Primis Financial Corp. (NASDAQ: FRST) reported financial results for the three months ended September 30, 2026, and announced a quarterly cash dividend in an 8-K filing dated October 22, 2026.
For the third quarter of 2026, the company reported net income available to common shareholders of $8.7 million, or $0.35 per diluted share. This represents a 27% increase compared to the same period in 2025, when net income was $6.8 million, or $0.28 per diluted share. Year-to-date through September 30, 2026, net income available to common shareholders totaled $25.4 million, or $1.03 per diluted share.
Operating net income available to common shareholders for the third quarter of 2026 was $8.7 million, or $0.35 per diluted share. Excluding non-recurring items such as investment gains and loan recoveries, operating net income for the first nine months of 2026 was $22.3 million, or $0.90 per diluted share, an increase of 211% compared to the same period in 2025.
Key financial metrics for the third quarter of 2026 included a net interest margin of 3.66% and a return on average assets (ROAA) of 0.80%. Total assets stood at $4.3 billion, with loans held for investment totaling $3.5 billion. Nonperforming assets, excluding portions guaranteed by the SBA, improved to 1.43% of total assets at September 30, 2026.
The company also announced the declaration of a quarterly cash dividend of $0.10 per share. The dividend is payable on November 20, 2026, to shareholders of record as of November 6, 2026.
Management highlighted that the Core Bank franchise delivered a core margin of 3.59%, expanding by 14 basis points linked-quarter. However, the company noted that unprecedented headwinds reduced its retail mortgage pipeline by 37% and revenue by $2.3 million compared to the second quarter of 2026.
