Overview

• Peoples Financial Q2 net income rises to $17 mln, driven by higher net interest income

• EPS for Q2 increases to $1.68 from $1.49 in Q1, reflecting strong performance

• Company issues $85 mln in new subordinated notes, enhancing capital structure

Outlook

• Company does not provide specific future guidance in this release

Result Drivers

• NET INTEREST INCOME - Higher net interest income driven by increased interest-earning assets and purchase accounting accretion post-FNCB merger

• CREDIT LOSSES - Lower provision for credit losses due to net recoveries and reduced nonperforming loans

• NONINTEREST INCOME - Increase in noninterest income from service charges, fees, and asset sales

Key Details

Press Release: ID:nPn8395LQa

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)