Annual Income Statements for Peoples Financial Services
This table shows Peoples Financial Services' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.
Quarterly Income Statements for Peoples Financial Services
This table shows Peoples Financial Services' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Net Income / (Loss) Attributable to Common Shareholders |
|
9.97 |
9.14 |
7.58 |
9.43 |
6.75 |
3.63 |
3.47 |
3.28 |
-4.34 |
6.09 |
Consolidated Net Income / (Loss) |
|
9.97 |
9.14 |
7.58 |
9.43 |
6.75 |
3.63 |
3.47 |
3.28 |
-4.34 |
6.09 |
Net Income / (Loss) Continuing Operations |
|
9.97 |
9.14 |
7.58 |
9.43 |
6.75 |
3.63 |
3.47 |
3.28 |
-4.34 |
6.09 |
Total Pre-Tax Income |
|
12 |
11 |
8.97 |
11 |
8.08 |
4.22 |
3.94 |
3.70 |
-4.99 |
5.82 |
Total Revenue |
|
28 |
26 |
27 |
26 |
25 |
24 |
23 |
22 |
45 |
44 |
Net Interest Income / (Expense) |
|
25 |
24 |
23 |
22 |
21 |
20 |
19 |
19 |
39 |
39 |
Total Interest Income |
|
29 |
32 |
34 |
37 |
39 |
40 |
39 |
38 |
68 |
66 |
Loans and Leases Interest Income |
|
26 |
29 |
31 |
34 |
35 |
35 |
35 |
36 |
62 |
59 |
Investment Securities Interest Income |
|
2.62 |
2.58 |
2.58 |
2.31 |
2.30 |
2.31 |
2.29 |
2.28 |
5.21 |
4.80 |
Deposits and Money Market Investments Interest Income |
|
0.04 |
0.04 |
0.01 |
0.09 |
0.09 |
0.15 |
0.12 |
0.12 |
0.15 |
0.11 |
Federal Funds Sold and Securities Borrowed Interest Income |
|
0.11 |
0.14 |
0.24 |
0.80 |
1.87 |
2.46 |
1.13 |
0.18 |
1.22 |
1.61 |
Total Interest Expense |
|
4.23 |
7.23 |
11 |
15 |
17 |
20 |
20 |
19 |
29 |
27 |
Deposits Interest Expense |
|
3.32 |
6.25 |
9.68 |
14 |
16 |
19 |
19 |
18 |
26 |
25 |
Short-Term Borrowings Interest Expense |
|
0.46 |
0.52 |
1.09 |
0.21 |
0.29 |
0.33 |
0.26 |
0.63 |
0.55 |
0.59 |
Long-Term Debt Interest Expense |
|
0.46 |
0.45 |
0.47 |
0.71 |
0.72 |
0.72 |
0.71 |
0.71 |
2.09 |
1.99 |
Total Non-Interest Income |
|
3.32 |
1.23 |
3.67 |
3.55 |
3.69 |
3.22 |
3.40 |
3.54 |
5.72 |
5.67 |
Other Service Charges |
|
2.94 |
3.04 |
0.10 |
3.26 |
3.16 |
6.09 |
0.09 |
0.09 |
5.05 |
11 |
Net Realized & Unrealized Capital Gains on Investments |
|
0.11 |
-2.11 |
0.28 |
0.04 |
0.27 |
-0.12 |
-0.03 |
0.09 |
0.12 |
0.24 |
Other Non-Interest Income |
|
0.27 |
0.29 |
3.30 |
0.26 |
0.27 |
-2.76 |
3.34 |
3.36 |
0.55 |
-5.69 |
Provision for Credit Losses |
|
0.45 |
-2.15 |
1.26 |
-2.20 |
-0.17 |
1.67 |
0.71 |
0.60 |
14 |
3.37 |
Total Non-Interest Expense |
|
16 |
17 |
16 |
17 |
17 |
18 |
18 |
18 |
36 |
35 |
Salaries and Employee Benefits |
|
8.47 |
9.19 |
9.08 |
8.48 |
8.78 |
8.94 |
8.84 |
8.45 |
13 |
15 |
Net Occupancy & Equipment Expense |
|
4.03 |
4.65 |
4.10 |
4.28 |
4.30 |
4.47 |
4.73 |
4.58 |
6.44 |
6.56 |
Property & Liability Insurance Claims |
|
0.32 |
0.33 |
0.50 |
0.56 |
0.51 |
0.57 |
0.59 |
0.50 |
0.81 |
1.25 |
Other Operating Expenses |
|
3.02 |
2.72 |
2.77 |
3.15 |
2.57 |
2.85 |
3.42 |
3.40 |
3.77 |
5.37 |
Amortization Expense |
|
0.10 |
0.07 |
0.03 |
0.03 |
0.03 |
0.02 |
0.00 |
0.00 |
1.67 |
1.70 |
Restructuring Charge |
|
0.00 |
- |
0.00 |
0.12 |
0.87 |
0.83 |
0.49 |
1.07 |
9.65 |
4.99 |
Income Tax Expense |
|
1.96 |
1.69 |
1.39 |
1.81 |
1.34 |
0.59 |
0.48 |
0.42 |
-0.66 |
-0.27 |
Basic Earnings per Share |
|
$1.39 |
$1.28 |
$1.06 |
$1.32 |
$0.95 |
$0.52 |
$0.49 |
$0.47 |
($0.43) |
$0.47 |
Weighted Average Basic Shares Outstanding |
|
7.17M |
7.17M |
7.16M |
7.15M |
7.09M |
7.11M |
7.05M |
7.06M |
9.99M |
8.53M |
Diluted Earnings per Share |
|
$1.38 |
$1.27 |
$1.05 |
$1.31 |
$0.95 |
$0.52 |
$0.49 |
$0.46 |
($0.43) |
$0.47 |
Weighted Average Diluted Shares Outstanding |
|
7.21M |
7.21M |
7.20M |
7.18M |
7.12M |
7.15M |
7.10M |
7.11M |
10.04M |
8.59M |
Weighted Average Basic & Diluted Shares Outstanding |
|
7.16M |
7.16M |
7.15M |
7.09M |
7.04M |
7.06M |
7.06M |
9.98M |
9.99M |
9.99M |
Cash Dividends to Common per Share |
|
$0.40 |
$0.40 |
$0.41 |
$0.41 |
$0.41 |
$0.41 |
$0.41 |
$0.41 |
$0.62 |
$0.62 |
Annual Cash Flow Statements for Peoples Financial Services
This table details how cash moves in and out of Peoples Financial Services' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.
Metric |
2022 |
2023 |
2024 |
Net Change in Cash & Equivalents |
-242 |
149 |
-52 |
Net Cash From Operating Activities |
42 |
33 |
34 |
Net Cash From Continuing Operating Activities |
42 |
33 |
34 |
Net Income / (Loss) Continuing Operations |
38 |
27 |
8.50 |
Consolidated Net Income / (Loss) |
38 |
27 |
8.50 |
Provision For Loan Losses |
-0.45 |
0.57 |
19 |
Depreciation Expense |
3.09 |
2.79 |
3.35 |
Amortization Expense |
2.78 |
2.83 |
4.00 |
Non-Cash Adjustments to Reconcile Net Income |
2.92 |
0.75 |
-13 |
Changes in Operating Assets and Liabilities, net |
-4.44 |
-1.08 |
12 |
Net Cash From Investing Activities |
-468 |
-26 |
387 |
Net Cash From Continuing Investing Activities |
-468 |
-26 |
387 |
Purchase of Property, Leasehold Improvements and Equipment |
-7.83 |
-5.93 |
-2.58 |
Purchase of Investment Securities |
-547 |
0.00 |
-4.84 |
Sale of Property, Leasehold Improvements and Equipment |
0.17 |
0.01 |
1.81 |
Divestitures |
0.00 |
0.00 |
28 |
Sale and/or Maturity of Investments |
44 |
103 |
303 |
Other Investing Activities, net |
44 |
-123 |
62 |
Net Cash From Financing Activities |
183 |
142 |
-473 |
Net Cash From Continuing Financing Activities |
183 |
142 |
-473 |
Net Change in Deposits |
83 |
232 |
-300 |
Issuance of Debt |
0.00 |
25 |
0.00 |
Repayment of Debt |
113 |
-98 |
-155 |
Repurchase of Common Equity |
-1.25 |
-5.89 |
0.00 |
Payment of Dividends |
-11 |
-12 |
-18 |
Cash Interest Paid |
15 |
58 |
96 |
Cash Income Taxes Paid |
10 |
3.46 |
1.85 |
Quarterly Cash Flow Statements for Peoples Financial Services
This table details how cash moves in and out of Peoples Financial Services' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Net Change in Cash & Equivalents |
|
65 |
-75 |
103 |
-3.90 |
118 |
-67 |
-77 |
-60 |
236 |
-150 |
Net Cash From Operating Activities |
|
11 |
12 |
4.55 |
13 |
6.75 |
8.95 |
3.23 |
1.74 |
26 |
3.32 |
Net Cash From Continuing Operating Activities |
|
11 |
12 |
4.55 |
13 |
6.75 |
8.95 |
3.23 |
1.74 |
26 |
3.32 |
Net Income / (Loss) Continuing Operations |
|
9.97 |
9.14 |
7.58 |
9.43 |
6.75 |
3.63 |
3.47 |
3.28 |
-4.34 |
6.09 |
Consolidated Net Income / (Loss) |
|
9.97 |
9.14 |
7.58 |
9.43 |
6.75 |
3.63 |
3.47 |
3.28 |
-4.34 |
6.09 |
Provision For Loan Losses |
|
0.45 |
-2.15 |
1.26 |
-2.20 |
-0.17 |
1.67 |
0.71 |
0.60 |
14 |
3.37 |
Depreciation Expense |
|
1.06 |
1.04 |
0.70 |
0.70 |
0.65 |
0.74 |
0.75 |
0.73 |
0.90 |
0.97 |
Amortization Expense |
|
0.26 |
0.03 |
0.47 |
0.50 |
1.15 |
0.72 |
0.38 |
0.42 |
1.12 |
2.08 |
Non-Cash Adjustments to Reconcile Net Income |
|
0.81 |
3.23 |
0.31 |
0.55 |
-0.12 |
0.01 |
-0.16 |
0.31 |
-2.69 |
-10 |
Changes in Operating Assets and Liabilities, net |
|
-1.05 |
0.48 |
-5.78 |
4.04 |
-1.51 |
2.18 |
-1.92 |
-3.60 |
16 |
0.89 |
Net Cash From Investing Activities |
|
-41 |
-106 |
-14 |
-8.67 |
-25 |
22 |
-5.30 |
-3.87 |
277 |
120 |
Net Cash From Continuing Investing Activities |
|
-41 |
-106 |
-14 |
-8.67 |
-25 |
22 |
-5.30 |
-3.87 |
277 |
120 |
Purchase of Property, Leasehold Improvements and Equipment |
|
-2.51 |
-2.45 |
-2.51 |
-1.97 |
-1.22 |
-0.23 |
-0.22 |
-0.40 |
-4.31 |
2.35 |
Purchase of Investment Securities |
|
-297 |
-150 |
-88 |
-20 |
108 |
- |
-8.69 |
-14 |
-7.12 |
25 |
Sale of Property, Leasehold Improvements and Equipment |
|
- |
0.17 |
0.01 |
- |
- |
- |
0.00 |
0.04 |
0.11 |
1.65 |
Divestitures |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
-0.74 |
Sale and/or Maturity of Investments |
|
21 |
2.03 |
8.98 |
14 |
76 |
4.44 |
3.60 |
10 |
18 |
270 |
Other Investing Activities, net |
|
238 |
44 |
67 |
0.00 |
-209 |
18 |
0.00 |
- |
241 |
-179 |
Net Cash From Financing Activities |
|
95 |
19 |
112 |
-8.24 |
136 |
-98 |
-75 |
-58 |
-67 |
-272 |
Net Cash From Continuing Financing Activities |
|
95 |
19 |
112 |
-8.24 |
136 |
-98 |
-75 |
-58 |
-67 |
-272 |
Net Change in Deposits |
|
213 |
-78 |
189 |
-6.49 |
136 |
-86 |
-75 |
-139 |
146 |
-232 |
Issuance of Debt |
|
15 |
-15 |
-73 |
2.25 |
- |
- |
0.00 |
87 |
-207 |
120 |
Payment of Dividends |
|
-2.87 |
-2.86 |
-2.94 |
-2.93 |
-2.91 |
-2.89 |
-2.89 |
-2.89 |
-6.15 |
-6.15 |
Cash Interest Paid |
|
4.37 |
7.45 |
9.83 |
12 |
17 |
19 |
20 |
19 |
28 |
29 |
Cash Income Taxes Paid |
|
2.11 |
2.61 |
0.05 |
1.68 |
1.35 |
0.39 |
0.02 |
0.48 |
0.65 |
0.70 |
Annual Balance Sheets for Peoples Financial Services
This table presents Peoples Financial Services' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.
Metric |
2022 |
2023 |
2024 |
Total Assets |
3,554 |
3,742 |
5,092 |
Cash and Due from Banks |
38 |
34 |
47 |
Federal Funds Sold |
0.00 |
145 |
80 |
Interest Bearing Deposits at Other Banks |
0.19 |
9.14 |
8.59 |
Trading Account Securities |
569 |
0.35 |
2.43 |
Loans and Leases, Net of Allowance |
2,703 |
3,227 |
3,952 |
Loans and Leases |
2,730 |
3,249 |
3,994 |
Allowance for Loan and Lease Losses |
27 |
22 |
42 |
Premises and Equipment, Net |
56 |
61 |
73 |
Goodwill |
63 |
63 |
76 |
Intangible Assets |
0.11 |
0.00 |
34 |
Other Assets |
125 |
203 |
818 |
Total Liabilities & Shareholders' Equity |
3,554 |
3,742 |
5,092 |
Total Liabilities |
3,238 |
3,402 |
4,623 |
Non-Interest Bearing Deposits |
773 |
645 |
936 |
Interest Bearing Deposits |
2,274 |
2,634 |
3,472 |
Short-Term Debt |
115 |
18 |
16 |
Accrued Interest Payable |
0.90 |
5.77 |
5.50 |
Long-Term Debt |
34 |
58 |
140 |
Other Long-Term Liabilities |
42 |
41 |
54 |
Total Equity & Noncontrolling Interests |
315 |
340 |
469 |
Total Preferred & Common Equity |
315 |
340 |
469 |
Total Common Equity |
315 |
340 |
469 |
Common Stock |
141 |
136 |
271 |
Retained Earnings |
231 |
249 |
239 |
Accumulated Other Comprehensive Income / (Loss) |
-56 |
-44 |
-41 |
Quarterly Balance Sheets for Peoples Financial Services
This table presents Peoples Financial Services' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.
Metric |
|
Q3 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Total Assets |
|
3,517 |
3,678 |
3,682 |
3,826 |
3,669 |
3,616 |
5,360 |
Cash and Due from Banks |
|
35 |
31 |
38 |
39 |
32 |
41 |
97 |
Federal Funds Sold |
|
70 |
102 |
93 |
206 |
70 |
0.00 |
178 |
Interest Bearing Deposits at Other Banks |
|
8.41 |
7.13 |
5.81 |
9.55 |
8.26 |
8.72 |
10 |
Trading Account Securities |
|
570 |
508 |
484 |
469 |
0.39 |
0.08 |
4.72 |
Loans and Leases, Net of Allowance |
|
2,594 |
5,611 |
2,820 |
2,848 |
3,230 |
3,232 |
4,030 |
Loans and Leases |
|
2,624 |
5,636 |
2,843 |
2,871 |
3,253 |
3,255 |
4,070 |
Allowance for Loan and Lease Losses |
|
30 |
25 |
23 |
23 |
23 |
23 |
39 |
Premises and Equipment, Net |
|
54 |
57 |
58 |
62 |
59 |
59 |
76 |
Goodwill |
|
63 |
63 |
63 |
63 |
63 |
63 |
77 |
Intangible Assets |
|
0.18 |
0.08 |
0.05 |
0.02 |
- |
- |
36 |
Other Assets |
|
121 |
2,910 |
120 |
129 |
206 |
212 |
851 |
Total Liabilities & Shareholders' Equity |
|
3,517 |
3,678 |
3,682 |
3,826 |
3,669 |
3,616 |
5,360 |
Total Liabilities |
|
3,215 |
3,350 |
3,350 |
3,501 |
3,329 |
3,275 |
4,885 |
Non-Interest Bearing Deposits |
|
770 |
746 |
713 |
691 |
623 |
621 |
718 |
Interest Bearing Deposits |
|
2,354 |
2,490 |
2,516 |
2,674 |
2,581 |
2,444 |
3,920 |
Short-Term Debt |
|
15 |
17 |
20 |
27 |
20 |
104 |
37 |
Accrued Interest Payable |
|
1.13 |
2.30 |
4.70 |
4.78 |
5.33 |
5.51 |
6.83 |
Long-Term Debt |
|
34 |
58 |
58 |
58 |
58 |
58 |
153 |
Other Long-Term Liabilities |
|
41 |
36 |
38 |
47 |
42 |
43 |
51 |
Total Equity & Noncontrolling Interests |
|
302 |
329 |
332 |
324 |
340 |
341 |
475 |
Total Preferred & Common Equity |
|
302 |
329 |
332 |
324 |
340 |
341 |
475 |
Total Common Equity |
|
302 |
329 |
332 |
324 |
340 |
341 |
475 |
Common Stock |
|
141 |
141 |
140 |
136 |
136 |
137 |
271 |
Retained Earnings |
|
224 |
238 |
244 |
248 |
249 |
250 |
239 |
Accumulated Other Comprehensive Income / (Loss) |
|
-64 |
-49 |
-52 |
-59 |
-45 |
-45 |
-35 |
Annual Metrics And Ratios for Peoples Financial Services
This table displays calculated financial ratios and metrics derived from Peoples Financial Services' official financial filings.
Metric |
2022 |
2023 |
2024 |
Growth Metrics |
- |
- |
- |
Revenue Growth |
-2.43% |
-6.23% |
33.14% |
EBITDA Growth |
-12.29% |
-25.58% |
-58.53% |
EBIT Growth |
-15.23% |
-28.36% |
-73.95% |
NOPAT Growth |
-12.48% |
-28.12% |
-68.96% |
Net Income Growth |
-12.48% |
-28.12% |
-68.96% |
EPS Growth |
-12.29% |
-27.46% |
-74.15% |
Operating Cash Flow Growth |
3.89% |
-21.50% |
2.02% |
Free Cash Flow Firm Growth |
-160.62% |
250.68% |
-365.97% |
Invested Capital Growth |
23.41% |
-10.31% |
50.12% |
Revenue Q/Q Growth |
-9.46% |
-2.03% |
18.15% |
EBITDA Q/Q Growth |
-21.67% |
-16.66% |
25.28% |
EBIT Q/Q Growth |
-17.36% |
-16.90% |
23.26% |
NOPAT Q/Q Growth |
-16.04% |
-16.75% |
40.67% |
Net Income Q/Q Growth |
-16.04% |
-16.75% |
40.67% |
EPS Q/Q Growth |
-15.92% |
-16.38% |
-4.81% |
Operating Cash Flow Q/Q Growth |
-6.60% |
-8.75% |
-14.22% |
Free Cash Flow Firm Q/Q Growth |
-185.00% |
390.28% |
19.82% |
Invested Capital Q/Q Growth |
32.29% |
1.61% |
-6.07% |
Profitability Metrics |
- |
- |
- |
EBITDA Margin |
47.62% |
37.79% |
11.77% |
EBIT Margin |
42.16% |
32.22% |
6.30% |
Profit (Net Income) Margin |
35.40% |
27.14% |
6.33% |
Tax Burden Percent |
83.96% |
84.24% |
100.35% |
Interest Burden Percent |
100.00% |
100.00% |
100.00% |
Effective Tax Rate |
16.04% |
15.76% |
-0.35% |
Return on Invested Capital (ROIC) |
9.07% |
6.22% |
1.63% |
ROIC Less NNEP Spread (ROIC-NNEP) |
9.07% |
6.22% |
1.63% |
Return on Net Nonoperating Assets (RNNOA) |
2.55% |
2.13% |
0.47% |
Return on Equity (ROE) |
11.62% |
8.35% |
2.10% |
Cash Return on Invested Capital (CROIC) |
-11.89% |
17.09% |
-38.44% |
Operating Return on Assets (OROA) |
1.31% |
0.89% |
0.19% |
Return on Assets (ROA) |
1.10% |
0.75% |
0.19% |
Return on Common Equity (ROCE) |
11.62% |
8.35% |
2.10% |
Return on Equity Simple (ROE_SIMPLE) |
12.08% |
8.04% |
1.81% |
Net Operating Profit after Tax (NOPAT) |
38 |
27 |
8.50 |
NOPAT Margin |
35.40% |
27.14% |
6.33% |
Net Nonoperating Expense Percent (NNEP) |
0.00% |
0.00% |
0.00% |
SG&A Expenses to Revenue |
46.59% |
51.97% |
50.65% |
Operating Expenses to Revenue |
58.25% |
67.22% |
79.45% |
Earnings before Interest and Taxes (EBIT) |
45 |
33 |
8.47 |
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
51 |
38 |
16 |
Valuation Ratios |
- |
- |
- |
Price to Book Value (P/BV) |
1.07 |
0.95 |
1.08 |
Price to Tangible Book Value (P/TBV) |
1.34 |
1.17 |
1.41 |
Price to Revenue (P/Rev) |
3.14 |
3.21 |
3.76 |
Price to Earnings (P/E) |
8.87 |
11.83 |
59.43 |
Dividend Yield |
3.35% |
3.57% |
4.07% |
Earnings Yield |
11.28% |
8.46% |
1.68% |
Enterprise Value to Invested Capital (EV/IC) |
0.97 |
0.51 |
0.84 |
Enterprise Value to Revenue (EV/Rev) |
4.17 |
2.10 |
3.91 |
Enterprise Value to EBITDA (EV/EBITDA) |
8.75 |
5.56 |
33.19 |
Enterprise Value to EBIT (EV/EBIT) |
9.88 |
6.52 |
61.97 |
Enterprise Value to NOPAT (EV/NOPAT) |
11.77 |
7.74 |
61.75 |
Enterprise Value to Operating Cash Flow (EV/OCF) |
10.59 |
6.38 |
15.47 |
Enterprise Value to Free Cash Flow (EV/FCFF) |
0.00 |
2.82 |
0.00 |
Leverage & Solvency |
- |
- |
- |
Debt to Equity |
0.47 |
0.22 |
0.33 |
Long-Term Debt to Equity |
0.11 |
0.17 |
0.30 |
Financial Leverage |
0.28 |
0.34 |
0.29 |
Leverage Ratio |
10.56 |
11.13 |
10.91 |
Compound Leverage Factor |
10.56 |
11.13 |
10.91 |
Debt to Total Capital |
32.01% |
18.17% |
24.91% |
Short-Term Debt to Total Capital |
24.78% |
4.23% |
2.55% |
Long-Term Debt to Total Capital |
7.23% |
13.94% |
22.37% |
Preferred Equity to Total Capital |
0.00% |
0.00% |
0.00% |
Noncontrolling Interests to Total Capital |
0.00% |
0.00% |
0.00% |
Common Equity to Total Capital |
67.99% |
81.83% |
75.09% |
Debt to EBITDA |
2.90 |
1.98 |
9.84 |
Net Debt to EBITDA |
2.16 |
-2.93 |
1.25 |
Long-Term Debt to EBITDA |
0.65 |
1.52 |
8.83 |
Debt to NOPAT |
3.90 |
2.76 |
18.31 |
Net Debt to NOPAT |
2.90 |
-4.08 |
2.32 |
Long-Term Debt to NOPAT |
0.88 |
2.12 |
16.44 |
Noncontrolling Interest Sharing Ratio |
0.00% |
0.00% |
0.00% |
Liquidity Ratios |
- |
- |
- |
Cash Flow Metrics |
- |
- |
- |
Free Cash Flow to Firm (FCFF) |
-50 |
75 |
-200 |
Operating Cash Flow to CapEx |
552.89% |
562.54% |
4,417.06% |
Free Cash Flow to Firm to Interest Expense |
-3.20 |
1.19 |
-2.10 |
Operating Cash Flow to Interest Expense |
2.72 |
0.53 |
0.36 |
Operating Cash Flow Less CapEx to Interest Expense |
2.23 |
0.43 |
0.35 |
Efficiency Ratios |
- |
- |
- |
Asset Turnover |
0.03 |
0.03 |
0.03 |
Fixed Asset Turnover |
2.01 |
1.73 |
2.00 |
Capital & Investment Metrics |
- |
- |
- |
Invested Capital |
464 |
416 |
625 |
Invested Capital Turnover |
0.26 |
0.23 |
0.26 |
Increase / (Decrease) in Invested Capital |
88 |
-48 |
209 |
Enterprise Value (EV) |
448 |
212 |
525 |
Market Capitalization |
338 |
324 |
505 |
Book Value per Share |
$44.04 |
$48.35 |
$46.92 |
Tangible Book Value per Share |
$35.18 |
$39.35 |
$35.90 |
Total Capital |
464 |
416 |
625 |
Total Debt |
148 |
76 |
156 |
Total Long-Term Debt |
34 |
58 |
140 |
Net Debt |
111 |
-112 |
20 |
Capital Expenditures (CapEx) |
7.66 |
5.91 |
0.77 |
Net Nonoperating Expense (NNE) |
0.00 |
0.00 |
0.00 |
Net Nonoperating Obligations (NNO) |
148 |
76 |
156 |
Total Depreciation and Amortization (D&A) |
5.87 |
5.63 |
7.34 |
Earnings Adjustments |
- |
- |
- |
Adjusted Basic Earnings per Share |
$5.31 |
$3.85 |
$1.00 |
Adjusted Weighted Average Basic Shares Outstanding |
7.17M |
7.11M |
8.53M |
Adjusted Diluted Earnings per Share |
$5.28 |
$3.83 |
$0.99 |
Adjusted Weighted Average Diluted Shares Outstanding |
7.21M |
7.15M |
8.59M |
Adjusted Basic & Diluted Earnings per Share |
$0.00 |
$0.00 |
$0.00 |
Adjusted Weighted Average Basic & Diluted Shares Outstanding |
7.16M |
7.06M |
9.99M |
Normalized Net Operating Profit after Tax (NOPAT) |
38 |
29 |
17 |
Normalized NOPAT Margin |
35.40% |
28.66% |
12.86% |
Pre Tax Income Margin |
42.16% |
32.22% |
6.30% |
Debt Service Ratios |
- |
- |
- |
EBIT to Interest Expense |
2.91 |
0.52 |
0.09 |
NOPAT to Interest Expense |
2.44 |
0.43 |
0.09 |
EBIT Less CapEx to Interest Expense |
2.42 |
0.42 |
0.08 |
NOPAT Less CapEx to Interest Expense |
1.95 |
0.34 |
0.08 |
Payout Ratios |
- |
- |
- |
Dividend Payout Ratio |
29.73% |
42.58% |
212.91% |
Augmented Payout Ratio |
33.02% |
64.08% |
212.91% |
Quarterly Metrics And Ratios for Peoples Financial Services
This table displays calculated financial ratios and metrics derived from Peoples Financial Services' official financial filings.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Growth Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Revenue Growth |
|
11.33% |
-30.47% |
2.56% |
-7.03% |
-11.82% |
-8.14% |
-14.96% |
-12.44% |
80.09% |
87.59% |
EBITDA Growth |
|
25.83% |
-54.37% |
-25.45% |
-0.45% |
-25.43% |
-52.29% |
-49.95% |
-61.02% |
-130.16% |
56.20% |
EBIT Growth |
|
9.58% |
-46.80% |
-21.77% |
0.81% |
-32.26% |
-61.05% |
-56.02% |
-67.04% |
-161.80% |
37.89% |
NOPAT Growth |
|
9.59% |
-44.32% |
-21.30% |
0.77% |
-32.32% |
-60.28% |
-54.27% |
-65.18% |
-151.82% |
67.69% |
Net Income Growth |
|
9.59% |
-44.32% |
-21.30% |
0.77% |
-32.32% |
-60.28% |
-54.27% |
-65.18% |
-164.29% |
67.69% |
EPS Growth |
|
9.52% |
-44.05% |
-21.05% |
0.77% |
-31.16% |
-59.06% |
-53.33% |
-64.89% |
-145.26% |
-9.62% |
Operating Cash Flow Growth |
|
-9.14% |
-19.80% |
-50.21% |
35.52% |
-41.28% |
-26.27% |
-29.08% |
-86.64% |
280.09% |
-62.87% |
Free Cash Flow Firm Growth |
|
-62.40% |
-242.80% |
-157.67% |
172.41% |
-323.19% |
165.25% |
73.28% |
-219.30% |
-397.57% |
-493.42% |
Invested Capital Growth |
|
-3.67% |
23.41% |
13.57% |
-13.96% |
16.77% |
-10.31% |
3.55% |
22.90% |
62.40% |
50.12% |
Revenue Q/Q Growth |
|
2.64% |
-9.45% |
4.21% |
-4.00% |
-2.65% |
-5.68% |
-3.53% |
-1.16% |
100.23% |
-1.74% |
EBITDA Q/Q Growth |
|
6.02% |
-10.16% |
-23.75% |
22.64% |
-20.59% |
-42.53% |
-21.20% |
-4.47% |
-161.45% |
397.62% |
EBIT Q/Q Growth |
|
7.04% |
-9.24% |
-17.18% |
25.28% |
-28.07% |
-47.82% |
-6.47% |
-6.11% |
-234.86% |
216.44% |
NOPAT Q/Q Growth |
|
6.58% |
-8.32% |
-17.07% |
24.36% |
-28.42% |
-46.19% |
-4.52% |
-5.31% |
-206.51% |
274.12% |
Net Income Q/Q Growth |
|
6.58% |
-8.32% |
-17.07% |
24.36% |
-28.42% |
-46.19% |
-4.52% |
-5.31% |
-232.15% |
240.35% |
EPS Q/Q Growth |
|
6.15% |
-7.97% |
-17.32% |
24.76% |
-27.48% |
-45.26% |
-5.77% |
-6.12% |
-193.48% |
209.30% |
Operating Cash Flow Q/Q Growth |
|
19.63% |
5.62% |
-62.50% |
186.06% |
-48.17% |
32.62% |
-63.94% |
-46.09% |
1,374.24% |
-87.05% |
Free Cash Flow Firm Q/Q Growth |
|
122.27% |
-438.15% |
48.40% |
286.33% |
-168.65% |
198.85% |
-121.13% |
-732.03% |
-186.31% |
21.84% |
Invested Capital Q/Q Growth |
|
-26.30% |
32.29% |
-12.92% |
1.34% |
0.02% |
1.61% |
0.54% |
20.28% |
32.17% |
-6.07% |
Profitability Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBITDA Margin |
|
46.77% |
46.41% |
37.95% |
48.49% |
39.55% |
24.10% |
22.34% |
21.59% |
-6.63% |
20.07% |
EBIT Margin |
|
42.13% |
42.23% |
33.57% |
43.80% |
32.36% |
17.91% |
17.36% |
16.49% |
-11.11% |
13.16% |
Profit (Net Income) Margin |
|
35.20% |
35.64% |
28.37% |
36.75% |
27.02% |
15.41% |
15.26% |
14.61% |
-9.65% |
13.78% |
Tax Burden Percent |
|
83.55% |
84.40% |
84.51% |
83.89% |
83.48% |
86.08% |
87.88% |
88.63% |
86.84% |
104.68% |
Interest Burden Percent |
|
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
Effective Tax Rate |
|
16.45% |
15.60% |
15.49% |
16.11% |
16.52% |
13.92% |
12.12% |
11.37% |
0.00% |
-4.68% |
Return on Invested Capital (ROIC) |
|
11.71% |
9.13% |
8.09% |
8.83% |
7.32% |
3.53% |
3.60% |
3.00% |
-1.65% |
3.56% |
ROIC Less NNEP Spread (ROIC-NNEP) |
|
11.71% |
9.13% |
8.09% |
8.83% |
7.32% |
3.53% |
3.60% |
3.00% |
-2.26% |
3.56% |
Return on Net Nonoperating Assets (RNNOA) |
|
1.58% |
2.57% |
1.38% |
3.31% |
1.56% |
1.21% |
0.83% |
1.07% |
-0.78% |
1.02% |
Return on Equity (ROE) |
|
13.29% |
11.70% |
9.46% |
12.14% |
8.89% |
4.74% |
4.42% |
4.07% |
-2.42% |
4.57% |
Cash Return on Invested Capital (CROIC) |
|
16.43% |
-11.89% |
-3.22% |
23.16% |
-6.82% |
17.09% |
2.17% |
-16.79% |
-46.44% |
-38.44% |
Operating Return on Assets (OROA) |
|
1.48% |
1.31% |
1.03% |
1.31% |
0.91% |
0.50% |
0.46% |
0.42% |
-0.27% |
0.40% |
Return on Assets (ROA) |
|
1.24% |
1.11% |
0.87% |
1.10% |
0.76% |
0.43% |
0.40% |
0.38% |
-0.24% |
0.42% |
Return on Common Equity (ROCE) |
|
13.29% |
11.70% |
9.46% |
12.14% |
8.89% |
4.74% |
4.42% |
4.07% |
-2.42% |
4.57% |
Return on Equity Simple (ROE_SIMPLE) |
|
15.03% |
0.00% |
10.97% |
10.88% |
10.14% |
0.00% |
6.84% |
5.02% |
1.27% |
0.00% |
Net Operating Profit after Tax (NOPAT) |
|
9.97 |
9.14 |
7.58 |
9.43 |
6.75 |
3.63 |
3.47 |
3.28 |
-3.50 |
6.09 |
NOPAT Margin |
|
35.20% |
35.64% |
28.37% |
36.75% |
27.02% |
15.41% |
15.26% |
14.61% |
-7.77% |
13.78% |
Net Nonoperating Expense Percent (NNEP) |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.61% |
0.00% |
SG&A Expenses to Revenue |
|
44.14% |
53.95% |
49.34% |
49.75% |
52.39% |
56.93% |
59.70% |
58.00% |
43.60% |
49.45% |
Operating Expenses to Revenue |
|
56.28% |
66.15% |
61.70% |
64.78% |
68.30% |
75.01% |
79.52% |
80.86% |
78.95% |
79.21% |
Earnings before Interest and Taxes (EBIT) |
|
12 |
11 |
8.97 |
11 |
8.08 |
4.22 |
3.94 |
3.70 |
-4.99 |
5.82 |
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
|
13 |
12 |
10 |
12 |
9.88 |
5.68 |
5.08 |
4.85 |
-2.98 |
8.87 |
Valuation Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Price to Book Value (P/BV) |
|
1.04 |
1.07 |
0.90 |
0.91 |
0.84 |
0.95 |
0.89 |
0.94 |
0.98 |
1.08 |
Price to Tangible Book Value (P/TBV) |
|
1.32 |
1.34 |
1.11 |
1.12 |
1.04 |
1.17 |
1.09 |
1.16 |
1.29 |
1.41 |
Price to Revenue (P/Rev) |
|
2.65 |
3.14 |
2.73 |
2.83 |
2.65 |
3.21 |
3.11 |
3.43 |
4.11 |
3.76 |
Price to Earnings (P/E) |
|
6.94 |
8.87 |
8.20 |
8.34 |
8.28 |
11.83 |
12.94 |
18.77 |
77.42 |
59.43 |
Dividend Yield |
|
3.55% |
3.35% |
3.88% |
3.85% |
4.25% |
3.57% |
3.84% |
3.60% |
3.94% |
4.07% |
Earnings Yield |
|
14.41% |
11.28% |
12.20% |
11.99% |
12.08% |
8.46% |
7.73% |
5.33% |
1.29% |
1.68% |
Enterprise Value to Invested Capital (EV/IC) |
|
0.71 |
0.97 |
0.57 |
0.59 |
0.25 |
0.51 |
0.64 |
0.86 |
0.56 |
0.84 |
Enterprise Value to Revenue (EV/Rev) |
|
2.11 |
4.17 |
2.13 |
2.28 |
1.00 |
2.10 |
2.78 |
4.63 |
3.27 |
3.91 |
Enterprise Value to EBITDA (EV/EBITDA) |
|
3.83 |
8.75 |
4.68 |
4.92 |
2.25 |
5.56 |
8.15 |
17.02 |
29.48 |
33.19 |
Enterprise Value to EBIT (EV/EBIT) |
|
4.56 |
9.88 |
5.37 |
5.63 |
2.63 |
6.52 |
9.81 |
21.74 |
54.16 |
61.97 |
Enterprise Value to NOPAT (EV/NOPAT) |
|
5.52 |
11.77 |
6.39 |
6.70 |
3.13 |
7.74 |
11.58 |
25.33 |
61.59 |
61.75 |
Enterprise Value to Operating Cash Flow (EV/OCF) |
|
5.52 |
10.59 |
6.09 |
5.87 |
2.82 |
6.38 |
8.44 |
21.00 |
9.41 |
15.47 |
Enterprise Value to Free Cash Flow (EV/FCFF) |
|
4.27 |
0.00 |
0.00 |
2.36 |
0.00 |
2.82 |
30.17 |
0.00 |
0.00 |
0.00 |
Leverage & Solvency |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Debt to Equity |
|
0.16 |
0.47 |
0.23 |
0.23 |
0.26 |
0.22 |
0.23 |
0.48 |
0.40 |
0.33 |
Long-Term Debt to Equity |
|
0.11 |
0.11 |
0.18 |
0.17 |
0.18 |
0.17 |
0.17 |
0.17 |
0.32 |
0.30 |
Financial Leverage |
|
0.14 |
0.28 |
0.17 |
0.37 |
0.21 |
0.34 |
0.23 |
0.36 |
0.34 |
0.29 |
Leverage Ratio |
|
10.72 |
10.56 |
10.83 |
11.04 |
11.73 |
11.13 |
10.99 |
10.85 |
11.49 |
10.91 |
Compound Leverage Factor |
|
10.72 |
10.56 |
10.83 |
11.04 |
11.73 |
11.13 |
10.99 |
10.85 |
11.49 |
10.91 |
Debt to Total Capital |
|
13.92% |
32.01% |
18.64% |
18.94% |
20.77% |
18.17% |
18.71% |
32.25% |
28.55% |
24.91% |
Short-Term Debt to Total Capital |
|
4.19% |
24.78% |
4.28% |
4.77% |
6.60% |
4.23% |
4.84% |
20.72% |
5.62% |
2.55% |
Long-Term Debt to Total Capital |
|
9.73% |
7.23% |
14.36% |
14.17% |
14.17% |
13.94% |
13.87% |
11.53% |
22.94% |
22.37% |
Preferred Equity to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Noncontrolling Interests to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Common Equity to Total Capital |
|
86.08% |
67.99% |
81.36% |
81.06% |
79.23% |
81.83% |
81.29% |
67.75% |
71.45% |
75.09% |
Debt to EBITDA |
|
0.75 |
2.90 |
1.53 |
1.58 |
1.86 |
1.98 |
2.37 |
6.37 |
15.04 |
9.84 |
Net Debt to EBITDA |
|
-0.98 |
2.16 |
-1.33 |
-1.20 |
-3.71 |
-2.93 |
-0.96 |
4.41 |
-7.58 |
1.25 |
Long-Term Debt to EBITDA |
|
0.52 |
0.65 |
1.18 |
1.18 |
1.27 |
1.52 |
1.75 |
2.28 |
12.08 |
8.83 |
Debt to NOPAT |
|
1.08 |
3.90 |
2.09 |
2.15 |
2.59 |
2.76 |
3.36 |
9.48 |
31.43 |
18.31 |
Net Debt to NOPAT |
|
-1.42 |
2.90 |
-1.81 |
-1.64 |
-5.15 |
-4.08 |
-1.36 |
6.56 |
-15.83 |
2.32 |
Long-Term Debt to NOPAT |
|
0.75 |
0.88 |
1.61 |
1.61 |
1.76 |
2.12 |
2.49 |
3.39 |
25.24 |
16.44 |
Noncontrolling Interest Sharing Ratio |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Liquidity Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Cash Flow Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Free Cash Flow to Firm (FCFF) |
|
23 |
-79 |
-41 |
76 |
-52 |
51 |
-11 |
-90 |
-259 |
-202 |
Operating Cash Flow to CapEx |
|
458.38% |
533.27% |
182.54% |
660.56% |
552.42% |
3,923.25% |
1,493.52% |
491.24% |
609.97% |
0.00% |
Free Cash Flow to Firm to Interest Expense |
|
5.51 |
-10.91 |
-3.62 |
5.18 |
-2.98 |
2.61 |
-0.55 |
-4.65 |
-8.92 |
-7.42 |
Operating Cash Flow to Interest Expense |
|
2.71 |
1.68 |
0.40 |
0.89 |
0.39 |
0.45 |
0.16 |
0.09 |
0.88 |
0.12 |
Operating Cash Flow Less CapEx to Interest Expense |
|
2.12 |
1.36 |
0.18 |
0.75 |
0.32 |
0.44 |
0.15 |
0.07 |
0.74 |
0.27 |
Efficiency Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Asset Turnover |
|
0.04 |
0.03 |
0.03 |
0.03 |
0.03 |
0.03 |
0.03 |
0.03 |
0.02 |
0.03 |
Fixed Asset Turnover |
|
2.26 |
2.01 |
1.99 |
1.92 |
1.77 |
1.73 |
1.68 |
1.61 |
1.65 |
2.00 |
Capital & Investment Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Invested Capital |
|
351 |
464 |
404 |
409 |
409 |
416 |
418 |
503 |
665 |
625 |
Invested Capital Turnover |
|
0.33 |
0.26 |
0.29 |
0.24 |
0.27 |
0.23 |
0.24 |
0.21 |
0.21 |
0.26 |
Increase / (Decrease) in Invested Capital |
|
-13 |
88 |
48 |
-66 |
59 |
-48 |
14 |
94 |
255 |
209 |
Enterprise Value (EV) |
|
251 |
448 |
230 |
242 |
103 |
212 |
269 |
434 |
372 |
525 |
Market Capitalization |
|
315 |
338 |
295 |
301 |
272 |
324 |
301 |
321 |
468 |
505 |
Book Value per Share |
|
$42.09 |
$44.04 |
$45.90 |
$46.40 |
$45.73 |
$48.35 |
$48.17 |
$48.29 |
$47.62 |
$46.92 |
Tangible Book Value per Share |
|
$33.23 |
$35.18 |
$37.03 |
$37.53 |
$36.80 |
$39.35 |
$39.19 |
$39.31 |
$36.31 |
$35.90 |
Total Capital |
|
351 |
464 |
404 |
409 |
409 |
416 |
418 |
503 |
665 |
625 |
Total Debt |
|
49 |
148 |
75 |
78 |
85 |
76 |
78 |
162 |
190 |
156 |
Total Long-Term Debt |
|
34 |
34 |
58 |
58 |
58 |
58 |
58 |
58 |
153 |
140 |
Net Debt |
|
-64 |
111 |
-65 |
-59 |
-170 |
-112 |
-32 |
112 |
-96 |
20 |
Capital Expenditures (CapEx) |
|
2.51 |
2.28 |
2.49 |
1.97 |
1.22 |
0.23 |
0.22 |
0.35 |
4.20 |
-4.01 |
Net Nonoperating Expense (NNE) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.84 |
0.00 |
Net Nonoperating Obligations (NNO) |
|
49 |
148 |
75 |
78 |
85 |
76 |
78 |
162 |
190 |
156 |
Total Depreciation and Amortization (D&A) |
|
1.31 |
1.07 |
1.17 |
1.20 |
1.80 |
1.46 |
1.13 |
1.15 |
2.02 |
3.05 |
Earnings Adjustments |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Adjusted Basic Earnings per Share |
|
$1.39 |
$1.28 |
$1.06 |
$1.32 |
$0.95 |
$0.52 |
$0.49 |
$0.47 |
($0.43) |
$0.47 |
Adjusted Weighted Average Basic Shares Outstanding |
|
7.17M |
7.17M |
7.16M |
7.15M |
7.09M |
7.11M |
7.05M |
7.06M |
9.99M |
8.53M |
Adjusted Diluted Earnings per Share |
|
$1.38 |
$1.27 |
$1.05 |
$1.31 |
$0.95 |
$0.52 |
$0.49 |
$0.46 |
($0.43) |
$0.47 |
Adjusted Weighted Average Diluted Shares Outstanding |
|
7.21M |
7.21M |
7.20M |
7.18M |
7.12M |
7.15M |
7.10M |
7.11M |
10.04M |
8.59M |
Adjusted Basic & Diluted Earnings per Share |
|
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
Adjusted Weighted Average Basic & Diluted Shares Outstanding |
|
7.16M |
7.16M |
7.15M |
7.09M |
7.04M |
7.06M |
7.06M |
9.98M |
9.99M |
9.99M |
Normalized Net Operating Profit after Tax (NOPAT) |
|
9.97 |
9.14 |
7.58 |
9.53 |
7.47 |
4.34 |
3.89 |
4.23 |
3.26 |
7.56 |
Normalized NOPAT Margin |
|
35.20% |
35.64% |
28.37% |
37.14% |
29.92% |
18.43% |
17.14% |
18.84% |
7.25% |
17.12% |
Pre Tax Income Margin |
|
42.13% |
42.23% |
33.57% |
43.80% |
32.36% |
17.91% |
17.36% |
16.49% |
-11.11% |
13.16% |
Debt Service Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBIT to Interest Expense |
