Primis Historical Income Statement

FRST Stock  USD 12.50  0.09  0.71%   
Historical analysis of Primis Financial income statement accounts such as Total Revenue of 142.4 M or Gross Profit of 226.1 M can show how well Primis Financial Corp performed in making a profits. Evaluating Primis Financial income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Primis Financial's future profits or losses.
 
Housing Crash
 
Credit Downgrade
 
Yuan Drop
 
Covid
Financial Statement Analysis is much more than just reviewing and examining Primis Financial Corp latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Primis Financial Corp is a good buy for the upcoming year.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Primis Financial Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

About Primis Income Statement Analysis

Primis Financial Corp Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Primis Financial shareholders. The income statement also shows Primis investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

Primis Financial Income Statement Chart

At this time, Primis Financial's Income Before Tax is comparatively stable compared to the past year. Net Income is likely to gain to about 11.2 M in 2024, whereas Total Other Income Expense Net is likely to drop (13 M) in 2024.

Total Revenue

Total revenue comprises all receipts Primis Financial Corp generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Primis Financial Corp minus its cost of goods sold. It is profit before Primis Financial operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Primis Financial Corp. It is also known as Primis Financial overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.
Most accounts from Primis Financial's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Primis Financial Corp current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Primis Financial Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.
At this time, Primis Financial's Income Before Tax is comparatively stable compared to the past year. Net Income is likely to gain to about 11.2 M in 2024, whereas Total Other Income Expense Net is likely to drop (13 M) in 2024.
 2021 2022 2023 2024 (projected)
Gross Profit94.3M115.4M215.4M226.1M
Total Revenue103.9M125.8M135.6M142.4M

Primis Financial income statement Correlations

0.330.28-0.43-0.75-0.730.230.30.71-0.940.36-0.140.30.250.980.460.71-0.280.29-0.29-0.43-0.51-0.930.9-0.16
0.330.790.640.350.320.780.740.69-0.360.9-0.580.870.580.180.85-0.020.740.430.710.620.27-0.10.060.18
0.280.790.70.370.290.720.740.68-0.340.78-0.020.760.540.220.74-0.260.710.350.770.61-0.15-0.120.10.48
-0.430.640.70.920.80.620.560.20.350.57-0.190.570.43-0.510.42-0.690.940.220.950.920.40.56-0.570.49
-0.750.350.370.920.920.350.26-0.180.670.27-0.130.290.19-0.810.12-0.80.810.030.820.860.570.82-0.830.4
-0.730.320.290.80.920.150.08-0.30.580.27-0.090.320.07-0.80.16-0.590.73-0.060.730.80.660.8-0.810.15
0.230.780.720.620.350.150.980.84-0.220.84-0.40.780.70.160.75-0.170.660.550.670.560.05-0.090.080.28
0.30.740.740.560.260.080.980.88-0.320.85-0.260.780.710.260.77-0.090.590.590.60.45-0.07-0.210.140.27
0.710.690.680.2-0.18-0.30.840.88-0.690.8-0.250.720.650.670.790.270.30.570.310.15-0.32-0.580.570.1
-0.94-0.36-0.340.350.670.58-0.22-0.32-0.69-0.450.05-0.38-0.37-0.92-0.53-0.770.18-0.410.20.330.470.85-0.860.32
0.360.90.780.570.270.270.840.850.8-0.45-0.410.970.650.260.960.10.630.490.630.530.09-0.180.140.02
-0.14-0.58-0.02-0.19-0.13-0.09-0.4-0.26-0.250.05-0.41-0.41-0.260.0-0.39-0.13-0.29-0.21-0.18-0.25-0.45-0.030.030.12
0.30.870.760.570.290.320.780.780.72-0.380.97-0.410.460.20.980.040.590.290.640.550.14-0.120.10.05
0.250.580.540.430.190.070.70.710.65-0.370.65-0.260.460.210.440.140.580.920.440.34-0.01-0.160.12-0.09
0.980.180.22-0.51-0.81-0.80.160.260.67-0.920.260.00.20.210.370.7-0.380.27-0.37-0.52-0.65-0.960.93-0.14
0.460.850.740.420.120.160.750.770.79-0.530.96-0.390.980.440.370.170.480.310.540.430.02-0.270.270.0
0.71-0.02-0.26-0.69-0.8-0.59-0.17-0.090.27-0.770.1-0.130.040.140.70.17-0.520.26-0.61-0.63-0.16-0.710.68-0.77
-0.280.740.710.940.810.730.660.590.30.180.63-0.290.590.58-0.380.48-0.520.460.950.910.40.44-0.450.35
0.290.430.350.220.03-0.060.550.590.57-0.410.49-0.210.290.920.270.310.260.460.280.17-0.06-0.250.17-0.2
-0.290.710.770.950.820.730.670.60.310.20.63-0.180.640.44-0.370.54-0.610.950.280.970.310.48-0.380.43
-0.430.620.610.920.860.80.560.450.150.330.53-0.250.550.34-0.520.43-0.630.910.170.970.460.65-0.460.32
-0.510.27-0.150.40.570.660.05-0.07-0.320.470.09-0.450.14-0.01-0.650.02-0.160.4-0.060.310.460.61-0.63-0.21
-0.93-0.1-0.120.560.820.8-0.09-0.21-0.580.85-0.18-0.03-0.12-0.16-0.96-0.27-0.710.44-0.250.480.650.61-0.80.11
0.90.060.1-0.57-0.83-0.810.080.140.57-0.860.140.030.10.120.930.270.68-0.450.17-0.38-0.46-0.63-0.8-0.27
-0.160.180.480.490.40.150.280.270.10.320.020.120.05-0.09-0.140.0-0.770.35-0.20.430.32-0.210.11-0.27
Click cells to compare fundamentals

