Peoples Financial Services Corp. reported its financial results for the first quarter ending March 31, 2025. The company recorded a total interest income of $62.426 million, which is a notable increase from the $38.997 million reported in the same period last year. This growth is primarily driven by a rise in taxable interest income, which amounted to $55.212 million compared to $34.041 million in the previous year. Interest expense also saw an increase, reaching $22.878 million, up from $19.679 million in the first quarter of 2024. This rise in expenses is largely attributed to higher interest on deposits, which accounted for $20.847 million, compared to $18.704 million in the previous year. The company reported net income per basic share at $1.50, up from $1.49 in the previous year, while the diluted net income per share remained steady at $0.49. In terms of future outlook, the company noted that the operating results and financial position at and for the three months ended March 31, 2025, are not necessarily indicative of the results of operations and financial position that may be expected in the future. No specific guidance or forecast for future periods was provided.