Peoples Finl Svcs Corp Stock Price, News & Analysis

The Board of Directors of Peoples Financial Services Corp. (NASDAQ: PFIS) has announced a $0.39 per share dividend for the first quarter of 2022, reflecting a 5.4% increase from Q1 2021. This dividend will be payable on March 15, 2022, to shareholders on record as of February 28, 2022. The company is the parent of Peoples Security Bank and Trust Company, which operates 28 community banking offices across Pennsylvania, New Jersey, and New York.

Peoples Financial Services Corp. (NASDAQ: PFIS) has announced a fourth quarter dividend of $0.38 per share, reflecting a 5.6% increase from last year's $0.36 per share. The dividend is set to be paid on December 15, 2021, to shareholders on record by November 30, 2021.

This move indicates the company's commitment to rewarding shareholders, signaling potential growth and stability.

Peoples Financial Services Corp. (NASDAQ: PFIS) reported a net income of $9.1 million, or $1.26 per diluted share for Q3 2021, a 10.5% increase from Q3 2020. For the nine months ending September 30, net income totaled $27.1 million or $3.74 per diluted share, a 30.3% increase year-over-year. Key factors included a $2.1 million rise in net interest income and a $6.3 million decrease in the provision for loan losses. Core return on average assets improved to 1.17%. However, noninterest income declined 13.1% to $10.4 million for the nine-month period.

Peoples Financial Services Corp. (NASDAQ: PFIS) announced a $0.38 per share dividend for Q3 2021, marking a 2.7% increase from the previous quarter and a 5.6% rise compared to Q3 2020. The dividend will be paid on September 15, 2021, to shareholders of record on August 31, 2021. This increase reflects the company's ongoing commitment to returning value to shareholders and its positive financial outlook amidst market conditions.

Peoples Financial Services Corp. (PFIS) reported strong financial performance for Q2 and the first half of 2021. Net income climbed 12.6% to $8.5 million ($1.18/share) in Q2, while six-month earnings rose 40.1% to $18.0 million ($2.49/share). The rise in earnings was aided by a significant $5.7 million decrease in loan loss provisions. However, pre-provision net interest income dipped by $0.2 million. Notably, total deposits grew by 18.2% over the past twelve months, indicating robust customer engagement.

Peoples Financial Services Corp. (NASDAQ: PFIS) has announced a second quarter dividend of $0.37 per share, maintaining the previous quarter's amount and representing a 2.8% increase from the same quarter in 2020. This dividend is payable on June 15, 2021, to shareholders on record as of May 31, 2021. The company operates through Peoples Security Bank and Trust Company, serving communities across Pennsylvania and New York with a range of financial products and services.

Peoples Financial Services Corp. (PFIS) reported record net income of $9.5 million, or $1.31 per diluted share for Q1 2021, a 79.5% increase year-over-year. Key drivers included a $4.0 million decrease in provisions for loan losses and a $1.2 million increase in pre-provision net interest income. The return on average assets improved to 1.32%, while total deposits grew by $540.4 million or 26.9% year-over-year. Despite a higher tax provision, overall operational efficiency improved with a 50.8% efficiency ratio.

Peoples Financial Services Corp. (NASDAQ: PFIS) announced a stock repurchase plan to buy back up to 4.9% of its outstanding shares, totaling 353,422 shares. The timing and volume of repurchases will depend on market conditions and other factors, with purchases potentially made on the open market or through private negotiations. The company currently has 7,212,702 shares outstanding. This buyback initiative aims to enhance shareholder value, although it does not obligate Peoples to repurchase any specific number of shares and may be terminated at any time.

Peoples Financial Services Corp. (NASDAQ: PFIS) reported strong financial results for Q4 and full year 2020. Net income rose to $8.2 million ($1.13/share), a 62.6% increase year-over-year, and total net income for 2020 was $29.4 million ($4.00/share), up 14.1%. The rise in income was driven by lower loan loss provisions and increased noninterest income. Total loans grew by $239.7 million, including $189.7 million from the Paycheck Protection Program (PPP). Deposits grew 23.6% year-over-year, while nonperforming assets remained stable at 0.48% of total loans.