Peoples Finl Svcs Corp Stock Price, News & Analysis

Peoples Financial Services Corp. (NASDAQ: PFIS) has announced its second quarter 2025 dividend of $0.6175 per share, representing a significant 50.6% increase compared to Q2 2024. The dividend will be payable on June 13, 2025, to shareholders of record as of May 30, 2025.

The company operates through 39 full-service community banking offices across Pennsylvania, New Jersey, and New York, providing comprehensive financial products and services to individuals, businesses, non-profit organizations, and government entities. This announcement follows the completion of Peoples' merger with FNCB Bancorp on July 1, 2024.

Peoples Financial Services Corp. (NASDAQ: PFIS) reported Q4 2024 net income of $6.1 million ($0.61 per diluted share), compared to a Q3 2024 net loss of $4.3 million. The improvement was primarily due to lower provisions for credit losses and noninterest expenses.

Key financial highlights include:

• Core net income of $10.0 million ($0.99 per diluted share) in Q4 2024
• Net interest margin of 3.25% in Q4 2024
• Full-year 2024 net income of $8.5 million ($0.99 per diluted share)

The company completed its merger with FNCB Bancorp on July 1, 2024, which contributed $1.8 billion in assets and $1.4 billion in deposits. Non-recurring merger-related expenses totaled $5.0 million in Q4 2024. The company increased its quarterly dividend by 50.6% compared to the previous year.

Peoples Financial Services Corp. (NASDAQ: PFIS) announced key executive appointments effective March 31, 2025. James M. Bone, Jr., CPA, currently Executive Vice President and Chief Operations Officer, will assume the role of Chief Financial Officer. Simultaneously, John R. Anderson, III will transition from Executive Vice President and Chief Financial Officer to Chief Operating Officer.

PFIS operates through its subsidiary, Peoples Security Bank and Trust Company (PSBT), an independent community bank with 39 full-service banking offices across Pennsylvania, New Jersey, and New York. The bank serves retail and commercial customers in multiple counties, offering comprehensive financial products and services to individuals, businesses, non-profits, and government entities.

Peoples Financial Services Corp. (NASDAQ: PFIS) has announced its first quarter 2025 dividend of $0.6175 per share, representing a significant 50.6% increase compared to the first quarter of 2024. The dividend will be payable on March 14, 2025, to shareholders of record as of February 28, 2025.

The company operates through its subsidiary, Peoples Security Bank and Trust Company, serving retail and commercial customers across 39 full-service community banking offices located in Pennsylvania, New Jersey, and New York. The bank provides comprehensive financial products and services to individuals, businesses, non-profit organizations, and government entities.

Peoples Financial Services Corp has announced the official appointment of Gerard A. Champi as CEO and Thomas P. Tulaney as President, effective January 1, 2025. These appointments follow the company's successful merger with FNCB Bancorp in 2024. Champi, with over three decades of experience including eight years as President and CEO of FNCB Bank, will oversee strategic direction and innovation. Tulaney, previously Chief Operating Officer, will manage daily operations and business development.

The company operates through its subsidiary, Peoples Security Bank and Trust Company, with 39 full-service community banking offices across Pennsylvania, New Jersey, and New York, providing comprehensive financial services to individuals, businesses, non-profits, and government entities.

Peoples Financial Services Corp reported a net loss of $4.3 million ($0.43 per diluted share) for Q3 2024, compared to net income of $6.7 million ($0.95 per diluted share) in Q3 2023. The decrease was primarily due to non-recurring charges related to the July 1, 2024 merger with FNCB Bancorp. Net interest income increased $18.0 million to $39.2 million, with tax-equivalent net interest margin rising 97 basis points to 3.26%. The merger contributed $1.8 billion in assets, $1.2 billion in loans, and $1.4 billion in deposits. Non-recurring charges included a $14.3 million provision for credit losses and $9.6 million in acquisition-related expenses.

Peoples Financial Services Corp announced leadership changes following its merger with FNCB Bancorp. CEO Craig W. Best will step down from his position effective December 31, 2024, earlier than the initially planned first merger anniversary. This decision follows the successful system conversion completion on October 15, 2024. Gerard A. Champi, current President, will succeed as CEO, while Thomas P. Tulaney, Chief Operating Officer, will assume the role of President. The company operates 39 full-service community banking offices across Pennsylvania, New Jersey, and New York.

Peoples Financial Services Corp (NASDAQ: PFIS) has announced its fourth quarter 2024 dividend of $0.6175 per share, representing a significant 50.6% increase compared to Q4 2023. The dividend will be paid on December 13, 2024, to shareholders of record as of November 29, 2024. The company operates through 39 full-service community banking offices across Pennsylvania, New Jersey, and New York, providing comprehensive financial services to individuals, businesses, non-profits, and government entities.

Peoples Financial Services Corp. (PFIS) is set to celebrate its recent merger with FNCB Bancorp, Inc. by ringing the NASDAQ closing bell on July 30, 2024. The ceremony, led by CEO Craig Best and President Jerry Champi, marks the successful integration of FNCB Bank into Peoples Security Bank and Trust Company (PSBT), effective July 1, 2024.

This strategic merger represents a significant milestone in PFIS's growth strategy, aimed at strengthening its market presence and enhancing financial services. The event will be live-streamed on NASDAQ's website, with PFIS board members, PSBT management, and employees in attendance, symbolizing the united future of the organizations.