Primis Financial (FRST) Q3 FY26 earnings call

Primis Financial delivered strong Q3 FY26 results, driven by robust core bank performance and significant net interest margin expansion. The company is actively rightsizing its mortgage business through cost reductions to adapt to higher interest rates, while maintaining a focus on capital accretion and achieving a 1% operating return on assets. Strategic deposit growth initiatives, including the Banking Valet platform, are bolstering a stable and low-cost funding base.