PFIS
Peoples Financial Services Corp.52.54
-0.68-1.28%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
525.12MP/E (TTM)
9.77Basic EPS (TTM)
5.38Dividend Yield
0.05%Recent Filings
8-K
New executive severance plan
Peoples Financial Services Corp. adopted a Severance and Change in Control Plan on August 29, 2025, effective September 2, for its CEO and leadership team across three tiers. Tier I offers the CEO 18 months base salary plus pro rata bonus for non-change in control qualifying terminations, escalating to a lump sum of 36 months salary and 2.99 times target bonus post-change in control. Yet executives must sign releases with 12-month non-solicitation covenants. This bolsters retention amid potential M&A, but ties payouts to strict compliance.
8-K
Q2 net income $17M
Peoples Financial Services Corp. posted Q2 2025 net income of $17 million, or $1.68 per diluted share, with ROATCE at 17.7% and net interest margin at 3.69%, reflecting merger synergies from the July 2024 FNCB acquisition that boosted assets to $5.1 billion and deposits to $4.3 billion. Loan yields rose 15 bps quarter-over-quarter to 6.07%, while nonperforming assets dipped to 0.34% of total assets. Strong capital position. Risks include macroeconomic trends and credit exposures.
10-Q
Q2 FY2025 results
Peoples Financial Services Corp. posted strong Q2 FY2025 results, with net income jumping to $17.0M or $1.68 diluted EPS from $3.3M or $0.46 a year earlier, fueled by the FNCB merger's scale and $4.0M in purchase accounting accretion that boosted net interest income 124% y/y to $42.2M (margin up to 3.69% from 2.29%). Loans held steady at $4.0B while deposits dipped 3% q/q to $4.3B amid seasonal municipal outflows and brokered CD redemptions, yet cash swelled 29% q/q to $176M and FCF (derived) reached $17.1M on $23.0M operating cash flow minus $5.9M capex. The $133.7M all-stock FNCB deal closed July 1, 2024, adding $12.6M goodwill and $36.6M core deposit intangibles amortized over 10 years, with expected synergies from branch expansion in northeastern Pennsylvania. Total debt climbed to $271M including $85M new 7.75% subordinated notes due 2035, but revolver availability stayed ample at $1.1B from FHLB. Non-GAAP metrics not disclosed in the 10-Q. Competition from fintechs pressures deposit growth.
8-K
Strong Q2 earnings post-merger
Peoples Financial Services Corp. reported Q2 2025 net income of $17.0 million, or $1.68 per diluted share, up from $15.0 million in Q1, driven by higher net interest income and lower credit loss provisions. The FNCB merger, completed July 1, 2024, boosted asset scale to $5.1 billion and NIM to 3.69%, while nonperforming assets fell to 0.44% of loans. Merger synergies are delivering. Yet, deposit outflows persist.
8-K
Bank property purchase deal
Peoples Security Bank, a subsidiary of Peoples Financial Services Corp., signed a purchase agreement on June 23, 2025, to acquire the property at 30 E.D. Preate Drive in Moosic, Pennsylvania, from Moosic Holdings for $19.5 million, plus $3 million for renovations like a new roof and parking lot upgrades by September 30, 2025, and up to $500,000 for office fit-outs. The bank currently leases part of the property, which will transition to full ownership by June 30, 2026, with all existing leases assigned. This move secures long-term control of key office space. Closing risks hinge on title and condition issues.
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