Company Overview - Peoples Financial Services (PFIS) is based in Dunmore and operates in the Finance sector, with a year-to-date share price change of -4.47% [3] - The company currently pays a dividend of $0.62 per share, resulting in a dividend yield of 5.05%, which is significantly higher than the Banks - Northeast industry's yield of 2.82% and the S&P 500's yield of 1.55% [3] Dividend Performance - The current annualized dividend of $2.47 represents a 20.2% increase from the previous year [4] - Over the past five years, PFIS has increased its dividend four times, achieving an average annual increase of 9.97% [4] - The company's current payout ratio is 52%, indicating that it pays out 52% of its trailing 12-month earnings per share as dividends [4] Earnings Growth Expectations - For the fiscal year 2025, the Zacks Consensus Estimate predicts earnings of $5.97 per share, reflecting a year-over-year growth rate of 58.36% [5] Investment Appeal - PFIS is considered an attractive dividend play and a compelling investment opportunity, currently holding a Zacks Rank of 1 (Strong Buy) [7]

Financial Performance - Net income for the three months ended March 31, 2025, was $15.0 million or $1.49 per diluted share, an increase of $11.5 million compared to $3.5 million or $0.49 per share for the same period in 2024[215]. - Net interest income increased to $20.2 million, contributing to a net interest margin of 3.50% for the first quarter of 2025, up from 2.29% in the same period of 2024[215][223]. - Noninterest income rose to $6.3 million, compared to $3.4 million in the year-ago period, reflecting growth from the FNCB merger[215]. - The efficiency ratio improved to 55.8% for the three months ended March 31, 2025, down from 75.7% in the same period of 2024, reflecting better management of operating expenses[220]. - Noninterest expenses rose to $27.4 million for the three months ended March 31, 2025, an increase of $9.3 million from $18.1 million in the same period a year ago, primarily due to merger-related increases in salaries and employee benefits[242]. Asset and Liability Management - Total assets decreased by $92.3 million or 7.4% annualized to $5.0 billion at March 31, 2025[163]. - Total loans decreased by $2.0 million to $4.0 billion at March 31, 2025, with a 0.20% annualized decline since December 31, 2024[175]. - Total deposits decreased by $90.6 million to $4.3 billion at March 31, 2025, with interest-bearing deposits down by $56.5 million[165]. - Total stockholders' equity increased by $12.9 million to $481.9 million at March 31, 2025, due to net income and a reduction in unrealized losses[166]. - Total borrowings decreased by $11.3 million to $144.3 million at March 31, 2025, from $155.6 million at December 31, 2024[190]. Loan and Deposit Trends - Commercial and industrial loans increased by $17.0 million to $853.0 million at March 31, 2025[175]. - Unused commitments totaled $780.8 million at March 31, 2025, a decrease from $800.9 million at December 31, 2024[179]. - Nonperforming assets increased by $0.7 million to $23.7 million, representing 0.47% of total assets as of March 31, 2025, up from 0.45% at December 31, 2024[180]. - Total estimated uninsured deposits were approximately $1.3 billion, or 30.0% of total deposits, as of March 31, 2025, down from 31.3% at December 31, 2024[187]. - Nonaccrual loans increased by $0.5 million to $23.0 million at March 31, 2025, from $22.5 million at December 31, 2024[181]. Interest Rate and Yield Analysis - The FTE yield on the investment portfolio increased by 115 basis points to 2.95% for the three months ended March 31, 2025[171]. - The FTE yield on the entire loan portfolio was 5.92% for the three months ended March 31, 2025, an increase of 88 basis points from the comparable period last year[177]. - The overall yield on earning assets increased by 94 basis points to 5.50% for the three months ended March 31, 2025, from 4.56% in the same period of 2024[224]. - The yield on loans increased by 88 basis points to 5.92% in the first quarter of 2025, from 5.04% in the first quarter of 2024[232]. - The cost of interest-bearing deposits decreased to 2.46% for the first quarter of 2025, compared to 2.90% for the same period in 2024[188]. Credit Losses and Provisions - The allowance for credit losses was $41.1 million, or 1.03% of loans, net, at March 31, 2025, down from $41.8 million, or 1.05%, at December 31, 2024[183]. - The provision for credit losses was $0.2 million for the three months ended March 31, 2025, down from $0.7 million in the prior year, reflecting changes in the loan portfolio and performance[239]. - The allowance for credit losses was $42.08 million as of March 31, 2025, indicating the company believes it is adequate to absorb known and inherent losses[238]. Strategic Initiatives and Future Outlook - The company implemented a strategy to reduce deposit costs, contributing to a higher earning asset yield during the current period[250]. - Management expects cash flow from the investment portfolio and adjustable rate loans to reprice higher than current portfolio rates, aiming to mitigate the impact of lower interest from floating rate loans[253]. - The simulation model indicates that a 100 basis point increase in interest rates would result in a projected decrease of 0.9% in NII for the 12 months ending March 31, 2025[254]. - The company completed its merger with FNCB on July 1, 2024, and is currently integrating FNCB into its internal control over financial reporting processes[258]. - The Asset Liability Management Committee (ALCO) regularly reviews interest rate risk exposure and has established policy limits to manage this risk effectively[246].

