← Atgal

provider: openai_compatible | deep: glm-5.3-flash | quick: glm-5.3-flash
Analyzing FRST for 2026-10-15
================================ Human Message =================================

FRST
================================== Ai Message ==================================
Tool Calls:
get_stock_data (chatcmpl-tool-b8db7e95597ae6be)
Call ID: chatcmpl-tool-b8db7e95597ae6be
Args:
end_date: 2026-10-15
start_date: 2026-07-01
symbol: FRST
get_verified_market_snapshot (chatcmpl-tool-909b185c2150416d)
Call ID: chatcmpl-tool-909b185c2150416d
Args:
curr_date: 2026-10-15
symbol: FRST
================================= Tool Message =================================
Name: get_verified_market_snapshot

Verified market data snapshot for FRST

• Requested analysis date: 2026-10-15
• Latest trading row used: 2026-10-14
• Rows after the requested analysis date are excluded before verification.

Latest verified OHLCV row

Field	Value
Open	15.18
High	15.36
Low	15.09
Close	15.25
Volume	116600

Verified technical indicators (latest row)

Indicator	Value
close_10_ema	15.38
close_50_sma	15.92
close_200_sma	14.58
rsi	39.43
boll	15.51
boll_ub	15.96
boll_lb	15.07
macd	-0.17
macds	-0.17
macdh	-0.01
atr	0.32

Recent verified closes (last 30 rows)

Date	Close
2026-09-02	16.00
2026-09-03	16.11
2026-09-04	16.38
2026-09-08	16.11
2026-09-09	15.96
2026-09-10	16.10
2026-09-11	16.15
2026-09-14	16.15
2026-09-15	16.14
2026-09-16	15.78
2026-09-17	15.83
2026-09-18	15.91
2026-09-21	15.92
2026-09-22	15.81
2026-09-23	15.49
2026-09-24	15.59
2026-09-25	15.69
2026-09-28	15.54
2026-09-29	15.37
2026-09-30	15.28
2026-10-01	15.39
2026-10-02	15.62
2026-10-05	15.51
2026-10-06	15.48
2026-10-07	15.25
2026-10-08	15.33
2026-10-09	15.25
2026-10-12	15.35
2026-10-13	15.37
2026-10-14	15.25

Use this snapshot as the source of truth for exact OHLCV, price-level, and indicator-value claims. If another tool output conflicts with it, flag the discrepancy rather than inventing a reconciled number. Do not claim historical validation, support/resistance bounces, or exact percentage moves unless directly supported by tool output with concrete dates and prices.
================================== Ai Message ==================================
Tool Calls:
get_indicators (chatcmpl-tool-b647e3c6e5bb7180)
Call ID: chatcmpl-tool-b647e3c6e5bb7180
Args:
curr_date: 2026-10-15
indicator: vwma
symbol: FRST
get_indicators (chatcmpl-tool-a262caa558ebc792)
Call ID: chatcmpl-tool-a262caa558ebc792
Args:
curr_date: 2026-10-15
indicator: macd
symbol: FRST
================================= Tool Message =================================
Name: get_indicators

macd values from 2026-09-15 to 2026-10-15:

2026-10-15: N/A: Not a trading day (weekend or holiday)
2026-10-14: -0.17190019313450655
2026-10-13: -0.17007180155484214
2026-10-12: -0.17748250753656158
2026-10-11: N/A: Not a trading day (weekend or holiday)
2026-10-10: N/A: Not a trading day (weekend or holiday)
2026-10-09: -0.18232338628178013
2026-10-08: -0.17566827433011412
2026-10-07: -0.1727642033170742
2026-10-06: -0.158399172034839
2026-10-05: -0.16117831572361752
2026-10-04: N/A: Not a trading day (weekend or holiday)
2026-10-03: N/A: Not a trading day (weekend or holiday)
2026-10-02: -0.1654357171706735
2026-10-01: -0.17966333690229774
2026-09-30: -0.17179153324983965
2026-09-29: -0.14804540123218146
2026-09-28: -0.1247469660661249
2026-09-27: N/A: Not a trading day (weekend or holiday)
2026-09-26: N/A: Not a trading day (weekend or holiday)
2026-09-25: -0.1105042879885989
2026-09-24: -0.1059908049401681
2026-09-23: -0.08850651494732631
2026-09-22: -0.05472097848030977
2026-09-21: -0.043384291004366915
2026-09-20: N/A: Not a trading day (weekend or holiday)
2026-09-19: N/A: Not a trading day (weekend or holiday)
2026-09-18: -0.03948347616396575
2026-09-17: -0.032912107719131
2026-09-16: -0.01590048365083163
2026-09-15: 0.011134742978811119

