Primis Financial Corp. delivered a profitable fourth quarter with $30 million in net income and marked improvements in net interest margin and efficiency, driven by mortgage growth and strategic balance sheet management.
Net income reached $30 million, a turnaround from a $23 million loss in Q4 2024.
Net interest income rose to $30.85 million with margin expanding to 3.28%.
Primis Mortgage volume surged to $378 million, up 84% YoY.
Noninterest income surged due to a $51 million gain on a sale-leaseback transaction.
Primis expects sustained profitability into 2026, aided by core banking strength, continued mortgage momentum, and digital platform scalability.
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