14.68
+1.38%
Close of 9 Nov 2026, in USD
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About Primis Financial
From its filings with the US Securities and Exchange Commission
Primis Financial is based in Mclean, Virginia and is incorporated in Virginia. Its shares trade on Nasdaq under the ticker FRST. The SEC classifies its business as state commercial banks. In the fiscal year to 31 December 2025, it reported net income of $61.4m. At that date it held total assets of $4.05bn and shareholders' equity of $422.9m.
Primis Financial Corp. is the bank holding company for Primis Bank, a Virginia state-chartered bank which commenced operations on April 14, 2005. Primis Bank provides a range of financial services to individuals and small and medium-sized businesses.
3.Perfecting enhanced digital offerings that allow Primis to attract and retain deposit customers at scale both in and out of our footprint.
Our principal business is the acquisition of deposits from the general public through our branch offices, digital platform, and deposit intermediaries and the use of these deposits to fund our loan and investment security portfolios. We seek to be a full-service bank that provides a wide variety of financial services to our middle market corporate clients as well as to our retail clients. We are an active commercial lender, and also invest funds in mortgage-backed securities, collateralized mortgage obligations, securities issued by agencies of the federal government and obligations of states and political subdivisions.
Primis offers a wide range of commercial banking services; however, we are focused on making loans secured primarily by commercial real estate and other types of secured and unsecured commercial loans to small and medium-sized businesses in a number of industries, as well as loans to individuals for a variety of purposes, including home equity lines of credit. We are an SBA lender with Preferred Lending Partner status that allows us to offer this program nationwide.
Quoted from its 10-K, filed 16 Mar 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- Financials
- Industry
- Banks
- Listed since
- 1 Nov 2006
- Employees
- 593
- Website
- investors.primisbank.com ↗
- Head office
- 1676 INTERNATIONAL DRIVE SUITE 900, MCLEAN, VA, 22102
- Incorporated in
- VA
- Classification
- State Commercial Banks
- Filer status
- Accelerated filer
Leadership
Pay as last reported
- Mr. W. Rand CookIndependent Chairman of the Board of the Company and the Bank$103,800
- Mr. Dennis ZemberPresident, Chief Executive Officer, Director of the Company and the Bank, since 2020$788,439
- Mr. Matthew SwitzerChief Financial Officer, Executive Vice President of the Company and the Bank$411,310
- Ms. Ann Stanton GoreExecutive Vice President, Chief Marketing Officer of the Company and the Bank$321,095
- Mr. Rickey FulkExecutive Vice President of the Company and the Bank$385,640
- Mr. John BiagasIndependent Director of the Company and the Bank$79,200
- Mr. Robert ClagettIndependent Director of the Company and the Bank$79,200
- Ms. Deborah DiazIndependent Director of the Company and the Bank$73,400
- Mr. John EggemeyerIndependent Director of the Company and the Bank$46,500
- Mr. F. L. GarrettIndependent Director of the Company and the Bank$74,400
- Mr. Eric JohnsonIndependent Director of the Company and the Bank$72,700
- Dr. Allen JonesIndependent Director of the Company and the Bank$43,800
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 26
- Environment
- 2
- Social
- 48
- Governance
- 29
- Women in the workforce
- 64%
- Carbon reduction policy
- No
- Human rights policy
- No
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Primis Financial Corp. provides banking services through Sonabank with 32 branches in Virginia and Maryland.
- Primis Mortgage segment originates mortgages across most of the United States.
- Primis Bank segment offers financing and deposit services to businesses and consumers.
Weaknesses
- Primis Financial Corp. has 565 full-time employees, which is relatively small for a financial holding company.
- Primis Bank operates only in Virginia and Maryland, limiting its geographic reach.
- Primis Mortgage segment focuses on mortgage origination without significant diversification.
Opportunities
- Primis Financial Corp. could expand its mortgage services to new states beyond current U.S. coverage.
- Primis Bank may grow by targeting more small and medium-sized businesses in existing markets.
- Primis Financial Corp. might increase non-interest income through additional mortgage loan sales.
Threats
- Primis Financial Corp. faces competition from larger banks in Virginia and Maryland.
- Primis Mortgage segment could be affected by declining U.S. housing market activity.
- Primis Bank segment might encounter regulatory challenges in the Financials sector.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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