XNASFRST
Market cap271mUSD
Jan 08, Last price
10.59USD
1D
-1.52%
1Q
-4.26%
Jan 2017
-32.68%
IPO
-20.92%
Name
Primis Financial Corp
Chart & Performance
Profile
Primis Financial Corp. operates as the bank holding company for Primis Bank that provides a range of financial services to individuals and small and medium sized businesses in the United States. Its deposit products include checking, NOW, savings, and money market accounts, as well as certificates of deposits. The company also offers commercial business and real estate, construction, secured asset based, small business administration, mortgage warehouse lending products, as well as financing for medical, dental, and veterinary businesses; residential mortgage, trust mortgage, home equity lines of credit, secured and unsecured personal, and consumer loans, as well as life insurance premium financing and demand loans. It also offers cash management services comprising investment/sweep, zero balance, and controlled disbursement accounts; and wire transfer, employer/payroll processing, night depository, depository transfer, merchant, ACH origination, and remote deposit capture services. In addition, the company provides debit cards, ATM services, notary services, and mobile and online banking. As of December 31, 2021, it operated forty full-service branches in Virginia and Maryland. The company was formerly known as Southern National Bancorp of Virginia, Inc. and changed its name to Primis Financial Corp. Primis Financial Corp. was founded in 2004 and is based in McLean, Virginia.
Valuation
Title USD in thousands, except ratios and share amounts | FY | FY | FY | FY | FY | FY | FY | FY | FY |
---|---|---|---|---|---|---|---|---|---|
2023‑12 | 2022‑12 | 2021‑12 | 2020‑12 | 2019‑12 | 2018‑12 | 2017‑12 | 2016‑12 | 2015‑12 | |
Income | |||||||||
Revenues | 143,961 14.42% | 125,815 21.06% | |||||||
Cost of revenue | 71,680 | 62,472 | |||||||
Unusual Expense (Income) | |||||||||
NOPBT | 72,281 | 63,343 | |||||||
NOPBT Margin | 50.21% | 50.35% | |||||||
Operating Taxes | (1,067) | 4,535 | |||||||
Tax Rate | 7.16% | ||||||||
NOPAT | 73,348 | 58,808 | |||||||
Net income | (7,832) -144.15% | 17,741 -43.23% | |||||||
Dividends | (9,875) | (9,853) | |||||||
Dividend yield | 3.16% | 3.37% | |||||||
Proceeds from repurchase of equity | (31) | 561 | |||||||
BB yield | 0.01% | -0.19% | |||||||
Debt | |||||||||
Debt current | 333,551 | ||||||||
Long-term debt | 169,360 | 431,846 | |||||||
Deferred revenue | (3,031) | ||||||||
Other long-term liabilities | 3,301,279 | 2,751,055 | |||||||
Net debt | (223,124) | 201,388 | |||||||
Cash flow | |||||||||
Cash from operating activities | 28,818 | 13,105 | |||||||
CAPEX | (1,924) | (1,012) | |||||||
Cash from investing activities | (312,756) | (617,511) | |||||||
Cash from financing activities | 283,632 | 152,098 | |||||||
FCF | (1,868,303) | 639,080 | |||||||
Balance | |||||||||
Cash | 230,283 | 314,174 | |||||||
Long term investments | 162,201 | 249,835 | |||||||
Excess cash | 385,286 | 557,718 | |||||||
Stockholders' equity | 84,045 | 81,681 | |||||||
Invested Capital | 3,772,501 | 1,136,891 | |||||||
ROIC | 2.99% | 5.20% | |||||||
ROCE | 1.87% | 5.19% | |||||||
EV | |||||||||
Common stock shares outstanding | 24,686 | 24,669 | |||||||
Price | 12.66 6.84% | 11.85 -21.21% | |||||||
Market cap | 312,528 6.91% | 292,328 -20.99% | |||||||
EV | 110,836 | 493,716 | |||||||
EBITDA | 81,374 | 70,776 | |||||||
EV/EBITDA | 1.36 | 6.98 | |||||||
Interest | 93,907 | 21,587 | |||||||
Interest/NOPBT | 129.92% | 34.08% |