Financial Performance - Peoples Financial Services Corp. reported net income of $15.0 million, or $1.49 per diluted share for Q1 2025, a significant increase from $6.1 million, or $0.61 per diluted share in Q4 2024[3]. - Net income for Q1 2025 reached $15,009,000, a significant increase from $3,466,000 in Q1 2024, representing a growth of approximately 333%[49]. - Net income for Q1 2025 was $15,009,000, significantly higher than the net income of $6,087,000 in Q4 2024, representing a growth of 146.5%[50]. - Core net income for Q1 2025 was $15,129,000, up from $9,988,000 in Q1 2024, representing a 51.5% increase[63]. - Core net income per share increased to $1.51 in Q1 2025 from $0.99 in Q1 2024, a growth of 52.5%[63]. Income and Expenses - Total interest income for Q1 2025 was $62,426,000, up from $38,997,000 in Q1 2024, indicating a year-over-year increase of about 60%[49]. - Net interest income after provision for credit losses was $39,348,000 in Q1 2025, compared to $18,610,000 in Q1 2024, reflecting an increase of approximately 112%[49]. - Noninterest income rose to $6.3 million in Q1 2025, driven by a $680 thousand gain from the sale of fixed assets[25]. - Noninterest income rose to $6,256,000 in Q1 2025, up from $3,393,000 in Q1 2024, representing an increase of approximately 84%[49]. - Noninterest expenses decreased by $7.4 million to $27.4 million in Q1 2025, excluding acquisition-related expenses[26]. - Total noninterest expense decreased to $27,353,000 in Q1 2025 from $34,833,000 in Q4 2024, a reduction of 21.4%[50]. Asset and Liability Management - Total assets, loans, and deposits as of March 31, 2025, were $5.0 billion, $4.0 billion, and $4.3 billion, respectively, with total loans declining by $2.0 million during the quarter[30]. - Total assets as of March 31, 2025, were $4,999,358,000, down from $5,091,657,000 at the end of the previous quarter[56]. - Total deposits decreased to $4,316,927,000 from $4,407,552,000 quarter-over-quarter[56]. - Total deposits decreased by $90.6 million in Q1 2025, primarily due to seasonal outflows of non-maturity deposits[32]. - Interest-bearing deposits totaled $3,415,529,000 as of March 31, 2025, down from $3,472,036,000 at December 31, 2024, reflecting a decrease of about 1.63%[60]. Capital and Equity - Stockholders' equity increased to $481.9 million or $48.21 per share at March 31, 2025, from $469.0 million or $46.94 per share at December 31, 2024[35]. - Total stockholders' equity rose to $481,854,000 in Q1 2025, compared to $468,950,000 in Q4 2024, reflecting a 2.0% increase[63]. - The company maintains a well-capitalized position with available borrowing capacity of $1.1 billion at the FHLB and $583.2 million at the Federal Reserve's Discount Window[34]. Efficiency and Profitability Ratios - Return on average assets and return on average equity for Q1 2025 were 1.22% and 12.70% respectively, compared to 0.47% and 5.07% for Q4 2024[3]. - The efficiency ratio improved to 55.77% in Q1 2025 from 63.03% in Q4 2024[16]. - The efficiency ratio improved to 55.77% in Q1 2025 from 75.73% in Q1 2024, indicating enhanced operational efficiency[64]. - The return on average stockholders' equity improved to 12.70% in Q1 2025 from 5.07% in Q4 2024, indicating stronger profitability[49]. - Return on average tangible stockholders' equity for Q1 2025 was 16.59%, up from 10.87% in Q1 2024, showing a strong performance improvement[63]. Credit Quality - The provision for credit losses decreased to $0.2 million in Q1 2025 from $3.4 million in the prior quarter[22]. - Nonperforming assets were $23.7 million or 0.59% of loans at March 31, 2025, compared to $23.0 million or 0.58% at December 31, 2024[37]. - Net charge-offs for Q1 2025 were $0.9 million, with the allowance for credit losses at $41.1 million or 1.03% of loans[38]. - The allowance for credit losses was $41,054,000, an increase from $41,776,000 in the previous quarter[56]. Market and Shareholder Information - Market capitalization decreased to $444,499,000 in Q1 2025 from $511,325,000 in Q4 2024, a decline of approximately 13%[49]. - Average common shares outstanding increased to 9,992,922 in Q1 2025 from 7,052,912 in Q1 2024, reflecting a growth of about 42%[49]. - Cash dividends declared per share remained stable at $0.62 in Q1 2025, compared to $0.41 in Q1 2024, marking a 51% increase[49]. - Cash dividends declared remained stable at $0.62 per share for Q1 2025, consistent with the previous quarters[50].

