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Peoples Financial Services Corp (PFIS) delivers community-focused banking solutions across Pennsylvania and neighboring states. This news hub provides investors and stakeholders with essential updates on financial performance, strategic initiatives, and market developments.
Access timely announcements including quarterly earnings reports, merger updates, and community reinvestment programs. Our curated collection features press releases about commercial lending innovations, retail banking enhancements, and leadership decisions that shape regional financial services.
Track PFIS's evolving role in community banking through coverage of branch expansions, customer service milestones, and regulatory compliance achievements. Discover how local decision-making and personalized financial solutions continue to drive this institution's 100+ year legacy.
Bookmark this page for direct access to verified PFIS developments. Combine historical context with current updates to better understand this bank's position in the competitive financial landscape.
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.
Peoples Financial Services Corp. (NASDAQ: PFIS) has announced a significant 50.6% increase in its third quarter 2024 cash dividend. The Board of Directors declared a dividend of $0.6175 per share, payable on September 13, 2024, to shareholders of record as of August 30, 2024. This increase was anticipated as part of the merger agreement with FNCB Bancorp, Inc., which was completed on July 1, 2024.
Peoples Financial Services Corp. is the holding company for Peoples Security Bank and Trust Company, an independent community bank operating 44 full-service branches across Pennsylvania, New Jersey, and New York. The bank offers a comprehensive range of financial products and services to individuals, businesses, non-profits, and government entities, emphasizing direct access to senior management and personalized customer service.
Peoples Financial Services Corp. (NASDAQ: PFIS) reported unaudited financial results for Q2 and H1 2024. Key highlights include:
- Q2 2024 net income: $3.3 million ($0.46 per diluted share), down 65.2% from Q2 2023
- H1 2024 net income: $6.7 million ($0.95 per diluted share), down 60.3% from H1 2023
- Completed merger with FNCB Bancorp, Inc. on July 1, 2024
- Net interest margin for Q2 2024: 2.29%, down 32 basis points year-over-year
- Loan growth: $19.7 million (1.4% annualized) in H1 2024
- Total deposits: $3.1 billion, decreased $214.1 million in H1 2024
- Asset quality remained strong with nonperforming assets at 0.20% of total assets
Peoples Financial Services Corp. (Nasdaq: PFIS) announced the completion of its merger with FNCB Bancorp on July 1, 2024. The merger unites FNCB Bank with Peoples Security Bank and Trust Company, forming a $5.6 billion community bank operating in Pennsylvania, New York, and New Jersey. Craig Best, CEO of Peoples, emphasized the merger's benefits for customers, employees, and shareholders. The combined entity will manage $5.5 billion in assets, $4.0 billion in loans, and $4.7 billion in deposits. The merged company will continue under the Peoples banner and trade on Nasdaq under the PFIS ticker symbol.
Peoples Financial Services Corp. (Nasdaq: PFIS) and FNCB Bancorp, Inc. (Nasdaq: FNCB) have received all required regulatory approvals for their merger. Announced on June 14, 2024, the merger will see FNCB merge into Peoples, which will remain the surviving This follows the Agreement and Plan of Merger dated September 27, 2023. The completion of this merger is expected on July 1, 2024, pending standard closing conditions.
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