Primis Financial (FRST) Research & Development (2010 - 2026)
Primis Financial (FRST) posted quarterly Research & Development of $2.2 million for Q1 2026, down 23.2% year-over-year from $2.8 million in Q1 2025, and down 9.62% quarter-over-quarter from $2.4 million in Q4 2025.
Primis Financial (FRST) Research & Development (2010 - 2026) Analysis & Trends
Primis Financial (FRST) has reported Research & Development for 17 consecutive years, with $2.2 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Research & Development fell 23.2% year-over-year to $2.2 million; the TTM figure through Mar 2026 stood at $10.0 million (down 10.44% YoY), while the FY2025 annual figure was $10.7 million, up 1.06% from the prior year.
- Research & Development eased to $2.2 million in Q1 2026 per FRST's latest filing, from $2.4 million in the prior quarter.
- Across five years, Research & Development topped out at $3.4 million in Q4 2024 and bottomed at $1.3 million in Q2 2022.
- Historically, Research & Development has averaged $2.3 million across 5 years, with a median of $2.3 million in 2023.
- Annual changes were most pronounced in 2023 — Research & Development soared 118.72% — and 2025, when it fell 29.5%.
- Primis Financial's Research & Development stood at $1.7 million in 2022, then jumped by 30.2% to $2.2 million in 2023, then surged by 54.96% to $3.4 million in 2024, then dropped by 29.5% to $2.4 million in 2025, then declined by 9.62% to $2.2 million in 2026.
- Business Quant data shows FRST's Research & Development at $2.2 million in Q1 2026, $2.4 million in Q4 2025, and $2.4 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Hdfc Bank | 121.07 Bn | 84.87 Bn | - | - |
| 2 | Pnc Financial Services | 98.05 Bn | 98.05 Bn | - | - |
| 3 | Us Bancorp | 96.38 Bn | 96.38 Bn | - | 601.00 Mn |
| 4 | Lloyds Banking | 93.61 Bn | 93.91 Bn | - | - |
| 5 | NatWest | 74.86 Bn | -144.23 Bn | - | - |
| 6 | Deutsche Bank Aktiengesellschaft | 72.05 Bn | -81.26 Bn | - | - |
| 7 | Nu Holdings | 70.44 Bn | 56.75 Bn | 2.35 Bn | - |
| 8 | Truist Financial | 61.92 Bn | 61.92 Bn | - | - |
| 9 | Fifth Third Bancorp | 49.71 Bn | 25.99 Bn | - | 250.00 Mn |
| 10 | Primis Financial | 403.87 Mn | 226.73 Mn | - | 2.34 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 2.34 Mn |
| Mar 31, 2026 | 2.19 Mn |
| Dec 31, 2025 | 2.42 Mn |
| Sep 30, 2025 | 2.37 Mn |
| Jun 30, 2025 | 3.04 Mn |
| Mar 31, 2025 | 2.85 Mn |
| Dec 31, 2024 | 3.43 Mn |
| Sep 30, 2024 | 2.55 Mn |
| Jun 30, 2024 | 2.35 Mn |
| Mar 31, 2024 | 2.23 Mn |
| Dec 31, 2023 | 2.22 Mn |
| Sep 30, 2023 | 2.25 Mn |
| Jun 30, 2023 | 2.83 Mn |
| Mar 31, 2023 | 2.25 Mn |
| Dec 31, 2022 | 1.70 Mn |
| Sep 30, 2022 | 1.53 Mn |
| Jun 30, 2022 | 1.29 Mn |
| Mar 31, 2022 | 1.49 Mn |
| Dec 31, 2021 | 1.03 Mn |
| Sep 30, 2021 | 1.00 Mn |