分组1 - Peoples Financial Services Corp. declared a second quarter cash dividend of $0.6175 per share, payable on June 13, 2025, to shareholders of record on May 30, 2025, representing a 50.6% increase compared to the second quarter of 2024 [1] - Peoples Financial Services Corp. operates as a bank holding company for Peoples Security Bank and Trust Company, providing a range of financial products and services through 39 community banking offices across Pennsylvania, New Jersey, and New York [2] - The company's business philosophy emphasizes direct access to senior management and a commitment to friendly, informed, and courteous service [2]

Loan Portfolio Composition - Commercial real estate loans total $2.3 billion, representing 57.4% of the gross loan portfolio as of December 31, 2024[41]. - Multi-family commercial real estate loans account for $505.8 million, or 22.3% of the commercial real estate portfolio[44]. - Commercial business loans comprise 20.9% of the loan portfolio, focusing on term loans for capital improvements and working capital[44]. - Commercial equipment financing loans total $179.1 million, or 4.5% of the total loan portfolio[47]. - Residential real estate loans make up 13.8% of the loan portfolio, with fixed-rate and adjustable-rate options available[48]. - Consumer loans represent 3.3% of the loan portfolio, including lines of credit and automobile loans[54]. Loan Performance and Credit Losses - The largest commercial real estate relationship has an aggregate total exposure of approximately $35.4 million, with all underlying loans performing in accordance with their terms[40]. - As of December 31, 2024, the total loans held for investment increased to $3,993.5 million from $2,849.9 million at the end of 2023, representing a growth of approximately 40%[67]. - The allowance for credit losses (ACL) rose to $41.8 million at December 31, 2024, up from $21.9 million at the end of 2023, marking an increase of 90.4%[69]. - The ACL as a percentage of loans held for investment was 1.05% at the end of 2024, compared to 0.77% at the end of 2023[70]. - Nonperforming loans totaled $22.96 million at December 31, 2024, significantly higher than $4.95 million at the end of 2023, indicating a rise of approximately 363%[67]. - The coverage ratio of ACL to nonperforming loans was 182.0% at December 31, 2024, down from 442.6% at the end of 2023, reflecting a decrease in the bank's ability to absorb potential losses[70]. Liquidity and Capital Management - The maximum borrowing capacity with the FHLB was $1.7 billion, with $99.1 million outstanding in borrowings as of December 31, 2024[75]. - Total sources of liquidity amounted to $3,265.5 million as of December 31, 2024, with $844.2 million outstanding[77]. - The bank had $460.4 million in trust assets under management as of December 31, 2024, indicating a stable asset management position[78]. - The bank's primary source of funds is deposit gathering, supplemented by investment activities and net income[73]. - The Bank was classified as "well capitalized" based on its actual capital position as of December 31, 2024[107]. - As of December 31, 2024, the Company reported a Common Equity Tier 1 capital ratio of 10.16%, exceeding the minimum requirement of 4.5%[114]. - The Bank's Tier 1 capital ratio stood at 10.95%, above the minimum requirement of 6%[114]. - Total capital to risk-weighted assets for the Company was 12.34%, significantly higher than the minimum requirement of 8%[114]. - The Company maintained a Tier 1 capital to average assets ratio of 7.97%, surpassing the minimum requirement of 4%[114]. Regulatory Compliance and Risks - The federal banking regulators have adopted risk-based capital guidelines to assess capital adequacy, with risk adjustment percentages ranging from 0% to 150%[111]. - Under FDICIA, a depository institution is prohibited from making capital distributions if it would become undercapitalized[108]. - The Bank must set aside at least 10% of its net earnings as surplus if its surplus does not equal at least 100% of its capital stock[91]. - The FDIC finalized a new policy statement in September 2024 regarding bank merger transactions, which may impose more stringent market concentration limits[96]. - The Bank is subject to restrictions on extensions of credit to executive officers and directors, requiring terms to be comparable to those available to third parties[90]. - The Bank's ability to pay