Primis Financial Corp Overview
Pro stress-test →Primis Financial Corp is the bank holding company for Primis Bank, a Virginia state-chartered bank providing financial services to individuals and small- and medium-sized businesses through approximately 24 full-service branches in Virginia and Maryland plus online and mobile applications. The company operates across community banking and mortgage lending, with recent strategic initiatives including property sales and operational optimization.
Strategic Profile
Pro stress-test →Primis focuses on community banking, mortgage lending, and national lending businesses including mortgage warehouse lending and specialized consumer lending divisions. Recent strategic actions include a significant sale-leaseback of 18 branch properties generating $58 million in proceeds and a $51 million gain, with management expecting improved run-rate profitability in 2026.
Competitive Landscape
Pro stress-test →Primis competes in the regional banking space with other community banks including SB Financial Group, Civista Bancshares, Blue Ridge Bankshares, CB Financial Services, PSB Holdings, Origin Bancorp, MVB Financial Corp, and HBT Financial. The company differentiates through mortgage warehouse lending and specialized consumer lending operations.
Industry Context
Primis Financial Corp operates in Regional Banking & Community Bank Holding.
Key facts
Founded: 2004 · Headquarters: McLean, Virginia · Market cap: $0.34B