Primis Financial Corp Net Assets
Primis Financial Corp net assets. Based on the latest financial reports, Primis Financial Corp (FRST) has net assets worth $433.83 Million USD as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($4.35 Billion) and total liabilities ($3.92 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Also explore Primis Financial Corp net asset momentum to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $433.83 Million |
| % of Total Assets | 9.96% |
| Annual Growth Rate | 20.63% |
| 5-Year Change | -86.81% |
| 10-Year Change | 234.72% |
| Growth Volatility | 230.08 |
Net Assets of Primis Financial Corp (2004–2025)
Net assets of Primis Financial Corp from 2004 to 2025. This chart illustrates how Primis Financial Corp's net assets have evolved over time, based on quarterly financial data. See Primis Financial Corp balance sheet independence to measure how much of total assets are equity-financed.
Annual Net Assets for Primis Financial Corp (2004–2025)
The table below shows the annual net assets of Primis Financial Corp from 2004 to 2025. For live market cap and overall valuation, see FRST company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $422.90 Million | +15.87% |
| 2024-12-31 | $364.98 Million | -90.29% |
| 2023-12-31 | $3.76 Billion | +853.38% |
| 2022-12-31 | $394.40 Million | -87.70% |
| 2021-12-31 | $3.21 Billion | +11.89% |
| 2020-12-31 | $2.87 Billion | +659.49% |
| 2019-12-31 | $377.24 Million | +8.31% |
| 2018-12-31 | $348.29 Million | +7.91% |
| 2017-12-31 | $322.77 Million | +155.47% |
| 2016-12-31 | $126.34 Million | +5.61% |
| 2015-12-31 | $119.64 Million | +4.96% |
| 2014-12-31 | $113.98 Million | +6.91% |
| 2013-12-31 | $106.61 Million | +3.33% |
| 2012-12-31 | $103.18 Million | +4.16% |
| 2011-12-31 | $99.05 Million | -0.06% |
| 2010-12-31 | $99.11 Million | +2.05% |
| 2009-12-31 | $97.12 Million | +41.22% |
| 2008-12-31 | $68.78 Million | -0.72% |
| 2007-12-31 | $69.28 Million | +1.54% |
| 2006-12-31 | $68.23 Million | +111.14% |
| 2005-12-31 | $32.31 Million | +292.60% |
| 2004-12-31 | $8.23 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Primis Financial Corp's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 10996105000.0% over the analyzed period, indicating profitable operations and earnings retention.
Primis Financial Corp Net Assets Breakdown (December 2025)
Primis Financial Corp net assets breakdown by equity component as of December 2025.
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $109.62 Million | 25.92% |
| Common Stock | $247.00K | 0.06% |
| Other Comprehensive Income | $-2.67 Million | -0.63% |
| Other Components | $315.70 Million | 74.65% |
| Total Equity | $422.90 Million | 100.00% |
Primis Financial Corp Competitors by Market Cap
The table below lists competitors of Primis Financial Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Changshu Ruite Electric Co Ltd
SHE:300600
|
$367.70 Million |
|
Tsogo Sun
JSE:TSG
|
$367.71 Million |
|
Checkpoint Therapeutics Inc
NASDAQ:CKPT
|
$367.72 Million |
|
Van de Velde NV
BR:VAN
|
$367.83 Million |
|
Korea Petro Chemical Ind
KO:006650
|
$367.48 Million |
|
BETTER COLLECTIVE EO-01
F:9C8
|
$367.44 Million |
|
Brunel International NV
AS:BRNL
|
$367.43 Million |
|
Thinkingdom Media Group Ltd
SHG:603096
|
$367.43 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Primis Financial Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 351,756,000 to 422,896,000, a change of 71,140,000 (20.2%).
- Net income of 61,443,000 contributed positively to equity growth.
- Dividend payments of 9,873,000 reduced retained earnings.
- Share repurchases of 807,000 reduced equity.
