NASDAQ$PFIS
Peoples Financial Services · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Peoples Financial's net income decreased by 32.3% due to lower net interest income and higher operating expenses.
Peoples Financial Services Corp. reported a net income of $6.7 million, or $0.95 per diluted share, for the three months ended September 30, 2023. This represents a 32.3% decrease compared to the $10.0 million, or $1.38 per share, reported for the same period in 2022. The decline was primarily due to lower net interest income driven by higher deposit costs, and increased operating expenses mainly attributed to acquisition-related expenses.
- Net income decreased by 32.3% compared to the same period last year.
- Core net income totaled $7.5 million, or $1.05 per diluted share.
- Strategic combination with FNCB Bancorp, Inc. was announced on September 27, 2023.
- Net loan growth consisted primarily of commercial real estate loans.
Headline financials
Revenue & EPS history
Peoples Financial · Revenue · Quarterly
$25M
Revenue by segment
Peoples Financial · $4.48M total across 7 segments · Q3 2020
- Service Charges, Fees, Commissions and Other$1.58M—35.4%
- Interest Rate Swap Income (Loss)$1.23M—27.4%
- Commissions and Fees on Fiduciary Activities$575K—12.8%
- Mortgage Banking Income$488K—10.9%
- Wealth Management Income$272K—6.1%
- Increase in Cash Surrender Value of Life Insurance$192K—4.3%
- Merchant Services Income$137K—3.1%
Forward guidance
The press release does not contain any forward guidance.
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 Q3 2023
+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
| Quarter | Report date | Reaction (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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