Peoples Financial Services Corp. · NASDAQ:PFIS
Peoples Financial Services — Q3 2025 Earnings Presentation
26 slides from Peoples Financial Services's earnings presentation, Nov 6, 2025
Slide 1: Peoples Financial Services Corp. Q3 2025 Investor Presentation
Peoples Financial Services Corp. Q3 2025 Investor Presentation November 2025
Slide 2: Disclaimer
This presentation (this “Presentation”) has been prepared solely for general informational purposes by Peoples Financial Services Corp. (the “Company,” the “holding company,” “we” or “our”), a bank holding company registered under the Bank Holding Company Act of 1956, as amended, and 100% owner of P
Slide 3: Q3 2025 Results
Q3 2025 Results Note: Consolidated (GAAP) financial data as September 30, 2025 (1) ROATCE, net interest margin (FTE), efficiency ratio, TCE / TA, and TBVPS are non-GAAP financial measures; please see pages 24 and 25 for a reconciliation (2) Cash + Federal Funds Sold + AFS Securities - Equity Securit
Slide 4: Company overview, history and financial snapshot
Note: Consolidated (GAAP) financial data as September 30, 2025 (1) TCE / TA, net interest margin (FTE), efficiency ratio, and tangible book value per share are non-GAAP financial measures; please see pages 24 and 25 for a reconciliation 4 Peoples Financial Services Corp. (NASDAQ: PFIS) 2014 2014 201
Slide 5: Branch Footprint and Deposit Market Share
5 Branch Footprint and Deposit Market Share Top 10 Pennsylvania Community Banks # Company Assets ($B) 1 S&T Bancorp, Inc. $9.81 2 Univest Financial Corporation $8.54 3 CNB Financial Corporation $8.23 4 Mid Penn Bancorp, Inc. $6.25 5 Semperverde Holding Co $5.82 6 Orrstown Financial Services, Inc. $5
Slide 6: Principal Markets Overview
6 • Population of ~575k people; the Scranton—Wilkes-Barre, PA MSA includes 23 PFIS branches • ~16% market share; accounts for ~59% of PFIS’s deposit franchise • Main businesses include manufacturing, distribution, and back-office centers (1) • Ideal location in Boston-Washington metro corridor (1) P
Slide 7: Experienced Management Team
Experienced Management Team Note: Years at Bank includes time spent at companies acquired by PFIS 7 Gerard A. Champi – Chief Executive Officer Years in Banking: 42 | Years at Bank: 34 Gerard A. Champi, was appointed Chief Executive Officer the Company and the Bank effective January 1, 2025, age 64.
Slide 8: Experienced Management Team
Experienced Management Team Note: Years at Bank includes time spent at companies acquired by PFIS 8 Jeffrey A. Drobins – EVP & Chief Lending Officer Years in Banking: 18 | Years at Bank: 11 Jeffrey A. Drobins, Executive Vice President and Chief Lending Officer of the Company and the Bank, age 40. Mr
Slide 9: Strong Balance Sheet Growth
Strong Balance Sheet Growth Note: Consolidated (GAAP) financial data as of September 30, 2025 9 $2,963 $3,047 $3,279 $4,408 $4,290 – $1,000 $2,000 $3,000 $4,000 $5,000 $6,000 2021 2022 2023 2024 2025Q3 $2,301 $2,703 $2,828 $3,952 $3,977 – $1,000 $2,000 $3,000 $4,000 $5,000 $6,000 2021 2022 2023 2024
Slide 10: Loan Portfolio Growth & Diversification
Non Owner Occ. CRE, 20.7% 1-4 Family, 20.1% Commercial & Industrial, 17.2% Owner Occ. CRE, 14.9% Multifam, 10.3% Other (2), 10.1% Constr & Land Dev, 6.6% Farm, 0.3% Gross Loan Balance % of Consl. TRBC 1-4 Family Residential $806,143 143% Non-Owner Occupied CRE 830,487 147% Owner Occupied CRE 597,828
Slide 11: Historical Bank Loan Composition & Yields
Historical Bank Loan Composition & Yields Note: Bank-level financial data as of September 30, 2025, 2024-year yields use the average of the quarterly average balance for the denominator 11 Peoples Security Bank and Trust Company Loan Composition Since 2021 2021 2022 2023 2024 2025Q3 Gross Loan Compo
Slide 12: Non-Owner Occupied CRE Portfolio Composition
Non-Owner Occupied CRE Portfolio Composition at September 30, 2025 Note: Bank-level financial data as of September 30, 2025 12 ($ in thousands) Non-Owner Occupied Loan Category Number of Loans Average Loan Size Loan Balance Wtd Average Interest Rate Multifamily (5+ Units) 329 $ 1,570 $ 516,519 5.26%
Slide 13: Owner Occupied CRE Portfolio Composition
Note: Bank-level financial data as of September 30, 2025 13 ($ in thousands) Owner Occupied Loan Category Number of Loans Average Loan Size Loan Balance Wtd Average Interest Rate Industrial / Warehouse 243 $ 733 $ 178,199 5.48% Office 222 $ 395 $ 87,717 5.84% Other 141 $ 566 $ 79,841 5.68% Recreatio
