Primis Financial Past Earnings Performance
We're still processing the latest earnings report of this company
Past criteria checks 0/6
Primis Financial's earnings have been declining at an average annual rate of -16.1%, while the Banks industry saw earnings growing at 9.8% annually. Revenues have been growing at an average rate of 7.8% per year. Primis Financial's return on equity is 1.8%, and it has net margins of 7.3%.
Key information
-16.1%
Earnings growth rate
-16.7%
EPS growth rate
| Banks Industry Growth | 11.2% |
| Revenue growth rate | 7.8% |
| Return on equity | 1.8% |
| Net Margin | 7.3% |
| Last Earnings Update | 31 Dec 2023 |
Recent past performance 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 01Primis Financial's (NASDAQ:FRST) Dividend Will Be US$0.10
Nov 02Primis Financial (NASDAQ:FRST) Has Announced A Dividend Of US$0.10
Aug 03Should You Be Adding Primis Financial (NASDAQ:FRST) To Your Watchlist Today?
Jun 07Is Southern National Bancorp of Virginia, Inc. (NASDAQ:SONA) An Attractive Dividend Stock?
Mar 16Revenue & Expenses BreakdownBeta
How Primis Financial makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Dec 23 | 136 | 10 | 89 | 0 |
| 30 Sep 23 | 133 | 5 | 90 | 0 |
| 30 Jun 23 | 128 | 14 | 89 | 0 |
| 31 Mar 23 | 124 | 19 | 82 | 0 |
| 31 Dec 22 | 114 | 18 | 75 | 0 |
| 30 Sep 22 | 111 | 22 | 69 | 0 |
| 30 Jun 22 | 104 | 23 | 63 | 0 |
| 31 Mar 22 | 107 | 27 | 61 | 0 |
| 31 Dec 21 | 111 | 31 | 59 | 0 |
| 30 Sep 21 | 110 | 30 | 55 | 0 |
| 30 Jun 21 | 109 | 31 | 54 | 0 |
| 31 Mar 21 | 96 | 23 | 52 | 0 |
| 31 Dec 20 | 87 | 15 | 57 | 0 |
| 30 Sep 20 | 83 | 17 | 52 | 0 |
| 30 Jun 20 | 83 | 19 | 50 | 0 |
| 31 Mar 20 | 92 | 27 | 50 | 0 |
| 31 Dec 19 | 95 | 32 | 43 | 0 |
| 30 Sep 19 | 96 | 32 | 42 | 0 |
| 30 Jun 19 | 96 | 32 | 42 | 0 |
| 31 Mar 19 | 97 | 31 | 43 | 0 |
| 31 Dec 18 | 97 | 34 | 43 | 0 |
| 30 Sep 18 | 96 | 25 | 42 | 0 |
| 30 Jun 18 | 93 | 20 | 43 | 0 |
| 31 Mar 18 | 79 | 9 | 36 | 0 |
| 31 Dec 17 | 65 | 2 | 32 | 0 |
| 30 Sep 17 | 51 | 6 | 25 | 0 |
| 30 Jun 17 | 39 | 4 | 17 | 0 |
| 31 Mar 17 | 38 | 10 | 17 | 0 |
| 31 Dec 16 | 38 | 10 | 17 | 0 |
| 30 Sep 16 | 39 | 10 | 18 | 0 |
| 30 Jun 16 | 39 | 10 | 18 | 0 |
| 31 Mar 16 | 38 | 10 | 18 | 0 |
| 31 Dec 15 | 37 | 9 | 17 | 0 |
| 30 Sep 15 | 36 | 9 | 17 | 0 |
| 30 Jun 15 | 35 | 9 | 17 | 0 |
| 31 Mar 15 | 34 | 8 | 16 | 0 |
| 31 Dec 14 | 32 | 7 | 15 | 0 |
| 30 Sep 14 | 31 | 7 | 15 | 0 |
| 30 Jun 14 | 30 | 7 | 15 | 0 |
| 31 Mar 14 | 28 | 6 | 14 | 0 |
| 31 Dec 13 | 29 | 6 | 14 | 0 |
| 30 Sep 13 | 28 | 6 | 14 | 0 |
| 30 Jun 13 | 28 | 6 | 14 | 0 |
Quality Earnings: FRST has a large one-off loss of $11.2M impacting its last 12 months of financial results to 31st December, 2023.
Growing Profit Margin: FRST's current net profit margins (7.3%) are lower than last year (15.6%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: FRST's earnings have declined by 16.1% per year over the past 5 years.
Accelerating Growth: FRST's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: FRST had negative earnings growth (-44%) over the past year, making it difficult to compare to the Banks industry average (-12.2%).
Return on Equity
High ROE: FRST's Return on Equity (1.8%) is considered low.