P
PEOPLES FINANCIAL SERVICES CORP.
Period
FY 2025
Revenue
—
Net Income
$59.19M
Total Assets
$5.27B
Equity
$519.85M
Shares Out
10.01M
Op. Cash Flow
$54.27M
Business
Peoples Financial Services Corp. is a bank holding company providing commercial and retail lending, deposit products, and ancillary services through wholly-owned subsidiaries Peoples Security Bank and Trust Company and 1st Equipment Finance, Inc. The company offers commercial real estate loans, business loans, equipment financing, residential mortgages, consumer loans, certificates of deposit, money market accounts, and trust and wealth management services. It operates 40 community banking offices in Northeastern Pennsylvania, the Greater Lehigh Valley, Philadelphia, south-central Pennsylvania, and New Jersey.
Summary from 10-K filed 2026-03-16
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Taxable | 229 | 185 | 129 | 96 | 82 | |
| Tax-exempt | 8 | 7 | 6 | 5 | 4 | |
| Taxable | 17 | 13 | 8 | 8 | 5 | |
| Tax-exempt | 2 | 2 | 2 | 2 | 2 | |
| Dividends | 160,000 | 89,000 | 4,000 | 2,000 | 74,000 | |
| Interest on interest-bearing deposits in other banks | 405,000 | 498,000 | 335,000 | 101,000 | 8,000 | |
| Interest on federal funds sold | 2 | 4 | 5 | 342,000 | 330,000 | |
| Total interest income | 260 | 211 | 150 | 111 | 94 | |
| Interest on deposits | 81 | 88 | 59 | 13 | 7 | |
| Interest on short-term borrowings | 1 | 2 | 2 | 1 | 78,000 | |
| Interest on long-term debt | 6 | 3 | 842,000 | 76,000 | 260,000 | |
| Interest on subordinated debt | 5 | 2 | 2 | 2 | 2 | |
| Interest on junior subordinated debt | 745,000 | 415,000 | — | — | — | |
| Total interest expense | 94 | 95 | 63 | 16 | — | |
| Net interest income | 166 | 116 | 87 | 96 | 85 | |
| Provision for credit losses | 98,000 | 19 | 566,000 | −449,000 | 2 | |
| Net interest income after provision for credit losses | 166 | 97 | 86 | 96 | 83 | |
| Mortgage banking income | 549,000 | 389,000 | 390,000 | 511,000 | 975,000 | |
| Increase in cash surrender value of life insurance | 2 | 2 | 1 | 1 | 889,000 | |
| Interest rate swap gain | 1 | 285,000 | 390,000 | 622,000 | 759,000 | |
| Net gains (losses) on equity investment securities | 168,000 | 132,000 | −11,000 | −31,000 | 2,000 | |
| Net (losses) gains on sale of investment securities available for sale | −2 | 1,000 | 81,000 | −2 | — | |
| Net losses on sale of fixed assets | −74,000 | −165,000 | −3,000 | — | — | |
| Total noninterest income | 22 | 18 | 14 | 12 | 26 | |
| Salaries and employee benefits expense | 56 | 46 | 35 | 34 | 30 | |
| Net occupancy and equipment expense | 27 | 22 | 17 | 17 | 13 | |
| Acquisition related expenses | 200,000 | 16 | 2 | — | — | |
| Amortization of intangible assets | 6 | 3 | 105,000 | 363,000 | 491,000 | |
| Professional fees and outside services | 5 | 3 | 3 | 3 | 2 | |
| FDIC insurance and assessments | 3 | 3 | 2 | 1 | 1 | |
| Donations | 2 | 2 | 2 | 1 | 1 | |
| Other expenses | 14 | 11 | 7 | 7 | 7 | |
| Total noninterest expense | 115 | 107 | 68 | 63 | 55 | |
| Income before income taxes | 72 | 8 | 33 | 45 | 54 | |
| Income tax expense (benefit) | 13 | −30,000 | 5 | 7 | 10 | |
| Net income | 59 | 8 | 27 | 38 | 44 | |
| Unrealized gain on investment securities available for sale | 18 | 3 | 15 | −66 | −11 | |
