Primis Financial Q2 FY26 net income more than doubles to $9.4 million; net interest income rises 34.1% to $33.8 million
FRST•Balance sheet and asset quality improved
Total assets increased to $4.35 billion, gross loans held for investment climbed to $3.47 billion, while deposits edged up to $3.45 billion.
Nonperforming assets excluding SBA guarantees fell to 1.45% of assets from 2.35% at March 31, with total NPAs down 37% in the quarter to $63 million.
Dividend declared and consolidation benefit flagged
The company declared a quarterly cash dividend of $0.10 per share.
Management flagged a $6.1 million earnings lift from core consolidation starting in Q4 2026.
Primis Financial reports higher Q2 FY26 profit and revenue
Primis Financial swung to Q2 2026 net income of $9.4 million, or $0.38 per diluted share, from $2.4 million, or $0.10, a year earlier.
Net interest income rose year over year to , lifting net interest margin by to .