MACD: Computes momentum via differences of EMAs. Usage: Look for crossovers and divergence as signals of trend changes. Tips: Confirm with other indicators in low-volatility or sideways markets.
================================== Ai Message ==================================

FINAL TRANSACTION PROPOSAL: HOLD

FRST (Primis Financial Corp.) — Technical Analysis Report, as of 2026-10-15

1. Market Context

FRST is a regional bank (Financial Services / Banks – Regional, Nasdaq NGM) trading in a narrow, low-volatility range — typical of dividend-paying community bank stocks. All exact figures below are verified against the market snapshot.

2. Price Trend

• Latest verified close (2026-10-14): $15.25 (O 15.18 / H 15.36 / L 15.09).
• Medium-term downtrend: Price has slid from the early-August peak zone (~16.33–16.67 close on 2026-08-05 to 08-13, high of 16.88 on 08-13) to a nine-week low region of 15.09–15.25 in October — roughly a 6% decline from the August highs.
• Stalling/landing: From the late-September close of 15.28 (09-30) through 10-14, closes have oscillated between 15.25 and 15.62, suggesting the down move has lost momentum and is consolidating rather than accelerating lower. No volume expansion accompanies recent declines (recent volume mostly 70k–170k vs. ~300k spikes on earlier distribution days), a mildly constructive sign.

3. Indicator Readouts (as of 2026-10-14, verified)

• close_10_ema: 15.38 — price (15.25) is below it; short-term momentum still bearish.
• close_50_sma: 15.92 — price well below; medium-term trend is down.
• close_200_sma: 14.58 — price still well above; the long-term strategic uptrend is intact. The current pullback could be viewed as a correction within a larger uptrend rather than a trend-change — a key nuance.
• RSI: 39.43 — middling, closer to weakness but not oversold. It is not flashing a reversal signal; it's consistent with a mild, orderly downtrend.
• Bollinger Bands: middle 15.51, upper 15.96, lower 15.07 — price sits in the lower half of the band, near (but not at) the lower band at 15.07. The 15.07 lower band aligns approximately with the recent intraday low of 15.09 (10-14) — a natural near-term downside reference. A decisive close below ~15.05–15.07 would be a genuine breakdown signal.
• MACD: -0.17, signal -0.17, histogram -0.01 — bearish but flattening; the histogram is nearly zero and the MACD line has been oscillating between -0.15 and -0.18 since early October, indicating downside momentum is stabilizing (not making new lows in momentum while price grinds sideways).
• ATR: 0.32 (~2% of price) — very low volatility, typical of a quiet consolidation; low odds of violent moves absent news, but also limited upside follow-through.
• VWMA (20-day): 15.38, falling steadily from 16.06 on 09-15 — price below the volume-weighted average means recent average buyers are underwater; distribution has outweighed accumulation.

4. Key Levels

• Support: ~15.05–15.10 (recent lows 15.09 / 15.07 boll_lb). A daily close below 15.05 would break the consolidation and open the door toward the 200-day SMA near 14.58.
• Resistance: ~15.50 (Bollinger middle / VWMA 15.38–15.51), then ~15.90–16.00 (50 SMA / Bollinger upper 15.96), a former trading pivot in early August.

5. Countervailing Signals / Nuances

1. The 200-SMA is ~4.4% below price and rising context is unclear from a 30-day window — but the price vs. 200-SMA gap remains wide, meaning the multi-month trend has been constructive; the current phase is a correction inside it.
2. The MACD histogram nearing zero with RSI near 40 mid-life is a sign of consolidation, not capitulation — failing downtrend momentum, but no confirmed reversal yet.
3. This is a small, thinly traded name (~100k–150k shares/day); signals can be noisy and moves lopsided; use limit orders and modest position sizes.
4. There was a $0.10 dividend recorded ex-date on 2026-08-07 in the data — modest yield support (quarterly $0.10 = ~2.6% annualized at these prices), relevant to HOLD psychology but not a trade trigger.