dividends is dependent on receiving dividends from its subsidiary, with restrictions imposed by federal and state laws[91]. - The federal banking agencies have expanded powers to take enforcement actions against institutions failing to comply with capital standards, including termination of deposit insurance[109]. - The Bank must obtain state approval from the Department of Banking before establishing new branch offices[110]. - Certain transactions between the Bank and its affiliates must be conducted on market terms, ensuring fairness in financial dealings[99]. Interest Rate Risk Management - The Company utilizes interest rate risk models and derivatives to manage interest rate exposure and enhance stability in interest income[120]. - The company's interest rate risk position showed a balance sheet spread increase of 79 basis points due to growth from the merger with FNCB and lower interest-bearing liability costs[461]. - As of December 31, 2024, net interest income simulations indicated that exposure to changing interest rates remained within established tolerance levels[458]. - Projected net interest income for the 12 months ending December 31, 2024, would decrease by 0.2% with a 100 basis point increase in interest rates[463]. - The Asset Liability Committee (ALCO) regularly reviews interest rate shift scenarios, including changes in the yield curve and parallel interest rate changes of up to 400 basis points[462]. - The ALCO uses income simulation to measure interest rate risk over 24-month and 60-month horizons, ensuring stability and adequacy of earnings sources[457]. Compliance with Community Reinvestment Act - The Bank received a "satisfactory" rating in its last Community Reinvestment Act compliance examination conducted in 2023[121]. - The Company is currently evaluating the impact of modified CRA regulations but does not anticipate any material operational impacts[125]. Impact of Legislation - The company is monitoring the impact of the proposed corporate alternative minimum tax (AMT) under the Inflation Reduction Act, which applies to corporations with net income exceeding $1 billion[148]. - The company did not repurchase any stock in 2024, thus avoiding the 1% excise tax on stock repurchases introduced by the Inflation Reduction Act[149]. - The FDIC approved a one-time special assessment rate of approximately 13.4 basis points to recover losses from bank failures in 2023, but the Bank is not required to pay this assessment[130]. - Dodd-Frank regulations require a minimum leverage ratio of 4% for capital adequacy, which the Company meets[115]. Brokered Deposits and Regulations - The company is subject to various federal and state regulations, including the Equal Credit Opportunity Act and the Home Mortgage Disclosure Act, which govern mortgage origination activities[141]. - The company has not experienced material impacts from recent revisions to brokered deposit regulations effective April 1, 2021[143]. - The company continues to monitor the status of proposed rules related to brokered deposits and corporate governance, which may affect its operations[144].

Group 1: Peoples Financial Services Corp. (PFIS) - The company is a bank holding company for Peoples Security Bank and has a Zacks Rank of 1 [1] - The Zacks Consensus Estimate for its current year earnings has increased by 10.2% over the last 60 days [1] - The price-to-earnings ratio (P/E) is 8.75, compared to the industry average of 10.40, indicating strong value characteristics [1] - The company possesses a Value Score of B [1] Group 2: Urban Outfitters, Inc. (URBN) - The company is a retail company with a Zacks Rank of 1 [2] - The Zacks Consensus Estimate for its current year earnings has increased by 0.8% over the last 60 days [2] - The price-to-earnings ratio (P/E) is 13.24, significantly lower than the industry average of 23.90, suggesting strong value [2] - The company possesses a Value Score of B [2] Group 3: Molson Coors Beverage Company (TAP) - The company is a beverage company with a Zacks Rank of 1 [3] - The Zacks Consensus Estimate for its next year earnings has increased by 4.7% over the last 60 days [3] - The price-to-earnings ratio (P/E) is 9.70, compared to the industry average of 12.70, indicating strong value characteristics [3] - The company possesses a Value Score of A [3]

