Quarterly ResultJul 22, 2026, 05:21 PM
Peoples Financial Q2 Net Income $897K, EPS $0.19; Down YoY
AI Summary
Peoples Financial Corporation reported a decrease in net income for the second quarter of 2026, falling to $897,000 from $1,242,000 in the prior year, with EPS declining to $0.19. This was primarily driven by a decrease in net interest income due to lower interest income on securities and higher interest rates on borrowings. For the first six months of 2026, net income also decreased to $2,343,000. Despite the earnings decline, total shareholders' equity increased to $101.7 million, and total deposits grew to $609.8 million, while unrealized losses on securities also rose.
Key Highlights
- Net income for Q2 2026 decreased to $897,000 from $1,242,000 in Q2 2025.
- Earnings per share for Q2 2026 were $0.19, down from $0.27 in Q2 2025.
- Net interest income decreased by $553,000 to $4,919,000 in Q2 2026.
- Net income for the first six months of 2026 decreased to $2,343,000 from $2,552,000 in 2025.
- Total shareholders' equity increased by $1,043,000 to $101,710,000 at June 30, 2026.
- Unrealized losses on securities increased by $469,000 to $29,398,000 at June 30, 2026.
- Total deposits increased by $5,348,000 to $609,777,000 at June 30, 2026.
- The Bank's leverage ratio was 15.22% as of June 30, 2026.
Price Impact
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