Peoples Financial Corporation Reports Results for the Second Quarter of 2026
Rhea-AI Summary
Peoples Financial Corporation (OTCQX: PFBX) reported second quarter 2026 net income of $897,000, down from $1,242,000 a year earlier, with earnings per share of $0.19 versus $0.27. Net interest income declined to $4.9 million from $5.5 million, as total interest income fell and interest expense rose slightly.
For the first six months of 2026, net income was $2.3 million compared with $2.6 million in 2025, and EPS was $0.51 versus $0.55. Total assets reached $771.0 million, loans net grew to $274.1 million, and shareholders’ equity increased to $101.7 million, while unrealized losses on available-for-sale securities widened to $29.4 million. The leverage ratio was 15.22% and total deposits stood at $609.8 million as of June 30, 2026.
Positive
- Net loans increased to $274.1 million from $245.3 million year over year
- Total assets grew to $771.0 million from $761.3 million year over year
- Shareholders’ equity rose to $101.7 million from $96.5 million year over year
- Leverage ratio improved to 15.22% from 13.97% year over year
- Non-interest income increased to $1.9 million from $1.8 million in Q2 and to $3.7 million from $3.5 million for six months
- Nonaccrual loans decreased to $486,000 from $600,000 year over year
Negative
- Q2 2026 net income declined to $897,000 from $1,242,000 year over year
- Six-month 2026 net income decreased to $2.3 million from $2.6 million year over year
- Net interest income fell to $4.9 million from $5.5 million in Q2 and to $10.7 million from $11.1 million for six months
- Efficiency ratio rose to 80% from 78%, indicating higher relative operating expense
- Unrealized losses on available-for-sale securities increased to $29.4 million from $28.9 million since year-end 2025
- Total deposits decreased to $609.8 million from $644.3 million year over year
News Market Reaction – PFBX
In the Jul 23 session, PFBX declined 0.40%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Previous Earnings Reports
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Jan 29 | Q4 earnings report | Negative | +1.1% | Lower quarterly and annual income alongside weaker deposits and assets |
| Oct 23 | Q3 earnings report | Positive | -0.7% | Tax benefit drove earnings growth despite lower pre-tax income |
| Jul 24 | Q2 earnings report | Negative | -1.8% | Lower net income and net interest income compared with the prior year |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Earnings reactions diverged twice from reported fundamentals, while the negative Q2 2024 release aligned with a decline.
Key Terms
efficiency ratio financial
leverage ratio financial
accumulated other comprehensive income financial
available for sale securities financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
BILOXI, Miss., July 22, 2026 (GLOBE NEWSWIRE) -- Peoples Financial Corporation (the “Company”)(OTCQX Best Market: PFBX), parent of The Peoples Bank (the “Bank”), announced earnings for the second quarter ending June 30, 2026.
Second Quarter Earnings
Net income for the second quarter of 2026 decreased
The decrease in net income for the second quarter of 2026 was primarily due to a decrease in net interest income of
Net income for the first six months of 2026 decreased
Return on average assets for the second quarter ended June 30, 2026, decreased
Asset Quality
“The Bank’s leadership remains committed to maintaining high-quality assets. We are closely monitoring economic conditions and staying vigilant for any potential changes in interest rates,” said Chevis C. Swetman, Chairman and Chief Executive Officer of the Company and the Bank.
Shareholders’ Equity
Total shareholders’ equity increased by
The Bank’s leverage ratio has not been impacted by these unrealized losses on available for sale securities due to an opt-out election previously made by the Bank in accordance with current regulatory capital requirements and therefore remained strong at
Liquidity
The Company maintains a well-capitalized balance sheet which includes strong capital and liquidity. The Bank provides a full range of banking, financial and trust services in our local markets. The majority of the Bank’s deposits are fully FDIC insured. The Company evaluates on an ongoing and continuous basis its financial health by preparing for various moderate to severe economic scenarios.
As of June 30, 2026, total deposits have increased
About the Company
Founded in 1896, with
Peoples Financial Corporation’s common stock is listed on the OTCQX Best Market under the symbol PFBX. Additional information is available on the Internet at the Company’s website, www.thepeoples.com, and at the website of the Securities and Exchange Commission (“SEC”), www.sec.gov.
This news release reflects industry conditions, Company performance and financial results and contains “forward-looking statements,” which may include forecasts of our financial results and condition, expectations for our operations and businesses, and our assumptions for those forecasts and expectations. Do not place undue reliance on forward-looking statements. These forward-looking statements are subject to a number of risk factors and uncertainties which could cause the Company’s actual results and experience to differ materially from the anticipated results and expectations expressed in such forward-looking statements.