| Reclassification adjustment for losses (gains) on available for sale securities included in net income | 2 | −1,000 | −81,000 | 2 | — | |
| Change in benefit plan liabilities | 674,000 | 2 | 1 | 370,000 | 2 | |
| Change in derivative fair value | −64,000 | 632,000 | −824,000 | −728,000 | −322,000 | |
| Other comprehensive income | 20 | 5 | 15 | −65 | −10 | |
| Income tax expense related to other comprehensive income | 4 | 1 | 3 | −14 | −2 | |
| Other comprehensive income, net of income tax expense | 16 | 4 | 12 | −51 | −8 | |
| Comprehensive income | 75 | 12 | 39 | −13 | 36 | |
| Basic (per share) | 5.92 | 1 | 3.85 | 5.31 | 6.05 | |
| Diluted (per share) | 5.88 | 0.99 | 3.83 | 5.28 | 6.02 | |
| Basic (shares) | 10 | 9 | 7 | 7 | 7 | |
| Diluted (shares) | 10 | 9 | 7 | 7 | 7 | |
| Dividends declared | 2.47 | 2.06 | 1.64 | 1.58 | 1.5 |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and due from banks | 58 | 47 | 34 | 38 | 30 | |
| Interest-bearing deposits in other banks | 9 | 9 | 9 | 193,000 | 7 | |
| Federal funds sold | 201 | 80 | 145 | — | 242 | |
| Total cash and cash equivalents | 269 | 136 | 187 | 38 | 280 | |
| Available for sale: Amortized cost of $541,707 and $575,288, respectively, net of allowance for credit losses of $0 at December 31, 2025, and December 31, 2024 | 513 | 526 | 399 | 478 | — | |
| Held to maturity: Fair value of $62,798 and $65,152, respectively, net of allowance for credit losses of $0 at December 31, 2025, and December 31, 2024 | 72 | 78 | 85 | 91 | — | |
| Equity investments carried at fair value | 3 | 2 | 98,000 | 110,000 | 140,000 | |
| Total investment securities | 587 | 607 | 484 | 569 | 589 | |
| Loans | 4,067 | 3,994 | 2,850 | 2,730 | — | |
| Less: allowance for credit losses | 39 | 42 | 22 | 27 | 28 | |
| Net loans | 4,028 | 3,952 | 2,828 | — | — | |
| Loans held for sale | 805,000 | — | 250,000 | — | — | |
| Goodwill | 76 | 76 | 63 | 63 | 63 | |
| Premises and equipment, net | 78 | 73 | 61 | 56 | 52 | |
| Bank owned life insurance | 89 | 87 | 49 | 48 | 43 | |
| Deferred tax assets | 27 | 36 | 14 | 19 | 5 | |
| Accrued interest receivable | 18 | 16 | 13 | 12 | 9 | |
| Intangible assets, net | 28 | 34 | — | 105,000 | — | |
| Other assets | 71 | 75 | 42 | 46 | 28 | |
| Total assets | 5,271 | 5,092 | 3,742 | 3,554 | 3,369 | |
| Noninterest-bearing | 954 | 936 | 645 | 773 | 738 | |
| Interest-bearing | 3,480 | 3,472 | 2,634 | 2,274 | 2,226 | |
| Total deposits | 4,434 | 4,408 | 3,279 | 3,047 | 2,963 | |
| Short-term borrowings | 33 | 16 | 18 | 115 | — | |
| Long-term debt | 134 | 99 | 25 | 555,000 | 3 | |
| Subordinated debt | 83 | 33 | 33 | 33 | 33 | |
| Junior subordinated debt | 8 | 8 | — | — | — | |
| Accrued interest payable | 7 | 6 | 6 | 903,000 | 408,000 | |
| Other liabilities | 51 | 54 | 41 | 42 | 30 | |
| Total liabilities | 4,751 | 4,623 | 3,402 | 3,238 | 3,029 | |
| Common stock, par value $2.00, authorized 25,000,000 shares, issued and outstanding 9,994,595, shares at December 31, 2025, and 9,990,724 shares at December 31, 2024 | 20 | 20 | 14 | 14 | 14 | |
| Capital surplus | 251 | 251 | 122 | 127 | 128 | |
| Retained earnings | 274 | 239 | 249 | 231 | 204 | |
| Accumulated other comprehensive loss | −25 | −41 | −44 | −56 | −6 | |
