Primis Financial Balance Sheet Health
Financial Health criteria checks 6/6
Primis Financial has total assets of $4.0B and total equity of $397.1M. Total deposits are $3.3B, and total loans are $2.9B. It earns a Net Interest Margin of 2.7%. It has sufficient allowance for bad loans, which are currently at 0.5% of total loans. Cash and short-term investments are $84.7M.
Key information
10.1x
Asset to equity ratio
2.7%
Net interest margin
| Total deposits | US$3.31b |
| Loan to deposit ratio | Appropriate |
| Bad loans | 0.5% |
| Allowance for bad loans | Sufficient |
| Current ratio | Low |
| Cash & equivalents | US$84.72m |
Recent financial health updates
Recent updates
Primis Financial (NASDAQ:FRST) Has Announced A Dividend Of $0.10
Oct 31
Primis Financial (NASDAQ:FRST) Is Paying Out A Dividend Of $0.10
Aug 03Primis Financial (NASDAQ:FRST) Is Paying Out A Dividend Of $0.10
May 02Primis Financial (NASDAQ:FRST) Has Announced A Dividend Of $0.10
Feb 01Primis Financial (NASDAQ:FRST) Has Announced A Dividend Of $0.10
Nov 01Primis Financial goes ex-dividend tomorrow
Aug 10Primis Financial (NASDAQ:FRST) Has Announced A Dividend Of $0.10
Aug 02Panacea Financial, unit of Panacea Financial partners with Pacific Coast Society of Orthodontists
Jul 06News Flash: Analysts Just Made A Sizeable Upgrade To Their Primis Financial Corp. (NASDAQ:FRST) Forecasts
Apr 16Primis Financial (NASDAQ:FRST) Is Due To Pay A Dividend Of US$0.10
Feb 01Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Financial Institutions Analysis
Asset Level: FRST's Assets to Equity ratio (10.1x) is moderate.
Allowance for Bad Loans: FRST has a sufficient allowance for bad loans (317%).
Low Risk Liabilities: 91% of FRST's liabilities are made up of primarily low risk sources of funding.
Loan Level: FRST has an appropriate level of Loans to Assets ratio (73%).
Low Risk Deposits: FRST's Loans to Deposits ratio (88%) is appropriate.
Level of Bad Loans: FRST has an appropriate level of bad loans (0.5%).
Discover healthy companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 18:03 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Primis Financial Corp. is covered by 5 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Christopher Marinac | FIG Partners |
| Christopher Marinac | Janney Montgomery Scott LLC |
| Casey Orr Whitman | Piper Sandler Companies |