Welcome to our dedicated page for Peoples news (Ticker: PPLL), a resource for investors and traders seeking the latest updates and insights on Peoples stock.
Peoples Ltd. (OTC:PPLL) is the holding company for PS Bank, an independent community bank established in 1914. Company news releases focus on its role in the commercial banking industry and its community banking activities in Bradford, Sullivan, Wyoming, Lackawanna, and Susquehanna counties. The news stream provides insight into how this regional financial institution reports its performance and corporate actions.
Investors following PPLL news will see regular announcements of quarterly and annual financial results, where Peoples Ltd. discusses net income, earnings per share, return on assets, return on equity, and balance sheet growth. Management commentary often explains how loan growth, higher yields on loans and investments, mortgage sales income, provisions, and expense management have affected results, as described in the company’s own releases.
News items also cover cash dividend declarations for each quarter, along with stock-related actions such as a 2-for-1 stock split and a 5% stock dividend. These updates are relevant for shareholders tracking dividend history, payout changes, and share structure developments. In addition, the company reports on branch expansion, including regulatory approval and opening of new PS Bank locations in Scranton and the broader Lackawanna County market.
By reviewing the Peoples Ltd. news feed on this page, readers can monitor how the bank describes its community focus, growth in loans and deposits, and recognition such as its ranking on American Banker’s list of Top 100 Community Banks under $2 billion. This historical record of press releases helps users understand how management communicates strategy, performance, and regional expansion over time.
Peoples (OTC: PPLL) reported mixed financial results for Q3 2024. Net income reached $1,853,000 ($2.26 per share), up 5.88% from Q3 2023. However, year-to-date net income decreased 4.54% to $5,289,000 ($6.45 per share). Total assets grew 7.31% to $571.27M, deposits increased 5.44% to $487.91M, and loans rose 6.12% to $378.76M compared to December 2023. Return on assets was 1.31%, down from 1.41% in 2023, while return on equity decreased to 14.14% from 16.92%. The company received approval for a new branch in Scranton, planned to open in Q1 2025.
Peoples (OTC: PPLL) has announced its fourth quarter dividend distribution, comprising a $0.63 per share cash dividend and a 5% stock dividend, both payable on December 13, 2024. The cash dividend represents a 7.07% increase compared to Q4 2023. Total cash dividends for 2024 amount to $2.50, marking an 8.03% increase from 2023. Shareholders of record as of November 29, 2024, will be eligible for both dividends.
Peoples (OTC: PPLL) has announced a third quarter cash dividend of $0.63 per share, payable on September 30, 2024. This represents a 7.11% increase compared to the third quarter dividend of 2023. The dividend was declared by the Board of Directors on August 28, 2024, and will be paid to shareholders of record as of September 13, 2024.
The announcement, made by Anthony J. Gabello, President and CEO of Peoples , demonstrates the company's commitment to returning value to shareholders and potentially indicates strong financial performance.
Peoples (OTC: PPLL), holding company for PS Bank, announced its second quarter 2024 results. Key highlights include:
- Net income: $1,787,000 ($2.18 per share), down 1.70% from Q2 2023
- Year-to-date net income: $3,436,000 ($4.19 per share), down 9.34% from H1 2023
- Total assets: $554,707,000, up 4.21% from December 31, 2023
- Deposits: $481,366,000, up 4.03% from December 31, 2023
- Loans: $363,247,000, up 1.78% from year-end 2023
Despite ongoing interest rate margin challenges, the bank's performance remained strong. PS Bank was ranked #36 on American Banker's list of Top 100 Community Banks under $2 billion in the US, improving from #42 in the previous year.
Peoples (OTC: PPLL) has announced a second quarter cash dividend of $0.62 per share. This dividend reflects an 8.98% increase over the same period last year. The dividend will be paid on June 28, 2024, to shareholders of record as of June 10, 2024. President and CEO Anthony J. Gabello made the announcement following the Board of Directors' regular meeting on May 22, 2024.
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