Core Points - Peoples Financial Services Corp. reported a net income of $6.1 million, or $0.61 per diluted share for Q4 2024, a significant recovery from a net loss of $4.3 million, or $0.43 per diluted share in Q3 2024, primarily due to lower provisions for credit losses and noninterest expenses [2][6][20] - The company completed the merger with FNCB Bancorp, Inc. on July 1, 2024, which contributed approximately $1.8 billion in assets and $1.4 billion in deposits, enhancing its market position in northeastern Pennsylvania [9][10][32] - For the full year 2024, net income decreased to $8.5 million, or $0.99 per diluted share, compared to $27.4 million, or $3.83 per diluted share in 2023, largely due to $30.5 million in non-recurring charges related to the merger [6][30] Financial Performance - Core net income for Q4 2024 was $10.0 million, or $0.99 per diluted share, down from $16.5 million, or $1.64 per diluted share in Q3 2024 [4][5] - Pre-provision net revenue (PPNR) for Q4 2024 was $9.6 million, or $0.96 per diluted share, compared to $8.7 million, or $0.86 per diluted share in Q3 2024 [5][20] - Total interest income for the twelve months ended December 31, 2024, increased to $211.5 million from $149.9 million in 2023, driven by higher loan interest income [27][53] Asset Quality - Nonperforming assets increased to $23.0 million, or 0.58% of loans, net and foreclosed assets at December 31, 2024, compared to $4.9 million, or 0.17% at the end of 2023 [40][41] - The allowance for credit losses was $41.8 million, or 1.05% of loans, net, at December 31, 2024, up from $21.9 million, or 0.77% at the end of 2023 [41][50] Balance Sheet Highlights - As of December 31, 2024, total assets were $5.1 billion, with loans at $4.0 billion and deposits at $4.4 billion, reflecting a loan growth of $1.1 billion or 40.1% year-over-year [32][35] - The company had $135.9 million in cash and cash equivalents, a decrease from $187.4 million at the end of 2023, with additional liquidity sources totaling $2.4 billion [20][37] - Total deposits increased by $1.1 billion during 2024, primarily due to the merger, with noninterest-bearing deposits rising by $290.8 million [35][36] Merger Impact - The FNCB merger resulted in $13.0 million of goodwill and a core deposit intangible valued at $36.6 million, enhancing the company's operational scale and market presence [10][11] - The merger-related expenses totaled $30.5 million for the year, impacting net income but expected to yield long-term benefits through increased market share and operational efficiencies [11][30]

Financial Performance - Peoples reported net income of $6.1 million, or $0.61 per diluted share for Q4 2024, a significant recovery from a net loss of $4.3 million in Q3 2024[2]. - Core net income for Q4 2024 was $10.0 million, or $0.99 per diluted share, compared to $16.5 million, or $1.64 per diluted share in Q3 2024[4]. - For the twelve months ended December 31, 2024, net income decreased to $8.5 million, or $0.99 per diluted share, from $27.4 million, or $3.83 per diluted share in 2023, primarily due to $30.5 million in non-recurring charges[6]. - Net income for Q4 2024 was $8.498 million, a decrease from $27.380 million in Q4 2023[53]. - Core net income for Q4 2024 was $9,988,000, translating to a core net income per share of $0.99, a decrease from $1.64 in Q3 2024[71]. - Core net income per share for 2024 is $3.77, down from $4.03 in 2023, reflecting a decrease of 6.45%[72]. - Core net income for 2024 is $32,365, compared to $28,854 in 2023, reflecting a growth of 12.00%[72]. Mergers and Acquisitions - The FNCB merger, completed on July 1, 2024, was valued at approximately $133.7 million and contributed approximately $1.8 billion in assets[10][11]. - Non-recurring acquisition-related expenses totaled $5.0 million in Q4 2024, down from $24.0 million in Q3 2024[2][12]. - The company incurred acquisition-related expenses of $4,990,000 in Q4 2024, with a tax adjustment of $1,089,000[71]. Asset and Loan Management - Total assets, loans, and deposits as of December 31, 2024 were $5.1 billion, $4.0 billion, and $4.4 billion, respectively[31]. - Total loans reached $4,035,702 thousand, with interest income of $59,882 thousand and a yield of 5.90% for the three months ended December 31, 2024, compared to $2,860,665 thousand, $35,531 thousand, and 4.93% respectively in 2023[56]. - Loan growth for the twelve months ended December 31, 2024 was $1.1 billion, representing a 40.1% increase, primarily due to loans acquired in the FNCB merger[31]. - Total loans