Peoples Ltd. Announces Second Quarter Results
Rhea-AI Summary
Peoples Ltd. (OTC:PPLL), holding company for PS Bank, reported second quarter 2026 net income of $3,410,000, or $1.87 per share, a 52.73% increase over $2,232,000 in second quarter 2025. Year-to-date 2026 net income reached $6,559,000, or $3.61 per share, up 52.51% from $4,300,000, or $2.37 per share, in the first half of 2025.
According to the company, year-to-date return on assets rose to 1.97% from 1.46%, and return on average equity increased to 19.20% from 15.15%. Total assets grew 5.28% to $675,777,000 since December 31, 2025, deposits increased 5.04% to $587,990,000, and loans rose 3.82% to $441,334,000, yielding a loans-to-deposits ratio of 75.05%.
The company reported $358,000 after-tax income from a gain on redemption of a subordinated debt investment in the second quarter. Management said that excluding this gain, year-to-date 2026 net income would still have increased 44.21% over the same 2025 period.
Positive
- Q2 2026 net income $3.41M, up 52.73% year-over-year
- YTD 2026 net income $6.559M, up 52.51% vs. first half 2025
- YTD ROA 1.97% and ROE 19.20%, both higher than 2025 levels
- Total assets up 5.28% to $675.8M since December 31, 2025
- Deposits up 5.04% to $588.0M and loans up 3.82% to $441.3M
- $358,000 after-tax gain from subordinated debt redemption in Q2 2026
Negative
- Earnings boosted by a $358,000 one-time after-tax gain on debt redemption
- Management notes ROA and ROE are expected to moderate in the remainder of 2026
- Company cites increased personnel and other expenses in 2026 year-to-date
AI-generated analysis. How Rhea-AI works. Not financial advice.
Consolidated net income year-to-date was
Year-to-date return on assets was
Total assets increased
"Our bank has performed well through the first half of 2026, with continued balance sheet and net income growth. We remain committed to effectively managing our balance sheet which has included loan growth, asset repricings, a strategic investment strategy, deposit growth, and controlled interest expense levels, which have more than offset increased personnel and other expenses through 2026 year-to-date.
In the second quarter of 2026, we realized income of
Our
In the first half of the year, we realized substantially increased return on assets and return on equity levels. We expect these benchmarks to continue to be strong but anticipate them to moderate over the remainder of the year.
We strive to position our bank for continued success while we build the infrastructure necessary for sustained growth. As a community bank, we diligently work to do what we do best – banking for our communities. As always, we remain focused on our customers, our communities, and our shareholders," 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.