GlobeNewswire·Oct 28, 2026, 4:30 PM ET

Peoples Financial Corporation Reports Third Quarter 2026 Results and Announces a 5.6% Increase in Its Regular Semi-Annual Dividend, From $0.18 to $0.19 per Common Share

PFBX

Peoples Financial Corporation reported third-quarter net income of $1.116 million for 2026, an increase of $473,000 from $643,000 in the same period of 2025.
Earnings per share for the third quarter of 2026 were $0.24, compared to $0.14 in 2025, based on 4,617,466 weighted average shares.
Net interest income rose $560,000 to $5.136 million in Q3 2026, driven by a $327,000 increase in total interest income to $7.237 million.
Total interest expense decreased $233,000 to $2.101 million in Q3 2026 due to lower rates on Federal Home Loan Bank borrowings and reduced costs on deposit accounts.
Net income for the first nine months of 2026 increased $264,000 to $3.459 million, with earnings per share rising to $0.75 from $0.69 in 2025.
Income tax expense for the first nine months of 2026 fell to $350,000 from $763,000, primarily due to a $398,000 discrete tax benefit related to prior-year tax returns.
Return on average assets for the first nine months of 2026 increased 0.07% to 0.61%, while the efficiency ratio rose 1% to 82%.
Shareholders' equity decreased $2.425 million to $98.242 million by September 30, 2026, due to $5.053 million in unrealized losses on the securities portfolio offset by earnings.
The company declared a 5.6% dividend increase to $0.19 per share, payable on November 13, 2026, to shareholders of record as of November 10, 2026.
Total deposits increased $41.722 million to $646.151 million by September 30, 2026, mainly from the addition of public fund deposits.
The leverage ratio remained strong at 14.89% as of September 30, 2026, unaffected by unrealized losses on available-for-sale securities.
Allowance for credit losses on loans ended at $3.132 million in Q3 2026, with nonaccrual loans decreasing to $479,000 from $793,000 in 2025.
Total assets reached $776 million as of September 30, 2026, with The Peoples Bank operating 18 facilities across four Mississippi Gulf Coast counties.