Primis Financial (FRST) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date

Apr 23, 2026

After Close (Confirmed)

Period Ending

2026 (Q1)

Consensus EPS Forecast

0.26

Last Year’s EPS

0.14

Same Quarter Last Year

Analyst Consensus

―

Based on 0 Analysts Ratings

Earnings Call Summary

Q4 2025

Earnings Call Date:Jan 29, 2026|

% Change Since:

Earnings Call Sentiment|Positive

The call presents a fundamentally positive trajectory: margin expansion, strong deposit acquisition (including a meaningful increase in noninterest-bearing deposits), accelerating mortgage and warehouse businesses, and disciplined expense guidance underpin management's 1% ROA target for 2026. However, Q4 included one-time gains and restructure noise that inflate the quarter-over-quarter picture, provisions and special-mention loans warrant monitoring, and Q1 seasonality presents near-term risk. Overall, the positives around recurring margin improvement, deposit franchise strengthening, and scalable mortgage/warehouse growth outweigh the near-term noise and watch-list items.

Company Guidance

Management guided to a full-year 2026 target of a 1.0% ROA (they noted run‑rate earnings today of about $8.0M, roughly an 80 bps ROA on ~$4.0B of average assets) driven by margin expansion and disciplined expenses: Q4 NIM was 3.28% (up from 2.90% a year ago) and management expects mid‑3% to ~3.5% margins as they complete the securities restructuring and redeem $27M of subordinated debt (which would've added ~11 bps to Q4 NIM), while ~331M of loans repricing in 2026 at just under 5% and $40M of high‑cost deposits (≈80 bps above wholesale) rolling off should further help yields. They expect mortgage warehouse to average ~ $500M in 2026 (Q1 ~ $400M, peak > $600M), mortgage closed loans were ~$1.2B in 2025 (up 50% YoY) with retail production +84% YoY and management expects 40–50% higher closings next year with pretax contribution of roughly 50–60 bps on production. On funding and expense levers, deposits were up 10% annualized in Q4, noninterest‑bearing deposits ended the year at $554M (16% of total), core bank cost of deposits was 159 bps (total deposits 226 bps), provision was $2.4M in Q4, normalized core noninterest expense was roughly $21M and management is guiding quarterly core expenses of $23–24M in 2026 (inclusive of ~$1.5M quarterly lease expense) while aiming to be at or below the low end.

Strong Quarterly Earnings

Reported Q4 earnings of $29.5 million, or $1.20 per share, implying roughly a 3.0% ROA for the quarter.

Run-Rate Profitability Established

Management reports run-rate earnings of about $8 million, roughly an 80 basis point ROA on ~ $4.0 billion of average assets, forming the baseline for 2026 growth.

Net Interest Income and Margin Expansion

Net interest income rose to approximately $31 million in Q4 vs. $26 million a year ago. Net interest margin expanded to 3.28% in Q4 (up from 2.90% year-ago and 3.18% in prior quarter); management expects further margin expansion (adjusted for completed debt redemption and securities restructuring would be ~11 bps higher).

Material Deposit Growth and Improved Funding Mix

Checking accounts grew over 23% year-over-year (~$116 million). Noninterest-bearing deposits increased to $554 million (16% of total deposits) vs. $439 million (14%) at year-end 2024. Core bank cost of deposits was 159 bps in Q4 (down 14 bps linked quarter); total deposit cost 226 bps (down 20 bps linked quarter).

Earning Asset and Loan Growth

Earning assets grew $325 million for the year. Including Panacea loans sold, gross loans would have increased approximately 17% annualized in Q4; average earning assets rose ~13% annualized in the quarter.

Mortgage Business Momentum

Primis Mortgage closed ~ $1.2 billion of loans in 2025, a ~50% increase over 2024; Q4 mortgage revenue ~$10 million vs. $8.9 million in Q3. Management expects mortgage production and pretax margins to scale meaningfully in 2026 (guidance: 40–60 bps pretax on production as activity scales).

Warehouse Lending Upside

Average mortgage warehouse outstanding was $175 million in 2025; management forecasts warehouse to average ~$500 million in 2026 (seasonal peak > $600M), representing significant incremental profitability (warehouse previously noted as delivering >2% ROA at smaller scale).

Operating Leverage and Expense Normalization

Normalized core noninterest expense is approximately $21 million for Q4 after excluding mortgage/Panacea volatility and nonrecurring items. Management targets quarterly core expense range of $23–24 million in 2026 (including ~$1.5M quarterly lease cost) and believes it can hold or beat the low end.

Digital & Customer Acquisition Strength

Digital deposits totaled $903 million at year-end with >20,000 customers (roughly 15% within core footprint). Management maintained ~90% of digital balances through rate swings and added nearly 6,000 new customers in the year, driving long-term deposit growth and wallet expansion.

Capital & Strategic Actions

Completed sale-leaseback and announced a $27 million subordinated debt redemption (end of month), actions that management says reposition the franchise and support achieving a 1% ROA goal for 2026.

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
Apr 23, 2026	2026 (Q1)	0.26 / -	0.14	―	―	―
Jan 29, 2026	2025 (Q4)	0.34 / 0.10	-0.65	115.38% (+0.75)
Oct 23, 2025	2025 (Q3)	0.22 / 0.28	0.08	250.00% (+0.20)
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)

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
Jan 29, 2026	$13.58	$13.48	-0.74%
Oct 23, 2025	$9.61	$10.59	+10.20%
Jul 24, 2025	$11.48	$11.50	+0.17%
Apr 29, 2025	$8.10	$8.00	-1.23%

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 Apr 23, 2026, After Close (Confirmed).

What is Primis Financial (FRST) earnings time?

Primis Financial (FRST) earnings time is at Apr 23, 2026, 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 2026 (Q1) is 0.26.