Peoples Finl Svcs Corp Stock Price, News & Analysis

Peoples Financial Services Corp. (NASDAQ: PFIS) has declared a quarterly cash dividend of $0.6175 per share for the third quarter of 2025. The dividend will be payable on September 15, 2025 to shareholders of record as of August 29, 2025.

Peoples operates as the holding company for Peoples Security Bank and Trust Company, serving customers through 39 full-service community banking offices across Pennsylvania, New Jersey, and New York. The announcement comes following the company's recent merger with FNCB Bancorp, Inc., which was completed on July 1, 2024.

Peoples Financial Services Corp (NASDAQ: PFIS) has successfully completed a private placement of $85.0 million in Fixed-to-Floating Rate Subordinated Notes due 2035. The Notes will initially carry a 7.75% interest rate until June 15, 2030, paid semi-annually, after which they will switch to a floating rate of Three-Month Term SOFR plus 411 basis points, paid quarterly. The oversubscribed offering, structured to qualify as Tier 2 capital, will be used for general corporate purposes and to redeem existing subordinated debt. The Notes are redeemable after June 15, 2030, or upon certain events. Management highlighted the strong demand and favorable terms, attributing the success to their recent merger with FNCB Bancorp and strong Q1 performance. Performance Trust Capital Partners served as sole placement agent.

KBRA has assigned key ratings to Peoples Financial Services Corp. (NASDAQ: PFIS) and its subsidiary, Peoples Security Bank and Trust Company, with a Stable outlook. The company's core strengths include a strong funding profile with 93% core deposits and favorable cost structure. Following the FNCB acquisition in Q3 2024, PFIS has seen improved performance with NIM benefiting from purchase accounting accretion (+32 bps in Q1 2025). The bank maintains solid asset quality with historically low non-performing assets (NPAs) and net charge-offs (NCOs). While CRE concentration is elevated at 311% of risk-based capital, office exposure is limited to 6% of total loans. The CET1 ratio stands at 10.6% as of Q1 2025, with management focusing on rebuilding capital metrics through 2025.

Peoples Financial Services Corp. (NASDAQ: PFIS) reported strong Q1 2025 financial results with net income of $15.0 million ($1.49 per diluted share), compared to $6.1 million ($0.61 per diluted share) in Q4 2024. The company saw significant improvements in key metrics, with Return on Average Assets at 1.22% and Return on Average Equity at 12.70%. The performance boost was primarily driven by higher net interest income, lower provision for credit losses, and reduced noninterest expenses. The results reflect the successful integration of FNCB Bancorp merger (completed July 2024), with merger-related expenses decreasing to $0.2 million from $5.0 million in Q4 2024. Notable achievements include a 50.6% increase in quarterly dividend to $0.6175 per share and improved efficiency ratio of 55.77%.

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.