What is Primis Financial Corp's earnings per share (EPS)?

Primis Financial Corp (FRST) reported diluted earnings per share of $2.49 for fiscal year 2025. This represents a 477.3% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Primis Financial Corp Financials

FRST

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Primis Financial Corp (FRST) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 26/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Growth

Primis Financial Corp's revenue declined 5% year-over-year, from $211.0M to $200.4M. This contraction results in a growth score of 25/100.

Leverage

Primis Financial Corp has elevated debt relative to equity (D/E of 8.57), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.

Cash Flow

Primis Financial Corp has a free cash flow margin of 4.5%, earning a moderate score of 36/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns

Primis Financial Corp's ROE of 14.5% shows moderate profitability relative to equity, earning a score of 43/100. This is up from -4.6% the prior year.

Piotroski F-Score Neutral

4/9

Primis Financial Corp passes 4 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Low Quality

0.18x

For every $1 of reported earnings, Primis Financial Corp generates $0.18 in operating cash flow ($10.8M OCF vs $61.4M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Key Financial Metrics

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Earnings & Revenue

Revenue

$200.4M

YoY-5.0%

5Y CAGR+11.2%

10Y CAGR+16.5%

Primis Financial Corp generated $200.4M in revenue in fiscal year 2025. This represents a decrease of 5.0% from the prior year.

EBITDA

N/A

Net Income

$61.4M

YoY+479.2%

5Y CAGR+21.7%

10Y CAGR+20.8%

Primis Financial Corp reported $61.4M in net income in fiscal year 2025. This represents an increase of 479.2% from the prior year.

EPS (Diluted)

$2.49

YoY+477.3%

5Y CAGR+21.0%

10Y CAGR+12.7%

Primis Financial Corp earned $2.49 per diluted share (EPS) in fiscal year 2025. This represents an increase of 477.3% from the prior year.

Cash & Balance Sheet

Free Cash Flow

$9.0M

YoY-50.7%

5Y CAGR-20.6%

10Y CAGR-2.7%

Primis Financial Corp generated $9.0M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 50.7% from the prior year.

Cash & Debt

$143.6M

YoY+122.6%

5Y CAGR-6.0%

10Y CAGR+16.8%

Primis Financial Corp held $143.6M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

$0.40

YoY+0.0%

5Y CAGR+0.0%

10Y CAGR+2.3%

Primis Financial Corp paid $0.40 per share in dividends in fiscal year 2025. This represents an increase of 0.0% from the prior year.

Shares Outstanding

25M

YoY-0.1%

5Y CAGR+0.3%

10Y CAGR+7.3%

Primis Financial Corp had 25M shares outstanding in fiscal year 2025. This represents a decrease of 0.1% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

30.6%

YoY+38.3pp

5Y CAGR+11.1pp

10Y CAGR+9.4pp

Primis Financial Corp's net profit margin was 30.6% in fiscal year 2025, showing the share of revenue converted to profit. This is up 38.3 percentage points from the prior year.

Return on Equity

14.5%

YoY+19.1pp

5Y CAGR+8.6pp

10Y CAGR+6.8pp

Primis Financial Corp's ROE was 14.5% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 19.1 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

$807K

10Y CAGR+1.1%

Primis Financial Corp spent $807K on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

Capital Expenditures

$1.7M

YoY+45.2%

5Y CAGR+9.9%

10Y CAGR+18.9%

Primis Financial Corp invested $1.7M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 45.2% from the prior year.

FRST Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$200.4M-5.0%	$211.0M+9.5%	$192.6M+56.2%	$123.3M+9.0%	$113.1M-3.9%	$117.7M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$89.0M-16.6%	$106.7M+13.7%	$93.9M+335.0%	$21.6M+13.4%	$19.0M-27.2%	$26.1M
Income Tax	$14.7M+447.2%	-$4.2M-297.2%	-$1.1M-133.5%	$3.2M-63.3%	$8.7M+109.7%	$4.1M
Net Income	$61.4M+479.2%	-$16.2M-106.9%	-$7.8M-155.4%	$14.1M-54.5%	$31.1M+35.4%	$23.0M
EPS (Diluted)	$2.49+477.3%	$-0.66-106.3%	$-0.32-156.1%	$0.57-54.8%	$1.26+31.3%	$0.96

