Peoples Financial Q1 net income $2.6M, EPS $0.56, up from $0.20; declares 20% dividend increase

PEOPLES FINANCIAL CORP /MS/

Net income $2,623,000 ($0.56/sh) vs $924,000 ($0.20/sh) in Q1 2022.
Net interest income rose $2.27M to $7.05M, driven by higher rates on securities and fed funds.
Dividend increased 20% to $0.12/sh; payable May 5, 2023 to holders of record May 2.
Bank capital strong: leverage 10.09%, total risk-based capital 21.68%.
Unrealized losses on AFS securities improved to $42.9M from $47.9M at year-end.

item 2.02 item 9.01

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 first quarter of 2023 results: net income $2,623,000, EPS $0.56.

Period: the first quarter of 2023
Net income: $2,623,000
EPS: $0.56
Result: reported results

Exact text from the filing

Net income for the first quarter of 2023 was $2,623,000 compared to net income of $924,000 for the first quarter of 2022. The earnings per weighted average common share for the first quarter of 2023 was $0.56 compared to earnings per weighted average common share of $0.20 for the first quarter of 2022.

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Source: SEC EDGAR

accession 0001437749-23-010732

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