Primis Financial Corp. filed its Form 10-Q with the SEC on November 9, 2026, reporting unaudited financial results for the quarterly period ended September 30, 2026, under NASDAQ:FRST.

Key Highlights

  • Total assets of $4.299 billion at September 30, 2026, up from $4.047 billion at December 31, 2025, according to the filing.
  • Net loans of $3.454 billion at September 30, 2026, compared to $3.238 billion at December 31, 2025, the company disclosed.
  • Total deposits of $3.473 billion at the end of the quarter, rising from $3.396 billion at year-end 2025, per the filing.
  • FHLB advances increased to $220.0 million at September 30, 2026, from $25.0 million at December 31, 2025, the registrant reported.
  • Interest and fees on loans of $55.796 million for the three months ended September 30, 2026, versus $48.857 million in the same period of 2025, according to the filing.
  • Retained earnings of $127.509 million at September 30, 2026, compared to $109.617 million at December 31, 2025, the company disclosed.
  • 24,799,072 shares of common stock outstanding as of November 2, 2026, per the filing.

Primis Financial Corp. Balance Sheet and Income Overview, September 30, 2026

Primis Financial Corp. (NASDAQ:FRST), a Virginia-incorporated bank holding company headquartered at 1676 International Drive, Suite 900, McLean, Virginia, reported total assets of $4,299,526 thousand at September 30, 2026, an increase from $4,047,388 thousand at December 31, 2025, according to the unaudited condensed consolidated balance sheets included in the filing. Total cash and cash equivalents stood at $165,085 thousand at the end of the quarter, up from $143,607 thousand at year-end 2025.

The company's loan portfolio grew over the period. Loans held for investment reached $3,485,953 thousand at September 30, 2026, compared to $3,268,840 thousand at December 31, 2025, the registrant disclosed. The allowance for credit losses was $45,567 thousand at September 30, 2026, down from $45,883 thousand at December 31, 2025. Total loans held for sale were $161,449 thousand, comprised of $116,437 thousand at fair value and $45,012 thousand at lower of cost or market, the filing stated. On the liability side, senior subordinated notes declined to $59,440 thousand from $86,233 thousand at year-end 2025, while FHLB advances rose sharply to $220,000 thousand from $25,000 thousand over the same interval.

For the nine months ended September 30, 2026, interest and fees on loans totaled $158,857 thousand, compared to $138,538 thousand for the nine months ended September 30, 2025, according to the income statement. For the three months ended September 30, 2026, the same line item was $55,796 thousand, up from $48,857 thousand in the prior-year quarter. Total stockholders' equity attributable to Primis shareholders was $435,832 thousand at September 30, 2026, versus $422,896 thousand at December 31, 2025, the filing reported. Accumulated other comprehensive loss widened to $(8,603) thousand from $(2,670) thousand at year-end 2025.

What Was Disclosed

Primis Financial Corp. filed its quarterly report covering the period ended September 30, 2026, disclosing unaudited condensed consolidated balance sheets, income statements, and statements of cash flows, together with management's discussion and notes to the financial statements.