Peoples Financial Corp Q2 Net Income Down 27.8% to $897K; EPS $0.19

Peoples Financial Corp reported a significant decrease in net income for the second quarter of 2026, falling 27.8% to $897,000 from $1,242,000 in the prior year, with EPS dropping to $0.19. This decline was primarily attributed to a $553,000 decrease in net interest income, driven by lower interest income on securities and higher interest expense on borrowings. For the first six months of 2026, net income also decreased to $2,343,000. Despite the earnings decline, shareholders' equity increased to $101.71 million, and total deposits grew to $609.78 million. The company noted an increase in unrealized losses on securities due to higher interest rates but affirmed strong liquidity and a robust leverage ratio of 15.22%.