NASDAQ$PFIS
Peoples Financial Services · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Reported a net loss due to non-recurring charges related to the FNCB merger, which were partially offset by increased net interest income.
Peoples Financial Services Corp. reported a net loss of $4.3 million, or $0.43 per diluted share, for the third quarter of 2024. This decrease in net income was primarily due to non-recurring charges related to the FNCB merger, including a $14.3 million provision for credit losses and $9.6 million in acquisition-related expenses. These charges offset an $18.0 million increase in net interest income, which reached $39.2 million.
- Net loss of $4.3 million, or $0.43 per diluted share, compared to net income of $6.7 million, or $0.95 per diluted share in Q3 2023.
- Net interest income increased $18.0 million to $39.2 million.
- Tax-equivalent net interest margin (NIM) increased 97 basis points to 3.26%.
- Core net income, a non-GAAP measure, totaled $16.5 million, or $1.64 per diluted share, compared to $7.5 million, or $1.05 per diluted share in Q3 2023.
Headline financials
Revenue & EPS history
Peoples Financial · Revenue · Quarterly
$45M
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 earnings report does not include 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 2024
+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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