Christopher Marinac

Russell Gunther

Nicholas Lorenzoni

- Primis Financial Corp. reported **net earnings of $6.8 million** and **$0.28 per share** for Q3 2025, with a reported **Return on Assets (ROA) of 70 basis points** and an adjusted ROA of approximately **90 basis points**.  **[0001325670_2202922_1]** **[0001325670_2202922_5]** 
- The company's **Net Interest Margin (NIM) improved to 3.18%** in Q3 2025, up from 2.86% in the prior quarter, driven by a **16% year-over-year growth in non-interest-bearing checking accounts** and a nearly **20% reduction in the cost of deposits**.  **[0001325670_2202922_1]** **[0001325670_2202922_4]** 
- Gross loans held for investment increased almost **9% annualized**, or approximately **15% annualized** including reclassified Panacea loans, while average earning assets grew **10% annualized** in Q3 2025.  **[0001325670_2202922_4]** 
- Key growth drivers include the Mortgage Warehouse division, with average balances of **$210 million** and **$1.6 million in pre-tax earnings**, and the Panacea Financial Division, which saw loan balances rise to **$530 million** and deposits increase **50% year-over-year to $132 million**.  **[0001325670_2202922_2]** 
- Management aims for a **1% ROA** and expects the **net interest margin to reach 3.30%** by early 2026, with a medium-term goal of non-interest-bearing deposits comprising **20% of total deposits**.  **[0001325670_2202922_1]** **[0001325670_2202922_5]** **[0001325670_2202922_6]**

Primis Financial Corp. Reports Strong Q3 2025 Earnings with Improved Profitability and Loan Growth

- Primis Financial Corp. reported **net earnings of $6.8 million** and **$0.28 per share** for Q3 2025, with a reported **Return on Assets (ROA) of 70 basis points**, which would be approximately **90 basis points** on an adjusted basis.  **[0001325670_2202311_1]** **[0001325670_2202311_5]** 
- The **net interest margin improved to 3.18%** in Q3 2025, up from 2.86% in the prior quarter, supported by a **16% year-over-year growth in non-interest-bearing checking accounts** and a core bank cost of deposits at **173 basis points**.  **[0001325670_2202311_1]** **[0001325670_2202311_4]** 
- **Gross loans held for investment increased almost 9% annualized** in Q3 2025, or approximately **15% annualized** including Panacea loans reclassified to held for sale, while average earning assets grew **10% annualized**.  **[0001325670_2202311_4]** 
- The Mortgage division achieved **$1.9 million in pre-tax earnings** (excluding legal fees), and the Panacea Financial Division saw loan balances average **$530 million** and deposits reach **$132 million** with a cost of deposits at **1.37%**.  **[0001325670_2202311_2]** 
- Management anticipates reaching a **1% ROA goal** with pre-tax earnings over **$13 million** in the near term, projecting the net interest margin to approach **3.30%** by early 2026 and targeting **10% to 12% loan growth** for the next year.  **[0001325670_2202311_5]** **[0001325670_2202311_6]** **[0001325670_2202311_7]**

Primis Financial Corp. Reports Strong Q3 2025 Earnings and Margin Expansion

- Premise Financial Corp. reported **net earnings of $6.8 million** or **$0.28 per share** for Q3 2025, a substantial increase from the prior year, with ROA improving to **70 basis points** and an adjusted core ROA closer to **90 basis points**.  **[0001325670_2202345_1]** **[0001325670_2202345_5]** 
- The Net Interest Margin (NIM) expanded to **3.18%** in Q3 2025, up from 2.86% in Q2 2025, driven by new loan yields near **7%** and a lower cost of deposits, with management expecting to reach **3.3%** by Q1 2026.  **[0001325670_2202345_1]** **[0001325670_2202345_4]** **[0001325670_2202345_6]** 
- The company saw robust balance sheet growth, with gross loans held for investment increasing almost **9% annualized** and non-interest bearing deposits growing **10% annualized** in Q3 2025.  **[0001325670_2202345_4]** 
- Strategic segments contributed significantly, with the mortgage division generating **$1.9 million** in pretax earnings and the mortgage warehouse group adding **$1.6 million** in pretax earnings.  **[0001325670_2202345_2]** **[0001325670_2202345_4]**  Panacea's loan balances grew to **$530 million** and deposits to **$132 million**, with a cost of deposits at **1.37%**.  **[0001325670_2202345_2]**

Premise Financial Corp. Reports Strong Q3 2025 Earnings and Margin Expansion

- Primis Financial Corp reported **net earnings of $6.8 million** and **$0.28 per share** for Q3 2025, a significant increase from **$2 million** and **$0.08 per share** in Q3 2024.  **[0001325670_2202967_1]**  The reported Return on Assets (ROA) improved to **70 basis points**, with an adjusted core ROA closer to **90 basis points**.  **[0001325670_2202967_1]** 
- The net interest margin (NIM) was **3.18%** in Q3 2025, up from **2.86%** in the prior quarter and **2.97%** in the year-ago period.  **[0001325670_2202967_4]**  The company anticipates reaching a **3.30% margin** by the end of 2025 or early 2026.  **[0001325670_2202967_6]** 
- Gross loans held for investment increased almost **9% annualized** in Q3 2025, or approximately **15% annualized** when including Panacea loans reclassified to held for sale.  **[0001325670_2202967_4]**  Non-interest-bearing deposits increased **10% annualized** in the quarter, contributing to a nearly **20% reduction** in the cost of deposits compared to a year ago.  **[0001325670_2202967_1]** **[0001325670_2202967_4]** 
- Key divisions demonstrated strong performance, with the Mortgage division funding **59% more loans** in September 2025 compared to September 2024, and Panacea's average loan balances growing to **$530 million**.  **[0001325670_2202967_2]** **[0001325670_2202967_4]**

Primis Financial (FRST)