$FRST Market Cap: $308 Million
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Financial Snapshot

Revenue
$159.7M
TTM
Gross Margin
Net Earnings
$15.24M
TTM
Current Assets
Current Liabilities
$32.88M
Q3 2024
Current Ratio
Total Assets
$4.025B
Q3 2024
Total Liabilities
$3.627B
Q3 2024
Book Value
$397.3M
Q3 2024
Cash
$77.27M
Q3 2024
P/E
20.22
Nov 29, 2024 EST
Free Cash Flow
$67.72M
TTM

Revenues

Revenues

Revenue YoY Change

Revenues

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005
Revenue $192.6M $126.1M $113.2M $117.8M $120.5M $118.9M $83.57M $36.29M $23.91M
YoY Change 52.78% 11.33% -3.85% -2.28% 1.36% 42.28% 51.8%

Expenses

Cost Of Revenues

No data

Gross Profit

No data

Gross Profit Margin

No data

Gross Profit

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005
Revenue $192.6M $126.1M $113.2M $117.8M $120.5M $118.9M $83.57M $36.29M $23.91M
Cost Of Revenue
Gross Profit
Gross Profit Margin

Selling, General & Admin Expense

No data

Research & Development

No data

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

No data

R&D To Gross Profit Ratio

No data

DDA To Gross Profit Ratio

No data

Operating Expenses Total

No data

Operating Profits/Loss

No data

Operational Expenses

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $9.093M $7.433M $5.630M $5.290M $5.630M $4.720M $3.030M $1.020M $1.140M $980.0K $1.140M $1.800M $1.490M $1.590M $1.290M $1.100M $1.020M $770.0K $110.0K
YoY Change 22.33% 32.02% 6.43% -6.04% 19.28% 55.78% 197.06% -10.53% 16.33% -14.04% -36.67% 20.81% -6.29% 23.26% 17.27% 7.84% 32.47% 600.0%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change

Interest Expenses

Interest Expenses To Operating Income %

No data

Other Expense/Income

No data

Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005
Interest Expense $93.91M $21.59M $19.04M $26.14M $36.92M $27.84M $15.65M $8.513M $8.077M
YoY Change 335.02% 13.38% -27.16% -29.21% 32.62% 77.86% 5.4%
% of Operating Profit
Other Income/Expense, Net
YoY Change

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005
Pretax Income $11.21M $22.28M $39.74M $19.11M $38.05M $43.31M $15.57M $15.40M $14.00M $11.20M $9.300M $9.700M $6.100M $5.930M -$7.357M $1.500M $1.800M $1.000M -$2.300M
YoY Change -49.67% -43.94% 107.93% -49.78% -12.13% 178.1% 1.12% 10.0% 25.0% 20.43% -4.12% 59.02% 2.87% -180.6% -590.47% -16.67% 80.0% -143.48%
Income Tax $3.552M $4.535M $8.721M $4.228M $5.892M $9.614M $13.15M $5.100M $4.700M $3.800M $3.000M $3.100M $1.700M $1.876M -$2.677M $300.0K $100.0K $0.00 $0.00
% Of Pretax Income 31.68% 20.36% 21.95% 22.12% 15.48% 22.2% 84.43% 33.12% 33.57% 33.93% 32.26% 31.96% 27.87% 31.64% 20.0% 5.56% 0.0%
Net Earnings $9.940M $17.74M $31.25M $23.29M $33.17M $33.69M $2.425M $10.30M $9.300M $7.500M $6.300M $6.600M $4.400M $4.054M -$4.680M $1.200M $1.700M $1.000M -$2.300M
YoY Change -43.97% -43.23% 34.19% -29.79% -1.56% 1289.32% -76.46% 10.75% 24.0% 19.05% -4.55% 50.0% 8.53% -186.62% -490.0% -29.41% 70.0% -143.48%
Net Earnings / Revenue 5.16% 14.07% 27.59% 19.77% 27.52% 28.33% 2.9% 11.17% -19.58%
Basic Earnings Per Share $0.96 $1.38 $1.40 $0.13
Diluted Earnings Per Share $0.40 $719.2K $1.268M $0.96 $1.36 $1.39 $0.13 $830.6K $756.1K $630.3K $543.1K $569.0K $379.3K $353.4K -$618.4K $176.5K $246.4K $232.6K -$589.7K

