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Primis Financial Corp. FRST Primis Mortgage — Mortgage Banking Income

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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 frst:MortgageBankingIncome.

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
Provision (benefit) for credit losses(10)5,4625,45266,9957,001
Net interest income (loss) after provision for credit losses3,35326,507(1,557)28,3035,71356,495(3,380)58,828
Noninterest income:
Mortgage banking income11,38811,38822,14822,148
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

ITEM 1 - FINANCIAL STATEMENTS

FAQ

What is Primis Financial Corp.'s primis mortgage — mortgage banking income?
Primis Financial Corp. (FRST) reported primis mortgage — mortgage banking income of $11.39M in Q2 2026.
How has Primis Financial Corp.'s primis mortgage — mortgage banking income changed year-over-year?
Primis Financial Corp.'s primis mortgage — mortgage banking income increased by 35.7% year-over-year, from $8.39M to $11.39M.
What is the long-term trend for Primis Financial Corp.'s primis mortgage — mortgage banking income?
Over 3 years (2022 to 2025), Primis Financial Corp.'s primis mortgage — mortgage banking income has grown at a 87.0% compound annual growth rate (CAGR), from $5.06M to $33.03M.
What does primis mortgage — mortgage banking income mean?
Includes revenue generated from mortgage banking activities, such as loan origination fees, gains on the sale of mortgage loans, and servicing fees. It represents a key non-interest revenue stream driven by market activity and loan volume.

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