secwatch.observer — SEC 8-K summary
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Issuer:     PEOPLES FINANCIAL CORP /MS/ (PFBX)
CIK:        0000770460
Form:       8-K
Filed at:   2022-10-26T23:59:59+00:00
Accession:  0001437749-22-024796
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Peoples Financial Q3 net income up 58% to $1.75M; equity drops 50% on AFS unrealized losses
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- Q3 2022 net income $1.75M ($0.37 EPS) vs $1.11M ($0.23 EPS) in Q3 2021, a 58% increase.
- Nine-month net income fell 40.7% to $3.69M ($0.79 EPS) from $6.23M ($1.28 EPS) due to prior-year non-recurring loan recovery.
- Shareholders' equity dropped 49.5% to $47.7M from $94.4M, driven by $45.1M unrealized losses on AFS securities from rising rates.
- Cash dividend of $0.10 per share declared, payable Nov 10, 2022 to holders of record Nov 7.
- Acquired Trustmark corporate trust business for $650k, closed Aug 15, 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/770460/000143774922024796/0001437749-22-024796-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/770460/000143774922024796/pfbx20221025_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-22-024796

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