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Peoples Financial Services Corp   (PFIS)
Other Ticker:  
 
    Sector  Financial    Industry Commercial Banks
   Industry Commercial Banks
   Sector  Financial
 
Price: $39.8100 $-1.83 -4.395%
Day's High: $41.44 Week Perf: -1.58 %
Day's Low: $ 39.81 30 Day Perf: -7.4 %
Volume (M): 12 52 Wk High: $ 49.99
Volume (M$): $ 466 52 Wk Avg: $42.94
Open: $41.44 52 Wk Low: $30.60



 Market Capitalization (Millions $) 285
 Shares Outstanding (Millions) 7
 Employees 348
 Revenues (TTM) (Millions $) 100
 Net Income (TTM) (Millions $) 27
 Cash Flow (TTM) (Millions $) 150
 Capital Exp. (TTM) (Millions $) 6

Peoples Financial Services Corp

Peoples Financial Services Corp., a bank holding company incorporated under the laws of Pennsylvania, provides a full range of financial services through its wholly-owned subsidiary, Peoples Security Bank and Trust Company, including its subsidiary, Peoples Advisors, LLC. On November 30, 2013, Penseco Financial Services Corporation, a financial holding company incorporated under the laws of Pennsylvania, referred to as “Penseco,” merged with and into Peoples Financial Services Corp., with Peoples Financial Services Corp. being the surviving corporation, pursuant to an Agreement and Plan of Merger dated June 28, 2013. Such transaction is sometimes referred to in this annual report as the “Penseco merger” and such agreement as the “Penseco merger agreement.” In connection with the Penseco merger, on December 1, 2013, Penseco’s former banking subsidiary, Penn Security Bank and Trust Company, merged with and into Peoples Neighborhood Bank, and the resulting institution adopted the name, “Peoples Security Bank and Trust Company.”


Peoples Bank is a state-chartered bank and trust company under the jurisdiction of the Pennsylvania Department of Banking and Securities and the Federal Deposit Insurance Corporation, or “FDIC.” Peoples Bank’s twenty-four community banking offices, all similar with respect to economic characteristics, share a majority of the following aggregation criteria: products and services; operating processes; customer bases; delivery systems; and regulatory oversight. Accordingly, they are aggregated into a single operating segment.


Peoples Advisors, LLC, provides investment advisory services through a third party to individuals and small businesses. Peoples Advisors, LLC did not meet the quantitative thresholds for required segment disclosure.

Our primary products are loans to small- and medium-sized businesses. Other lending products include one-to-four family residential mortgages and consumer loans. We fund our loans, primarily, by offering open time deposits to commercial enterprises and individuals. Other deposit products include certificates of deposits and various demand deposit accounts.


Lending Activities
We provide a full range of retail and commercial lending products designed to meet the borrowing needs of consumers and small- and medium-sized businesses in our market areas. A significant amount of our loans are to customers located within our market area. We have no foreign loans or highly leveraged transaction loans, as defined by the Federal Reserve Board. Although we participate in loans originated by other banks, we have originated the majority of loans in our portfolio.
Our retail lending products include the following types of loans, among others: residential real estate; automobiles; manufactured housing; personal; student; home equity, and credit card. Our commercial lending products include the following types of loans, among others: commercial real estate; working capital; equipment and other commercial needs; construction; Small Business Administration, and agricultural and mineral rights. The terms offered on a loan vary depending primarily on the type of loan and credit-worthiness of the borrower.


Payment risk is a function of the economic climate in which our lending activities are conducted. Economic downturns in the economy generally or in a particular sector could cause cash flow problems for customers and make loan payments more difficult. We attempt to minimize this risk by not being exposed to loan concentrations of a single customer or a group of customers, the loss of any one or more of whom would have a materially adverse effect on its financial condition. One element of interest rate risk arises from our fixed rate loans in an environment of changing interest rates. We attempt to mitigate this risk by making adjustable rate commercial loans and by limiting repricing terms to five years or less for customers requiring fixed rate loans. Our lending activity also exposes us to risks that any collateral we take as security is not adequate. We attempt to manage collateral risk by avoiding loan concentrations to particular borrowers, by perfecting liens on collateral and by obtaining appraisals on property prior to extending loans. We attempt to mitigate our exposure to these and other types of risks by stratifying authorization requirements by loan size and complexity.


We generate interest income from our loan and securities portfolios. Other income is generated primarily from merchant transaction fees, trust fees and service charges on deposit accounts. Our primary costs are interest paid on deposits and borrowings and general operating expenses. We provide a variety of commercial and retail banking services to business, non-profits, governmental, municipal agencies and professional customers, as well as retail customers, on a personalized basis. Our primary lending products are real estate, commercial and consumer loans. We also offer ATM access, credit cards, active investment accounts, trust department services and other various lending, depository and related financial services. Our primary deposit products are savings and demand deposit accounts and certificates of deposit.
We are not dependent upon a single customer, or a few customers, the loss of one or more of which would have a material adverse effect on our operations. In the ordinary course of our business, our operations and earnings are not materially affected by seasonal changes or by Federal, state or local environmental laws or regulations.