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Revenue	$53.3M+3.0%	$51.8M+8.7%	$47.6M-0.2%	$47.7M-7.0%	$51.3M-10.2%	$57.1M+9.4%	$52.2M+3.7%	$50.3M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$22.5M-1.1%	$22.7M+1.3%	$22.4M+5.1%	$21.4M-15.4%	$25.2M-13.2%	$29.1M+6.4%	$27.3M+9.1%	$25.1M
Income Tax	$6.7M+252.6%	$1.9M+261.2%	$528K-90.5%	$5.6M+193.8%	-$5.9M-1846.4%	-$304K-124.0%	$1.3M+76.2%	$718K
Net Income	$29.5M+332.5%	$6.8M+180.3%	$2.4M-89.2%	$22.6M+197.0%	-$23.3M-2000.2%	$1.2M-64.3%	$3.4M+39.3%	$2.5M
EPS (Diluted)	N/A	$0.28+180.0%	$0.10-89.1%	$0.92	N/A	$0.05-64.3%	$0.14+40.0%	$0.10

FRST Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$4.0B+9.7%	$3.7B-4.3%	$3.9B+8.1%	$3.6B+4.7%	$3.4B+10.3%	$3.1B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$143.6M+122.6%	$64.5M-16.8%	$77.6M-0.4%	$77.9M-85.3%	$530.2M+170.2%	$196.2M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$93.5M0.0%	$93.5M0.0%	$93.5M-10.7%	$104.6M+2.6%	$102.0M0.0%	$102.0M
Total Liabilities	$3.6B+9.0%	$3.3B-3.9%	$3.5B+8.9%	$3.2B+6.1%	$3.0B+11.0%	$2.7B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$422.9M+20.2%	$351.8M-6.5%	$376.2M-3.3%	$389.0M-5.1%	$410.0M+5.4%	$388.8M
Retained Earnings	$109.6M+88.8%	$58.0M-31.0%	$84.1M-17.4%	$101.8M+4.4%	$97.6M+25.1%	$78.0M

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Total Assets	$4.0B+2.3%	$4.0B+2.1%	$3.9B+4.7%	$3.7B+0.2%	$3.7B-8.3%	$4.0B+1.5%	$4.0B+2.0%	$3.9B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$143.6M+124.8%	$63.9M-32.1%	$94.1M+64.9%	$57.0M-11.6%	$64.5M-16.5%	$77.3M+16.1%	$66.6M-25.0%	$88.7M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$93.5M0.0%	$93.5M0.0%	$93.5M0.0%	$93.5M0.0%	$93.5M0.0%	$93.5M0.0%	$93.5M0.0%	$93.5M
Total Liabilities	$3.6B+1.4%	$3.6B+2.2%	$3.5B+5.2%	$3.3B-0.1%	$3.3B-8.3%	$3.6B+1.6%	$3.6B+2.2%	$3.5B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$422.9M+10.7%	$382.2M+1.5%	$376.4M+0.2%	$375.6M+6.8%	$351.8M-7.7%	$381.0M+1.3%	$376.0M+0.4%	$374.6M
Retained Earnings	$109.6M+32.8%	$82.5M+5.6%	$78.2M0.0%	$78.2M+34.7%	$58.0M-30.8%	$83.9M-1.5%	$85.1M+1.1%	$84.1M

FRST Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$10.8M-44.9%	$19.5M-32.2%	$28.8M+131.8%	$12.4M-55.0%	$27.6M-6.9%	$29.7M
Capital Expenditures	$1.7M+45.2%	$1.2M-37.9%	$1.9M+90.1%	$1.0M-58.8%	$2.5M+127.0%	$1.1M
Free Cash Flow	$9.0M-50.7%	$18.3M-31.8%	$26.9M+135.5%	$11.4M-54.6%	$25.2M-12.0%	$28.6M
Investing Cash Flow	-$158.2M-246.1%	$108.3M+134.6%	-$312.8M+49.3%	-$616.9M	N/A	-$204.3M
Financing Cash Flow	$226.6M+260.8%	-$140.9M-149.7%	$283.6M+86.5%	$152.1M-48.6%	$296.2M-12.6%	$338.9M
Dividends Paid	$9.9M-0.2%	$9.9M+0.2%	$9.9M+0.2%	$9.9M+0.5%	$9.8M+0.7%	$9.7M
Share Buybacks	$807K	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Operating Cash Flow	$28.7M+352.5%	-$11.4M+72.2%	-$41.0M-219.2%	$34.4M+190.9%	-$37.8M-724.7%	$6.1M-88.4%	$52.3M+5515.8%	-$965K
Capital Expenditures	N/A	N/A	N/A	N/A	$1.2M	$0	$0	$0
Free Cash Flow	N/A	N/A	N/A	N/A	-$39.0M-744.4%	$6.1M-88.4%	$52.3M+5515.8%	-$965K
Investing Cash Flow	$55.3M+159.0%	-$93.6M-1.1%	-$92.6M-239.0%	-$27.3M-108.3%	$328.0M+815.8%	-$45.8M+68.9%	-$147.5M-460.0%	-$26.3M
Financing Cash Flow	-$4.3M-105.7%	$74.8M-56.2%	$170.6M+1272.7%	-$14.5M+95.2%	-$302.9M-700.3%	$50.5M-31.0%	$73.1M+90.0%	$38.5M
Dividends Paid	$2.5M0.0%	$2.5M-0.4%	$2.5M0.0%	$2.5M0.0%	$2.5M0.0%	$2.5M+0.1%	$2.5M-0.2%	$2.5M
Share Buybacks	$0	$0	N/A	N/A	N/A	$0	N/A	N/A