6. Tactical Take

• HOLD / wait-and-see. The stock is in a low-volatility consolidation after an August rally, sitting just above the lower Bollinger band with the long-term 200-SMA intact.
• Bearish case activation: a confirmed daily close below 15.05 (lower band / recent lows) — would suggest targeting the 14.58 200-SMA zone.
• Bullish case activation: a daily close above ~15.50 (VWMA/Bollinger middle), confirming a reclaim of the consolidation's upper zone; a push above 15.96 (upper band/50-SMA) would reassert the August uptrend.
• Risk/reward currently offers no edge — price is stuck between these activation levels.

Signal / Level	Reading	Date Verified	Interpretation
Close	$15.25	10-14	Near 9-week low zone, consolidating
10 EMA	15.38	10-14	Price below → mild short-term bearish
50 SMA	15.92	10-14	Medium-term downtrend pressure
200 SMA	14.58	10-14	Long-term strategic trend still intact up
RSI	39.43	10-14	Middling, no reversal signal
Bollinger mid	15.51	10-14	Key near-term resistance
Bollinger lower	15.07	10-14	First support / breakdown threshold
MACD / hist	-0.17 / -0.01	10-14	Bearish but flattening, momentum stabilizing
ATR	0.32	10-14	Very low volatility; range-bound
VWMA	15.38 (falling)	10-14	Volume-weighted trend still bearish
Key support	~15.05–15.10	10-14	Break below → 14.58 target
Key resistance	~15.50 / 15.96	10-14	Reclaim above → trend reversal signal
================================ Human Message =================================

Proceed with your assigned analysis for this workflow. The instrument to analyze is FRST. Use this exact ticker in every tool call, report, and recommendation, preserving any exchange suffix (e.g. .TO, .L, .HK, .T, -USD). Resolved identity: Company: Primis Financial Corp.; Business classification: Financial Services / Banks - Regional; Exchange: NGM. Do not substitute a different company or ticker unless a tool result explicitly disproves this resolved identity. The analysis date is 2026-10-15.
================================== Ai Message ==================================

Overall Sentiment: Neutral (Score: 5.0/10)
Confidence: Low

FRST (Primis Financial Corp.) — Sentiment Report, 2026-10-08 to 2026-10-15

1. Source-by-source breakdown

News (Yahoo Finance, past 7 days)

No news found for FRST. Zero institutional news items in the window. This means no analyst upgrades/downgrades, no earnings pre-announcements, no regulatory or M&A headlines, and no macro-attributed coverage surfaced. Banks - regional small caps often go long stretches with thin news flow, but the absence of coverage is itself informative: institutional attention is muted heading into the Q3 earnings date.

StockTwits (retail social)

Only 1 message in the window — an unlabeled post from @focafoca99 (2026-10-14T21:47:59Z) noting that $FRST reports Q3 2026 earnings on Oct 22, with a conference call the following day. Zero bullish labels, zero bearish labels. This is a purely informational/factual post (event relay), not an opinion signal. Sample size (n=1) is far too small for any directional read; the transcript-generator flagged low data quality accordingly.

Reddit (r/wallstreetbets, r/stocks, r/investing)

No posts mentioning FRST in any of the three subreddits in the past 7 days. Zero community attention — no upvote-weighted engagement to assess, no thesis threads, no contrarian signal. FRST is effectively invisible to the retail investing community beyond the single StockTwits ping.

2. Cross-source divergences and alignments

No meaningful divergences or alignments exist — every source is silent except for one factual earnings-calendar note. Alignment is trivially consistent (silence + silence + neutral informational post).

3. Dominant narrative themes

• Upcoming earnings catalyst: The single dominant theme is the Q3 2026 earnings release on Oct 22 with the call on Oct 23 — 8 days after this report's date. All current "sentiment" is pre-catalyst waiting.
• Low visibility / off-the-radar micro-cap regional bank: the near-total absence of coverage across institutional news, retail social, and Reddit indicates sentiment is undefined rather than negative.

4. Catalysts and risks surfaced by the data

• Catalyst: Q3 2026 earnings on Oct 22; NIM, credit quality, and any capital-return signals on the Oct 23 call could establish a directional narrative where none currently exists.
• Risk: Thin sentiment coverage cuts both ways — low retail/social attention means any earnings surprise could be amplified with little pre-positioning, but also means there is no community momentum to support the name. Absence of news flow pre-earnings offers noLeading-indicator read.

