Peoples Financial Q2 net income up to $2.91M from $1.09M YoY; EPS $0.62

PEOPLES FINANCIAL CORP /MS/

Net income Q2 2023 $2.91M ($0.62/share) vs $1.09M ($0.23) in Q2 2022; net interest income rose $2.0M to $7.2M.
Six-month 2023 net income $5.53M ($1.18/share) vs $2.02M ($0.43) in 2022; ROA improved to 1.27% from 0.48%.
Nonaccrual loans fell to $87K from $1.44M at Dec 2022; other real estate rose to $952K after foreclosure.
Shareholders' equity increased $9.33M to $64.53M; unrealized losses on AFS securities narrowed $4.44M to $43.48M.

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 0.99

PEOPLES FINANCIAL CORP /MS/ reported first six months of 2023 results: net income $5,533,000, EPS $1.18.

Period: first six months of 2023
Net income: $5,533,000
EPS: $1.18
Result: reported results

Exact text from the filing

Net income for the first six months of 2023 increased $3,517,000 to $5,533,000 compared to net income of $2,016,000 for the first six months of 2022. The earnings per weighted average common share for the first six months of 2023 were $1.18 compared to earnings per weighted average common share of $0.43 for the first six months of 2022.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.99

PEOPLES FINANCIAL CORP /MS/ reported second quarter ending June 30, 2023 results: net income $2,910,000, EPS $0.62.

Period: second quarter ending June 30, 2023
Net income: $2,910,000
EPS: $0.62
Result: reported results

Exact text from the filing

Net income for the second quarter of 2023 was $2,910,000 compared to net income of $1,092,000 for the second quarter of 2022. The earnings per weighted average common share for the second quarter of 2023 was $0.62 compared to earnings per weighted average common share of $0.23 for the second quarter of 2022.

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Source: SEC EDGAR

accession 0001437749-23-020742

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