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

Other segment segments

Primis Bank
$2.09M+87.4%

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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 mortgage — income tax expense benefit?
Primis Financial Corp. (FRST) reported primis mortgage — income tax expense benefit of $617K in Q1 2026.
How has Primis Financial Corp.'s primis mortgage — income tax expense benefit changed year-over-year?
Primis Financial Corp.'s primis mortgage — income tax expense benefit increased by 174.2% year-over-year, from $225K to $617K.
What does primis mortgage — income tax expense benefit mean?
This figure reflects the income tax charges or credits specifically allocated to the mortgage banking segment. It represents the fiscal impact of the segment's operations on the company's overall tax liability. Monitoring this helps investors understand the effective tax burden associated with the mortgage business line.