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.
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Peoples Ltd. (OTC: PPLL) announced a first quarter cash dividend of $0.60 per share, payable on March 31, 2023. This marks a 9.05% increase over the previous year's first quarter dividend. The Board of Directors declared this dividend during their meeting on February 22, 2023. Shareholders of record as of March 15, 2023 will receive the payment. The announcement indicates the company's commitment to returning value to shareholders, reflecting ongoing business stability.
Peoples Ltd. (OTC: PPLL) reported strong financial results for Q4 2022, with net income increasing by 9.1% to
The Board of Directors of Peoples Ltd. (OTC:PPLL) has declared a cash dividend of $0.60 per share and a 5% stock dividend, payable on December 16, 2022. This cash dividend reflects an 8.89% increase compared to the fourth quarter of 2021. Total cash dividends for 2022 reached $2.34, marking a 6.92% rise over 2021. The dividend was declared on October 26, 2022, and shareholders of record on December 2, 2022, will be eligible for these dividends.
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.
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