Peoples Financial Services (PFIS) Financials

$65.00 +0.76 (+1.18%)

Closing price 04:00 PM Eastern

Extended Trading

$65.06 +0.06 (+0.08%)

As of 05:44 PM Eastern

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

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

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

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

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

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

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%

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%

Financials Breakdown Chart

Key Financial Trends

Peoples Financial Services (NASDAQ: PFIS) showed a sharp turnaround in 2024, but the latest full-year results still point to a business under pressure from higher funding costs, a large restructuring charge, and deposit outflows. Earnings recovered strongly in Q4 after a loss in Q3, yet profitability for the year was still inconsistent and the balance sheet expanded significantly following the merger with FNCB.

Q4 earnings rebounded strongly: PFIS generated $6.1 million in net income in Q4 2024, versus a $4.3 million loss in Q3 2024.
Net interest income improved sequentially: NII rose to $38.5 million in Q4 from $39.2 million in Q3, but the bigger story is that the company returned to solid profitability after a weak third quarter.
Operating cash flow was positive in every 2024 quarter shown: PFIS produced $3.3 million in Q4, $25.6 million in Q3, $1.7 million in Q2, and $3.2 million in Q1.
Loan growth was substantial year over year: Net loans and leases increased from about $3.23 billion in Q2 2024 to $4.03 billion in Q3 2024 and $4.03 billion in Q4 2024, reflecting a much larger post-merger balance sheet.
Non-interest income held up in Q4: PFIS booked $5.7 million in non-interest income, supported by $11.1 million of service charges, even though other non-interest income was negative.
Net interest margin pressures appear to remain an issue: Interest expense stayed elevated, with Q4 deposits interest expense at $24.7 million, limiting the benefit of higher interest income.
Q4 included a major restructuring charge: The company recorded a $5.0 million restructuring charge, which weighed on operating results and suggests ongoing integration or efficiency efforts.
Loan-loss provision normalized lower in Q4: Provision expense fell to $3.4 million from $14.5 million in Q3, which helped earnings recover, though credit costs remain meaningful.
Capital and asset quality cushions improved on paper: Total common equity rose to $475.1 million at Q3 2024 from $340.8 million at Q2 2024, though that increase came alongside the merger and balance sheet expansion.
Deposits declined sharply in Q4: Net change in deposits was -$231.6 million in Q4 2024, a notable outflow that adds funding pressure.
Financing cash flow was deeply negative in Q4: Net cash from financing activities was -$272.5 million, driven largely by deposit contraction and dividend payments.
Q3 2024 was unprofitable: PFIS reported a $4.3 million net loss in Q3, showing that earnings volatility remains high.
Other non-interest income was volatile and sometimes negative: Q4 other non-interest income was -$5.7 million, which suggests lumpy or non-recurring items are affecting results.
The balance sheet became much more leveraged to intangibles and other assets: Q3 2024 “other assets” jumped to $850.9 million from $212.4 million in Q2, consistent with merger-related accounting but worth watching for integration risk.

Bottom line: PFIS appears to be in a transition period. The merger appears to have increased scale and helped earnings recover in Q4, but the company is still dealing with deposit instability, elevated funding costs, and merger-related charges. For retail investors, the key question is whether management can convert the larger asset base into steadier earnings and better deposit retention over the next several quarters.

06/24/26 10:14 PM ETAI Generated. May Contain Errors.

Peoples Financial Services Financials - Frequently Asked Questions

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

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. View Peoples Financial Services' forecast to see where analysts expect Peoples Financial Services to go next.

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%.

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.

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.

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%.

Related Companies

Financial statements for NASDAQ:PFIS last updated on 4/6/2025 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Peoples Financial Services (PFIS) Financials

Financials Breakdown Chart

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Peoples Financial Services Financials - Frequently Asked Questions

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Peoples Financial Services (PFIS) Financials

Annual Income Statements for Peoples Financial Services

Quarterly Income Statements for Peoples Financial Services

Annual Cash Flow Statements for Peoples Financial Services

Quarterly Cash Flow Statements for Peoples Financial Services

Annual Balance Sheets for Peoples Financial Services

Quarterly Balance Sheets for Peoples Financial Services

Annual Metrics And Ratios for Peoples Financial Services

Quarterly Metrics And Ratios for Peoples Financial Services

Financials Breakdown Chart

Key Financial Trends

Peoples Financial Services Financials - Frequently Asked Questions

When does Peoples Financial Services' financial year end?

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

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

How much debt does Peoples Financial Services have?

How much cash does Peoples Financial Services have?

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

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