earnings
confidence high
sentiment positive
materiality 0.65
Peoples Financial Q2 net income $9.4M ($1.30/diluted), up 10.2% YoY
PEOPLES FINANCIAL SERVICES CORP.
2022-Q2 EPS reported
$2.63
- Net income $9.4M, diluted EPS $1.30; six-month net income $19.0M, EPS $2.63 (record first-half).
- Non-PPP loan growth of $278.3M (24.8% annualized) in H1 2022; provision for loan losses $1.0M in Q2.
- Dividend paid $0.78/share in H1 2022, up 5.4% YoY.
- Net interest margin (tax-equiv) improved to 3.06% in Q2 from 2.96% in Q2 2021.
- Nonperforming assets improved to 0.18% of loans at June 30, 2022.