Peoples Financial Services issues supplemental merger proxy with EPS forecasts for 2023-2028

PEOPLES FINANCIAL SERVICES CORP.

Received three demand letters from Peoples shareholders and two from FNCB shareholders alleging disclosure deficiencies.
Voluntarily supplementing proxy with mean analyst EPS estimates: $4.15 (2023) and $3.26 (2024) for Peoples; $0.74, $0.70, $0.81 for FNCB.
Long-term EPS growth rate assumptions: Peoples 22.1% for 2025, 10.0% for 2026-2027, 5.0% for 2028; FNCB 3.0% for 2026-2028.
Special meetings remain scheduled for March 22, 2024; boards continue to recommend approval.

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