- Other comprehensive income increased equity by 18,562,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $61.44 Million | +14.53% |
| Dividends Paid | $9.87 Million | -2.33% |
| Share Repurchases | $807.00K | -0.19% |
| Other Comprehensive Income | $18.56 Million | +4.39% |
| Other Changes | $1.81 Million | +0.43% |
| Total Change | $- | 20.22% |
Book Value vs Market Value Analysis
This analysis compares Primis Financial Corp's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.87x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 1.70x to 0.87x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-12-31 | $8.73 | $14.82 | x |
| 2005-12-31 | $7.68 | $14.82 | x |
| 2006-12-31 | $14.14 | $14.82 | x |
| 2007-12-31 | $10.07 | $14.82 | x |
| 2008-12-31 | $10.12 | $14.82 | x |
| 2009-12-31 | $12.85 | $14.82 | x |
| 2010-12-31 | $8.55 | $14.82 | x |
| 2011-12-31 | $8.55 | $14.82 | x |
| 2012-12-31 | $8.90 | $14.82 | x |
| 2013-12-31 | $9.17 | $14.82 | x |
| 2014-12-31 | $9.56 | $14.82 | x |
| 2015-12-31 | $9.70 | $14.82 | x |
| 2016-12-31 | $10.17 | $14.82 | x |
| 2017-12-31 | $17.27 | $14.82 | x |
| 2018-12-31 | $14.35 | $14.82 | x |
| 2019-12-31 | $15.51 | $14.82 | x |
| 2020-12-31 | $117.60 | $14.82 | x |
| 2021-12-31 | $130.31 | $14.82 | x |
| 2022-12-31 | $15.99 | $14.82 | x |
| 2023-12-31 | $152.32 | $14.82 | x |
| 2024-12-31 | $14.25 | $14.82 | x |
| 2025-12-31 | $17.13 | $14.82 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Primis Financial Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 14.53%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 19.66%
- • Asset Turnover: 0.08x
- • Equity Multiplier: 9.57x
- Recent ROE (14.53%) is above the historical average (3.48%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 4.54% | 18.82% | 0.02x | 11.91x | $-449.28K |
| 2005 | -6.98% | -134.61% | 0.01x | 3.80x | $-5.49 Million |
| 2006 | 1.48% | 9.15% | 0.04x | 4.26x | $-5.81 Million |
| 2007 | 2.51% | 7.85% | 0.06x | 5.45x | $-5.19 Million |
| 2008 | 1.76% | 4.68% | 0.06x | 6.28x | $-5.67 Million |
| 2009 | -4.82% | -26.15% | 0.03x | 6.29x | $-14.39 Million |
| 2010 | 4.09% | 10.76% | 0.06x | 5.96x | $-5.86 Million |
| 2011 | 4.44% | 12.27% | 0.06x | 6.17x | $-5.50 Million |
| 2012 | 6.37% | 16.56% | 0.05x | 7.00x | $-3.75 Million |
| 2013 | 5.87% | 16.97% | 0.05x | 6.72x | $-4.40 Million |
| 2014 | 6.57% | 18.76% | 0.04x | 8.04x | $-3.91 Million |
| 2015 | 7.76% | 20.18% | 0.04x | 8.66x | $-2.67 Million |
| 2016 | 8.16% | 20.36% | 0.04x | 9.04x | $-2.32 Million |
| 2017 | 0.75% | 2.74% | 0.03x | 8.10x | $-29.85 Million |
| 2018 | 9.67% | 26.45% | 0.05x | 7.76x | $-1.14 Million |
| 2019 | 8.79% | 25.44% | 0.05x | 7.22x | $-4.56 Million |
| 2020 | 0.80% | 17.49% | 0.04x | 1.08x | $-263.53 Million |
| 2021 | 0.97% | 25.15% | 0.04x | 1.06x | $-289.47 Million |
| 2022 | 3.59% | 9.99% | 0.04x | 9.06x | $-25.29 Million |
| 2023 | 0.26% | 7.33% | 0.03x | 1.03x | $-366.07 Million |
| 2024 | -4.61% | -6.38% | 0.07x | 10.49x | $-51.38 Million |
| 2025 | 14.53% | 19.66% | 0.08x | 9.57x | $19.15 Million |
Industry Comparison
This section compares Primis Financial Corp's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $308,911,800
- Average return on equity (ROE) among peers: 0.08%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Primis Financial Corp (FRST) | $433.83 Million | 4.54% | 9.04x | $367.52 Million |
| Ameris Bancorp (ABCB) | $71.80 Million | 9.61% | 9.10x | $4.95 Billion |
| Ameris Bancorp (ABCB) | $30.50 Million | 10.16% | 8.60x | $5.57 Billion |
| ACNB Corporation (ACNB) | $62.69 Million | 13.30% | 9.05x | $645.30 Million |
| Affinity Bancshares Inc (AFBI) | $76.38 Million | 0.59% | 3.01x | $140.18 Million |
| Alerus Financial Corp (ALRS) | $196.95 Million | 13.13% | 10.06x | $829.34 Million |
| Amalgamated Bank (AMAL) | $794.46 Million | 13.15% | 10.16x | $1.27 Billion |
| Amerant Bancorp Inc. (AMTB) | $901.22 Million | 12.53% | 7.48x | $979.96 Million |
| Arrow Financial Corporation (AROW) | $34.90 Million | -95.70% | 21.06x | $715.76 Million |
| Associated Banc-Corp (ASB) | $803.60 Million | 13.32% | 11.60x | $5.84 Billion |
| AmeriServ Financial Inc (ASRV) | $116.60 Million | 10.72% | 9.65x | $77.09 Million |
About Primis Financial Corp
Primis Financial Corp. operates as the bank holding company for Primis Bank that provides various financial services to individuals, and small and medium sized businesses in the United States. The company offers deposit products, including checking, NOW, savings, and money market accounts, as well as certificates of deposits; and commercial deposit products comprising investment/sweep accounts, w… Read more