10-Q quarterly report · filed Nov 10, 2025

Primis Financial Corp. (FRST) Q3 2025 10-Q Quarterly Report

Short answer

Primis Financial Corp. (FRST) filed its Q3 2025 10-Q quarterly report on Nov 10, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $52M (down 9.4% year over year) with net income of $7M.

Q3 2025 key financials · XBRL

Revenue
$52M
−9.4% YoY · +8.7% QoQ
Net income
$7M
+456.2% YoY · +180.3% QoQ
EPS (diluted)
$0.28
+460.0% YoY · +211.1% QoQ

Source: XBRL data from the Primis Financial Corp. (FRST) Q3 2025 10-Q on SEC EDGAR. USD.

Primis Financial Corp. Q3 2025 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • Third-quarter net income $7M vs $1M YoY, up $6M or 600%
  • Net interest margin 3.18% vs 2.97% YoY
  • Primis Mortgage funded volume $308M, up 34% YoY; earnings $2M
  • Mortgage Warehouse balances $327M, up 411% from December 2024
  • Nonperforming assets 2.07% vs 0.29% at December 2024, amid commercial loan deterioration

Risk Factors

  • No material changes to risk factors previously disclosed in the 2024 Form 10-K
  • Share-repurchase execution risk, with authorization expiring December 19, 2025
  • Regulatory and market-timing risk affecting repurchases under SEC rules and economic conditions
  • No newly added legal, compliance, operational, competitive, or financial risk identified in the filing

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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