PEOPLES FINANCIAL SERVICES CORP.

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

Apr 30, 2026 · Filed Apr 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)


· · Three Months Ended
· · Mar 31 · · Dec 31 · · Mar 31
· · 2026 · · 2025 · · 2025
Interest income:
Interest and fees on loans:
Taxable	$56,316	$58,576	$55,212
Tax-exempt	2,068	1,658	2,245
Interest and dividends on investment securities:
Taxable	4,035	4,371	4,134
Tax-exempt	1,133	708	396
Dividends	259	32	41
Interest on interest-bearing deposits in other banks	89	95	113
Interest on federal funds sold	804	1,332	285
Total interest income	64,704	66,772	62,426
Interest expense:
Interest on deposits	18,139	19,830	20,847
Interest on short-term borrowings	372	311	225
Interest on long-term debt	1,404	1,665	1,177
Interest on subordinated debt	1,749	1,750	443
Interest on junior subordinated debt	173	182	186
Total interest expense	21,837	23,738	22,878
Net interest income	42,867	43,034	39,548
Provision for credit losses	1,387	975	200
Net interest income after provision (benefit) for credit losses	41,480	42,059	39,348
Noninterest income:
Service charges, fees, commissions and other	3,157	3,164	3,404
Merchant services income	180	163	231
Commissions and fees on fiduciary activities	551	560	537
Wealth management income	646	739	650
Mortgage banking income	241	162	114
Increase in cash surrender value of life insurance	497	472	526
Interest rate swap income	660	718	43
Net gains on equity investments	456	125	71
Net gains (losses) on sale of investment securities available for sale	510	(2,241)
Net (losses) gains on sale of fixed assets		(139)	680
Total noninterest income	6,898	3,723	6,256
Noninterest expense:
Salaries and employee benefits expense	14,517	14,971	13,481
Net occupancy and equipment expense	7,675	7,333	6,610
Acquisition related expenses			154
Amortization of intangible assets	1,517	1,515	1,683
FDIC insurance and assessments	756	683	1,022
Other expenses	5,398	6,562	4,403
Total noninterest expense	29,863	31,064	27,353
Income before income taxes	18,515	14,718	18,251
Income tax expense	3,768	2,742	3,242
Net income	$14,747	$11,976	$15,009
Other comprehensive (loss) income:
Unrealized (loss) gain on investment securities available for sale	$(3,383)	$2,728	$5,572
Reclassification adjustment for net (gains) losses on available for sale securities included in net income	(510)	2,241
Change in benefit plan liabilities		674
Change in derivative fair value	156	50	(148)
Income tax (benefit) expense related to other comprehensive (loss) income	(820)	1,208	1,183
Other comprehensive (loss) income, net of income tax (benefit) expense	(2,917)	4,485	4,241
Comprehensive income	$11,830	$16,461	$19,250
Share and per share amounts:
Net income - basic	$1.47	$1.20	$1.50
Net income - diluted	1.47	1.19	1.49
Cash dividends declared	$0.6250	$0.6175	$0.6175
Average common shares outstanding - basic	10,002,903	9,994,595	9,992,922
Average common shares outstanding - diluted	10,029,213	10,083,044	10,043,186

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