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Primis Financial Corp. FRST Primis Bank — Information Technology And Data Processing

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$317K+65.1%

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Other financials

Income statement

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Revenue$55.8M+29.1%
Net income$9.4M+287%
EPS (diluted)$0.38+280%

Balance sheet

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Cash & equivalents$176.8M+88.0%
Total debt$360.6M+3,121%
Total equity$422.9M+20.2%
Total assets$4.4B+12.4%

Cash flow

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Operating cash flow-$5.7M+86.1%
CapEx$298.0K-31.3%
Free cash flow-$6.0M-366%

Valuation

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Market cap$404.28M+46.2%
Enterprise value$588.03M+206%
P/E7.6×-85.6×
P/S1.8×+0.3×

Profitability

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Net margin23.8%+22.1pp
FCF margin-25.1%

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:InformationTechnologyAndDataProcessing.

The source filing: Primis Financial Corp.’s 10-Q, filed August 7, 2026.

Filed
Aug 7, 2026, 4:01 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001104659-26-092672
($ in thousands)As of and for the three months ended June 30, 2026 / Primis MortgageAs of and for the three months ended June 30, 2026 / Primis BankAs of and for the three months ended June 30, 2026 / Other (1)As of and for the three months ended June 30, 2026 / ConsolidatedAs of and for the six months ended June 30, 2026 / Primis MortgageAs of and for the six months ended June 30, 2026 / Primis BankAs of and for the six months ended June 30, 2026 / Other (1)As of and for the six months ended June 30, 2026 / Consolidated Company
Total noninterest income11,38810,24640022,03422,14813,04140035,589
Noninterest expenses:
Salaries and benefits9,52910,13760120,26718,24120,73884439,823
Data processing expense3172,0252,3425833,9474,530
Other operating expenses1,59213,84715915,5983,09824,24826227,608
Total noninterest expenses11,43826,00976038,20721,92248,9331,10671,961
Income (loss) before income taxes3,30310,744(1,917)12,1305,93920,603(4,086)22,456
Income tax expense7691,5633722,7041,3863,6546785,718

ITEM 1 - FINANCIAL STATEMENTS

FAQ

What is Primis Financial Corp.'s primis bank — information technology and data processing?
Primis Financial Corp. (FRST) reported primis bank — information technology and data processing of $2.03M in Q2 2026.
How has Primis Financial Corp.'s primis bank — information technology and data processing changed year-over-year?
Primis Financial Corp.'s primis bank — information technology and data processing decreased by 28.8% year-over-year, from $2.85M to $2.03M.
What is the long-term trend for Primis Financial Corp.'s primis bank — information technology and data processing?
Over 3 years (2022 to 2025), Primis Financial Corp.'s primis bank — information technology and data processing has grown at a 18.7% compound annual growth rate (CAGR), from $5.92M to $9.89M.
What does primis bank — information technology and data processing mean?
This includes expenses related to the bank's digital infrastructure, software licensing, cybersecurity, and data management systems. As banking becomes increasingly digital, this metric reflects the bank's investment in technological capabilities and operational modernization. It is a critical indicator of the bank's commitment to maintaining competitive digital banking services.

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