The earnings call highlighted strong financial performance and strategic growth initiatives, particularly in digital platforms and mortgage services. Despite some challenges with consumer program volatility, the company is well-positioned for continued growth with cost-saving measures and a strong market position in specialized banking services.

Company Guidance -

Q3 2025

During the Primis Financial Corp. second quarter earnings call for fiscal year 2025, several key metrics and strategic initiatives were highlighted. The company reported a net income of $8.4 million, or $0.34 per share, with a pretax gain of $7.5 million from a portion of its interest in Panacea Financial Holdings. Notably, they achieved an incremental margin in the mid-4% range, maintaining operating expenses at a steady to declining state. The core net interest margin was reported at 3.15%, with the cost of deposits at an attractive 2.89%, a 32% reduction from the same quarter last year. The company projected a 12% annualized loan growth, driven by divisions like Panacea and Primis Mortgage, which closed $323 million in the quarter, up 52% from the previous year. Additionally, Primis highlighted a negotiated savings of $300,000 per month with a core provider, expected to increase to $600,000 by early 2027, contributing to their strategy of maintaining operating expenses around $18 million per quarter by 2026.

Strong Net Income and Earnings

Primis Financial Corp. reported $8.4 million in net income or $0.34 per share for the second quarter, reflecting strong financial performance.

Improved Operating Leverage

The company achieved wide operating leverage with incremental margins in the mid-4% range and steady to declining operating expenses.

Digital Platform Success

The digital platform raised $36 million nationwide at 4.06% and led to effective deposit cost reduction to 2.89%, which is 32% lower than the same quarter last year.

Mortgage Growth

Primis Mortgage closed about $323 million in the quarter, up 52% from the same quarter in 2024, demonstrating strong growth.

Cost Reduction Initiatives

The company negotiated a solution with its core provider to save about $300,000 per month starting in August and expects additional technology-oriented savings.

Panacea Financial Performance

Panacea grew to over $500 million in outstanding credit and was rated the #1 bank for doctors on Google, illustrating strong performance and market recognition.

Loan Growth

Gross loans held for investment increased almost 12% annualized from March 31 to June 30, with a focus on high-yield earning assets.

Primis Financial (FRST) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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FRST Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 23, 2025	2025 (Q3)	0.20 / -	0.08	―	―	―
Jul 24, 2025	2025 (Q2)	0.21 / 0.11	0.32	-65.63% (-0.21)
Apr 29, 2025	2025 (Q1)	0.25 / 0.14	0.26	-46.15% (-0.12)	―
Jan 28, 2025	2024 (Q4)	0.11 / -0.65	0.35	-285.71% (-1.00)
Oct 24, 2024	2024 (Q3)	0.43 / 0.08	0.32	-75.00% (-0.24)
Jul 25, 2024	2024 (Q2)	0.39 / 0.32	0.04	700.00% (+0.28)	―
Apr 25, 2024	2024 (Q1)	0.34 / 0.26	0.23	13.04% (+0.03)	―
Jan 25, 2024	2023 (Q4)	0.28 / 0.35	0.03	1066.67% (+0.32)
Oct 26, 2023	2023 (Q3)	0.18 / 0.32	0.21	52.38% (+0.11)
Jul 27, 2023	2023 (Q2)	0.25 / 0.04	0.24	-83.33% (-0.20)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

FRST Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 24, 2025	$11.69	$11.72	+0.26%
Apr 29, 2025	$8.25	$8.15	-1.21%
Jan 28, 2025	$11.21	$10.39	-7.31%
Oct 24, 2024	$11.48	$11.04	-3.83%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Primis Financial Corp. (FRST) report earnings?

Primis Financial Corp. (FRST) is schdueled to report earning on Oct 23, 2025, After Close (Confirmed).

What is Primis Financial Corp. (FRST) earnings time?

Primis Financial Corp. (FRST) earnings time is at Oct 23, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is FRST EPS forecast?

FRST EPS forecast for the fiscal quarter 2025 (Q3) is 0.2.

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