Peoples Financial Q3 net income jumps to $15.4M on $15.2M deferred tax asset reversal; pre-tax income falls 40%

PEOPLES FINANCIAL CORP /MS/

2024-Q3 EPS reported $4.33

Q3 2024 net income $15.4M ($3.31 EPS) vs $1.9M ($0.41 EPS) a year ago; includes $15.2M one-time tax benefit from valuation allowance reversal.
Pre-tax income fell to $1.3M from $2.2M due to $1.1M increase in interest expense from higher deposit rates.
Nine-month net income $20.2M ($4.33 EPS) vs $7.4M ($1.59 EPS); excluding tax benefit, pre-tax income down 28% to $6.5M.
Unrealized losses on AFS securities declined to $32.1M from $50.7M a year ago; bank leverage ratio strong at 13.48%.
Deposits decreased $22.4M since year-end 2023 to $666.1M; gross loans up $9.6M to $239.3M.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.