secwatch.observer — SEC 8-K summary
======================================

Issuer:     PEOPLES FINANCIAL CORP /MS/ (PFBX)
CIK:        0000770460
Form:       8-K
Filed at:   2023-01-26T23:59:59+00:00
Accession:  0001437749-23-001800
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/770460/000143774923001800/0001437749-23-001800-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/770460/000143774923001800/pfbx20230124_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-001800

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer