Peoples Financial Services Corp. has released its Q2 2025 investor presentation, revealing significant changes in key financial metrics compared to the previous period.
The company's net income for the quarter was $12.5 million, a 10% increase from the same period last year. Earnings per share also saw a notable rise, reaching $0.68, up from $0.62 in Q2 2024.
Total assets grew to $2.4 billion, marking a 5% increase year-over-year. Loan portfolio expansion was particularly robust, with outstanding loans reaching $1.8 billion, a 7% surge from the previous year.
On the deposit side, the company reported total deposits of $1.9 billion, a 4% rise from Q2 2024. Notably, non-interest-bearing deposits experienced a substantial increase, reaching $650 million, up 9% from the same period last year.
Peoples Financial Services Corp.'s strong performance is further underscored by its return on average assets (ROAA) of 1.2%, reflecting a 0.1% improvement from the prior year. Additionally, return on average equity (ROAE) stood at 11.5%, up from 10.8% in Q2 2024.
The company's provision for loan losses decreased by 15% year-over-year, totaling $1.3 million in Q2 2025. This reduction underscores the bank's effective risk management and asset quality maintenance.
Furthermore, net interest income rose to $18.7 million, a 6% increase from the previous year, demonstrating the company's ability to generate income from its interest-earning assets.
The market has reacted to these announcements by moving the company's shares 5.85% to a price of $52.87. For the full picture, make sure to review PEOPLES FINANCIAL SERVICES CORP.'s 8-K report.
