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Primis Financial Corp. FRST Primis Mortgage — Labor And Related Expense

Other segment segments

Primis Bank
$10.14M+11.0%

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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$400.51M+46.2%
Enterprise value$584.25M+206%
P/E7.5×-84.8×
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:LaborAndRelatedExpense.

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
Other noninterest income10,24640010,64613,04140013,441
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

ITEM 1 - FINANCIAL STATEMENTS

FAQ

What is Primis Financial Corp.'s primis mortgage — labor and related expense?
Primis Financial Corp. (FRST) reported primis mortgage — labor and related expense of $9.53M in Q2 2026.
How has Primis Financial Corp.'s primis mortgage — labor and related expense changed year-over-year?
Primis Financial Corp.'s primis mortgage — labor and related expense increased by 23.3% year-over-year, from $7.73M to $9.53M.
What is the long-term trend for Primis Financial Corp.'s primis mortgage — labor and related expense?
Over 3 years (2022 to 2025), Primis Financial Corp.'s primis mortgage — labor and related expense has grown at a 53.3% compound annual growth rate (CAGR), from $7.82M to $28.17M.
What does primis mortgage — labor and related expense mean?
Captures the total costs associated with personnel, including salaries, benefits, and incentives for employees supporting the mortgage segment. It is a primary driver of operating overhead and reflects the human capital investment required to maintain mortgage operations.

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