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Primis Financial Corp. FRST Primis Bank — Income Tax Expense Benefit

Other segment segments

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$617K+174%

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Other financials

Income statement

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Revenue$45.6M-22.3%
Net income$7.3M-67.7%
EPS (diluted)$0.30-67.4%

Balance sheet

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Cash & equivalents$159.9M+180%
Total debt$290.8M+2,399%
Total equity$422.9M+20.2%
Total assets$4.3B+15.1%

Cash flow

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Operating cash flow-$54.4M-258%
CapEx$204.0K-52.9%
Free cash flow-$54.6M-2,516%

Valuation

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Market cap$390.16M+58.3%
Enterprise value$521.11M+159%
P/E8.5×-53.7×
P/S1.9×+0.4×

Profitability

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Net margin21.9%+19.6pp
FCF margin-22.7%

Returns & leverage

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Return on equity15.9%+13.0pp
Debt / equity0.2×+0.2×

Where this comes from

Reported directly by Primis Financial Corp. in its filing.

Tagged under the XBRL concept us-gaap:IncomeTaxExpenseBenefit.

The official record: Primis Financial Corp.’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Primis Financial Corp.'s primis bank — income tax expense benefit?
Primis Financial Corp. (FRST) reported primis bank — income tax expense benefit of $2.09M in Q1 2026.
How has Primis Financial Corp.'s primis bank — income tax expense benefit changed year-over-year?
Primis Financial Corp.'s primis bank — income tax expense benefit increased by 87.4% year-over-year, from $1.12M to $2.09M.
What is the long-term trend for Primis Financial Corp.'s primis bank — income tax expense benefit?
Over 2 years (2022 to 2025), Primis Financial Corp.'s primis bank — income tax expense benefit has grown at a 42.4% compound annual growth rate (CAGR), from $5.35M to $10.83M.
What does primis bank — income tax expense benefit mean?
This represents the provision for income taxes or the benefit derived from tax credits associated with the banking segment's operations. It reflects the fiscal impact of the segment's earnings on its overall financial contribution to the holding company.