Primis Financial Corp. Common Stock (FRST)

FairStock Score: 79/100 — HIGH CONVICTION

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I look at Primis Financial as a small regional bank holding company, the kind of business where durable competitive advantages are rare; deposits and loans are largely commodities. The reported record is a turnaround. In FY2025, the year ended 2025-12-31, it earned $61.4 million, or $2.49 per diluted share, after losing $16.2 million in FY2024 and $7.8 million in FY2023. More recently, in fiscal Q2 2026, the quarter ended 2026-06-30, net income was $9.4 million and diluted EPS $0.38, up from $2.4 million and $0.10 in fiscal Q2 2025. That is real improvement, though one quarter does not make a franchise. Valuation is where the interest lies. At the 2026-10-13 close of $15.37, FairStock calculates a P/E of 7.12 and P/B of 0.88; ROE is 13.11% on its calculation. A bank earning 13% on equity and trading below book can be a bargain if the loan book is sound and earnings are sustainable. The 2.60% dividend yield and beta of 0.72 add some comfort, and the FairStock Lynch category is TURNAROUND because it returned to profit after losses within three years. But I cannot verify the critical bank-specific risks from these figures. CET1, NIM, nonperforming loans, charge-offs, reserves and efficiency ratio are absent. The Piotroski F-Score of 3/9 suggests weak financial-signal quality, and the data sheet's negative growth metrics conflict with the quarterly recovery. Price-to-book below one may be a discount or a warning. I would want proof that FY2025's earnings and the recent quarterly run-rate are repeatable before trusting the apparent cheapness.

In plain English: Primis Financial is a bank holding company for Primis Bank, serving individuals and small and medium-sized businesses. It lost money in 2023 and 2024, but earned $61.4 million in 2025 and $9.4 million in the latest quarter, so the business looks much stronger than it did. At $15.37, the shares look inexpensive compared with recent profits and accounting net assets, though loan and capital risks are not visible in the data.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer