Peoples Financial Services Corp

pfis.q4ir.com

Peoples Financial Services Corp (NASDAQ: PFIS) is a Pennsylvania-based community banking company that operates through its subsidiary bank to gather deposits and originate loans across northeastern, south-central, and suburban Philadelphia Pennsylvania markets, as well as New Jersey. It earns money primarily through net interest income, the spread between interest collected on loans and investments and interest paid on deposits and borrowings. The bank's loan portfolio includes commercial and industrial, commercial real estate, residential real estate, and equipment financing loans. On July 1, 2024, Peoples completed the acquisition of FNCB Bancorp, adding $1.8 billion in assets, $1.2 billion in loans, and $1.4 billion in deposits. As of FY2023, total average interest-earning assets were $3.5 billion, generating $151.8 million in interest income at an average rate of 4.34 percent. Primary funding comes from customer deposits, supplemented by Federal Home Loan Bank advances and investment portfolio cash flows. The allowance for credit losses stood at 0.96 percent of loans as of December 31, 2025, with a coverage ratio of 344.6 percent.