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Primis Financial (FRST)
NASDAQ:FRST
Earnings Data
Report Date
Jul 24, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.22Last Year’s EPS
0.32Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
Earnings Call Summary
Earnings Call Date:Apr 29, 2025
|% Change Since: 12.48%
|Next Earnings Date:Jul 24, 2025
Earnings Call Sentiment|Neutral
The call highlighted significant growth strategies and improvements in key segments like the Core Community Bank and Mortgage division, but also addressed challenges with consumer loan volatility, Panacea consolidation impact, and high digital core costs.Company Guidance
During the Primis Financial Corporation First Quarter Earnings Call, significant guidance was provided regarding the company's strategic focus on enhancing key financial metrics. The call highlighted three core strategies aimed at improving return on assets (ROA) by 20 to 25 basis points: growth in earning assets, expansion of the Mortgage division, and consolidation of core processing contracts. Primis anticipates $100 million growth from the core bank, $150 million in Warehouse, and $125 million from Panacea. The Mortgage division aims to add 20 basis points to ROA, driven by new teams and increased production capacity. Simplifying core processing is expected to boost ROA by 15 to 18 basis points. Despite challenges, the company maintains tight control over operating expenses, which remained flat compared to the previous year, and projects an exit rate of around $18 to $18.5 million per quarter by year-end. Net interest margin is expected to expand by 10 to 15 basis points by year-end, supported by favorable loan repricing and deposit cost management.Core Community Bank Growth
The Core Community Bank's customer pipeline tripled compared to last year, and loans increased by $25 million in April. Loan repricings were in the mid-7% range, with new deposit accounts under 2%.
Mortgage Division Expansion
The Mortgage division saw a 50% increase in pre-tax income per closed volume compared to 2024, and new teams were added, increasing production capacity by $500 million.
Earning Assets Growth Strategy
A strategy to grow earning assets by $375 million to reach the previous level, with expected growth from the core bank, Warehouse, and Panacea contributing $100 million, $150 million, and $125 million respectively.
Margin Improvement
Net interest margin improved to 3.15%, with core bank cost of deposits at 183 basis points and new loan yields over 7%.
Digital Platform Strategy
The digital platform funds Panacea’s excess lending and Mortgage Warehouse, expected to earn 1.5% and over 2% after-tax ROI respectively.
FRST Earnings History
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 |
|---|---|---|---|
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% |
Jul 25, 2024 | $12.49 | $12.78 | +2.32% |
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 Jul 24, 2025, TBA Not Confirmed.
What is Primis Financial (FRST) earnings time?
Primis Financial (FRST) earnings time is at Jul 24, 2025, TBA Not 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 (Q2) is 0.22.