Slide 14: Commercial Real Estate Portfolio Details
Commercial Real Estate Portfolio Details Note: Bank-level financial data as of September 30, 2025 14 $73 $210 $179 $194 $126 3.45% 9.99% 8.49% 9.21% 5.98% 0.00% 2.00% 4.00% 6.00% 8.00% 10.00% 12.00% $- $50 $100 $150 $200 $250 2025 2026 2027 2028 2029 Balance % of CRE Loans • CRE loans schedule to ma
Slide 15: Investment Portfolio Composition & Performance
RMBS, 39.7% Treasury Secs, 21.5% State & Political Subdiv Secs, 26.0% Other Securities, 4.0% CMBS, 4.1% Structured Financial Products, 3.2% ABS, 1.2% Govt & Agency Secs, 0.3% Investment Portfolio Composition & Performance Note: Bank-level financial data as of September 30, 2025 (1) Each category per
Slide 16: Asset Quality Summary
C&I - Other, 14% C&I - Equipment Financing, 12% CRE (incl. Multifamily), 54% 1-4 Family Residential, 16% Consumer, 5% Asset Quality Summary Note: Consolidated (GAAP) financial data as of September 30, 2025 16 • Nonperforming loans to total loans: • 0.38% at September 30, 2025 as compared to 0.44% at
Slide 17: Deposit Composition and Total Cost of Deposits
Relationship-based core deposits Note: Consolidated (GAAP) financial data as of September 30, 2025, Fed Funds Target Rate represents the day-weighted upper bound of the Fed Funds target 17 0% 1% 2% 3% 4% 5% 6% Latest Interest Rate Cycle 44% 49% 54% 51% 44% 49% 49% 19% 18% 17% 17% 13% 11% 12% 19% 20%
Slide 18: Regulatory Consolidated Capital Ratios
Regulatory Consolidated Capital Ratios Note: Consolidated (GAAP) financial data as of September 30, 2025 18 9.3% 9.2% 9.0% 8.5% 8.0% 8.9% 10.2% 11.0% 12.2% 12.3% 11.1% 12.1% 10.4% 11.3% 15.1% 13.6% 12.1% 14.2% 12.3% 14.4% 0.0% 2.0% 4.0% 6.0% 8.0% 10.0% 12.0% 14.0% 16.0% 18.0% 2020 2021 2022 2023 202
Slide 19: Non-Interest Income & Expense
Non-Interest Income & Expense Note: Consolidated (GAAP) financial data as of September 30, 2025; operating revenue defined as net interest income plus noninterest income (1) Non-interest income excludes Realized Gain on Securities and Nonrecurring Revenue // (2) 2025Q3 YTD for the annualized nine mo
Slide 20: Net Interest Income & Net Interest Margin
Net Interest Income & Net Interest Margin Note: Consolidated (GAAP) financial data as of September 30, 2025; Annualized NII as of September 30, 2025; Cost of funds includes non-interest bearing deposits (1) Net interest margin is a non-GAAP financial measure; please see page 25 for a reconciliation
Slide 21: Financial Highlights
Strong balance sheet growth paired with efficient earnings and high-quality assets. Financial Highlights Note: Consolidated (GAAP) financial data as of September 30, 2025; operating revenue defined as net interest income plus noninterest income (1) Tangible equity, TCE / TA, net interest margin (FTE
Slide 22: Historical Consolidated Balance Sheet
Historical Consolidated Balance Sheet Note: Consolidated (GAAP) financial data as of September 30, 2025 22 Year-Ended December 31, Quarter-Ended ($ in thousands) 2019 2020 2021 2022 2023 2024 At Sept. 30, 2025 Assets Cash and Cash Equivalents $31,153 $228,192 $279,933 $37,868 $187,365 $135,851 $179,
Slide 23: Historical Consolidated Income Statement
Historical Consolidated Income Statement Note: Consolidated (GAAP) financial data as of September 30, 2025 (1) For the three months ended September 30, 2025 // (2) Includes Realized Gain on Securities and Nonrecurring Revenue 23 Year-Ended December 31, Quarter-Ended(1) ($ in thousands) 2019 2020 202
Slide 24: Non-GAAP Financial Measures: TCE / TA, TBVPS & ROATCE
Non-GAAP Financial Measures Note: Consolidated (GAAP) financial data as of September 30, 2025 24 ($ in thousands) Reconciliation | TCE / TA, TBVPS, & ROATCE 2021Y 2022Y 2023Y 2024Y 2024Q3 2024Q4 2025Q1 2025Q2 2025Q3 Total Equity $340,126 $315,350 $340,422 $468,950 $475,051 $468,950 $481,854 $494,096
Slide 25: Non-GAAP Financial Measures: NIM & Efficiency Ratio
Non-GAAP Financial Measures Note: Consolidated (GAAP) financial data as of September 30, 2025 25 ($ in thousands) Reconciliation | NIM & Efficiency Ratio 2021Y 2022Y 2023Y 2024Y 2024Q3 2024Q4 2025Q1 2025Q2 2025Q3 2025Q3 YTD Interest income (GAAP) $94,057 $111,334 $149,851 $211,460 $68,284 $65,803 $6
Slide 26: Provide BETTER BANKING to strengthen the communities where we live, work, and play
Provide BETTER BANKING to strengthen the communities where we live, work, and play. NASDAQ: PFIS
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