Primis Financial (FRST) Q1 2026 Earnings: $7.3M Net Income Reported

AI Summary

Primis Financial (FRST) reported a Q1 2026 net income of $7.3 million, or $0.30 per share, down from $22.6 million, or $0.92 per share, in Q1 2025. However, on an operating basis, earnings rose by 126% to $0.33 per share. Loans increased by approximately 11.7% year-over-year to $3.4 billion, while the net interest margin expanded to 3.43%. Management anticipates further margin growth and targets a return of 12.5%+ on tangible common equity in the long term, highlighting strategic improvements and operational efficiencies.