Tappahannock, VA · Cert 57968 · Primis Financial Corp.
State charter, Fed member · FED · 28 branches
Q2 2026
Market Position · Richmond, VA · 2026 SOD (annual) · 2.4% share · #7 of 30 inst. · $1.5B of $60.7B
Return on Assets (YTD, annualized)
Net Interest Margin (YTD, annualized)
Efficiency Ratio (YTD, annualized)
Tier 1 Leverage Ratio
Year to date, annualized, through each quarter.
| Metric | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 0.45% | -0.20% | 0.55% | 0.15% | 0.38% | 1.13% | 0.95% | 1.02% | +87 bps | |
| Return on Equity | 3.95% | -1.78% | 4.85% | 1.37% | 3.45% | 10.08% | 8.33% | 9.10% | +773 bps | |
| Net Interest Margin | 2.85% | 2.99% | 3.17% | 2.99% | 3.05% | 3.06% | 3.44% | 3.38% | +40 bps | |
| Efficiency Ratio | 70.15% | 73.33% | 76.47% | 80.22% | 78.61% | 60.84% | 70.64% | 68.02% | -1,220 bps | |
| Non-Interest Burden | 1.68% | 1.87% | 2.20% | 2.18% | 2.14% | 0.91% | 1.98% | 1.71% | -47 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 4.84% | -4.48% | -5.50% | -3.08% | -1.92% | 9.51% | 15.58% | 13.10% | +1,619 bps | |
| Loan Growth (YoY) | 5.96% | -4.34% | -5.51% | -4.05% | -0.86% | 10.07% | 16.11% | 13.55% | +1,760 bps | |
| Deposit Growth (YoY) | 0.95% | -3.33% | -4.88% | -0.27% | 1.15% | 6.84% | 7.54% | 2.86% | +313 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 0.47% | 0.53% | 0.47% | 2.40% | 2.55% | 2.51% | 2.77% | 1.83% | -57 bps | |
| Net Charge-Offs / Loans | 0.71% | 1.57% | 1.45% | 1.08% | 0.74% | 0.58% | 0.12% | 0.37% | -71 bps | |
| Allowance / Loans | 1.49% | 1.71% | 1.41% | 1.41% | 1.32% | 1.33% | 1.28% | 1.24% | -17 bps | |
| Allowance Coverage of NPLs | 3.2x | 3.2x | 3.0x | 0.6x | 0.5x | 0.5x | 0.5x | 0.7x | +0.1x | |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | 9.72% | 9.10% | 9.72% | 9.32% | 9.34% | 9.74% | 9.69% | 9.51% | +19 bps | |
| Total Risk-Based Capital | 11.62% | 12.04% | 12.22% | 11.62% | 11.39% | 11.99% | 11.76% | 11.88% | +26 bps | |
| Equity / Assets | 11.36% | 11.18% | 11.45% | 10.94% | 10.88% | 11.62% | 11.14% | 11.03% | +9 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 102.95% | 97.56% | 97.68% | 96.93% | 100.91% | 100.52% | 105.47% | 107.00% | +1,008 bps | |
| Liquid Assets / Assets | 1.69% | 1.41% | 1.32% | 2.07% | 1.32% | 3.12% | 2.95% | 2.64% | +57 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | 380% | 358% | 361% | n/a | n/a | |