Peoples Financial Services Corp. (PFIS)

PFIS Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	168.13	134.64	100.59	86.45	87.42	86.8
Interest Income on Investments	17.6	15.21	10.75	7.61	6.71	6.58
Total Interest Income	185.73	149.85	111.33	94.06	94.13	93.38
Interest Paid on Deposits	81.97	58.56	12.63	7.31	11.74	15
Interest Paid on Borrowings	6.01	4.54	2.95	2.11	2.59	2.87
Total Interest Expense	87.98	63.1	15.59	9.42	14.32	17.87
Net Interest Income	97.75	86.75	95.75	84.64	79.8	75.51
Net Interest Income Growth (YoY)	7.53%	-9.39%	13.13%	6.06%	5.68%	5.85%
Trust Income	4.13	3.8	3.66	3.81	3.41	3.61
Mortgage Banking Activities	0.36	0.39	0.51	0.98	1.6	0.6
Gain (Loss) on Sale of Investments	0.16	0.07	-2.01	12.16	0.91	0.16
Other Non-Interest Income	11.23	9.88	9.68	8.7	10.73	10.75
Total Non-Interest Income	15.88	14.13	11.85	25.64	16.64	15.12
Non-Interest Income Growth (YoY)	30.76%	19.32%	-53.80%	54.04%	10.07%	10.70%
Revenues Before Loan Losses	113.63	100.89	107.59	110.27	96.44	90.63
Provision for Loan Losses	17.43	0.57	-0.45	1.75	7.4	6.1
Revenue	96.2	100.32	108.04	108.52	89.04	84.53
Revenue Growth (YoY)	-9.50%	-7.15%	-0.44%	21.87%	5.34%	4.62%
Salaries and Employee Benefits	38.28	34.4	32.82	28.89	30.14	30.46
Occupancy Expenses	19.21	16.15	15.58	12.09	12.11	11.24
Federal Deposit Insurance	2.47	2.13	1.3	1.12	0.87	0.65
Amortization of Goodwill & Intangibles	1.68	0.11	0.36	0.49	0.61	0.73
Selling, General & Administrative	5.99	5.24	5.39	4.32	3.28	4.21
Other Non-Interest Expense	7.93	6.38	6.32	6.88	6.5	6.9
Total Non-Interest Expense	77.29	66	62.68	55	54.87	55.64
EBT Excluding Unusual Items	18.91	34.32	45.37	53.52	34.18	28.89
Pretax Income	6.87	32.5	45.37	53.52	34.18	28.89
Income Tax Expense	0.83	5.12	7.28	10	4.82	3.16
Net Income	6.04	27.38	38.09	43.52	29.35	25.74
Net Income to Common	6.04	27.38	38.09	43.52	29.35	25.74
Net Income Growth	-81.63%	-28.12%	-12.48%	48.26%	14.06%	3.27%
Basic Shares Outstanding	8	7	7	7	7	7
Diluted Shares Outstanding	8	7	7	7	7	7
Shares Change (YoY)	9.38%	-0.83%	-0.33%	-1.40%	-1.01%	0.13%
EPS (Basic)	0.78	3.85	5.31	6.05	4.02	3.48
EPS (Diluted)	0.78	3.83	5.28	6.02	4.00	3.47
EPS Growth	-83.07%	-27.46%	-12.29%	50.50%	15.27%	3.01%
Dividend Per Share	1.847	1.640	1.580	1.500	1.440	1.370
Dividend Growth	13.34%	3.80%	5.33%	4.17%	5.11%	4.58%
Effective Tax Rate	12.07%	15.76%	16.04%	18.68%	14.11%	10.92%

Source: S&P Capital IQ. Banks template. Financial Sources.