Peoples Financial reports 2023 net income $9.17M ($1.96 EPS), third best year; annual meeting Apr 24

PEOPLES FINANCIAL CORP /MS/

2024-FY EPS reported $1.96

Full-year net income rose to $9.17M from $8.94M in 2022; EPS increased to $1.96 from $1.91.
Q4 net income was $1.72M vs $5.25M last year, due to a $2.45M nonrecurring deferred tax benefit in Q4 2022.
Net interest income for 2023 increased $4.92M to $26.47M driven by higher rates and loan income.
Efficiency ratio improved to 67% from 77%; return on average assets rose to 1.10% from 1.06%.
Annual meeting of shareholders scheduled for April 24, 2024.

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 1.0

PEOPLES FINANCIAL CORP /MS/ reported for the fourth quarter ending December 31, 2023 results: net income $1,723,000, EPS $0.37.

Period: for the fourth quarter ending December 31, 2023
Net income: $1,723,000
EPS: $0.37
Result: reported results

Exact text from the filing

Net income for the fourth quarter of 2023 was $1,723,000 compared to net income of $5,250,000 for the fourth quarter of 2022. The earnings per weighted average common share for the fourth quarter of 2023 were $0.37 compared to earnings per weighted average common share of $1.12 for the fourth quarter of 2022.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

PEOPLES FINANCIAL CORP /MS/ reported for the year ended December 31, 2023 results: net income $9,166,000, EPS $1.96.

Period: for the year ended December 31, 2023
Net income: $9,166,000
EPS: $1.96
Result: reported results

Exact text from the filing

Net income for the year ended December 31, 2023 increased $225,000 to $9,166,000 compared to net income of $8,941,000 for the year ended December 31, 2022. The earnings per weighted average common share for the year ended December 31, 2023 were $1.96 compared to earnings per weighted average common share of $1.91 for the year ended December 31, 2022.

View on SEC.gov

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Source: SEC EDGAR

accession 0001437749-24-002078

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