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Primis Financial Corp. FRST Primis Mortgage — Noninterest Expense

Other segment segments

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$26.01M+16.1%

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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:NoninterestExpense.

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
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
Net income (loss) attributable to Primis' common stockholders$2,534$9,181$(2,289)$9,426$4,553$16,949$(4,764)$16,738
Total assets$236,116$4,325,080$(207,582)$4,353,614$236,116$4,325,080$(207,582)$4,353,614

ITEM 1 - FINANCIAL STATEMENTS

FAQ

What is Primis Financial Corp.'s primis mortgage — noninterest expense?
Primis Financial Corp. (FRST) reported primis mortgage — noninterest expense of $11.44M in Q2 2026.
How has Primis Financial Corp.'s primis mortgage — noninterest expense changed year-over-year?
Primis Financial Corp.'s primis mortgage — noninterest expense increased by 24.6% year-over-year, from $9.18M to $11.44M.
What is the long-term trend for Primis Financial Corp.'s primis mortgage — noninterest expense?
Over 3 years (2022 to 2025), Primis Financial Corp.'s primis mortgage — noninterest expense has grown at a 52.7% compound annual growth rate (CAGR), from $9.36M to $33.31M.
What does primis mortgage — noninterest expense mean?
The total of all operating costs required to run the mortgage segment, excluding interest expenses. This is a critical metric for evaluating the overall cost structure and operational efficiency of the mortgage business.

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