Primis Financial Corp. reported net income available to common shareholders of $30 million, or $1.20 per diluted share, for Q4 2025, reversing a net loss of $23 million (-$0.94 per share) in Q4 2024. For the full year, the company delivered net income of $61 million, or $2.49 per diluted share, compared with a $16 million loss (-$0.66 per share) in 2024. Primis also declared a quarterly cash dividend of $0.10 per share, highlighting confidence in its improved earnings trajectory heading into 2026.

Total assets at December 31, 2025 reached $4.047 billion, up 10% from a year earlier, while gross loans held for investment grew 14% to $3.284 billion. Total deposits rose 7% to $3.396 billion, with noninterest-bearing deposits climbing 26% to $554 million and representing 16.3% of total deposits (up 190 basis points). Tangible common equity to tangible assets improved to 8.33% (from 7.16%), and tangible book value per share increased 28% to $13.34. Net interest income for the quarter was $30.9 million (up 18%), with net interest margin expanding 38 basis points to 3.28%.

The Core Community Bank segment continued to deliver stable, low-cost funding—brokered deposits remain at zero and FHLB borrowings are minimal—while cost of deposits declined to 1.59% from 2.06% a year ago. Primis Mortgage closed $378 million of retail volume in Q4 2025, an 84% increase year-over-year, and saw pre-tax earnings improve from a $0.4 million loss to a $1.4 million gain. Mortgage warehouse lending balances surged 398% to $318 million, and Panacea Financial grew its healthcare portfolio to $544 million in loans outstanding (up 25%) with deposits up 39% to $128 million.