Q3 net income up 6.9% to $1.91M; regular dividend raised 50% plus $0.23 special dividend

PEOPLES FINANCIAL CORP /MS/

2024-Q3 EPS reported $1.59

Q3 2023 net income $1.91M ($0.41 EPS) vs $1.786M ($0.38 EPS) in Q3 2022.
Nine-month net income $7.443M ($1.59 EPS) nearly doubles from $3.802M ($0.81 EPS).
Regular semi-annual dividend increased 50% to $0.18/share; special dividend $0.23/share; payable Nov 17.
Net interest income rose $686K to $6.349M; efficiency ratio improved to 66% from 81%.
Nonaccrual loans fell to $188K from $1.441M; credit loss provision negative $275K.

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 third quarter ending September 30, 2023 results: net income $1,910,000, EPS $0.41.

Period: the third quarter ending September 30, 2023
Net income: $1,910,000
EPS: $0.41
Result: reported results

Exact text from the filing

Net income for the third quarter of 2023 was $1,910,000 compared to net income of $1,786,000 for the third quarter of 2022. The earnings per weighted average common share for the third quarter of 2023 were $0.41 compared to earnings per weighted average common share of $0.38 for the third quarter of 2022.

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PEOPLES FINANCIAL CORP /MS/ filing history →

Source: SEC EDGAR

accession 0001437749-23-029245

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