Peoples Financial Services Corp. (PFIS) Financial Statements (2024 and earlier)

Company Profile

Business Address 150 N WASHINGTON AVE
SCRANTON, PA 18503
State of Incorp. PA
Fiscal Year End December 31
Industry (SIC) 6021 - National Commercial Banks (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments37,97837,64845,33031,57632,90737,488
Cash and cash equivalents37,86837,50845,19231,15332,61637,488
Short-term investments110140138423291 
Prepaid expense      
Intangible current assets 1054689601,5652,2963,178
Debt securities, available-for-sale, amortized cost, excluding accrued interest, after allowance for credit loss  
Total current assets:38,08338,11646,29033,14135,20340,666
Noncurrent Assets
Operating lease, right-of-use asset8,000  6,125
Property, plant and equipment55,66751,50247,04547,93238,88937,557
Long-term investments and receivables 9,6304,0455,39710,2017,462 
Long-term investments 9,6304,0455,39710,2017,462 
Intangible assets, net (including goodwill)63,37063,83864,33064,93565,66664,461
Goodwill63,37063,37063,37063,37063,37063,370
Intangible assets, net (excluding goodwill)  4689601,5652,2961,091
Restricted cash and investments      8,562
Deferred income tax assets18,7395,3553,7683,362
Other noncurrent assets8,1656,395 6,8558,4359,311
Total noncurrent assets:163,571131,135120,540139,410120,452119,891
Other undisclosed assets3,351,8613,200,2322,716,9722,302,7762,133,3382,008,474
TOTAL ASSETS:3,553,5153,369,4832,883,8022,475,3272,288,9932,169,031
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt114,930 50,000152,15086,500123,675
Total current liabilities:114,930 50,000152,15086,500123,675
Noncurrent Liabilities
Other undisclosed liabilities3,123,2353,029,3572,516,9252,024,1671,923,8791,780,380
Total liabilities:3,238,1653,029,3572,566,9252,176,3172,010,3791,904,055
Equity
Equity, attributable to parent315,350340,126316,877299,010278,614264,976
Common stock14,32114,34114,43114,77714,79814,793
Additional paid in capital126,850127,549129,274135,251135,310135,043
Accumulated other comprehensive income (loss)(56,336)(5,514)2,149(3,205)(8,076)(6,213)
Retained earnings230,515203,750171,023152,187136,582121,353
Total equity:315,350340,126316,877299,010278,614264,976
TOTAL LIABILITIES AND EQUITY:3,553,5153,369,4832,883,8022,475,3272,288,9932,169,031

Income Statement (P&L) ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues106,25090,10090,41889,82781,75285,203
Net investment income106,25090,10090,38989,82781,75271,848
Financial services revenue13,355
Cost of revenue (1,750)(7,400)(6,100)(4,200)(4,800)
Provision for loan, lease, and other losses (1,750)(7,400)(6,100)(4,200)
Financial services costs(4,800)
Gross profit:106,25088,35083,01883,72777,55280,403
Operating expenses(19,656)(15,476)(15,537)(14,399)(14,192)(37,678)
Operating income:86,59472,87467,48169,32863,36042,725
Nonoperating income1,6421,6483,095   
Investment income, nonoperating6227592,321   
Bank owned life insurance income1,020889774   
Interest and debt expense(15,585)(9,422)(14,324)(17,868)(13,322)(8,698)
Income from continuing operations before equity method investments, income taxes:72,65165,10056,25251,46050,03834,027
Other undisclosed loss from continuing operations before income taxes(27,285)(11,583)(22,077)(22,569)(21,727)(7,390)
Income from continuing operations before income taxes:45,36653,51734,17528,89128,31126,637
Income tax expense(7,276)(9,998)(4,821)(3,155)(3,391)(8,180)
Income from continuing operations:38,09043,51929,35425,73624,92018,457
Income before gain (loss) on sale of properties:43,51929,35425,73624,92018,457
Net income available to common stockholders, diluted:38,09043,51929,35425,73624,92018,457

Comprehensive Income ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:38,09043,51929,35425,73624,92018,457
Other comprehensive income (loss)(358)1,787(1,083)639(1,863)(957)
Comprehensive income:37,73245,30628,27126,37523,05717,500
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(50,464)(9,450)6,4374,232591 
Comprehensive income (loss), net of tax, attributable to parent:(12,732)35,85634,70830,60723,64817,500

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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