8-K
filed January 26, 2023, 6:59 PM ET
ticker PFBX
CIK 0000770460
earnings
confidence high
sentiment neutral
materiality 0.60
Peoples Financial Q4 net income $5.25M ($1.12 EPS); equity down 40% on unrealized losses
PEOPLES FINANCIAL CORP /MS/
2024-FY EPS reported
$1.91
- Q4 net income $5.25M vs $2.43M in Q4 2021; EPS $1.12 vs $0.52, aided by $2.45M deferred tax benefit.
- Full year net income $8.94M vs $8.91M; EPS $1.91 vs $1.84; net interest income up $2.09M to $21.55M.
- Shareholders' equity fell from $91.7M to $55.2M due to $47.4M unrealized losses on AFS securities.
- Bank's leverage ratio remained strong at 10.78%, unaffected by unrealized losses due to regulatory opt-out.
- Acquired corporate trust business from Trustmark for $650k; added ~$150k trust income in 2022.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
PEOPLES FINANCIAL CORP /MS/ reported the fourth quarter of 2022 results: net income $5,250,000, EPS $1.12.
- Period
- the fourth quarter of 2022
- Net income
- $5,250,000
- EPS
- $1.12
- Result
- reported results
Exact text from the filing
Net income for the fourth quarter of 2022 was $5,250,000 compared to net income of $2,432,000 for the fourth quarter of 2021. The earnings per weighted average common share for the fourth quarter of 2022 were $1.12
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
PEOPLES FINANCIAL CORP /MS/ reported the year ended December 31, 2022 results: net income $8,941,000, EPS $1.91.
- Period
- the year ended December 31, 2022
- Net income
- $8,941,000
- EPS
- $1.91
- Result
- reported results
Exact text from the filing
Net income for the year ended December 31, 2022 was $8,941,000 compared to net income of $8,911,000 for the year ended December 31, 2021. The earnings per weighted average common share for the year ended December 31, 2022 were $1.91
View on SEC.gov
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