Factors that could cause our actual results to differ materially from our forward-looking statements are described under “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and “Regulation and Supervision” in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2025, and in other documents subsequently filed by the Company with the Securities and Exchange Commission, available at the SEC’s website and the Company’s website, each of which are referenced above. To the extent that statements in this news release relate to future plans, objectives, financial results or performance by the Company, these statements are deemed to be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are generally identified by use of words such as “may,” “believe,” “expect,” “anticipate,” “intend,” “will,” “should,” “plan,” “estimate,” “predict,” “continue” and “potential” or the negative of these terms or other comparable terminology.
Forward-looking statements represent management’s beliefs, based upon information available at the time the statements are made, with regard to the matters addressed; they are not guarantees of future performance. Forward-looking statements are subject to numerous assumptions, risks and uncertainties that change over time and could cause actual results or financial condition to differ materially from those expressed in or implied by such statements. All information is as of the date of this news release. Except to the extent required by applicable law or regulation, the Company undertakes no obligation to revise or update publicly any forward-looking statement for any reason.
PEOPLES FINANCIAL CORPORATION
(In thousands, except per share figures) (Unaudited)
EARNINGS SUMMARY
| Three Months Ended June 30, | Six Months Ended June 30, | ||||||||||||||
| 2026 | 2025 | 2026 | 2025 | ||||||||||||
| Net interest income | $ | 4,919 | $ | 5,472 | $ | 10,686 | $ | 11,140 | |||||||
| Reduction for credit losses | (6 | ) | — | (14 | ) | (5 | ) | ||||||||
| Non-interest income | 1,887 | 1,777 | 3,668 | 3,480 | |||||||||||
| Non-interest expense | 5,798 | 5,762 | 11,506 | 11,453 | |||||||||||
| Income tax (benefit) expense | 117 | 245 | 519 | 620 | |||||||||||
| Net income | 897 | 1,242 | 2,343 | 2,552 | |||||||||||
| Earnings per share | $ | 0.19 | $ | 0.27 | $ | 0.51 | $ | 0.55 | |||||||
TRANSACTIONS IN THE ALLOWANCE FOR CREDIT LOSSES ON LOANS
| Three Months Ended June 30, | Six Months Ended June 30, | |||||||||||||||
| 2026 | 2025 | 2026 | 2025 | |||||||||||||
| Allowance for credit losses on loans, beginning of period | $ | 3,100 | $ | 2,969 | $ | 2,939 | $ | 2,982 | ||||||||
| Recoveries | 30 | 42 | 248 | 82 | ||||||||||||
| Charge-offs | (30 | ) | (48 | ) | (87 | ) | (101 | ) | ||||||||
| Provision for (reduction of ) loan losses | — | 3 | — | 3 | ||||||||||||
| Allowance for credit losses on loans, end of period | $ | 3,100 | $ | 2,966 | $ | 3,100 | $ | 2,966 | ||||||||
PERFORMANCE RATIOS
| June 30, | 2026 | 2025 | |||
| Return on average assets | 0.63 | % | 0.64 | % | |
| Return on average equity | 4.67 | % | 5.52 | % | |
| Net interest margin | 3.00 | % | 3.02 | % | |
| Efficiency ratio | 80 | % | 78 | % | |
BALANCE SHEET SUMMARY
| June 30, | 2026 | 2025 | ||||
| Total assets | $ | 771,025 | $ | 761,340 | ||
| Securities | 414,407 | 437,829 | ||||
| Loans, net | 274,062 | 245,332 | ||||
| Other real estate (ORE) | — | — | ||||
| Total deposits | 609,777 | 644,311 | ||||
| Shareholders’ equity | 101,710 | 96,510 | ||||
| Book value per share | 22.03 | 20.90 | ||||
| Weighted average shares | 4,617,466 | 4,617,466 | ||||
PERIOD END DATA
| June 30, | 2026 | 2025 | |||||
| Allowance for credit losses on loans as a | |||||||
| percentage of loans | 1.12 | % | 1.19 | % | |||
| Loans past due 90 days and | |||||||
| still accruing | $ | — | $ | 10 | |||
| Nonaccrual loans | $ | 486 | $ | 600 | |||
| Leverage ratio | 15.22 | % | 13.97 | % | |||
For more information, contact:
Chevis C. Swetman, President and CEO
228-435-8205
cswetman@thepeoples.com
https://www.facebook.com/ThePeoplesBank
