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
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 EPS | $1.68 | ||
Q2 Net Income | $17 mln | ||
Q2 Net Interest Income | $42.20 mln | ||
Q2 Adjusted Net Interest Margin | 3.7% |
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.)