We offer a variety of loans including commercial, residential and consumer loans as described above. The consumer portfolio includes automobile loans, educational loans and lines of credit.

We intend to continue to evaluate commercial real estate, commercial business and governmental lending opportunities, including small business lending. We continue to proactively monitor and manage existing credit relationships.



   Company Address: 150 North Washington Avenue Scranton 18503 PA
   Company Phone Number: 346-7741   Stock Exchange / Ticker: NASDAQ PFIS
   


Customers Net Income fell by PFIS's Customers Net Profit Margin fell to

-4.36 %

11.29 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
BAC        0.14% 
C        2.05% 
COF   -2.85%    
JPM        1.49% 
PNC   -0.91%    
WFC        0.28% 
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Peoples Financial Services Corp

2. Market Skepticism and Share Price Fluctuations: The Ongoing Challenges Facing Peoples Financial Services Corp



Peoples Financial Services Corp, a commercial bank, has recently released its financial results for the fourth quarter of 2023, which indicate a significant deterioration in key metrics. With a sharp decline in earnings per share (EPS), profit, and revenue, combined with decreasing net margins and operating earnings, the company's poor performance warrants a cautious and bearish perspective. Additionally, the recent fluctuation in share prices indicates ongoing market skepticism towards Peoples Financial Services Corp.
Deteriorating Financial Performance
Peoples Financial Services Corp's EPS saw a steep decline of -59.48% in the fourth quarter of 2023, falling to $0.52 per share compared to $1.27 in the preceding year. Similarly, profit plummeted by -45.72% from $0.95 to $0.52 per share in the prior reporting season. The downward spiral continued with a revenue decline of -21.25%, dropping to $21.88 million from $27.79 million in the same reporting season of the previous year. Sequentially, revenue deteriorated by -12.938% from $25.14 million.

Peoples Financial Services Corp

Revamping Against All Odds: Peoples Financial Services Corp Survives Challenging Business Landscape until September 30, 2023

Peoples Financial Services Corp (PFIS) is a company operating in the Commercial Banks sector. In the most recent fiscal period, the company's earnings per share (EPS) experienced a decline of -31.16%, dropping to $0.95 per share. This decrease in EPS can be attributed to a revenue decrease of -9.797% to $25.14 million, year on year.
Comparing PFIS with the rest of the Commercial Banks sector, it is evident that while PFIS experienced a decline in revenue, the sector as a whole posted a top-line gain of 7.38% in the third quarter of 2023 compared to the same reporting period a year ago. This suggests that PFIS is not performing as well as its industry peers.
In the previous reporting period, PFIS achieved a revenue of $27.85 million and a bottom line of $1.31 per share. This indicates a decline in profitability in the most recent fiscal period, with the bottom-line dropping by -32.32% to $6.746 million. This is a significant decrease from the $9.968 million in the corresponding period a year before.

Peoples Financial Services Corp

Peoples Financial Services Corp Surges to New Heights with 4.546% Revenue Increase in Q2 2023

Peoples Financial Services Corp Reports Revenue Increase of 4.546% in Q2 2023
Peoples Financial Services Corp, a commercial bank, has reported its financial results for the fiscal three months ending June 30, 2023. The company announced a revenue increase of 4.546% to $27.85 million from $26.64 million during the same quarter a year prior.
Moreover, Peoples Financial Services Corp has shown a slight increase in earnings per share (EPS), with a growth of 0.77% to $1.31, compared to $1.30 in the prior year quarter. In the previous quarter, the company had reported a revenue of $25.45 million and a bottom line of $1.05 per share.

Peoples Financial Services Corp

Lackluster Quarter Raises Concerns for Peoples Financial Services Corp Amidst Revenue Downturn Struggling to Sustain Profitability: Peoples Financial Services Corp Faces Challenges in Recent Financial Reports 3) Declining Revenue and Deteriorating Ranking Signal Troubling Times for Peoples Financial Services Corp 4) Peoples Financial Services Corp Strives to Improve Efficiency amidst Revenue Per Employee Decline 5) Falling Behind Peers: Peoples Financial Services Corp's Ranking Drops, Highlighting Revenue and Profitability Issues

Peoples Financial Services Corp is a financial institution that provides banking services to retail and commercial customers in the United States. It operates through two segments: community banking and trust services. The company is based in Pennsylvania and has over 30 branches across the state.
Recent financial reports show that Peoples Financial Services Corp is facing some challenges in maintaining its profitability. The company's revenue per employee fell on a trailing twelve month basis to $309,612, which is lower than the average for its peers in the financial sector. However, the productivity of its employees remained above the company average, indicating that the bank is making efforts to improve its efficiency and reduce costs.
Despite these efforts, Peoples Financial Services Corp's overall ranking has deteriorated compared to the previous quarter, from 1038 to 1733. This means that other companies in the same sector are performing better in terms of revenue growth and profitability.






 

Peoples Financial Services's Segments
 
 
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