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Primis Bank

Tappahannock, VA · Cert 57968 · Primis Financial Corp.

State charter, Fed member · FED · 28 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks $1B-$10B in assets3

Basis

Quarter: Q2 2026, the quarter ended June 30, 2026, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

Banks $1B-$10B in assets (n=322 to 328). Each measure ranks only the institutions that reported it, so n varies by measure.

Peer groups below the disclosure floor are suppressed.

Peer standing

Capital

29

Q2 2024Q2 2026peer median (50)

Asset Quality

12

Q2 2024Q2 2026peer median (50)

Profitability

35

Q2 2024Q2 2026peer median (50)

Liquidity

0

Q2 2024Q2 2026peer median

Efficiency

23

Q2 2024Q2 2026peer median (50)

Growth

No peer data yet

Capital, Asset Quality, Profitability, Efficiency: higher is always a stronger peer standing (▲ better, ▼ worse). Liquidity, Growth: the score reflects closeness to the peer median -- 100 is sitting exactly at the median, falling the same way whether the bank runs above or below it.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Primis Bank

Tappahannock, VA · Cert 57968 · Primis Financial Corp.

State charter, Fed member · FED · 28 branches

Q2 2026

$4.3BAssets
$3.7BLoans
$3.5BDeposits
$478.2MEquity
Loan mix
72%RE $2.2B19%C&I $0.6B9%Consumer $0.3BQ2 2025Q2 2026
Deposit mix
86%Interest-bearing $3.0B14%Noninterest $0.5BQ2 2025Q2 2026

NIM

5.25%Q2 ’245.07%Q2 ’255.25%Q2 ’26+6%+13%

Non-interest income vs. expense

2.70%Q2 ’243.14%Q2 ’253.40%Q2 ’26+35%-21%

Market Position · Richmond, VA · 2026 SOD (annual) · 2.4% share · #7 of 30 inst. · $1.5B of $60.7B

0.8% Fairfax
5.5% Henrico
12.7% Hanover
21.0% Colonial Heights (City)

Executive Summary

  • Earnings: ROA of 1.02%, up 87 bps year over year; NIM at 3.38%.
  • Asset quality: problem loans at 1.83% of loans (-57 bps YoY), with net charge-offs at 0.37%.
  • Capital: tier 1 leverage ratio of 9.51%, up 19 bps from a year ago.
  • Funding: loans stand at 107.00% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.02%+87 bps YoY

Net Interest Margin (YTD, annualized)

3.38%+40 bps YoY

Efficiency Ratio (YTD, annualized)

68.02%-1,220 bps YoY

Tier 1 Leverage Ratio

9.51%+19 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.15%0.38%1.13%0.95%1.02%+87 bps
Return on Equity1.37%3.45%10.08%8.33%9.10%+773 bps
Net Interest Margin2.99%3.05%3.06%3.44%3.38%+40 bps
Efficiency Ratio80.22%78.61%60.84%70.64%68.02%-1,220 bps
Non-Interest Burden2.18%2.14%0.91%1.98%1.71%-47 bps
Growth
Asset Growth (YoY)-3.08%-1.92%9.51%15.58%13.10%+1,619 bps
Loan Growth (YoY)-4.05%-0.86%10.07%16.11%13.55%+1,760 bps
Deposit Growth (YoY)-0.27%1.15%6.84%7.54%2.86%+313 bps
Asset Quality
Nonperforming Loans / Loans2.40%2.55%2.51%2.77%1.83%-57 bps
Net Charge-Offs / Loans1.08%0.74%0.58%0.12%0.37%-71 bps
Allowance / Loans1.41%1.32%1.33%1.28%1.24%-17 bps
Allowance Coverage of NPLs0.6x0.5x0.5x0.5x0.7x+0.1x
Capital
Tier 1 Leverage Ratio9.32%9.34%9.74%9.69%9.51%+19 bps
Total Risk-Based Capital11.62%11.39%11.99%11.76%11.88%+26 bps
Equity / Assets10.94%10.88%11.62%11.14%11.03%+9 bps
Liquidity & Funding
Loans / Deposits96.93%100.91%100.52%105.47%107.00%+1,008 bps
Liquid Assets / Assets2.07%1.32%3.12%2.95%2.64%+57 bps
CRE / Total Capitaln/a380%358%361%n/an/a

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas. Income-statement figures are year-to-date as filed, annualized (the UBPR convention). Each quarter includes the ones before it.

CallReports · callreports.ai· Performance TrendsGenerated 2026-10-11

Primis Bank

Tappahannock, VA · Cert 57968 · Peer group: banks $1B-$10B in assets (n=322-328) · Primis Financial Corp.

State charter, Fed member · FED · 28 branches

Q2 2026

$4.3BAssets
$3.7BLoans
$3.5BDeposits
$478.2MEquity

Executive Summary

  • Strongest standing: equity / assets outperforms 61% of banks $1B-$10B in assets (rank 127 of 328).
  • Widest gap: tier 1 capital ratio trails 90% of banks $1B-$10B in assets (rank 295 of 328).
  • Overall: at or above the peer median on 1 of 9 directional measures.

Return on Assets

0.99%

Rank 230 of 328

Net Interest Margin

3.38%

Rank 182 of 328

Efficiency Ratio

68.05%

Rank 252 of 328

Equity / Assets

11.03%

Rank 127 of 328

Non-interest income vs. expense

$70.5M$142.1MINCOMEEXPENSE
Unfavorable gap of $71.7M · efficiency ratio beats 23% of banks $1B-$10B in assets
Bank 68.05%Peer median 59.6%Q2 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets0.99%0.91%1.22%1.52%Beats 30%230 / 328
Return on Equity8.99%8.43%11.45%14.43%Beats 29%233 / 328
Net Interest Margin3.38%3.03%3.45%3.83%Beats 45%182 / 328
Efficiency Ratio68.05%51.61%59.56%67.53%Beats 23%252 / 328
Asset Quality
Nonperforming Loans / Loans1.83%0.24%0.51%1.03%Beats 11%288 / 322
Net Charge-Offs / Loans0.25%0.01%0.03%0.10%Beats 12%285 / 322
Capital
Tier 1 Capital Ratio10.63%11.75%13.15%15.47%Beats 10%295 / 328
Total Risk-Based Capital Ratio11.88%12.63%14.15%16.46%Beats 17%272 / 328
Equity / Assets11.03%9.15%10.33%12.01%Beats 61%127 / 328
Liquidity & Funding
Loans / Deposits107.00%76.63%87.92%95.36%94th pctl20 / 323
Loans / Assets85.27%65.18%74.15%79.98%92nd pctl26 / 328
Brokered Deposits / Depositsn/aNot reported for this institution