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Primis Financial (Primis Financial) Gross-Profit-to-Asset % : 3.87% (As of Sep. 2023)


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What is Primis Financial Gross-Profit-to-Asset %?

Gross-Profit-to-Asset % is calculated as Gross Profit divided by its average Total Assets over a certain period of time. Primis Financial's annualized Gross Profit for the quarter that ended in Sep. 2023 was $148.3 Mil. Primis Financial's average Total Assets over the quarter that ended in Sep. 2023 was $3,831.1 Mil. Therefore, Primis Financial's annualized Gross-Profit-to-Asset % for the quarter that ended in Sep. 2023 was 3.87%.


Primis Financial Gross-Profit-to-Asset % Historical Data

The historical data trend for Primis Financial's Gross-Profit-to-Asset % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Primis Financial Gross-Profit-to-Asset % Chart

Primis Financial Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross-Profit-to-Asset %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.45 3.63 3.22 3.60 4.04

Primis Financial Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Gross-Profit-to-Asset % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.69 4.11 3.44 3.87 4.08

Competitive Comparison of Primis Financial's Gross-Profit-to-Asset %

For the Banks - Regional subindustry, Primis Financial's Gross-Profit-to-Asset %, along with its competitors' market caps and Gross-Profit-to-Asset % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Primis Financial's Gross-Profit-to-Asset % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Primis Financial's Gross-Profit-to-Asset % distribution charts can be found below:

* The bar in red indicates where Primis Financial's Gross-Profit-to-Asset % falls into.



Primis Financial Gross-Profit-to-Asset % Calculation

Primis Financial's annualized Gross-Profit-to-Asset % for the fiscal year that ended in Dec. 2022 is calculated as:

Gross-Profit-to-Asset %=Gross Profit (A: Dec. 2022 )/( (Total Assets (A: Dec. 2021 )+Total Assets (A: Dec. 2022 ))/ count )
=125.743/( (3407.353+3571.537)/ 2 )
=125.743/3489.445
=3.60 %

Primis Financial's annualized Gross-Profit-to-Asset % for the quarter that ended in Sep. 2023 is calculated as:

Gross-Profit-to-Asset %=Gross Profit (Q: Sep. 2023 )/( (Total Assets (Q: Jun. 2023 )+Total Assets (Q: Sep. 2023 ))/ count )
=148.268/( (3848.493+3813.775)/ 2 )
=148.268/3831.134
=3.87 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual Gross-Profit-to-Asset %, the Gross Profit of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data, the Gross Profit data used here is four times the quarterly (Sep. 2023) data. Gross-Profit-to-Asset % is displayed in the 30-year financial page.


Primis Financial Gross-Profit-to-Asset % Related Terms

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Primis Financial (Primis Financial) Business Description

Traded in Other Exchanges
Address
6830 Old Dominion Drive, McLean, VA, USA, 22101
Primis Financial Corp is the bank holding company for Primis Bank, providing financial services to individuals and small and medium-sized businesses. Primis Bank offers a wide range of commercial banking services, it focuses on making loans secured majorly by commercial real estate and other types of secured and unsecured commercial loans to small and medium-sized businesses in a number of industries, as well as loans to individuals for a variety of purposes. Primis Bank offers a broad range of deposit products, including checking (NOW), savings, money market accounts and certificates of deposit.
Executives
Rickey Allen Fulk officer: EVP, President 1194 ELSOM MASCOT ROAD, MATTAPONI VA 23110
Charles A Kabbash director 308 EAST MARKET ST., CHARLOTTESVILLE VA 22902
Clinton Tyler Stafford officer: Pres Panacea Financial 4612 CLUB ROAD, LITTLE ROCK AR 72207
Susan B Williamson officer: EVP, Director of Reg Relations 32482 JENKINS MILL ROAD, FRANKLIN VA 23851
William Rand Cook director 4459 CROWN HILL ROAD, MECHANICSVILLE VA 23111
Robert Yates Clagett director 17017 RIVER AIRPORT ROAD, BRANDYWINE MD 20613
Eric Alan Johnson director P O BOX 517, URBANNA VA 23175
Matthew Alan Switzer officer: EVP, CFO 6830 OLD DOMINION DRIVE, MCLEAN VA 22101
Jones Allen R Jr. director 304 MARCELLA ROAD, SUITE E, HAMPTON VA 23666
Garrett F L Iii director 268 CATHCHPENNY LANE, BOWLERS WHARF VA 22560
John Fitzgerald Biagas director 627 36TH STREET, NEWPORT NEWS VA 23607
Ann-stanton C Gore officer: EVP, Chief Marketing Officer 1700 WOODLAKE DRIVE, COLUMBIA SC 29206
Barry P Almond officer: EVP, Head of Retail/Marketing 14319 NICOLAY WAY, MIDLOTHIAN VA 23114
Deborah Diaz director 6830 OLD DOMINION DRIVE, MCLEAN VA 22101
Julia E Fredricks officer: EVP, Chief Risk Officer 11032 SLENDERLEAF DRIVE, GLEN ALLEN VA 23060