5. Summary table

Signal	Direction	Source	Supporting evidence
Institutional news flow	Neutral (silent)	Yahoo News	0 articles in past 7 days
Retail social sentiment	Neutral / informational only	StockTwits	1 unlabeled message (0 bull / 0 bear); relays Oct 22 earnings date
Community engagement	Neutral (silent)	Reddit	0 posts across WSB, r/stocks, r/investing
Event catalyst	Watch	StockTwits	Q3 2026 earnings Oct 22; call Oct 23

Conclusion: FRST is a data-silent name over the window. Sentiment is best characterized as genuinely un-committal across all three sources rather than scattered in opposite directions, hence Neutral with low confidence. The Oct 22/23 earnings event is the key inflection point; traders should weigh fundamentals and technicals directly rather than rely on this sentiment read, which carries minimal signal content.
================================ Human Message =================================

Proceed with your assigned analysis for this workflow. The instrument to analyze is FRST. Use this exact ticker in every tool call, report, and recommendation, preserving any exchange suffix (e.g. .TO, .L, .HK, .T, -USD). Resolved identity: Company: Primis Financial Corp.; Business classification: Financial Services / Banks - Regional; Exchange: NGM. Do not substitute a different company or ticker unless a tool result explicitly disproves this resolved identity. The analysis date is 2026-10-15.
================================== Ai Message ==================================
Tool Calls:
get_news (chatcmpl-tool-9feccc2fed6ec001)
Call ID: chatcmpl-tool-9feccc2fed6ec001
Args:
end_date: 2026-10-15
start_date: 2026-10-08
ticker: FRST
get_global_news (chatcmpl-tool-91ea82a3fcd8cb33)
Call ID: chatcmpl-tool-91ea82a3fcd8cb33
Args:
curr_date: 2026-10-15
look_back_days: 7
limit: 10
get_macro_indicators (chatcmpl-tool-97171c375795f46e)
Call ID: chatcmpl-tool-97171c375795f46e
Args:
curr_date: 2026-10-15
indicator: fed_funds_rate
get_macro_indicators (chatcmpl-tool-ab97dac709cd0030)
Call ID: chatcmpl-tool-ab97dac709cd0030
Args:
curr_date: 2026-10-15
indicator: 10y_treasury
get_macro_indicators (chatcmpl-tool-b68e2bbff1e9af8c)
Call ID: chatcmpl-tool-b68e2bbff1e9af8c
Args:
curr_date: 2026-10-15
indicator: yield_curve
get_prediction_markets (chatcmpl-tool-82f03a0ca8ad284b)
Call ID: chatcmpl-tool-82f03a0ca8ad284b
Args:
topic: Fed rate cut
================================= Tool Message =================================
Name: get_prediction_markets

Polymarket prediction markets: "Fed rate cut"

Live, market-implied probabilities (higher traded volume = deeper, more reliable). A probability is the crowd's priced odds of the event, not a forecast you should take as certain.

• Will no Fed rate cuts happen in 2026? — Yes 97% ($8,911,155 volume, resolves 2027-01-01, 1-week +1.3pp)
• Will 11 Fed rate cuts happen in 2026? — Yes 0% ($5,278,182 volume, resolves 2027-01-01)
• Will 10 Fed rate cuts happen in 2026? — Yes 0% ($4,957,199 volume, resolves 2027-01-01)
• Will 9 Fed rate cuts happen in 2026? — Yes 0% ($4,302,913 volume, resolves 2027-01-01)
• Will 6 Fed rate cuts happen in 2026? — Yes 0% ($4,226,401 volume, resolves 2027-01-01)
• Will 12 or more Fed rate cuts happen in 2026? — Yes 0% ($3,981,539 volume, resolves 2027-01-01)

================================== Ai Message ==================================
Tool Calls:
get_prediction_markets (chatcmpl-tool-adbf237d5e393660)
Call ID: chatcmpl-tool-adbf237d5e393660
Args:
topic: recession 2026
get_macro_indicators (chatcmpl-tool-a911108965ef14a7)
Call ID: chatcmpl-tool-a911108965ef14a7
Args:
curr_date: 2026-10-15
indicator: cpi
================================= Tool Message =================================
Name: get_macro_indicators

DATA_UNAVAILABLE: optional macro_data could not be retrieved (FRED_API_KEY environment variable is not set. Get a free key at https://fred.stlouisfed.org/docs/api/api_key.html.). Proceed without it; do not fabricate values.
================================== Ai Message ==================================
Tool Calls:
get_prediction_markets (chatcmpl-tool-94c5f26296689627)
Call ID: chatcmpl-tool-94c5f26296689627
Args:
topic: bank regional credit stress
================================= Tool Message =================================
Name: get_prediction_markets

Polymarket prediction markets: "bank regional credit stress"

Live, market-implied probabilities (higher traded volume = deeper, more reliable). A probability is the crowd's priced odds of the event, not a forecast you should take as certain.

