NASDAQ$PFIS

Peoples Financial Services · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Peoples Financial reported an increase in net income and earnings per share for the second quarter of 2022, driven by growth in net interest income and noninterest income, partially offset by increased provision for loan losses and noninterest expenses.

Peoples Financial Services Corp. reported unaudited financial results for Q2 2022, with net income of $9.4 million, or $1.30 per diluted share, a 10.2% increase compared to Q2 2021. The increase was driven by a $3.4 million increase in net interest income and a $0.5 million increase in noninterest income.

  • Net income increased by 10.2% compared to the same period last year.
  • Net interest income increased by $3.4 million compared to the year-ago period.
  • Noninterest income increased by $0.5 million compared to the year-ago period.
  • Nonperforming assets as a percentage of loans and foreclosed assets improved to 0.18%.

Headline financials

Total Revenue

$27.6M

Previous: $23.7M+16.5%
EPS (adj)

$1.30

Previous: $1.18+10.2%
Return on Average Assets

1.1%

Previous: 1.1%-1.8%
Capital Expenditures

-$2.88M

Previous: -$816K-252.9%
Free Cash Flow

$6.47M

Previous: $7.72M-16.1%
Net Income

$9.35M

Previous: $8.53M+9.6%
Operating Income

$20.6M

Previous: $17.5M+18.0%
Gross Profit

$27.6M

Previous: $23.7M+16.5%
Cash & Equivalents

$47.7M

Previous: $52.1M-8.3%
Total Assets

$3.42B

Previous: $3B+14.1%
Stock-Based Comp

$116K

Previous: $177K-34.5%

Revenue & EPS history

Peoples Financial · Revenue · Quarterly

$27.6M

Q2 2022+16.5%vs Q2 2021
Beat estimate in 3 of 13 quarters(23%)
ActualEstimate

Revenue by segment

Peoples Financial · $4.48M total across 7 segments · Q3 2020

  • Service Charges, Fees, Commissions and Other
    $1.58M
  • Interest Rate Swap Income (Loss)
    $1.23M
  • Commissions and Fees on Fiduciary Activities
    $575K
  • Mortgage Banking Income
    $488K
  • Wealth Management Income
    $272K
  • Increase in Cash Surrender Value of Life Insurance
    $192K
  • Merchant Services Income
    $137K

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2022

Historical avgQ2 2022

+0.8%

Avg return

Earnings day

+1.9%

Avg return

5 days after

+2.5%

Avg return

30 days after

49%

32 / 65 earnings

Positive

+16.8%

Q3 2024

Best reaction

-12.8%

Q4 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.6%+0.6%+4.8%
Q4 2025+0.0%+6.9%+4.2%
Q3 2025+2.9%+3.9%+10.6%
Q1 2025+3.5%+6.0%+1.7%
Q4 2024-3.5%+0.5%-11.3%
Q3 2024+16.8%+6.7%+16.0%
Q2 2024+3.6%+1.1%-3.2%
Q1 2024-1.2%-2.2%+6.0%
Q4 2023-1.6%-2.2%-15.9%
Q3 2023+0.1%+2.6%+9.2%
Q2 2023+1.0%+0.7%-5.1%
Q1 2023+0.5%-5.8%+1.9%
Q4 2022-0.3%+0.0%-1.9%
Q3 2022+0.3%+4.3%+11.3%
Q2 2022-1.3%-1.4%+1.7%
Q1 2022-0.5%+0.8%+7.2%
Q4 2021+2.5%+1.0%-2.6%
Q3 2021+1.4%-0.1%+8.6%
Q2 2021-0.7%-0.5%+5.2%
Q1 2021+0.6%+1.0%+4.8%
Q4 2020+8.3%+9.2%+22.9%
Q3 2020+2.0%+2.1%+5.7%
Q2 2020-0.4%-0.2%+2.6%
Q1 2020+7.9%+27.1%+9.5%
Q4 2019-12.8%-12.2%-9.6%
Q3 2019+0.2%+2.6%+2.4%
Q2 2019+0.2%+1.3%-2.7%
Q1 2019-0.0%-0.1%-2.6%
Q4 2018+1.1%+6.7%+6.7%
Q3 2018-1.1%+5.7%+5.2%
Q2 2018-0.6%-0.6%-3.0%
Q1 2018+0.5%-0.9%+3.1%
Q4 2017-3.0%-5.6%-6.7%
Q3 2017-0.9%+3.5%+5.2%
Q2 2017-0.2%-0.9%-5.8%
Q1 2017-1.6%+2.2%-6.8%
Q4 2016+1.2%+3.9%-2.2%
Q3 2016-0.8%+2.6%+16.0%
Q2 2016+2.5%+2.1%+3.4%
Q1 2016-1.3%
Q4 2015+0.2%
Q3 2015-1.3%
Q2 2015+4.0%
Q1 2015-0.6%
Q4 2014-0.3%
Q3 2014+1.3%
Q2 2014+3.0%
Q1 2013-0.2%
Q1 2014+4.3%
Q2 2013+3.8%
Q4 2012+3.8%
Q4 2013+3.8%
Q3 2012+0.0%
Q3 2013+0.0%
Q2 2012+5.9%
Q1 2012+3.4%
Q4 2010+0.0%
Q4 2009+0.0%
Q4 2011+0.0%
Q3 2011-0.0%
Q3 2010-0.0%
Q2 2011-1.8%
Q2 2010-1.8%
Q1 2011-1.8%
Q1 2010+1.0%

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