Primis Q2 FY26 net income swings to USD 9 million; net interest margin widens 59 basis points to 3.45% vs Q2 FY25

Reuters2026/08/07 20:03

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Primis Financial swung to a GAAP quarterly profit, posting USD 9 million in net income, or USD 0.38 per share.
Net interest margin widened 59 basis points to 3.45%, lifting net interest income by USD 8.58 million versus the year-earlier quarter.
Provision for credit losses fell USD 2.85 million, reflecting improved Consumer Program delinquencies and a shift toward loan categories with lower reserve needs.
Noninterest income rose USD 4 million to USD 22.03 million on a USD 5.96 million gain from liquidating an insurance agency investment.
Loans held for investment climbed 6% to USD 3.5 billion, while deposits rose 1% to USD 3.45 billion and mortgage warehouse balances jumped 71% to USD 544 million.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Primis Financial Corp. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-26-092672), on August 07, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Primis Q2 FY26 net income swings to USD 9 million; net interest margin widens 59 basis points to 3.45% vs Q2 FY25

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