---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-24-013528"
form_type: "8-K"
ticker: "PFBX"
cik: "0000770460"
company_name: "PEOPLES FINANCIAL CORP /MS/"
filed_at: "2024-10-23T23:59:59+00:00"
generated_at: "2026-05-30T11:17:45.626435+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001558370-24-013528
- form_type: 8-K
- ticker: PFBX
- cik: 0000770460
- company_name: PEOPLES FINANCIAL CORP /MS/
- filed_at: 2024-10-23T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/770460/000155837024013528/0001558370-24-013528-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/770460/000155837024013528/pfbx-20241023x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-24-013528
- JSON: https://secwatch.observer/filing/0001558370-24-013528.json
- Plain text: https://secwatch.observer/filing/0001558370-24-013528.txt

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