Peoples Financial Q1 net income down 8% to $2.4M, announces $1M stock buyback

PEOPLES FINANCIAL CORP /MS/

2025-Q1 EPS reported $0.52

Net income $2.415M ($0.52 diluted EPS) vs $2.623M ($0.56) in Q1 2023, down 8%.
Net interest income fell $357K to $6.693M; higher rates boosted interest income but interest expense surged.
Board approved stock repurchase up to $1M or ~64K shares; shares will be retired.
Total deposits increased $123M to $811.5M, driven by government tax collections and new public fund customers.
Unrealized losses on AFS securities rose to $40.9M; Bank leverage ratio remains strong at 11.48%.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

PEOPLES FINANCIAL CORP /MS/ reported the first quarter ending March 31, 2024 results: net income $2,415,000, EPS $0.52.

Period: the first quarter ending March 31, 2024
Net income: $2,415,000
EPS: $0.52
Result: reported results

Exact text from the filing

Peoples Financial Corporation (the “Company”)(OTCQX Best Market: PFBX), parent of The Peoples Bank (the “Bank”), announced earnings for the first quarter ending March 31, 2024.

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Source: SEC EDGAR

accession 0001437749-24-013045

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