Bank Peoples Financial Q2 net income rises to $17 mln

Reuters
Jul 31
Bank Peoples Financial <a href="https://laohu8.com/S/QTWO">Q2</a> net income rises to $17 mln

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.)

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