|Over a month ago|
Peoples Financial reports Q1 EPS $1.31 vs. 71c a year ago » 12:1204/2304/23/21
The increase in earnings…
The increase in earnings over the year ago period is a result of a $4.0M decrease to the provision for loan losses, a $1.2M increase to pre-provision net interest income from lower interest expense, and a $1.0M decrease to noninterest expenses, offset by a higher income tax provision of $2.0M, said Peoples Financial Services, the bank holding company for Peoples Security Bank and Trust Company.
|Over a quarter ago|
Peoples Financial authorizes stock repurchase plan of up to 4.9% of common stock » 18:1202/0102/01/21
Peoples Financial Services Corp. announced that its board of directors has authorized a stock repurchase plan providing for the purchase of up to 4.9 percent its outstanding shares common stock, or 353,422 shares. The timing, price and volume of repurchases will be based on market conditions, relevant securities laws and other factors. The stock repurchases may be made from time to time on the open market or in privately negotiated transactions. The stock repurchase program does not require Peoples to repurchase any specific number of shares, and Peoples may terminate the repurchase program at any time. As of the date of this release, Peoples has approximately 7,212,702 shares of common stock outstanding.
Peoples Financial raises quarterly dividend to 37c from 36c » 13:4101/2901/29/21
Peoples Financial Services declared a Q1 dividend of 37c per share. The dividend represents a 2.8% increase over the 36c per share dividend declared in Q4 of 2020. The dividend is payable March 15, to shareholders of record February 26.
Peoples Financial reports Q3 core EPS $1.09 vs. 96c last year » 15:1711/0311/03/20
Reports Q3 increase in…
Reports Q3 increase in earnings for the three months ended September 30 is the product of an increase in pre-provision net interest income of $0.7M, due primarily to lower funding costs of $1.0M, higher commercial loan interest rate swap revenue of $0.9M, and higher gains of $0.5M on the sale of investment securities. Partially offsetting the increases was a higher provision for loan losses of $0.4M, resulting from the application of allowance for loan losses methodology, and higher federal income tax expense of $0.5M.