| Total stockholders' equity | 520 | 469 | 340 | 315 | 340 | |
| Total liabilities and stockholders' equity | 5,271 | 5,092 | 3,742 | 3,554 | 3,369 |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Net income | 59 | 8 | 27 | 38 | 44 | |
| Depreciation of premises and equipment | 3 | 3 | 3 | 3 | 3 | |
| Amortization of right-of-use lease asset | 807,000 | 470,000 | 598,000 | 583,000 | 449,000 | |
| Amortization of net deferred loan (fees) costs | −62,000 | −1 | 694,000 | 1 | −491,000 | |
| Amortization of debt issuance costs | 237,000 | — | — | — | — | |
| Amortization of CDI and other intangibles | 6 | 3 | 105,000 | 363,000 | — | |
| Amortization expense related to acquired borrowings | 468,000 | 387,000 | — | — | — | |
| Accretion income related to acquired loans | −16 | −9 | — | — | — | |
| Amortization expense related to acquired deposits | 698,000 | 1 | — | — | — | |
| Amortization of low income housing partnerships | 2 | 472,000 | 431,000 | 454,000 | 427,000 | |
| Net unrealized (gain) loss on equity investments | −168,000 | −132,000 | 11,000 | 31,000 | −2,000 | |
| Net loss (gain) on sale of other real estate owned | 5,000 | — | −18,000 | −478,000 | −126,000 | |
| Valuation allowance on other real estate | 212,000 | 818,000 | — | — | — | |
| Loans originated for sale | −10 | −3 | −4 | −12 | — | |
| Proceeds from sale of loans originated for sale | 9 | 3 | 4 | 13 | 25 | |
| Net (gain) loss on sale of loans originated for sale | −56,000 | 3,000 | 12,000 | −47,000 | −331,000 | |
| Net (accretion) amortization of investment securities | −3 | −811,000 | 1 | 1 | 1 | |
| Net loss (gain) on sale of investment securities available for sale | 2 | −1,000 | −81,000 | 2 | — | |
| Gain from bank owned life insurance settlement | −118,000 | −172,000 | — | — | — | |
| Deferred income tax expense (benefit) | 5 | −4 | 1 | 611,000 | 450,000 | |
| Stock compensation, including tax effects and expenses | 348,000 | 786,000 | 888,000 | 534,000 | 546,000 | |
| Accrued interest receivable | −2 | 5 | −1 | −3 | −273,000 | |
| Other assets | 6 | 8 | −2 | −2 | 1 | |
| Accrued interest payable | 1 | −2 | 5 | 495,000 | −328,000 | |
| Other liabilities | −8 | 2 | −3 | −48,000 | 2 | |
| Net cash provided by operating activities | 54 | 35 | 33 | 42 | 41 | |
| Proceeds from sales of investment securities available for sale | 76 | 241 | 67 | 44 | — | |
| Proceeds from sales of equity investments | — | 2 | — | — | — | |
| Available for sale | 127 | 58 | 25 | 41 | 58 | |
| Held to maturity | 6 | 7 | 6 | 6 | 3 | |
| Available for sale | −168 | −5 | — | −113 | −292 | |
| Net (purchase) redemption of restricted equity securities | −2 | −5 | 4 | −6 | 1 | |
| Purchase of equity securities without readily determinable fair value | −328,000 | −802,000 | — | — | — | |
| Calls and maturities of equity securities without readily determinable fair value | 500,000 | — | — | — | — | |
| Net cash received in merger with FNCB Bancorp, Inc. | — | 28 | — | — | — | |
| Net (increase) decrease in loans | −61 | 62 | −123 | −403 | −152 | |
| Purchases of premises and equipment | −11 | −3 | −6 | −8 | −5 | |
| Proceeds from the sale of premises and equipment | 7 | 2 | 14,000 | 170,000 | 58,000 | |
| Proceeds from bank owned life insurance | 968,000 | 596,000 | — | 1 | 451,000 | |