• Bank of England increases interest rates by 25 bps after November 2026 meeting? — Yes 93% ($138,107 volume, resolves 2026-11-05, 1-week +1.5pp)
• No change in Bank of England’s interest rates after November 2026 meeting? — Yes 6% ($102,697 volume, resolves 2026-11-05, 1-week -0.5pp)
• Bank of England increases interest rates by 50+ bps after November 2026 meeting? — Yes 0% ($52,570 volume, resolves 2026-11-05, 1-week -0.4pp)
• Will USD be at least 2.8M Iranian rials on October 31? — Yes 62% ($30,089 volume, resolves 2026-11-01, 1-week -10.5pp)
• Will USD be less than 2.0M Iranian rials on December 31? — Yes 9% ($27,135 volume, resolves 2026-12-31, 1-week +0.5pp)
• Will USD be between 2.0M and 2.5M Iranian rials on December 31? — Yes 20% ($25,245 volume, resolves 2026-12-31, 1-week +4.0pp)

================================== Ai Message ==================================

FRST (Primis Financial Corp.) — Weekly News & Macro Research Report

Analysis date: 2026-10-15

1. Company-Specific News (FRST)

• No company-specific news for FRST found over the lookback window (2026-10-08 → 2026-10-15). Absence of adverse headlines is mildly reassuring but also means no fresh catalysts (no M&A, regulator, or earnings items detected). Primis Financial is a Virginia-based regional bank holding company — its earnings and credit profile are highly rate- and deposit-sensitive.

2. Global Macro & Sector News (past week)

• Inflation is hot again: 10-year Treasury yields rose following a hot inflation print — a headwind for NIM sentiment across regional banks.
• Mortgage rates surging, potentially toward 8%: implies "higher for longer" rate environment and housing/mortgage-origination headwinds — negative for loan demand and fee income at community banks.
• Bank stocks rallied on strong JPMorgan/Goldman earnings: positive read-through for the financial sector broadly, though mega-bank trading strength doesn't necessarily extend to regional banks' NIM-driven models.
• Yields surging globally (France flagged as especially stressed); BlackRock turned more bearish on stocks; bubble-valuation and debt-crisis chatter rising. Risk-off undercurrents could pressure small/mid-cap financials like FRST disproportionately.
• BofA survey: managers won't rotate out of stocks until 10y hits ~5.9%.

3. Macro Data (FRED)

• FRED data unavailable this session (no API key configured). Inspector is infilling rate/inflation/labor/yield-curve specifics. Do not treat missing values as confirmed.

4. Prediction Markets (Polymarket)

• No Fed rate cuts in 2026: 97% (+1.3pp this week) — extremely confident positioning that the Fed stays on hold all year. Bearish for regional-bank NIM reinvestment hopes; supports duration-sensitive NIM pressure.
• US recession by end-2026: 8% (+1.0pp) — low but creeping upward.
• BoE hiking 25bps in November: 93% — global tightening bias corroborates the sticky-rates narrative.

5. Trading Implications for FRST

• Net thesis: sticky rates + re-hot inflation + risk-off sentiment = mixed-to-negative for a pure regional bank. Offsetting positives: strong big-bank earnings and no FRST-specific negative news. Sector sentiment can lift FRST on JPM/GS-driven financials rallies in the very short term — momentum traders could squeeze a bounce — but medium-term NIM/capital gains-headwinds argue for caution. Risk-off weeks tend to punish small/mid-cap banks hardest.

