secwatch.observer — SEC 8-K summary
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Issuer:     PEOPLES FINANCIAL SERVICES CORP. (PFIS)
CIK:        0001056943
Form:       8-K/A
Filed at:   2024-09-16T23:59:59+00:00
Accession:  0001104659-24-100181
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.65
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Peoples files pro forma financials for FNCB merger; $133.7M purchase price, $15.1M goodwill
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- Total purchase price $133.7M using 0.146x exchange ratio and Peoples stock at $45.54.
- Pro forma combined total assets $5.3B as of March 31, 2024.
- Pro forma Q1 2024 net income $10.9M; basic EPS $1.10.
- Includes $241.5M balance sheet restructuring: securities sale, FHLB payoff, federal funds.
- Goodwill of $15.1M recorded from the merger.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1056943/000110465924100181/0001104659-24-100181-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1056943/000110465924100181/tm2424066d1_8ka.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-100181

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