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 (PPLL), the holding company for PS Bank, provides essential financial services through its community-focused operations in Pennsylvania. This page serves as the definitive source for official announcements, strategic updates, and operational developments from the 110-year-old institution.
Investors and community stakeholders will find timely updates on dividend declarations, loan portfolio performance, branch expansions, and leadership decisions. All content is sourced directly from company filings and press releases to ensure accuracy.
The repository includes earnings reports, regulatory updates, service enhancements, and community partnership announcements. Regular updates reflect PPLL's commitment to transparent communication about its deposit strategies, lending practices, and financial stewardship.
Bookmark this page for streamlined access to PPLL's latest developments. Combine these updates with Stock Titan's financial tools to monitor the company's performance in the evolving community finance sector.
Peoples Ltd. (OTC: PPLL) announced a net income of $1,870,000 or $2.53 per share for Q3 2022, marking a 9.03% increase from Q3 2021. However, year-to-date net income decreased by 0.57% to $5,076,000. The decline in income is attributed to an 80.61% decrease in mortgage sales and reduced PPP fees of $695,000. Total assets rose by 9.60% to $523,097,000, with loans up 8.25% to $303,735,000 as of September 30, 2022. The bank's strategic growth continues positively despite market challenges.
Peoples Ltd. (OTC: PPLL) announced a third quarter cash dividend of $0.58 per share, marking a 5.1% increase from the previous year. This dividend is payable on September 30, 2022, to shareholders of record as of September 12, 2022. The announcement was made during the Board of Directors meeting on August 24, 2022. The company emphasizes its commitment to returning value to shareholders through consistent dividend increases.
Peoples Ltd. (OTC: PPLL) reported a net income of $1,665,000 or $2.26 per share for Q2 2022, reflecting a 6.09% decrease from Q2 2021. This decline was primarily due to an 89.92% drop in gross mortgage sales and servicing rights income, from $605,000 in Q2 2021 to $61,000 in Q2 2022. Year-to-date, net income totaled $3,206,000 or $4.35 per share, down 5.43% compared to the same period last year. Despite these challenges, total assets increased by 6.19% to $506,820,000.
Peoples Ltd. (OTC: PPLL) has declared a cash dividend of $0.58 per share for the second quarter, marking a 6.8% increase from the previous year. This dividend is payable on June 30, 2022, to shareholders of record as of June 13, 2022. The announcement was made during the Board of Directors meeting on May 25, 2022. This positive development reflects the company’s commitment to returning value to its shareholders and is indicative of its financial strength.
Peoples Ltd. (OTC: PPLL) reported $1,541,000 in consolidated net income for Q1 2022, achieving $2.09 per share, down 4.70% from Q1 2021's $1,617,000 or $2.20 per share. This decline was primarily due to a 72.79% drop in mortgage sales revenue, falling from $746,000 to $203,000, impacted by rising mortgage rates. However, total assets grew 4.35% to $498,043,000, with deposits and loans increasing by 6.28% and 2.48%, respectively. The company remains optimistic about future growth, aided by a new Business Center project.
Peoples Ltd. (OTC: PPLL) has declared a first quarter cash dividend of $0.58 per share, an increase of 6.82% from the previous year's dividend of $0.54. This dividend is payable on March 31, 2022, to shareholders of record by March 15, 2022. Additionally, the company has introduced a Dividend Reinvestment and Stock Purchase Plan for 2022. The announcement was made during the Board of Directors' meeting on February 23, 2022.
Peoples Ltd. (PPLL) reported a strong fourth quarter and annual financial results for 2021. Net income in Q4 2021 was $1,722,000, a 9.9% increase from $1,567,000 in Q4 2020. Earnings per share improved to $2.34, up from $2.13. Total net income for the year was $6,827,000 ($9.28 per share), reflecting a 31.3% annual growth. Key metrics included a 1.45% return on assets and a 15.25% return on equity. Total assets rose to $477,323,000, with deposits increasing by 11.6%.
Peoples Ltd. (OTC:PPLL) has announced a fourth quarter cash dividend of $0.58 per share and a 5% stock dividend, both payable on December 17, 2021. This cash dividend is an 8.72% increase from the previous year. In total, cash dividends paid in 2021 amounted to $2.30, representing a 9.25% increase compared to $2.11 in 2020, adjusted for the stock dividend. Shareholders of record as of December 3, 2021 will receive these dividends.
Peoples Ltd. (OTC: PPLL) reported its third-quarter results for 2021, showing a 22.94% increase in net income to $1,715,000 compared to $1,395,000 in Q3 2020. Earnings per share rose to $2.45 from $1.99. Year-to-date net income reached $5,105,000, a 40.52% increase from $3,633,000 in 2020. Total assets grew to $476,123,000, a 7.37% increase. The bank benefitted from strong mortgage sales and PPP loan fees, while provisions for loan losses decreased significantly to $150,000.
Peoples Ltd. (OTC: PPLL) reported a significant increase in second-quarter net income for 2021, totaling $1,773,000 or $2.53 per share, marking a 46.8% rise from $1,208,000 in 2020. Year-to-date net income also rose 51.4% to $3,390,000, with earnings per share at $4.84. The bank's total assets grew 4.29% to $462,467,000. Enhanced performance was driven by strong mortgage sales and reduced loan loss provisions. However, mortgage sales revenue is expected to decline in the second half of 2021.
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