Primis Financial Corp. (FRST)
NASDAQFinancialsBanks - RegionalSnapshot 2026-09-09
$15.96-0.93%
Close 2026-09-09 · 1-day change
NASDAQFinancialsBanks - RegionalSnapshot 2026-09-09
Broken: Primary pillar broken — EPS growth to at least $1.58 in 2026: FY26 EPS $1.39 vs $1.58 target.
Primis Financial is improving its profits, with net income rising from a loss of $31.8M in late 2025 to a gain of $7.3M in early 2026. The company has a stock buyback program for 750,000 shares, showing confidence in its value. Analysts expect earnings per share to grow to $1.58 in 2026. New board members bring strong financial experience.
The company still faces volatile management and loss-making history. Revenue is expected to decline nearly 19% next year. Profit gains may not sustain if growth stalls or costs rise. The stock trades at a premium to peers despite weak revenue outlook.
The market prices in about -19% revenue decline and a fair value near $15. Our view sees modest earnings growth but risks from volatile management and weak revenue. The price is slightly above fair value, reflecting stretched expectations.
Breaks if: no meaningful repurchases by end 2026
The company has authorized a stock repurchase program for up to 750,000 shares.
This is not a price target or investment advice.
A long-form read on the 1–3 year hold thesis. It updates when the weekly evidence changes.
This investment represents a moderate risk with a focus on the financial services sector. The current thesis state reflects a shift from robust performance to a more fragile outlook, influenced by recent earnings misses and management volatility.
The market seems to have priced in a neutral valuation compared to peers, with expectations slightly below average. There is a low fragility tier, indicating that while the stock is not under significant pressure, it is also not positioned for strong growth.
Management has prioritized achieving robust profitability and maintaining consistent dividends, but recent financial performance has been weak. The probability of missing earnings is notable, suggesting caution in the near term.
The thesis hinges on the performance of sector bellwethers and management's ability to stabilize earnings. If guidance is cut or if sector leaders begin to miss expectations, it could negatively impact FRST.
The most important moves since the prior daily snapshot.
Yes, our read has weakened. The reason to own FRST has weakened. Recent financial performance fell from the 97th to the 19th percentile of its sector. The latest earnings report showed a miss on expectations. This change indicates a decline in the company's standing among its peers.
as of 2026-09-09
Review the evidence to watch, what would become a concern, and what would make it less concerning.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Breaks if: EPS falls below $1.3 in FY26
Breaks if: net income falls below $0 in FY26
Continue executing growth and profitability initiatives to deliver strong operating results and maximize earnings in 2026.
Stated as a priority in 2 of last 2 quarters. Net income improved from $2.4M in 2025-Q2 to $9.4M in 2026-Q2, and ROA rose from 0.26% to 0.90% over the same period. However, net income declined from $22.6M in 2025-Q1 to $7.3M in 2026-Q1. Overall, management is delivering improved profitability in 2026-Q2 consistent with their stated plan.
“We delivered another quarter of improving results and continued momentum. Our ROA climbed to 0.90% in the second quarter, more than three times where it was a year ago.”
“We are excited to see the progress on our profitability initiatives in what is generally a seasonally slow quarter.”
In the next 1 to 3 years, FRST's outlook will depend on sector momentum and management execution. Not investment advice.