Peoples Financial Services Corp. · NASDAQ:PFIS
Peoples Financial Services — Q1 2026 Earnings Presentation
26 slides from Peoples Financial Services's earnings presentation, May 2026
Slide 1: 2026 Q1 Investor Presentation
2026 Q1 Investor Presentation May 2026
Slide 2: Disclaimer
Disclaimer 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 and owner of Peoples Security Bank and Trust Company (the “Bank”), a Pennsylvania state-chartered
Slide 3: Q1 2026 Results
Q1 2026 Results • Net income of $14.7 million, or $1.47 per diluted share for the three months ended March 31, 2026 OPERATING • ROAA of 1.15%, ROATCE (1) of 14.0%, net interest margin (FTE) (1) of 3.67%, and efficiency ratio (1) of 57.1% • The Company completed its merger with FNCB on July 1, 2024,
Slide 4: Peoples Financial Services Corp. (NASDAQ: PFIS)
Peoples Financial Services Corp. (NASDAQ: PFIS) ($ in billions, expect per share data) BALANCE SHEET 2022 2023 2024 2025 2025 Q1 2025 Q4 2026 Q1 Assets $3.55 $3.74 $5.09 $5.27 $5.00 $5.27 $5.42 Net Loans $2.70 $2.83 $3.95 $4.03 $3.95 $4.03 $4.15 Deposits $3.05 $3.28 $4.41 $4.43 $4.32 $4.43 $4.43 NPA
Slide 5: Branch Footprint and Deposit Market Share
Branch Footprint and Deposit Market Share Branch Footprint #2 in Scranton MSA Deposit Market Share and #7 Largest Pennsylvania Community Bank(1) ScrantonꟷWilkes-Barre, PA MSA Deposit Market Share # Company Deposits ($B) Market Share (%) 1 The PNC Finl Svcs Grp $3.46 21.1 2 Peoples Financial Services
Slide 6: Principal Markets Overview
Principal Markets Overview Scranton/Wilkes Barre, PA (MSA): Susquehanna, PA (County): • Population of ~575k people; the Scranton—Wilkes-Barre, PA MSA includes 23 • Population of ~38k people; Susquehanna County includes 4 PFIS branches PFIS branches • ~54% market share; accounts for ~18.4% of PFIS’s
Slide 7: Experienced Management Team
Experienced Management Team Gerard A. Champi, was appointed Chief Executive Officer of the Company and the Bank effective January 1, 2025, age 65. Mr. Champi had been Gerard A. Champi with FNCB Bank since 1991 and served in various leadership roles in the Retail, Commercial Sales, and Executive Divi
Slide 8: Experienced Management Team
Experienced Management Team Mary Griffin Cummings, Esquire, was appointed to Executive Vice President and General Counsel of the Company and the Bank effective July 1, Mary G. Cummings, Esq 2024, age 63. From April 2018 until the FNCB merger, Ms. Cummings served as EVP and General Counsel of FNCB Ba
Slide 9: Strong Balance Sheet Growth
Strong Balance Sheet Growth ($ in millions) Total Assets Total Net Loans $6,000 $6,000 $5,092 $5,271 $5,423 $5,000 $5,000 $4,029 $4,152 $4,000 $3,952 $3,742 $4,000 $3,554 $2,828 $3,000 $3,000 $2,703 $2,000 $2,000 $1,000 $1,000 – – 2022 2023 2024 2025 2026Q1 2022 2023 2024 2025 2026Q1 Total Deposits
Slide 10: Loan Portfolio Growth & Diversification
Loan Portfolio Growth & Diversification ($ in millions) 3/31/25 Loan Composition & Concentration (1) Total Net Loans 7.1% 0.3% $5,000 21.4% Non Owner Occ. CRE 9.8% 1-4 Family Commercial & Industrial $4,152 Owner Occ. CRE $3,952 $4,029 10.3% Multifam $3,750 Other Constr & Land Dev 20.5% Farm 13.9% $2
Slide 11: Historical Bank Loan Composition & Yields
Historical Bank Loan Composition & Yields Peoples Security Bank and Trust Company Loan Composition Since 2022 ($ in thousands) 2022 2023 2024 2025 2026Q1 Gross Loan Composition Balance % of Total Balance % of Total Balance % of Total Balance % of Total Balance % of Total Construction $272,103 10.0%
Slide 12: CRE Portfolio Detailed Breakdown by Asset Type
CRE Portfolio Detailed Breakdown by Asset Type Non-Owner Occupied CRE Portfolio Composition at March 31, 2026 ($ in thousands) Non-Owner Occupied Loan Category Number of Loans Average Loan Size Loan Balance Weighted Average Interest Rate Land – Unimproved 103 $ 247 $ 25,440 6.41% Land Acquisition &
Slide 13: CRE Portfolio Detailed Breakdown by Asset Type
CRE Portfolio Detailed Breakdown by Asset Type Owner Occupied CRE Portfolio Composition at March 31, 2026 ($ in thousands) Owner Occupied Loan Category Number of Loans Average Loan Size Loan Balance Weighted Average Interest Rate Land Acquisition & Development - Commercial 3 $ 942 $ 2,826 7.03% Reta
