Primis Financial Corp. financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data Primis Financial Corp. files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Interest expense	8.63	15.7	27.8	36.9	26.1	19	21.6	93.9
Pre-tax income	15.4	15.6	43.3	38.1	18.7	39.6	17.3	-11.2	-28.9	72.6
Income tax	5.1	13.1	9.61	5.89	4.14	8.68	3.19	-1.07	-4.24	14.7
Income from continuing operations	10.3	2.43
Net income to minority interests								-2.28	-8.46	-3.6
Net income	10.3	2.43	33.7	33.2	23	31.1	14.1	-7.83	-16.2	61.4
EPS, basic	0.84	0.13	1.40	1.38	0.96		0.58	-0.32	-0.66	2.49
EPS, diluted	0.83	0.13	1.39	1.36	0.96		0.57	-0.32	-0.66	2.49
Shares, basic (weighted)	12.3	18.4	24	24.1	24.2	24.4	24.6	24.6	24.7	24.7
Shares, diluted (weighted)	12.4	18.7	24.3	24.3	24.4	24.6	24.7	24.6	24.7	24.7
Dividend per share	0.32	0.32	0.32	0.36	0.40	0.40	0.40	0.40	0.40	0.40

Balance sheet

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	47.4	25.5	28.6	31.9	196	530	77.9	77.6	64.5	144
Property, plant and equipment	8.23	35.8	32.4	31.2	30.3	30.4	25.3	20.6	19.4	6.07
Lease right-of-use assets				8.01	7.51	5.87	5.34	10.6	10.3	65.6
Goodwill	10.5	101	102	102	102	102	105	93.5	93.5	93.5
Intangible assets	0.87	10.1	8.61	7.19	5.83	4.46	3.25	1.96	0.67	0.04
Total assets	1,142	2,614	2,701	2,722	3,089	3,406	3,567	3,857	3,690	4,047
Long-term debt		47.1	47.1	47.1	106	85.3	85.5	85.8	86	86.2
Total liabilities	1,016	2,291	2,353	2,345	2,698	2,996	3,178	3,459	3,325	3,624
Paid-in capital	105	305	306	307	309	311	313	314	315	317
Retained earnings	22.1	18.8	45	69.5	78	97.6	102	84.1	58	110
Treasury stock									0	-0.81
Other comprehensive income	-0.79	-1.15	-2.59	0.78	3.49	1.11	-25.9	-21.8	-21.2	-2.67
Shareholders' equity	126	323	348	377	389	410	389	376	352	423
Minority interests								21.4	13.2
Total equity	126	323	348	377	389	410	389	398	365	423
Total liabilities and equity	1,142	2,614	2,701	2,722	3,089	3,406	3,567	3,857	3,690	4,047
Shares outstanding	12.3	23.9	24.1	24.2	24.4	24.6	24.7	24.7	24.7	24.7

Cash flow statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	10.3	2.43	33.7	33.2	23	31.1	14.1	-10.1	-24.7	57.8
Depreciation and amortization		2.2	3.3	2.3	2	2.4	2.5	2	2	2
Stock-based compensation	0.26	0.25	0.28	0.43	1.54	0.75	0.4	0.71	0.94	2.9
Deferred income tax	0.03	9.69	3.12	1.48	-1.41	6.05	-3.3	-3.7	-4.27	6.47
Cash from operations	18	24.6	41.4	36.8	29.7	27.6	12.4	28.8	19.5	10.8
Capital expenditures	-0.14	-1.43	-1.97	-1.1	-1.08	-2.46	-1.01	-1.92	-1.19	-1.73
Acquisitions							-4.55
Purchases of investments		-3.25		-45.1	-38.9	-161	-37.4	-15.2	-43.1	-92.1
Sales and maturities of investments		7.99	14.4	26.3	50.1	37.9	37	27.6	35.6	37.4
Cash from investing	-95.6	-62	-93.7	-5.02	-204	5.78	-617	-313	108	-158
Share buybacks										-0.81
Dividends paid	-3.92	-5.8	-7.69	-8.69	-9.74	-9.81	-9.85	-9.88	-9.89	-9.87
Cash from financing	94.6	15.5	55.4	-28.4	339	296	152	284	-141	227
Net change in cash	17.1	-21.9	3.15	3.32	164	334	-452	-0.31	-13	79.1
Free cash flow	17.9	23.2	39.5	35.7	28.6	25.2	11.4	26.9	18.3	9.03
Interest paid	8.29	14.6	26.1	36	28	20.2	20.2	91.8	107	89.6
Income taxes paid	4.6	3.67	6.67	4.9	7.69	6.15	3.05	5.76	2.34	-0.48

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $15.69 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Effective tax rate	21.3%	Income tax / pre-tax income, when pre-tax income is positive.
Return on assets (ROA)	1.2%	Net income / average total assets.

Growth

Metric	Value	How it is calculated
Net income CAGR, 3y	63.2%	Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income CAGR, 5y	21.7%	Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EPS CAGR, 3y	63.5%	Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS CAGR, 5y	21.0%	Compound annual growth of eps over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y	-44.9%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	-4.7%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	-18.3%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Free cash flow growth, 1y	-50.7%	Free cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow CAGR, 3y	-7.5%	Compound annual growth of free cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Free cash flow CAGR, 5y	-20.6%	Compound annual growth of free cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Dividend per share growth, 1y	0.0%	Dividend per share vs the same period a year earlier. Only from a positive base.
Dividend per share CAGR, 3y	0.0%	Compound annual growth of dividend per share over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Dividend per share CAGR, 5y	0.0%	Compound annual growth of dividend per share over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y	20.2%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	2.8%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	1.7%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	9.7%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	4.3%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	5.6%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y	-0.0%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y	0.0%	Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y	0.3%	Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Liabilities / assets	90.0%	Total liabilities / total assets.
Goodwill and intangibles / assets	2.1%	(Goodwill + intangible assets) / total assets.

Per share

Metric	Value	How it is calculated
EPS, diluted	$2.14	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Operating cash flow per share	-$1.72	Cash from operations / diluted weighted shares.
Cash per share	$7.13	(Cash + short-term investments) / shares outstanding.
Payout ratio	18.8%	Dividends paid / net income, when net income is positive.

Valuation

Metric	Value	How it is calculated
Market cap	$389.1M	Share price x shares outstanding.
Enterprise value	$212.3M	Market cap + total debt - cash - short-term investments.
P/E	7.33x	Market cap / net income. Only when net income is positive.
Earnings yield	13.6%	Net income / market cap (the inverse of P/E).
Dividend yield	2.6%	Dividends paid over the period / market cap.
Shareholder yield	2.6%	(Dividends paid + share buybacks) / market cap.
PEG	0.12x	P/E / EPS growth per year over 3 years (in percent). Only when both are positive.

Was Primis Financial Corp. profitable in fiscal 2025?

Yes. Net income was $61.4M, a net margin of -.

How much free cash flow did Primis Financial Corp. generate in fiscal 2025?

Cash from operations of $10.8M minus capital expenditures of $1.7M left free cash flow of $9.0M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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