| Proceeds from sale of other real estate owned | 22,000 | — | 139,000 | 966,000 | 925,000 | |
| Net cash (used in) provided by investing activities | −24 | 386 | −26 | −468 | −440 | |
| Net increase (decrease) in deposits | 26 | −300 | 232 | 83 | 526 | |
| Proceeds from long-term debt | 76 | — | 25 | — | — | |
| Repayment of long-term borrowings | −41 | −23 | −555,000 | −2 | −12 | |
| Net increase (decrease) in proceeds from short-term borrowings | 17 | −131 | −97 | 115 | −50 | |
| Proceeds from the issuance of subordinated debt, net of issuance costs | 83 | — | — | — | — | |
| Repayment of subordinated debt | −33 | — | — | — | — | |
| Retirement of common stock | — | — | −6 | −1 | −2 | |
| Cash dividends paid | −25 | −18 | −12 | −11 | −11 | |
| Net cash provided by (used in) financing activities | 103 | −473 | 142 | 183 | 451 | |
| Net increase (decrease) in cash and cash equivalents | 133 | −52 | 149 | −242 | 52 | |
| Interest | 92 | 96 | 58 | 15 | 10 | |
| Income taxes | 8 | 2 | 3 | 10 | 7 | |
| Cumulative effect of adoption of ASC 326 on retained earnings, net of tax | — | — | 2 | — | — | |
| Transfers of fixed assets to other real estate | 433,000 | 2 | — | — | 544,000 | |
| Transfers of loans to other real estate | 750,000 | 27,000 | — | — | — | |
| Origination of mortgage servicing rights | 101,000 | 609,000 | — | — | — |
Filings
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Holdings (13F)
Portfolio as of 2026-03-31 · 409 positions
Reported AUM
$210.95M
Holdings
409
Top sector
$210.95M
Top sectors
| Sector | Value | % of portfolio |
|---|---|---|
| Uncategorized | $210.95M | 100.0% |
Top holdings
| Issuer | Ticker | Shares | Value | % |
|---|---|---|---|---|
| APPLE COMPUTER INC COM | — | 36.2K | $9.18M | 4.3% |
| BROADCOM INC NPV | — | 23.4K | $7.23M | 3.4% |
| LILLY ELI & CO COM | — | 6.7K | $6.18M | 2.9% |
| MICROSOFT CORP | — | 14.6K | $5.41M | 2.6% |
| MCDONALDS CORP COM | — | 15.3K | $4.76M | 2.3% |
| LILLY ELI & CO COM | — | 4.7K | $4.35M | 2.1% |
| PEOPLES FINL SVCS CORP | — | 75.2K | $4.01M | 1.9% |
| AMAZON COM INC COM | — | 18.2K | $3.79M | 1.8% |
| JOHNSON & JOHNSON COM | — | 15.2K | $3.72M | 1.8% |
| ALPHABET INC CAP STK CL C | — | 12.6K | $3.63M | 1.7% |
Frequently asked questions
What is PEOPLES FINANCIAL SERVICES CORP.'s CIK number?
PEOPLES FINANCIAL SERVICES CORP.'s SEC CIK number is 0001056943 (1056943). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find PEOPLES FINANCIAL SERVICES CORP.'s SEC filings?
All of PEOPLES FINANCIAL SERVICES CORP.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did PEOPLES FINANCIAL SERVICES CORP. last report earnings?
PEOPLES FINANCIAL SERVICES CORP. (PFIS) most recently filed an earnings 8-K with the SEC on Apr 30, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001104659-26-052951). This is PEOPLES FINANCIAL SERVICES CORP.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is PEOPLES FINANCIAL SERVICES CORP.'s most recent earnings 8-K?
PEOPLES FINANCIAL SERVICES CORP.'s latest earnings 8-K (Item 2.02) was filed Apr 30, 2026 under accession 0001104659-26-052951. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View PEOPLES FINANCIAL SERVICES CORP.'s latest earnings 8-K →
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