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Dec 31, 2025
Primis Q4 2025 Earnings Report
Primis posted a strong Q4 turnaround with significant gains in net income and efficiency metrics.
Key Takeaways
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.
Revenue by Segment
Forward Guidance
Primis expects sustained profitability into 2026, aided by core banking strength, continued mortgage momentum, and digital platform scalability.
Positive Outlook
- Expected operating expense reduction to $23–$24 million quarterly.
- Panacea loan flow sales to enable high growth without balance sheet strain.
- V1BE technology being prepped for licensing to other banks.
- Digital deposit platform supports scalable funding.
- Continued margin tailwinds expected from recent balance sheet optimization.
Challenges Ahead
- Lease expense from sale-leaseback will increase going forward.
- Legal expenses from mortgage litigation affected Q4 but expected to normalize.
- Loan yield compression observed from recent rate cuts.
- Allowance for credit losses may fluctuate with Panacea and consumer portfolios.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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