---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-013045"
form_type: "8-K"
ticker: "PFBX"
cik: "0000770460"
company_name: "PEOPLES FINANCIAL CORP /MS/"
filed_at: "2024-04-24T23:59:59+00:00"
generated_at: "2026-06-03T10:30:43.042213+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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%.

## SEC filing metadata
- accession: 0001437749-24-013045
- form_type: 8-K
- ticker: PFBX
- cik: 0000770460
- company_name: PEOPLES FINANCIAL CORP /MS/
- filed_at: 2024-04-24T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/770460/000143774924013045/0001437749-24-013045-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/770460/000143774924013045/pfbx20240422_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-013045
- JSON: https://secwatch.observer/filing/0001437749-24-013045.json
- Plain text: https://secwatch.observer/filing/0001437749-24-013045.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/770460/000143774924013045/0001437749-24-013045-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.