---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-001800"
form_type: "8-K"
ticker: "PFBX"
cik: "0000770460"
company_name: "PEOPLES FINANCIAL CORP /MS/"
filed_at: "2023-01-26T23:59:59+00:00"
generated_at: "2026-06-20T08:48:58.238717+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Peoples Financial Q4 net income $5.25M ($1.12 EPS); equity down 40% on unrealized losses

## Summary
- 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.

## SEC filing metadata
- accession: 0001437749-23-001800
- form_type: 8-K
- ticker: PFBX
- cik: 0000770460
- company_name: PEOPLES FINANCIAL CORP /MS/
- filed_at: 2023-01-26T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/770460/000143774923001800/0001437749-23-001800-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/770460/000143774923001800/pfbx20230124_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-001800
- JSON: https://secwatch.observer/filing/0001437749-23-001800.json
- Plain text: https://secwatch.observer/filing/0001437749-23-001800.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/770460/000143774923001800/0001437749-23-001800-index.htm
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/770460/000143774923001800/0001437749-23-001800-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.