Key Points Table

Item	Detail	Source	Trading Implication
FRST news	None found in past 7 days	get_news	No idiosyncratic catalyst either direction
10y Treasury	Rising on hot inflation print	Global news	NIM sentiment headwind for regional banks
Mortgage rates	Surging, may approach 8%	Global news	Loan demand/mortgage fee headwind
Big-bank earnings	JPM, GS strong; bank stocks up	Global news	Short-term financials momentum tailwind
Sentiment	BlackRock bearish; bubble/debt chatter; global yield surge	Global news	Underperformance risk for small-cap financials
Fed rate cuts 2026	97% odds of none (+1.3pp) — Polymarket	Prediction market	"Higher for longer" hurts NIM expectations
US recession 2026	8% odds (+1.0pp) — Polymarket	Prediction market	Low but creeping credit-risk worry
Fed data (FRED)	Unavailable	macro_indicators	Cannot confirm exact 10y/CPI/unemployment levels — inspector to fill

FINAL TRANSACTION PROPOSAL: HOLD
================================ Human Message =================================

Proceed with your assigned analysis for this workflow. The instrument to analyze is FRST. Use this exact ticker in every tool call, report, and recommendation, preserving any exchange suffix (e.g. .TO, .L, .HK, .T, -USD). Resolved identity: Company: Primis Financial Corp.; Business classification: Financial Services / Banks - Regional; Exchange: NGM. Do not substitute a different company or ticker unless a tool result explicitly disproves this resolved identity. The analysis date is 2026-10-15.
================================== Ai Message ==================================

I'll gather comprehensive fundamental data for FRST (Primis Financial Corp.).
Tool Calls:
get_fundamentals (chatcmpl-tool-b14ef026f9949a18)
Call ID: chatcmpl-tool-b14ef026f9949a18
Args:
curr_date: 2026-10-15
ticker: FRST
get_balance_sheet (chatcmpl-tool-ab0395a6a0019bcf)
Call ID: chatcmpl-tool-ab0395a6a0019bcf
Args:
curr_date: 2026-10-15
ticker: FRST
get_cashflow (chatcmpl-tool-9680ba30b8f9810a)
Call ID: chatcmpl-tool-9680ba30b8f9810a
Args:
curr_date: 2026-10-15
ticker: FRST
get_income_statement (chatcmpl-tool-b95f5c8cd35364de)
Call ID: chatcmpl-tool-b95f5c8cd35364de
Args:
curr_date: 2026-10-15
ticker: FRST
================================= Tool Message =================================
Name: get_income_statement

Income Statement data for FRST (quarterly)

Data retrieved on: 2026-10-15 13:33:35

,2026-06-30,2026-03-31,2025-12-31,2025-09-30,2025-06-30,2025-03-31
Tax Effect Of Unusual Items,89167.353669,0.0,9303550.255067,64170.539087,1326677.908938,
Tax Rate For Calcs,0.222918,0.291885,0.185441,0.218267,0.178078,
Total Unusual Items,400000.0,0.0,50170000.0,294000.0,7450000.0,
Total Unusual Items Excluding Goodwill,400000.0,0.0,50170000.0,294000.0,7450000.0,
Net Income From Continuing Operation Net Minority Interest,9426000.0,7312000.0,29540000.0,6830000.0,2437000.0,
Reconciled Depreciation,3266000.0,3395000.0,2820000.0,2029000.0,2278000.0,
Net Interest Income,33755000.0,32074000.0,30852000.0,29032000.0,25180000.0,
Interest Expense,22567000.0,21452000.0,22474000.0,22734000.0,22447000.0,
Interest Income,56322000.0,53526000.0,53326000.0,51766000.0,47627000.0,
Normalized Income,9115167.353669,7312000.0,-11326449.744933,6600170.539087,-3686322.091062,
Net Income From Continuing And Discontinued Operation,9426000.0,7312000.0,29540000.0,6830000.0,2437000.0,
Diluted Average Shares,24788023.0,24719255.0,24654037.0,24643889.0,24714229.0,
Basic Average Shares,24731956.0,24665011.0,24634544.0,24632202.0,24701319.0,
Diluted EPS,0.38,0.33,1.2,0.28,0.34,
Basic EPS,0.38,0.33,1.2,0.28,0.34,
Diluted NI Availto Com Stockholders,9426000.0,7312000.0,29540000.0,6830000.0,2437000.0,
Net Income Common Stockholders,9426000.0,7312000.0,29540000.0,6830000.0,2437000.0,
Net Income,9426000.0,7312000.0,29540000.0,6830000.0,2437000.0,
Minority Interests,0.0,0.0,0.0,0.0,0.0,
Net Income Including Noncontrolling Interests,9426000.0,7312000.0,29540000.0,6830000.0,2437000.0,
Net Income Continuous Operations,9426000.0,7312000.0,29540000.0,6830000.0,2437000.0,
Tax Provision,2704000.0,3014000.0,6725000.0,1907000.0,528000.0,
Pretax Income,12130000.0,10326000.0,36265000.0,8737000.0,2965000.0,
Special Income Charges,400000.0,0.0,50170000.0,294000.0,7450000.0,
Gain On Sale Of Business,400000.0,,20000.0,294000.0,7450000.0,
Other Special Charges,,,,,,106000.0
Gain On Sale Of Security,6157000.0,396000.0,-13969000.0,645000.0,285000.0,
Depreciation Amortization Depletion Income Statement,,,0.0,0.0,289000.0,313000.0
Depreciation And Amortization In Income Statement,,,0.0,0.0,289000.0,313000.0
Amortization,,,0.0,0.0,289000.0,313000.0
Amortization Of Intangibles Income Statement,,,0.0,0.0,289000.0,313000.0
Selling General And Administration,22055000.0,21054000.0,26925000.0,19972000.0,18801000.0,
Selling And Marketing Expense,934000.0,760000.0,472000.0,450000.0,720000.0,
General And Administrative Expense,21121000.0,20294000.0,26453000.0,19522000.0,18081000.0,
Insurance And Claims,854000.0,738000.0,918000.0,999000.0,1021000.0,
Salaries And Wages,20267000.0,19556000.0,25535000.0,18523000.0,17060000.0,
Total Revenue,55389000.0,45629000.0,30275000.0,40707000.0,35760000.0,
Operating Revenue,55389000.0,45629000.0,30275000.0,40707000.0,35760000.0,
Occupancy And Equipment,4799000.0,4617000.0,4459000.0,3481000.0,3127000.0,
Professional Expense And Contract Services Expense,2886000.0,1860000.0,3730000.0,2509000.0,2413000.0,
Other Non Interest Expense,8467000.0,6223000.0,6627000.0,6351000.0,7601000.0,

================================== Ai Message ==================================

Primis Financial Corp. (FRST) — Fundamental Analysis Report

Analysis date: 2026-10-15 | Exchange: NGM | Sector: Financial Services / Banks – Regional

1. Company Profile & Valuation Snapshot

• Market Cap: ~$378.2M — a small-cap regional bank
• Valuation: P/E (TTM) 7.13, Forward P/E 7.92, P/B 0.87 (below book value), Book Value/share $17.54
• EPS: $2.14 TTM; Forward EPS $1.925
• Dividend Yield: 2.6% (~$2.5M/quarter paid, ~$0.10/shr)
• Beta: 0.725 (defensive, low-volatility profile)
• 52-week range: $9.55–$16.88; stock trading near highs (50-day avg $15.92, 200-day avg $14.71) — strong recovery trend with price above both moving averages
• Returns: ROE 13.1%, ROA 1.29%, net margin 24.9%, operating margin 25.8%

2. Income Statement (Quarterly Trend)

Quarter	Net Income	Diluted EPS	Net Interest Income	Total Revenue
Q2 2026 (Jun)	$9.43M	$0.38	$33.8M	$55.4M
Q1 2026 (Mar)	$7.31M	$0.33	$32.1M	$45.6M
Q4 2025 (Dec)	$29.5M*	$1.20	$30.9M	$30.3M*
Q3 2025 (Sep)	$6.83M	$0.28	$29.0M	$40.7M
Q2 2025 (Jun)	$2.44M	$0.34	$25.2M	$35.8M

Q4 2025 included a ~$50.2M special gain (tax-effected ~$9.3M), inflating EPS — normalized Q4 core EPS was ~$0.28*. Underlying earnings power is ~$0.33–$0.38/quarter and improving.

Key positive: Net Interest Income has grown sequentially every quarter ($25.2M → $33.8M over 5 quarters, +34%), indicating solid loan growth and margin expansion.
Watch item: Q1/Q2 2026 include gains on securities sales ($6.2M and $396K) that boost pre-tax income; SG&A is rising (G&A $18.1M → $21.1M YoY), consistent with bank expansion.