Primis Financial Account Relationship Matchups

Primis Financial income statement Accounts

201920202021202220232024 (projected)
Depreciation And Amortization9.6M6.3M2.4M3.8M(23.6M)(22.4M)
Interest Expense36.9M26.1M19.0M21.6M10.1M13.4M
Selling General Administrative30.3M41.4M42.3M49.0M15.7M17.6M
Total Revenue93.5M99.8M103.9M125.8M135.6M142.4M
Gross Profit83.3M91.8M94.3M115.4M215.4M226.1M
Other Operating Expenses54.2M69.9M64.0M18.3M124.4M130.6M
Operating Income39.2M29.9M40.0M50.0M23.6M25.2M
Ebit31.1M31.8M45.4M47.5M13.5M24.1M
Ebitda40.7M38.1M47.8M51.3M(10.1M)(9.6M)
Total Operating Expenses(54.2M)(69.9M)(64.0M)7.9M124.4M130.6M
Income Before Tax39.2M29.9M39.7M22.3M11.2M15.3M
Total Other Income Expense Net(67.5M)8.5M8.7M(1.4M)(12.4M)(13.0M)
Net Income33.2M23.3M31.2M17.7M9.9M11.2M
Income Tax Expense6.1M6.6M8.7M4.5M3.6M4.4M
Cost Of Revenue10.2M8.0M9.6M10.4M(79.8M)(75.8M)
Net Income Applicable To Common Shares33.2M23.3M31.2M17.7M20.4M12.6M
Net Income From Continuing Ops33.2M23.3M31.0M17.7M5.4M5.2M
Non Operating Income Net Other4.3M2.8M(3.2M)(34.1M)(30.7M)(29.2M)
Tax Provision6.1M6.6M8.7M4.5M3.8M5.5M
Net Interest Income83.6M91.6M94.2M104.5M111.3M88.1M
Interest Income120.5M117.8M113.2M126.1M189.0M117.5M
Reconciled Depreciation8.2M8.2M1.4M1.3M9.4M9.9M

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Explore Investing Ideas  

Additional Tools for Primis Stock Analysis

When running Primis Financial's price analysis, check to measure Primis Financial's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Primis Financial is operating at the current time. Most of Primis Financial's value examination focuses on studying past and present price action to predict the probability of Primis Financial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Primis Financial's price. Additionally, you may evaluate how the addition of Primis Financial to your portfolios can decrease your overall portfolio volatility.