Primis Financial Corp.
NASDAQ Global MarketCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Dennis J. Zember Jr.
- Full Time Employees
- 592
- Sector
- Financial Services
- Industry
- Banks - Regional
- Address
- 6830 Old Dominion Drive McLean VA United States of America 22101
- IPO Date
- Nov 1, 2006
- CIK
- 0001325670
- Website
- primisbank.com
- Similar Companies
- Business
- Primis Financial Corp. is a Virginia-based community banking institution that offers a comprehensive suite of financial products and services. Its core offerings include commercial and consumer lending, encompassing secured commercial real estate loans, unsecured commercial loans, and a range of consumer loans for various purposes. The company also provides deposit products such as checking accounts (including NOW accounts), savings accounts, money market accounts, and certificates of deposit. Additionally, Primis Financial Corp. operates mortgage warehouse lending and mortgage origination services through its Primis Mortgage Company, serving small to medium-sized businesses and individual customers primarily in the United States. The company leverages proprietary digital banking technology, including its V1BE digital platform, which supports over $200 million in mostly commercial client deposits and facilitates enhanced banking services. Founded in 1999 and headquartered in McLean, Virginia, Primis Financial Corp. has undergone significant strategic changes in recent years to focus on core banking operations and long-term profitability. In October 2024, the company completed the sale of its Life Premium Finance division to EverBank, N.A., disposing of approximately $370 million in loans and related operations in a transaction valued at $6 million. This divestiture allowed Primis to streamline operations and emphasize growth in mortgage warehouse lending and commercial banking. Throughout 2025, the company has improved its profitability and operational efficiency, supported by revenue growth without significant increases in operating expenses, and has enhanced its deposit base with a growing share of non-interest-bearing deposits. Primis is expanding its technological offerings by licensing its V1BE platform to other community banks and continues to focus on expanding its loan portfolio, digital banking services, and mortgage lending capabilities. Primis Financial Corp. operates exclusively in the financial services sector, targeting commercial clients largely through its tailored lending and deposit products, while also offering consumer banking solutions. The bank maintains a strategic presence in regional markets and emphasizes technology-driven banking solutions to differentiate itself from competitors. Its recent strategic repositioning and business realignment efforts underscore its commitment to scalable growth and enhanced operational leverage. The sale of its Life Premium Finance division marked a significant operational adjustment, freeing capital and management focus for core business expansion and technological advancement. The company’s recent earnings reports highlight a strong trajectory of revenue growth, improved margins, and operational scalability. The bank's mortgage warehouse lending and digital banking platforms have become key growth drivers. Its proprietary V1BE digital fulfillment service, supporting commercial clients, has attracted interest from other banks for potential licensing, illustrating Primis' growing influence in digital banking innovation. With over $1 billion in deposits as of late 2025 and ongoing strategic hires in lending teams, Primis is positioning itself for sustained growth across its core financial services and technology-enabled offerings. Primis Financial Corp. is publicly traded on NASDAQ under the ticker symbol FRST and continues to focus on delivering customized community banking, lending solutions, and advanced digital banking technologies from its Virginia headquarters to regional markets in the United States.
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