decreased to $3,993,505,000 in Q4 2024 from $4,069,683,000 in Q3 2024, a decline of 1.9%[65]. - Total loans, net stood at $4,035,702 million as of December 31, 2024, slightly down from $4,068,634 million at September 30, 2024, reflecting a decrease of about 0.8%[69]. Credit Quality and Loss Provisions - The allowance for credit losses to loans increased to 1.05% at December 31, 2024, up from 0.97% at September 30, 2024[17]. - The provision for credit losses totaled $19.1 million for the twelve months ended December 31, 2024, including a $14.3 million day-one provision related to the FNCB merger[28]. - Provision for credit losses was $3,369,000 in Q4 2024, significantly lower than $14,458,000 in Q3 2024, indicating improved credit quality[54]. - Nonperforming assets increased to $23.0 million or 0.58% of loans at December 31, 2024, compared to $4.9 million or 0.17% at the end of 2023[39]. - Nonperforming assets increased to $23,002,000 in Q4 2024 from $21,545,000 in Q3 2024, an increase of 6.8%[65]. - The allowance for credit losses at the end of Q4 2024 was $41,776,000, up from $39,341,000 at the end of Q3 2024, an increase of 6.0%[65]. Income and Expense Analysis - Net interest income for the twelve months ended December 31, 2024 increased by $29.2 million to $116.0 million, a 33.5% increase in tax-equivalent net interest income compared to 2023[27]. - Noninterest income for the twelve months ended December 31, 2024 was $18.3 million, an increase of $4.2 million or 29.8% from the prior year[29]. - Noninterest expense for the twelve months ended December 31, 2024 was $106.7 million, an increase of $38.9 million or 57.3% from the previous year, largely due to acquisition-related expenses[30]. - Total interest income increased to $211.460 million in 2024 from $149.851 million in 2023, representing a 41.1% growth[53]. - Noninterest expense rose to $106.726 million in 2024, up from $67.820 million in 2023, indicating a 57.2% increase[53]. - Total interest income decreased to $66,504,000 in Q4 2024 from $69,004,000 in Q3 2024, reflecting a decline of 3.6%[61]. Equity and Market Capitalization - Stockholders' equity increased to $469.0 million or $46.94 per share at December 31, 2024, up from $340.4 million or $48.35 per share a year earlier[37]. - Market capitalization increased to $511.325 billion in Q4 2024, compared to $468.549 billion in Q3 2024, reflecting an 9.2% growth[49]. - Total stockholders' equity as of December 31, 2024, was $468,950,000, with tangible book value per share at $35.88, down from $36.24 in the previous quarter[71]. - The company reported a total stockholders' equity of $468,950,000 as of December 31, 2024, down from $475,051,000 at the end of Q3 2024, a decrease of 1.2%[63]. Operational Efficiency - Return on average equity for Q4 2024 was 5.07%, compared to negative 3.58% in Q3 2024; core return on average equity was 8.31%[17]. - Efficiency ratio for Q4 2024 was 63.03%, up from 53.14% in Q3 2024, indicating a decline in operational efficiency[49]. - Pre-provision net revenue (PPNR) for Q4 2024 was $9,636,000, with PPNR per share at $0.96, up from $0.86 in Q3 2024[71]. - Core PPNR (non-GAAP) for Q4 2024 was $14,626,000, with core PPNR per share at $1.46, a decrease from $1.83 in Q3 2024[71]. - Efficiency ratio for the three months ended December 31, 2024, improved to 63.03% from 69.94% in 2023, indicating enhanced operational efficiency[74].

SCRANTON, Pa., Feb. 4, 2025 /PRNewswire/ -- The Board of Directors of Peoples Financial Services Corp. ("PFIS") (NASDAQ: PFIS) announced today that James M. Bone, Jr., CPA, Executive Vice President and Chief Operations Officer of PFIS and its banking subsidiary, Peoples Security Bank and Trust Company ("PSBT"), will become Chief Financial Officer effective as of March 31, 2025. At the same time, John R. Anderson, III, Executive Vice President and Chief Financial Officer, will become Chief Operating Officer ...

分组1 - Peoples Financial Services Corp. declared a first quarter cash dividend of $0.6175 per share, payable on March 14, 2025, to shareholders of record on February 28, 2025, representing a 50.6% increase compared to the first quarter of 2024 [1] - Peoples Financial Services Corp. operates as a bank holding company for Peoples Security Bank and Trust Company, providing a range of financial products and services through 39 full-service community banking offices across Pennsylvania, New Jersey, and New York [2]