3. Balance Sheet (Q2 2026 vs. prior)

• Total Assets: $4.35B (up from $3.87B a year ago, +12%) — clear balance-sheet expansion
• Net Loans: $3.65B, steady growth each quarter (+14% YoY) — core engine of NII growth
• Cash & Equivalents: $176.8M (vs. $63.9M in Sep 2025) — strong liquidity build
• Stockholders' Equity: $433.8M, rising every quarter
• Tangible Book Value: $336.7M (~$13.58/shr), up from $276.2M a year ago
• Goodwill & Intangibles: $97.1M (goodwill $93.5M constant)
• Total Debt: $444.1M, up sharply from $123.7M (Q2 2025) — includes a $205M long-term debt issuance in Q1 2026 likely to fund loan growth; however, funding is cheap relative to loan yields, and leverage is still modest for a bank (~10% of assets)

4. Cash Flow

• Operating cash flow is lumpy/negative in recent quarters (–$5.7M Q2 2026, –$54.4M Q1 2026) — typical for banks whose "operating" items exclude loan origination (in investing); strong investing outflows (–$68M Q2) reflect loan/securities portfolio growth
• End cash position climbed $57M over two quarters to $176.8M
• Dividends steady at ~$2.5M/quarter — well covered by ~$9.4M quarterly net income (payout ~26%)
• $275M combined debt raised in H1 2026 to support balance-sheet growth

5. Key Takeaways for Traders

1. Trading below tangible book value (P/B 0.87 vs. TBV ~$13.58/shr, book $17.54), with a 7x P/E and low-beta profile — attractive valuation for a well-executing regional bank.
2. Core earnings are accelerating: NII up 9 consecutive quarters; EPS up from $0.28 → $0.38 YoY (Q2-to-Q2 +12%).
3. Q4 2025 headline EPS is not representative — strip the $50M gain when modeling run-rate earnings.
4. Risks: rapid debt-funded balance sheet growth creates funding-cost and credit-quality risk; rising opex; small-cap liquidity; stock near 52-week high means limited margin of safety on technicals.
5. Overall: improving fundamentals + sub-book valuation suggests a constructive stance.

Summary Table

Metric	Value	Assessment
P/E (TTM / Forward)	7.13 / 7.92	Cheap
Price/Book	0.87	Below book — attractive
Tangible Book Value/shr	~$13.58	Growing ~22% YoY
ROE / ROA	13.1% / 1.29%	Solid for regional bank
NII trend	+34% over 5 quarters (to $33.8M)	Strong momentum
Q2 2026 EPS	$0.38	Core earnings accelerating
Dividend Yield / Payout	2.6% / ~26%	Well covered
Cash	$176.8M	Liquidity strong
Total Debt	$444M (up from $124M YoY)	Elevated growth funding — monitor
One-off items	$50.2M gain Q4 2025; $6.2M securities gain Q2 2026	Adjust run-rate EPS
Beta	0.725	Low volatility

FINAL TRANSACTION PROPOSAL: BUY
================================ Human Message =================================

Proceed with your assigned analysis for this workflow. The instrument to analyze is FRST. Use this exact ticker in every tool call, report, and recommendation, preserving any exchange suffix (e.g. .TO, .L, .HK, .T, -USD). Resolved identity: Company: Primis Financial Corp.; Business classification: Financial Services / Banks - Regional; Exchange: NGM. Do not substitute a different company or ticker unless a tool result explicitly disproves this resolved identity. The analysis date is 2026-10-15.
================================== Ai Message ==================================

Action: Hold

Reasoning: The research plan's HOLD stance matches the technical picture: FRST at $15.25 is consolidating above key support ($15.05–15.10, lower Bollinger band at 15.07) with the 200-day SMA ($14.58) intact, so the long-term uptrend is a correction away from being broken. But short-term breadth is still bearish — price below the 10-EMA (15.38), 50-SMA (15.92), and a falling VWMA, with RSI at 39 and a flattening but negative MACD — so there is no confirmed reversal entry signal either. With the Oct 22 earnings print eight days away as the decisive catalyst and no risk/reward edge between the $15.05 and $15.50 activation levels, the correct action is to maintain the position and await resolution, with a defined exit trigger if support breaks.

Stop Loss: 15.05

Position Sizing: Maintain existing position size; no adds until after the Oct 22 earnings print and only if core EPS is clean and price holds above $15.05. Size any post-earnings adds modestly (thin ~100–150k shares/day liquidity) across multiple days.

FINAL TRANSACTION PROPOSAL: HOLD

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FINAL DECISION (FRST, 2026-10-15):
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Hold

Elapsed: 629s