Primis Financial reports Q4 EPS $1.20 vs. last year

Tangible book value per share was $13.34 vs. $10.42 a year ago. Q4 net interest margin was 3.28% vs. 2.90% a year ago. Common equity tier 1 capital ratio was 9.53% vs. 8.62% a year ago. CEO Dennis Zember, Jr. stated, “We spent 2025 harvesting some of the embedded gains on our balance sheet and used those gains to reposition the company for 2026 and beyond. We rebuilt capital levels and tangible book value and eliminated the noise and excess exposure to the consumer loan portfolio. But the year was more about offense than defense, which is reflected in a substantial increase in earning assets and the portion funded with non-interest bearing demand deposits. The core bank along with all of our divisions had the best year in the last decade and are prepared to continue that momentum into 2026.”