Quarterly ResultMay 12, 2026, 11:22 AM
Peoples Financial Q1 Net Income $1.45M, EPS $0.31
AI Summary
Peoples Financial Corporation reported a positive first quarter for 2026, with net income increasing by 10.38% to $1.45 million and basic and diluted earnings per share rising to $0.31. The company also saw significant growth in its balance sheet, with total assets reaching $788.26 million and total deposits increasing to $666.19 million. Net interest income also experienced a modest increase, reflecting overall solid financial performance.
Key Highlights
- Net income increased 10.38% to $1.45 million for the three months ended March 31, 2026, from $1.31 million in the prior year period.
- Basic and diluted earnings per share rose 10.71% to $0.31 for the three months ended March 31, 2026, from $0.28.
- Total assets grew to $788.26 million at March 31, 2026, up from $727.12 million at December 31, 2025.
- Total deposits increased to $666.19 million at March 31, 2026, compared to $604.43 million at December 31, 2025.
- Net interest income rose 1.75% to $5.77 million for the three months ended March 31, 2026, from $5.67 million.
- Loans, net, increased to $265.71 million at March 31, 2026, from $260.77 million at December 31, 2025.
- Cash and due from banks significantly increased to $57.39 million at March 31, 2026, from $19.58 million.
Price Impact
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