FRST Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	30.6%+38.3pp	-7.7%-3.6pp	-4.1%-15.6pp	11.5%-16.0pp	27.5%+8.0pp	19.5%
Return on Equity	14.5%+19.1pp	-4.6%-2.5pp	-2.1%-5.7pp	3.6%-3.9pp	7.6%+1.7pp	5.9%
Return on Assets	1.5%+2.0pp	-0.4%-0.2pp	-0.2%-0.6pp	0.4%-0.5pp	0.9%+0.2pp	0.7%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	8.57-0.9	9.45+0.3	9.20+1.0	8.17+0.9	7.31+0.4	6.94
FCF Margin	4.5%-4.2pp	8.7%-5.3pp	14.0%+4.7pp	9.3%-13.0pp	22.2%-2.0pp	24.3%

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	55.4%+42.2pp	13.2%+8.1pp	5.1%-42.3pp	47.4%+92.9pp	-45.5%-47.6pp	2.1%-4.4pp	6.6%+1.7pp	4.9%
Return on Equity	7.0%+5.2pp	1.8%+1.1pp	0.7%-5.4pp	6.0%+12.7pp	-6.6%-6.9pp	0.3%-0.6pp	0.9%+0.3pp	0.7%
Return on Assets	0.7%+0.6pp	0.2%+0.1pp	0.1%-0.6pp	0.6%+1.2pp	-0.6%-0.7pp	0.0%-0.1pp	0.1%+0.0pp	0.1%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	8.57-0.8	9.35+0.1	9.29+0.4	8.84-0.6	9.45-0.1	9.52+0.0	9.50+0.2	9.33
FCF Margin	N/A	N/A	N/A	N/A	-76.0%-86.6pp	10.6%-89.5pp	100.1%+102.0pp	-1.9%

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Frequently Asked Questions

What is Primis Financial Corp's annual revenue?

Primis Financial Corp (FRST) reported $200.4M in total revenue for fiscal year 2025. This represents a -5.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Primis Financial Corp's revenue growing?

Primis Financial Corp (FRST) revenue declined by 5% year-over-year, from $211.0M to $200.4M in fiscal year 2025.

Is Primis Financial Corp profitable?

Yes, Primis Financial Corp (FRST) reported a net income of $61.4M in fiscal year 2025, with a net profit margin of 30.6%.

What is Primis Financial Corp's net profit margin?

Primis Financial Corp (FRST) had a net profit margin of 30.6% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Primis Financial Corp pay dividends?

Yes, Primis Financial Corp (FRST) paid $0.40 per share in dividends during fiscal year 2025.

What is Primis Financial Corp's return on equity (ROE)?

Primis Financial Corp (FRST) has a return on equity of 14.5% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Primis Financial Corp's free cash flow?

Primis Financial Corp (FRST) generated $9.0M in free cash flow during fiscal year 2025. This represents a -50.7% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Primis Financial Corp's operating cash flow?

Primis Financial Corp (FRST) generated $10.8M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Primis Financial Corp's total assets?

Primis Financial Corp (FRST) had $4.0B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Primis Financial Corp's capital expenditures?

Primis Financial Corp (FRST) invested $1.7M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Does Primis Financial Corp buy back shares?

Yes, Primis Financial Corp (FRST) spent $807K on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Primis Financial Corp have outstanding?

Primis Financial Corp (FRST) had 25M shares outstanding as of fiscal year 2025.

What is Primis Financial Corp's debt-to-equity ratio?

Primis Financial Corp (FRST) had a debt-to-equity ratio of 8.57 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Primis Financial Corp's return on assets (ROA)?

Primis Financial Corp (FRST) had a return on assets of 1.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Primis Financial Corp's Piotroski F-Score?

Primis Financial Corp (FRST) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Primis Financial Corp's earnings high quality?

Primis Financial Corp (FRST) has an earnings quality ratio of 0.18x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Primis Financial Corp?

Primis Financial Corp (FRST) scores 26 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.