---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-023362"
form_type: "8-K"
ticker: "PFBX"
cik: "0000770460"
company_name: "PEOPLES FINANCIAL CORP /MS/"
filed_at: "2024-07-24T23:59:59+00:00"
generated_at: "2026-05-31T17:40:14.670157+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Peoples Financial Q2 net income falls 20% to $0.50 EPS on higher deposit costs

## Summary
- Net income $2.33M vs $2.91M in Q2 2023; EPS $0.50 vs $0.62.
- Net interest income fell $1.3M to $5.9M as interest expense surged 93% to $2.79M.
- Income tax benefit of $229K vs $811K expense due to release of valuation allowance on tax credits.
- Deposits down $13.6M from year-end to $674.9M due to loss of public fund accounts in bids.
- Unrealized losses on AFS securities improved to $38.9M from $43.5M; leverage ratio 11.84%.

## SEC filing metadata
- accession: 0001437749-24-023362
- form_type: 8-K
- ticker: PFBX
- cik: 0000770460
- company_name: PEOPLES FINANCIAL CORP /MS/
- filed_at: 2024-07-24T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/770460/000143774924023362/0001437749-24-023362-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/770460/000143774924023362/pfbx20240722_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-023362
- JSON: https://secwatch.observer/filing/0001437749-24-023362.json
- Plain text: https://secwatch.observer/filing/0001437749-24-023362.txt

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