Peoples Financial Corporation (PFBX) is a bank holding company headquartered in Biloxi, Mississippi, that operates through its wholly owned subsidiary, The Peoples Bank, Biloxi, Mississippi. The company was organized as a one-bank holding company in 1985 and conducts all of its banking business through that single subsidiary. Net interest income, the spread between interest earned on loans and securities and interest paid on deposits, is the primary earnings driver. As of December 31, 2025, total deposits averaged $655.1 million, with interest-bearing demand deposits averaging $377.8 million at a 1.71% rate and time deposits averaging $42.6 million at a 2.80% rate. The weighted average rate earned on earning assets was 4.06% in FY2025, against a weighted average rate paid on funds of 1.63%, producing the net interest margin. The Bank also operates an Asset Management and Trust Department, located at 758 Howard Avenue, Biloxi, MS. Operations are confined entirely to the state of Mississippi.

Revenue model

Net interest income from loans and investment securities, funded by deposits and borrowings. Secondary revenue from trust and asset management fees. All deposits are domestic (FY2025, 10-K filed 2026-03-18).

Products and services

Commercial banking services including demand deposits (non-interest bearing and interest bearing), savings deposits, time deposits, loans, and investment securities (available-for-sale and held-to-maturity). Asset management and trust services through the Bank's Trust Department.

Customers and end markets

Retail and commercial deposit customers in Mississippi. Trust and asset management clients served through the Biloxi, MS trust department. No customer concentration data disclosed in the filing excerpts.

Value-chain role

Community bank and one-bank holding company. Accepts deposits, deploys capital into loans and securities, and earns a net interest spread. Provides trust and asset management services as a secondary activity.

Geographic exposure

Operates exclusively in Mississippi as of December 31, 2025. Branch locations include Biloxi (headquarters and multiple offices), Bay St. Louis, Cedar Lake, and Diamondhead.

Source: SEC 10-K, filed 2026-03-18

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