|
2.82 |
1.50 |
0.80 |
0.77 |
0.46 |
0.21 |
0.20 |
0.19 |
-0.17 |
0.21 |
NOPAT to Interest Expense |
|
2.36 |
1.26 |
0.67 |
0.64 |
0.39 |
0.18 |
0.18 |
0.17 |
-0.12 |
0.22 |
EBIT Less CapEx to Interest Expense |
|
2.23 |
1.18 |
0.58 |
0.63 |
0.39 |
0.20 |
0.19 |
0.17 |
-0.32 |
0.36 |
NOPAT Less CapEx to Interest Expense |
|
1.76 |
0.95 |
0.45 |
0.51 |
0.32 |
0.17 |
0.17 |
0.15 |
-0.27 |
0.37 |
Payout Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Dividend Payout Ratio |
|
24.66% |
29.73% |
31.81% |
32.11% |
35.37% |
42.58% |
49.92% |
67.62% |
245.44% |
212.91% |
Augmented Payout Ratio |
|
27.72% |
33.02% |
36.70% |
39.05% |
53.81% |
64.08% |
71.67% |
90.92% |
246.27% |
212.91% |
Key Financial Trends
Peoples Financial Services (NASDAQ:PFIS) has demonstrated notable financial trends over the past several quarters and years.
Positive Developments:
- Net interest income reflects consistent growth, reaching approximately $38.5 million in Q4 2024, up from $24.4 million in Q4 2022, indicating improved core banking earnings capacity.
- Net income has rebounded strongly in recent quarters, with Q4 2024 net income at about $6.09 million, following losses in Q3 2024 and generally positive quarterly earnings over the previous years.
- The loan portfolio has expanded significantly, with net loans increasing from around $2.82 billion in Q2 2023 to approximately $4.03 billion by Q3 2024, highlighting strong loan growth over the period.
- Provisions for credit losses were negative in some earlier periods indicating recoveries, though they increased recently as expected with loan growth; management’s proactive approach to credit risk is notable.
- Operating cash flow remains positive and generally increasing, with $3.32 million in net cash from operating activities in Q4 2024, supporting operational efficiency.
- Dividends per share have increased from $0.40 in 2022 to $0.62 in Q4 2024, reflecting management’s confidence and shareholder returns improvement.
- Total common equity rose from approximately $301.8 million in Q3 2022 to $475 million by Q3 2024, reflecting capital strengthening and retained earnings growth.
- The company has managed to reduce short-term borrowings relative to growing deposits and assets, which lowers liquidity risk and interest expense on short-term funding.
Neutral Factors:
- The company sees fluctuations in other non-interest income, sometimes negative, which impacts total non-interest income volatility but is common in financial services.
- Restructuring charges are present in some quarters (notably $4.99 million in Q4 2024) which are one-time costs that may lead to future efficiency gains.
Negative Aspects:
- Q3 2024 showed a net loss of about $4.3 million, due in part to a significant spike in the provision for credit losses ($14.46 million), highlighting potential credit risk pressures during that period.
- The net change in cash and equivalents has been negative in several recent quarters, notably -$149.6 million in Q4 2024, indicating potential liquidity management challenges or large investing activities.
- Total non-interest expenses have generally increased, reaching roughly $35 million in Q4 2024, partly driven by higher salaries, restructuring charges, and occupancy costs, which may pressure margins if revenue growth slows.
- Interest expense has risen steadily as total debt and deposits grow, with significant interest paid on deposits and borrowings, which could pressure net interest margin if interest income growth does not keep pace.
- The allowance for loan and lease losses has increased in absolute dollars to nearly $39.3 million as of Q3 2024, indicative of rising credit loss expectations associated with loan growth or credit quality concerns.
Summary
Peoples Financial Services has experienced solid loan growth and improving net interest income over the last two years, accompanied by a recovery in profitability after a loss in Q3 2024. The capital base has strengthened, and dividends have increased, signaling confidence in the company’s financial health. However, elevated provisions for credit losses and rising non-interest expenses, including restructuring costs, merit attention. Liquidity management appears active but with some substantial cash outflows in investing and financing activities, which investors should monitor.
Overall, the company shows encouraging core growth trends and a path toward profitability stabilization, balanced against certain risks related to credit costs and expense pressures.
08/30/25 11:08 PM ETAI Generated. May Contain Errors.