Peoples Financial Services Corp. reported its financial results for the second quarter of 2025, highlighting a net income of $17 million, or $1.68 per diluted share, for the three months ended June 30, 2025. This represents an increase from the previous quarter's diluted earnings per share of $1.49. The company achieved a return on average assets (ROAA) of 1.36% and a return on average tangible common equity (ROATCE) of 17.7%. The net interest margin (FTE) was reported at 3.69%, with an efficiency ratio of 53.9%. Peoples Financial Services Corp. completed its merger with FNCB on July 1, 2024, which has led to increased scale, diversified earnings, and an improved liquidity position. The Q2 2025 results reflect the successful execution of merger initiatives, including the realization of cost savings and purchase accounting accretion. Total deposits amounted to $4.3 billion, with a total cost of deposits at 1.91%. Non-maturity deposits comprised $3.6 billion, or 83.3% of total deposits. Additionally, the company reported a tangible book value per share increase of $1.40 quarter-over-quarter to $38.75. Peoples Financial Services Corp. also completed a private placement of $85.0 million of subordinated notes to bolster capital ratios and redeemed $33.0 million of subordinated notes due in June 2030.