{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-25-124540","form_type":"8-K","ticker":"PFIS","cik":"0001056943","company_name":"PEOPLES FINANCIAL SERVICES CORP.","filed_at":"2025-12-29T23:59:59+00:00","discovered_at":"2026-05-14T18:02:38.680333+00:00","generated_at":"2026-05-16T12:04:04.593913+00:00","sec_items":["8.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Peoples Financial Services completes $78.6M investment portfolio repositioning, expects $2.8M income improvement","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-25-124540","json":"https://secwatch.observer/filing/0001104659-25-124540.json","markdown":"https://secwatch.observer/filing/0001104659-25-124540.md","text":"https://secwatch.observer/filing/0001104659-25-124540.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1056943/000110465925124540/0001104659-25-124540-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1056943/000110465925124540/tm2534373d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T12:04:04.593913+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}