PEOPLES FINANCIAL SERVICES CORP.

For the period ended Jan 30, 2026. Filed Jan 30, 2026.

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A notice of a major event between regular reports, such as results, a deal or a change of executives. It is often the first formal record of the news.

Jan 30, 2026 · Filed Jan 30, 2026

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PFIS$72.24-1.0%Stored close · as of Nov 6, 2026

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Contents

EX-99.1 · (In thousands, except per share data)

(In thousands, except per share data)


· · Dec 31 · · Dec 31
Year ended · · 2025 · · 2024
Interest income:
Interest and fees on loans:
Taxable	$228,868	$184,907
Tax-exempt	8,356	7,354
Interest and dividends on investment securities:
Taxable	17,444	12,930
Tax-exempt	2,040	1,550
Dividends	160	89
Interest on interest-bearing deposits in other banks	405	498
Interest on federal funds sold	2,424	4,132
Total interest income	259,697	211,460
Interest expense:
Interest on deposits	81,174	87,934
Interest on short-term borrowings	1,287	2,031
Interest on long-term debt	5,562	3,317
Interest on subordinated debt	4,967	1,774
Interest on junior subordinated debt	745	415
Total interest expense	93,735	95,471
Net interest income	165,962	115,989
Provision for credit losses	98	19,131
Net interest income after provision for credit losses	165,864	96,858
Noninterest income:
Service charges, fees, commissions and other	13,618	10,673
Merchant services income	1,299	896
Commissions and fees on fiduciary activities	2,267	2,270
Wealth management income	2,958	2,118
Mortgage banking income	549	389
Increase in cash surrender value of life insurance	2,076	1,572
Interest rate swap income	1,107	285
Net gains on equity investments	168	132
Net (losses) gains on sale of investment securities available for sale	(2,241)	1
Net loss on sale of fixed assets	(74)
Total noninterest income	21,727	18,336
Noninterest expense:
Salaries and employee benefits expense	56,341	45,746
Net occupancy and equipment expense	27,448	22,296
Acquisition related expenses	236	16,200
Amortization of intangible assets	6,397	3,367
FDIC insurance and assessments	3,288	3,158
Other expenses	21,647	15,959
Total noninterest expense	115,357	106,726
Income before income taxes	72,234	8,468
Income tax expense (benefit)	13,047	(30)
Net income	$59,187	$8,498
Other comprehensive income:
Unrealized gains on investment securities available for sale	$17,574	$2,569
Reclassification adjustment for losses (gains) on available for sale securities included in net income	2,241	(1)
Change in pension liability	674	1,518
Change in derivative fair value	(64)	632
Income tax expense related to other comprehensive income	4,421	1,062
Other comprehensive income, net of income tax expense	16,004	3,656
Comprehensive income	$75,191	$12,154
Share and per share amounts:
Net income - basic	$5.92	$1.00
Net income - diluted	5.88	0.99
Cash dividends declared	$2.47	$2.06
Average common shares outstanding - basic	9,994,281	8,531,122
Average common shares outstanding - diluted	10,073,996	8,586,035

ContentsView on SEC.gov

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