The earnings call for Primis Financial showed strong financial performance in terms of net income growth, deposit growth, operational efficiency, and expansion of key segments like Primis Mortgage and Panacea Financial. However, challenges remain with interest reversals affecting net interest income and issues with the consumer program causing some financial noise. Overall, the positive aspects significantly outweigh the minor challenges.

Company Guidance

During the Primis Financial Corp. second quarter earnings call for fiscal year 2025, several key metrics were highlighted. The company reported a net income of $8.4 million, or $0.34 per share, with incremental margins in the mid-4% range. Operating expenses are being maintained in a steady to declining state, aided by a cost-saving solution negotiated with their core provider, expected to save about $300,000 per month starting in August. Primis Mortgage closed approximately $323 million in the quarter, a 52% increase from the same period last year. Additionally, the core bank's return on assets (ROA) was about 1.38%, with a low cost of deposits at 1.75%. The company is targeting $600,000 in monthly savings by early 2027 through technology-oriented savings and vendor consolidations, while noninterest income was reported at $10.6 million. Looking forward, Primis Financial anticipates its pretax pre-provision earnings to grow to over $13 million by 2026, aiming for a 1% ROA, with strategic focus on maintaining wide operating leverage and low-cost deposit growth.

Strong Net Income Growth

Primis Financial reported net income of $8.4 million or $0.34 per share for the second quarter, showcasing a significant improvement in profitability.

Significant Deposit Growth

The company grew checking accounts by almost 18% annualized, with the effective cost of deposits being 32% lower than the same quarter a year ago.

Operational Efficiency and Cost Savings

Operating leverage is high with incremental margins in the mid-4% range. The company expects to save about $300,000 a month starting in August, with additional technology-oriented savings reaching $600,000 per month in early 2027.

Expansion of Primis Mortgage

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

Panacea Financial Growth

Panacea Financial is rated #1 bank for doctors on Google and grew to over $500 million in outstanding credit, demonstrating its strong market position.

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)	0.22 / -	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	$11.58	$11.61	+0.26%
Apr 29, 2025	$8.18	$8.08	-1.22%
Jan 28, 2025	$11.11	$10.30	-7.29%
Oct 24, 2024	$11.37	$10.94	-3.78%

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 (FRST) report earnings?

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

What is Primis Financial (FRST) earnings time?

Primis Financial (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 0.22.

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