Slide 14: Commercial Real Estate Portfolio Details
Commercial Real Estate Portfolio Details CRE Maturity Schedule CRE Repricing Schedule ($ in millions) ($ in millions) $300 12.50% $1,000 45.00% 11.07% 40.57% $895 $250 10.00% $800 36.00% $244 8.64% 8.27% $200 7.71% 7.08% $191 7.50% $600 27.00% $182 $170 $150 $156 5.00% $400 18.00% 14.78% $100 $326 1
Slide 15: Investment Portfolio Composition & Performance
Investment Portfolio Composition & Performance Asset Class Breakdown(1) Commentary 3.4% • As of March 31, 2026, the Bank has ~$539.8 million of debt 1.2% 0.3% securities (2) 3.4% 4.1% • This represents 10.0% of total assets 4.1% • The securities portfolio primarily consists of U.S. government agency
Slide 16: Asset Quality Summary
Asset Quality Summary Summary Metrics • Nonperforming loans to totals loans: Q1 2026 Q4 2025 • 0.28% at March 31, 2026 as compared to 0.28% at December 31, 2025 ($ in thousands) Total nonperforming loans $11,597 $11,320 • Allowance for credit losses on loans to nonperforming loans: Nonperforming loa
Slide 17: Deposit Composition and Total Cost of Deposits
Deposit Composition and Total Cost of Deposits 100% 10% 18% 16% 14% 19% 80% 22% 24% 21% 22% 24% 60% Time Deposits 17% 11% 11% 12% 13% Money Market 40% Savings 51% 44% 49% 51% 50% Demand Deposits 20% 0% 2022 2023 2024 2025 2026Q1 Cost of Total Deposits vs. Fed Funds Target Rate 6% 5% 4% 3% 2% 1% Late
Slide 18: Regulatory Capital Ratios
Regulatory Capital Ratios 18.0% 16.0% 14.2% 14.3% 14.2% 14.0% 12.1% 12.1% 12.3% 12.0% 11.1% 11.0%11.3% 11.0%11.2% 10.4% 10.2% 10.0% 9.0% 9.0% 8.5% 8.8% 8.0% 8.0% 6.0% 4.0% 2.0% 0.0% 2022 2023 2024 2025 2026Q1 Leverage Ratio CET1 Ratio Tier 1 Ratio Total RBC Ratio Note: Consolidated (GAAP) financial
Slide 19: Non-Interest Income & Expense
Non-Interest Income & Expense Highlights Non-Interest Income/Operating Revenue (%) (2) $1.1 billion in AUM under Trust and Wealth Advisors (1) 57.1% Net-Operating Expense (%) (3) Efficiency ratio for Q1 ‘26 $111 million Deposits per branch Note: Consolidated (GAAP) financial data as of March 31, 202
Slide 20: Net Interest Income & Net Interest Margin
Net Interest Income & Net Interest Margin Net Interest Income (NII) and Net Interest Margin (NIM) FTE (1) Key Components of NII and NIM 5.99% $180,000 $173,850 6.00% 6.00% 5.80% $165,962 5.62% $150,000 5.00% 5.00% 4.81% 4.04% $120,000 $115,989 4.00% 4.00% 3.80% 3.67% 3.58% $95,749 3.15% Loan Yield $
Slide 21: Financial Highlights
Financial Highlights 12/31/2022 For the Years Ended: For the Quarters Ended: 3/31/2026 12/31/2022 12/31/2023 12/31/2024 12/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 CAGR Balance Sheet Total Assets ($000) 3,553,515 3,742,289 5,091,657 5,270,578 5,107,879 5,159,636 5,270,578 5,423,330 13.9% Tot
Slide 22: Historical Consolidated Balance Sheet
Historical Consolidated Balance Sheet Year-Ended December 31, Quarter-Ended ($ in thousands) 2022 2023 2024 2025 At March 31, 2026 Assets Cash and Cash Equivalents $37,868 $187,365 $135,851 $268,984 $328,612 Available for Sale Securities 477,703 398,927 526,329 512,563 469,261 Held to Maturity Secur
Slide 23: Historical Consolidated Income Statement
Historical Consolidated Income Statement (1) Quarter-Ended ($ in thousands) 2022 2023 2024 2025 2026Q1 Interest Income $111,334 $149,851 $211,460 $259,697 $64,704 Interest Expense 15,585 63,097 95,471 93,735 21,837 Net Interest Income $95,749 $86,754 $115,989 $165,962 $42,867 Provision for Credit Lo
Slide 24: Non-GAAP Financial Measures
Non-GAAP Financial Measures ($ in thousands) Reconciliation | TCE / TA, TBVPS, & ROATCE 2022Y 2023Y 2024Y 2025Y 2025Q2 2025Q3 2025Q4 2026Q1 Total Equity $315,350 $340,422 $468,950 $519,847 $494,096 $509,260 $519,847 $525,505 Less: Goodwill 63,370 63,370 75,986 75,986 75,986 75,986 75,986 75,986 Less
Slide 25: Non-GAAP Financial Measures
Non-GAAP Financial Measures ($ in thousands) Reconciliation | NIM & Efficiency Ratio 2022Y 2023Y 2024Y 2025Y 2025Q2 2025Q3 2025Q4 2026Q1 Interest income (GAAP) $111,334 $149,851 $211,460 $259,697 $65,335 $65,164 $66,772 $64,704 Plus: Adjustment to FTE 1,901 1,917 2,367 2,763 718 714 629 851 Interest
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.
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