and Dividend

Primis Financial ( (FRST) ) has shared an update.

On April 23, 2026, Primis Financial reported first-quarter 2026 net income to common shareholders of $7.3 million, or $0.30 per diluted share, down from $22.6 million a year earlier, while operating net income rose to $8.1 million, or $0.33 per diluted share, from $3.6 million, highlighting underlying profitability gains. The company posted a 22% year-over-year increase in net interest income, stronger net interest margin, double-digit growth in assets, loans and deposits, and declared a quarterly cash dividend of $0.10 per share payable May 22, 2026 to shareholders of record on May 8, 2026.

Performance was driven by multiple business lines, including a 122% jump in Primis Mortgage volume, a 300% increase in mortgage warehouse balances, and continued rapid expansion at Panacea Financial, which now banks over 7,500 medical professionals nationwide. Management emphasized balance-sheet strength, low-cost and largely stable deposits across its core bank and digital platform, and indicated that progress on profitability initiatives in a seasonally slow quarter supports the company’s positioning for robust full-year 2026 returns for stakeholders.

The most recent analyst rating on (FRST) stock is a Buy with a $17.00 price target. To see the full list of analyst forecasts on Primis Financial stock, see the FRST Stock Forecast page.

Spark’s Take on FRST Stock

According to Spark, TipRanks’ AI Analyst, FRST is a Neutral.

The score is driven primarily by mixed fundamentals: a strong 2025 profitability rebound is offset by weak and worsening cash flow and rising debt. Valuation is a clear positive (low P/E and solid yield), while technical indicators remain soft. The latest earnings call was constructive with clear margin/ROA and growth targets, but credit and one-time-item noise temper confidence.

To see Spark’s full report on FRST stock, click here.

More about Primis Financial

Primis Financial Corp., parent of Primis Bank, operates as a community and digitally enabled bank serving Virginia, Maryland and national niche segments. Its primary businesses span core commercial and retail banking, residential mortgages, mortgage warehouse lending, and Panacea Financial, a nationwide platform focused on medical professionals, all funded by a proprietary digital deposit platform.

Average Trading Volume: 136,402

Technical Sentiment Signal: Buy

Current Market Cap: $345.8M

For a thorough assessment of FRST stock, go to TipRanks’ Stock Analysis page.