Peoples Ltd. Announces Second Quarter Results

Rhea-AI Summary

Peoples Ltd. (OTC:PPLL), the holding company for PS Bank, reported strong Q2 2025 financial results with net income of $2.23 million ($1.29 per share), marking a 24.95% increase from Q2 2024. Year-to-date net income reached $4.3 million ($2.49 per share), up 25.17% year-over-year.

The bank achieved significant growth metrics with total assets increasing 5.88% to $616.22 million, deposits rising 5.89% to $540.74 million, and loans growing 7.09% to $406.28 million compared to December 2024. Return on assets improved to 1.46% from 1.29%, while return on equity reached 15.15% compared to 14.09% in the previous year.

Notable developments include the successful opening of the Keyser Village Office in Scranton and the completion of a two-for-one stock split during Q2 2025.

Positive

• Net income increased 24.95% in Q2 2025 to $2.23 million
• Total assets grew 5.88% to $616.22 million, crossing $600M milestone
• Loan portfolio expanded 7.09% to $406.28 million
• Return on equity improved to 15.15% from 14.09%
• Successful completion of two-for-one stock split
• Geographic expansion with new Scranton office

Negative

• Increased salaries and operating expenses reported
• Potential risks from changing economic conditions noted in forward-looking statements

WYALUSING, Pa., July 24, 2025 /PRNewswire/ -- Peoples Ltd. (OTC:PPLL).  Anthony J. Gabello, President and Chief Executive Officer of Peoples Ltd., holding company for PS Bank, has announced results for the second quarter 2025.  Net income for the second quarter of 2025 was $2,232,000 or $1.29 per share.  Net income for the second quarter of 2025 represents an increase of 24.95% from the second quarter 2024 net income of $1,787,000.

Consolidated net income year-to-date was $4,300,000 or $2.49 earnings per share, an increase of 25.17% from consolidated year-to-date income of $3,436,000 or $1.99 earnings per share for the first six months of 2024.  Increased interest income from loan growth and loan repricings and controlled interest expense levels more than offset increases in salaries and operating expenses for the first half of the year. 

Year-to-date return on assets was 1.46% as of June 30, 2025 compared to 1.29% for the same period in 2024. Year-to-date return on average equity was 15.15% as of June 30, 2025 compared to the prior year-to-date of 14.09%.

Total assets increased 5.88% to $616,221,000 from $581,946,000 as of December 31, 2024. Deposits increased 5.89% to $540,735,000 compared to $510,640,000 as of December 31, 2024. Loans increased 7.09% from $379,388,000 year-end 2024 to $406,283,000 as of June 30, 2025. Increased commercial lending primarily accounted for the loan growth through the first half of the year.  The bank's loans-to-deposits ratio is 75.60% at June 30, 2025.

"Our bank continued its strong performance in the second quarter, with net income increasing 24.95% in the second quarter and 25.17% for the 2025 year to date.  The bank had solid balance sheet growth in the second quarter as both loans and deposits increased, and the bank crossed the $600 million level in total assets for the first time.  Our newly opened Keyser Village Office in Scranton has been favorably received by both new and existing customers, as we increase our presence in the Lackawanna County market.  In the second quarter we completed our two-for-one stock split, which was been positive for our shareholders.  We remain committed to doing what we do best – banking for our communities.  Our focus remains on our shareholders, our customers, and our communities," stated Gabello.

Note: This press release may contain forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Actual results and trends could differ materially from those set forth in such statements due to various factors. These factors include operating, legal and regulatory risks; changing economic and competitive conditions and other risks and uncertainties.

Peoples Ltd. is the holding company for PS Bank. PS Bank is an independent community bank, established 1914, with locations throughout Bradford, Sullivan, Wyoming, Lackawanna, and Susquehanna counties. Peoples Ltd. is traded in the Over-the-Counter market under the symbol PPLL. Learn more about PS Bank at PSBanking.com.

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SOURCE Peoples Ltd.

FAQ

What was Peoples Ltd (PPLL) earnings per share for Q2 2025?

Peoples Ltd reported earnings of $1.29 per share for Q2 2025, with net income of $2.23 million.

How much did Peoples Ltd (PPLL) total assets grow in 2025?

Peoples Ltd's total assets increased 5.88% to $616.22 million from $581.95 million as of December 31, 2024.

What was PPLL's loan-to-deposit ratio in Q2 2025?

Peoples Ltd maintained a loans-to-deposits ratio of 75.60% as of June 30, 2025.

How did Peoples Ltd perform in terms of deposit growth in 2025?

Peoples Ltd's deposits increased 5.89% to $540.74 million compared to $510.64 million as of December 31, 2024.

What corporate actions did PPLL complete in Q2 2025?

Peoples Ltd completed a two-for-one stock split in the second quarter of 2025 and opened a new office location in Keyser Village, Scranton.