Primis Financial swings to Q4 net income
Overview
U.S. financial services firm's posts Q4 net income of $29.54 mln vs a loss last year
EPS for Q4 improved to $1.20 from a loss of $0.94 last year
Company declared a quarterly cash dividend of $0.10 per share
Outlook
Primis Financial expects robust full-year profitability in 2026
Company plans to enhance V1BE service for licensing to other banks in 2026
Result Drivers
MORTGAGE GROWTH - Primis Mortgage closed volume increased 84% in Q4 2025 compared to Q4 2024, boosting pre-tax earnings
NONINTEREST INCOME - Noninterest income rose significantly, driven by a $51 mln gain from a sale leaseback transaction
DEPOSIT STRATEGY - Increased noninterest bearing deposits and reduced cost of deposits improved net interest margin
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 EPS |
| $1.20 |
|
Q4 Net Income |
| $29.54 mln |
|
Q4 Dividend |
| $0.10 |
|
Press Release: ID:nPn25w46ba
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
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