Primis Financial Q2 FY26 net income more than doubles to $9.4 million; net interest income rises 34.1% to $33.8 million

Reuters2026/07/23 20:54

By:Reuters

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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 34.1% year over year to $33.8 million, lifting net interest margin by 59 basis points to 3.45%.
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.
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.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Primis Financial Corp. published the original content used to generate this news brief via PR Newswire (Ref. ID: 202607231630PR_NEWS_USPR_____PH10802) on July 23, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Primis Financial Q2 FY26 net income more than doubles to $9.4 million; net interest income rises 34.1% to $33.8 million

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