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PEOPLES FINANCIAL SERVICES CORP. Reports Unaudited First Quarter 2026 Earnings
Peoples Financial Services Corp. ("Peoples" or the "Company") (NASDAQ: PFIS), the bank holding company for Peoples Security Bank and Trust Company (the "Bank"), today reported unaudited financial results at and for the three months ended March 31, 2026.
About this update from Peoples Financial Services Corp.
[{"type":"text","content":"MOOSIC, Pa., April 30, 2026 /PRNewswire/ -- Peoples Financial Services Corp. ("Peoples" or the "Company") (NASDAQ: PFIS), the bank holding company for Peoples Security Bank and Trust Company (the "Bank"), today reported unaudited financial results at and for the three months ended March 31, 2026.","length":327,"tagName":"p"},{"type":"image","alt":"Peoples Financial Services Corp. Logo. (PRNewsFoto/Peoples Financial Services Corp.) (PRNewsFoto/PEOPLES FINANCIAL SERVICES CORP_)","displaySize":"","headline":null,"caption":"Peoples Financial Services Corp. Logo. (PRNewsFoto/Peoples Financial Services Corp.) (PRNewsFoto/PEOPLES FINANCIAL SERVICES CORP_)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":86,"url":"https://media.zenfs.com/en/prnewswire.com/2a7908b64ffb59d4553143eb75c461aa"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/TyWNxtcqVF0NLgoeFfiU2g--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTE1Mg--/https://media.zenfs.com/en/prnewswire.com/2a7908b64ffb59d4553143eb75c461aa","width":400,"height":86}},"href":"https://mma.prnewswire.com/media/327528/peoples_financial_services_corp__logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"Peoples reported net income of $14.7 million, or $1.47 per diluted share for the three months ended March 31, 2026, compared to net income of $15.0 million, or $1.49 per diluted share for the three months ended March 31, 2025. Return on average assets ("ROAA") and return on average equity ("ROAE") on an annualized basis for the three months ended March 31, 2026, was 1.15% and 11.26% compared to 1.22% and 12.70% for the three months ended March 31, 2025. The $0.3 million reduction in net income comparing the three months ended March 31, 2026 and 2025 was primarily due to an increase in the provision for credit losses due to strong loan growth, coupled with an increase in non-interest expense, which were partially offset by increases in net interest income and non-interest income.","length":809,"tagName":"p"},{"type":"text","content":""We delivered a stable first quarter despite a more challenging operating environment," stated Gerard Champi, President and Chief Executive Officer of Peoples. The slight reduction in net income reflects our continued commitment to responsible credit managemen...
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