Assets & Liabilities

Cash & Short-Term Investments

No data

Cash & Equivalents

Cash To Operating Expenses Ratio

No data

Inventory

No data

Receivables

No data

Total Short-Term Assets

No data

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

No data

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

No data

Short-Term Debt

Long Term Debt Due

No data

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

No data

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005
Cash & Short-Term Investments
YoY Change
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
Property, Plant & Equipment $31.26M $30.59M $36.30M $37.80M $39.20M $32.40M $35.80M $8.200M $8.900M $9.500M $6.300M $6.600M $6.400M $4.700M $3.200M $3.600M $3.500M $3.500M $2.900M
YoY Change 2.17% -15.72% -3.97% -3.57% 20.99% -9.5% 336.59% -7.87% -6.32% 50.79% -4.55% 3.13% 36.17% 46.88% -11.11% 2.86% 0.0% 20.69%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $3.000M $16.00M $8.300M $7.100M $8.000M $7.200M $7.000M $5.400M
YoY Change -81.25% 92.77% 16.9% -11.25% 11.11% 2.86% 29.63%
Other Assets $26.32M $21.40M $9.600M $14.60M $11.80M $14.10M $16.90M $6.800M $6.700M $10.10M $8.300M $8.200M $6.300M $5.900M $4.600M $4.800M $3.500M $0.00
YoY Change 22.97% 122.96% -34.25% 23.73% -16.31% -16.57% 148.53% 1.49% -33.66% 21.69% 1.22% 30.16% 6.78% 28.26% -4.17% 37.14%
Total Long-Term Assets
YoY Change
Total Assets $3.876B $3.572B $3.407B $3.089B $2.722B $2.701B $2.614B $1.142B $1.036B $916.6M $716.2M $723.8M $611.4M $586.7M $610.7M $431.9M $377.3M $290.6M $122.9M
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $11.69M $5.767M $6.500M $8.200M $8.500M
YoY Change 102.64% -11.28% -20.73% -3.53%
Deferred Revenue
YoY Change
Short-Term Debt $23.38M $6.445M $10.00M $16.10M $12.90M $18.70M $15.50M $0.00 $10.40M $13.80M $39.80M $33.40M $17.70M $23.90M $22.00M $20.90M $10.00M $5.000M $12.40M
YoY Change 262.7% -35.55% -37.89% 24.81% -31.02% 20.65% -100.0% -24.64% -65.33% 19.16% 88.7% -25.94% 8.64% 5.26% 109.0% 100.0% -59.68%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $35.06M $5.767M $6.500M $8.200M $8.500M $18.70M $15.50M $10.40M $13.80M $39.80M $33.40M $17.70M $23.90M $22.00M $20.90M $10.00M $5.000M $12.40M
YoY Change 507.98% -11.28% -20.73% -3.53% -54.55% 20.65% -24.64% -65.33% 19.16% 88.7% -25.94% 8.64% 5.26% 109.0% 100.0% -59.68%
Long-Term Debt $95.60M $95.31M $95.00M $115.3M $56.70M $56.70M $56.70M $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change 0.3% 0.33% -17.61% 103.35% 0.0% 0.0%
Other Long-Term Liabilities $26.50M $22.23M $20.80M $25.90M $20.50M $16.70M $18.60M $8.100M $6.800M $6.200M $4.400M $6.000M $3.500M $2.400M $5.700M $2.800M $2.000M $1.500M $900.0K
YoY Change 19.2% 6.88% -19.69% 26.34% 22.75% -10.22% 129.63% 19.12% 9.68% 40.91% -26.67% 71.43% 45.83% -57.89% 103.57% 40.0% 33.33% 66.67%
Total Long-Term Liabilities $122.1M $117.5M $115.8M $141.2M $77.20M $73.40M $75.30M $8.100M $6.800M $6.200M $4.400M $6.000M $3.500M $2.400M $5.700M $2.800M $2.000M $1.500M $900.0K
YoY Change 3.87% 1.51% -17.99% 82.9% 5.18% -2.52% 829.63% 19.12% 9.68% 40.91% -26.67% 71.43% 45.83% -57.89% 103.57% 40.0% 33.33% 66.67%
Total Liabilities $3.457B $3.177B $2.996B $2.698B $2.345B $2.353B $2.292B $1.016B $916.5M $802.7M $609.6M $620.6M $512.3M $492.3M $513.6M $363.1M $308.0M $222.3M $90.60M
YoY Change 8.82% 6.06% 11.02% 15.06% -0.34% 2.68% 125.52% 10.87% 14.18% 31.68% -1.77% 21.14% 4.06% -4.15% 41.45% 17.89% 38.55% 145.36%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

No data

Treasury Stock Shares

No data

Stock Issuance & Repurchase

Ownership Data

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005
Basic Shares Outstanding 24.64M 24.56M 24.44M 24.24M 24.05M 24.01M 18.39M
Diluted Shares Outstanding 24.64M 24.67M 24.60M 24.36M 24.33M 24.27M 18.67M
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Dividends

No data

Stock Price

Market Cap: $308.05 Million

About Primis Financial Corp.

Primis Financial Corp. is a holding company, which engages in the provision of financial services through its subsidiary Sonabank. The company is headquartered in Mclean, Virginia and currently employs 528 full-time employees. The company went IPO on 2006-11-01. The Bank provides a range of financial services to individuals and small- and medium-sized businesses through twenty-four full-service branches in Virginia and Maryland and provides services to customers through certain online and mobile applications. The firm's segments include Primis Bank and Primis Mortgage. The Primis Bank segment specializes in providing financing services to businesses in various industries and deposit-related services to businesses, consumers and other customers. The Primis Mortgage segment specializes in originating mortgages in a majority of the United States. The Bank invests in real estate-related securities, including collateralized mortgage obligations and agency mortgage-backed securities. The Bank offers a broad range of deposit products, including checking (NOW), savings, money market accounts and certificates of deposit.

Industry: State Commercial Banks Peers: BCB BANCORP INC CIVISTA BANCSHARES, INC. Esquire Financial Holdings, Inc. First Bancorp, Inc /ME/ PCSB Financial Corp PNC FINANCIAL SERVICES GROUP, INC. SIERRA BANCORP