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Peoples Financial Services (PFIS) Financials

Peoples Financial Services logo
$47.98 +0.70 (+1.48%)
Closing price 04:00 PM Eastern
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$47.96 -0.01 (-0.03%)
As of 04:10 PM Eastern
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Annual Income Statements for Peoples Financial Services

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.

Metric 2022 2023 2024
Period end date 12/31/2022 12/31/2023 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders		 38 27 8.50
Consolidated Net Income / (Loss)		 38 27 8.50
Net Income / (Loss) Continuing Operations		 38 27 8.50
Total Pre-Tax Income 		45 33 8.47
Total Revenue		 108 101 134
Net Interest Income / (Expense)		 96 87 116
Total Interest Income		 111 150 211
Loans and Leases Interest Income		 101 135 192
Investment Securities Interest Income		 10 9.50 15
Deposits and Money Market Investments Interest Income		 0.10 0.34 0.50
Federal Funds Sold and Securities Borrowed Interest Income		 0.34 5.38 4.13
Total Interest Expense		 16 63 95
Deposits Interest Expense		 13 59 88
Short-Term Borrowings Interest Expense		 1.10 1.92 2.03
Long-Term Debt Interest Expense		 1.85 2.62 5.51
Total Non-Interest Income		 12 14 18
Other Service Charges		 12 13 16
Net Realized & Unrealized Capital Gains on Investments		 -1.39 0.46 0.42
Other Non-Interest Income		 1.02 1.07 1.57
Provision for Credit Losses		 -0.45 0.57 19
Total Non-Interest Expense		 63 68 107
Salaries and Employee Benefits		 34 35 46
Net Occupancy & Equipment Expense		 17 17 22
Property & Liability Insurance Claims		 1.30 2.13 3.16
Other Operating Expenses		 11 11 16
Amortization Expense		 0.36 0.11 3.37
Restructuring Charge		 0.00 1.82 16
Income Tax Expense		 7.28 5.12 -0.03
Basic Earnings per Share		 $5.31 $3.85 $1.00
Weighted Average Basic Shares Outstanding		 7.17M 7.11M 8.53M
Diluted Earnings per Share		 $5.28 $3.83 $0.99
Weighted Average Diluted Shares Outstanding		 7.21M 7.15M 8.59M
Weighted Average Basic & Diluted Shares Outstanding		 7.16M 7.06M 9.99M
Cash Dividends to Common per Share		 $1.58 $1.64 $2.06

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
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024
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
Period end date 12/31/2022 12/31/2023 12/31/2024
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
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024
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
Period end date 12/31/2022 12/31/2023 12/31/2024
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
Period end date 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024
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
Period end date 12/31/2022 12/31/2023 12/31/2024
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
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024
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 generally positive financial trends over the past four years, with some volatility in quarterly results noted in 2024. The company’s net interest income, the core of banking revenue, has shown consistent growth from 2022 through 2024, with Q4 2024 net interest income at $38.5 million, slightly lower than the prior quarter but improved compared to early 2023. Non-interest income remains a smaller but positive contributor, though it experienced some fluctuation.

On the expense front, salaries and employee benefits, along with restructuring charges, have increased in recent quarters, particularly notable in Q4 2024, indicating investment in workforce and some operational restructuring costs. The provision for credit losses spiked significantly in Q3 2024 but declined in Q4 2024, suggesting improved credit quality or reserve management. The company maintains substantial loan portfolios, with loans net of allowances consistently increasing, marking growth in core lending.

Cash flow dynamics show that operating activities consistently generate positive cash, while investing activities have large fluctuations linked to purchase and sale of securities and property. Financing activities reflect large changes in deposits and debt issuance/repayment consistent with a financial institution's balance sheet management.

Below are the key highlights to consider:

  • Sustained growth in loans and leases, with net loans increasing from about $2.59 billion in Q3 2022 to over $4.03 billion in Q3 2024, indicating strong lending activity.
  • Net interest income grew from $24.4 million in Q4 2022 to $38.5 million in Q4 2024, reflecting improved interest earning asset management and possibly favorable interest rate environments.
  • Consistent positive net income in most quarters, with notable recovery from a loss in Q3 2024 to a profit in Q4 2024, showing operational resilience.
  • Positive net cash flow from continuing operating activities across most recent quarters, indicating healthy cash generation capability.
  • Total equity increased from approximately $302 million in Q3 2022 to $475 million in Q3 2024, strengthening the company’s capital base.
  • Significant fluctuations in provision for credit losses, especially the spike to $14.5 million in Q3 2024, which could indicate temporary credit challenges or conservative reserve positioning.
  • Restructuring charges rose sharply in parts of 2024, such as $9.65 million in Q3 2024 and $5 million in Q4 2024, which may impact near-term profitability but could lead to future cost efficiencies.
  • Large swings in net cash from investing activities related to the timing and magnitude of investment securities purchases and sales, reflecting active portfolio management.
  • Net change in deposits showed a large decline in Q4 2024 (-$231.6 million), which could impact funding stability and interest expenses.
  • Total non-interest expense increased to almost $35 million in Q4 2024, driven by rising salaries, restructuring, and occupancy costs, pressuring net margins.

Overall, PFIS exhibits strong growth in its lending business and interest income generation, supported by an increasing equity base which enhances financial stability. Investors should watch the elevated credit loss provisions and restructuring costs, alongside deposit flow volatility, which could pose risks to earnings if these trends persist. However, the company’s ability to return to profitability after a loss quarter in 2024 demonstrates operational flexibility.

08/08/25 07:32 PMAI Generated. May Contain Errors.

Frequently Asked Questions About Peoples Financial Services' Financials

When does Peoples Financial Services' fiscal year end?

According to the most recent income statement we have on file, Peoples Financial Services' financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Peoples Financial Services' net income changed over the last 2 years?

Peoples Financial Services' net income appears to be on a downward trend, with a most recent value of $8.50 million in 2024, falling from $38.09 million in 2022. The previous period was $27.38 million in 2023. See Peoples Financial Services' forecast for analyst expectations on what’s next for the company.

How has Peoples Financial Services' revenue changed over the last 2 years?

Over the last 2 years, Peoples Financial Services' total revenue changed from $107.59 million in 2022 to $134.33 million in 2024, a change of 24.8%.

How much debt does Peoples Financial Services have?

Peoples Financial Services' total liabilities were at $4.62 billion at the end of 2024, a 35.9% increase from 2023, and a 42.8% increase since 2022.

How much cash does Peoples Financial Services have?

In the past 2 years, Peoples Financial Services' cash and equivalents has ranged from $33.52 million in 2023 to $47.03 million in 2024, and is currently $47.03 million as of their latest financial filing in 2024.

How has Peoples Financial Services' book value per share changed over the last 2 years?

Over the last 2 years, Peoples Financial Services' book value per share changed from 44.04 in 2022 to 46.92 in 2024, a change of 6.5%.


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This page (NASDAQ:PFIS) was last updated on 8/8/2025 by MarketBeat.com Staff
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