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PEOPLES FINCL CORP MISS - $PFBX STOCK NEWS

Welcome to our dedicated page for PEOPLES FINCL MISS news (Ticker: $PFBX), a resource for investors and traders seeking the latest updates and insights on PEOPLES FINCL MISS stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect PEOPLES FINCL MISS's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of PEOPLES FINCL MISS's position in the market.

Rhea-AI Summary
Peoples Financial reported a net income of $2,415,000 for the first quarter of 2024, a decrease from $2,623,000 in the same period of 2023. The company announced a new stock repurchase program, allowing the repurchase of up to $1,000,000 in aggregate repurchase price or approximately 64,000 shares. The share repurchase program does not obligate the company to repurchase any dollar amount or number of shares. Total interest income and total interest expense increased due to higher interest rates. The company's efficiency ratio decreased to 64% for the first quarter of 2024. Asset quality remained high, with other real estate decreasing to $1. Shareholders' equity increased to $70,663,000, mainly driven by quarterly earnings. The company experienced unrealized losses on securities but does not anticipate them to be realized. The Bank's leverage ratio remained strong at 11.48% as of March 31, 2024. Total deposits increased to $811,499,000 as of March 31, 2024. The company's franchise tax expense has been decreasing each year and will be eliminated after 2028.
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2.56%
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Rhea-AI Summary
Peoples Financial Corporation (PFBX) announced earnings for 2023, revealing a decrease in net income for the fourth quarter of 2023 compared to 2022. The decrease was primarily due to a nonrecurring deferred tax benefit in 2022 and a decrease in net interest income for 2023. However, net income for the year ended December 31, 2023, increased compared to 2022. The Company also reported an increase in shareholders' equity and maintained strong liquidity despite unrealized losses on available for sale securities. The Bank's leverage ratio remained strong at 12.59% as of December 31, 2023.
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Rhea-AI Summary
Peoples Financial Corporation announces Q3 earnings and dividend increase. Net income for Q3 2023 was $1.91M, a 7% increase YoY. Regular dividend increased by 50% to $0.18 per share. Special dividend of $0.23 per share. Total payment of $1.92M. Record date: Nov 13, payable on Nov 17.
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PEOPLES FINCL CORP MISS

OTC:PFBX

PFBX Rankings

PFBX Stock Data

72.49M
3.60M
38.77%
24.2%
0.04%
Commercial Banking
Finance and Insurance
Link
United States of America
Biloxi

About PFBX

peoples financial corporation operates as the bank holding company for the peoples bank that provides banking, financial, and trust services to government entities, individuals, and small and commercial businesses in mississippi. it accepts various deposits, such as interest and non-interest bearing checking accounts, savings accounts, certificates of deposit, and individual retirement accounts (iras). the company also offers business, commercial, real estate, construction, personal, and installment loans; and personal trust, agencies, and estate services, including living and testamentary trusts, executorships, guardianships, and conservatorships. in addition, it provides self-directed iras; and escrow management, stock transfer, and bond paying agency accounts to corporate customers. further, the company offers various other services consisting of safe deposit box rental, wire transfer, night drop facilities, collection, cash management, and internet banking services. the company ope