Peoples Financial Services completes $78.6M investment portfolio repositioning, expects $2.8M income improvement

PEOPLES FINANCIAL SERVICES CORP.

Sold $78.6M book value of low-yield U.S. Treasury AFS bonds (weighted avg yield 1.18%, life 1.2 years) for net proceeds ~$76.1M.
Realized after-tax loss of $1.85M in Q4 2025; proceeds used to buy higher-yield AFS securities (avg yield 4.67%, duration 10.5 years).
Expects to recover the loss in ~10 months and improve interest income by ~$2.8M over next 12 months.
Transaction had no impact on stockholders' equity or book value per share; capital levels remain well above well-capitalized thresholds.

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