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)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments43,68038,56437,97843,51347,85440,447
Cash and cash equivalents43,58838,48337,86843,41047,73340,303
Short-term investments9281110103121144
Prepaid expense1,012     
Debt securities, held-to-maturity, accrued interest, after allowance for credit loss198191    
Intangible current assets   105179276372
Total current assets:44,89038,75538,08343,69248,13040,819
Noncurrent Assets
Operating lease, right-of-use asset   8,000   
Property, plant and equipment57,71256,56155,66754,39453,09451,977
Long-term investments and receivables   9,6304,5028,5373,455
Long-term investments   9,6304,5028,5373,455
Intangible assets, net (including goodwill)63,41863,44763,37063,37063,37063,370
Goodwill63,37063,37063,37063,37063,37063,370
Intangible assets, net (excluding goodwill)4877    
Deferred income tax assets16,25816,01518,73920,79316,26612,303
Other noncurrent assets2,93011,3548,1657,8388,1128,019
Total noncurrent assets:140,318147,377163,571150,897149,379139,124
Other undisclosed assets3,496,5673,492,3393,351,8613,322,2173,224,0303,172,858
TOTAL ASSETS:3,681,7753,678,4713,553,5153,516,8063,421,5393,352,801
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt19,53017,280114,93014,700129,170 
Total current liabilities:19,53017,280114,93014,700129,170 
Noncurrent Liabilities
Other undisclosed liabilities3,330,4583,332,5573,123,2353,200,2962,980,4723,032,340
Total liabilities:3,349,9883,349,8373,238,1653,214,9963,109,6423,032,340
Equity
Equity, attributable to parent331,787328,634315,350301,810311,897320,461
Common stock14,27214,32314,32114,33014,34614,352
Additional paid in capital125,371126,231126,850126,845126,986127,192
Accumulated other comprehensive loss(51,873)(49,442)(56,336)(63,603)(46,574)(31,667)
Retained earnings244,017237,522230,515224,238217,139210,584
Total equity:331,787328,634315,350301,810311,897320,461
TOTAL LIABILITIES AND EQUITY:3,681,7753,678,4713,553,5153,516,8063,421,5393,352,801

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

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues
(Net Investment Income)
35,33132,88930,27427,89224,67423,410
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
    (450)(950)(300)
Other undisclosed gross profit   1,700   
Gross profit:35,33132,88931,97427,44223,72423,110
Operating expenses(4,933)(4,751)(5,794)(4,658)(4,813)(4,391)
Operating income:30,39828,13826,18022,78418,91118,719
Nonoperating income (expense)285481(324)399548561
Investment income, nonoperating23223(135)130284343
Gains (losses) on sales of other real estate   (478) 20 
Bank owned life insurance income262258289269244218
Interest and debt expense(14,640)(11,234)(7,228)(4,232)(2,185)(1,940)
Income from continuing operations before equity method investments, income taxes:16,04317,38518,62818,95117,27417,340
Other undisclosed loss from continuing operations before income taxes(4,808)(8,417)(7,800)(7,021)(6,129)(5,877)
Income from continuing operations before income taxes:11,2358,96810,82811,93011,14511,463
Income tax expense(1,810)(1,389)(1,689)(1,962)(1,792)(1,833)
Income from continuing operations:9,4257,5799,1399,9689,3539,630
Income before gain (loss) on sale of properties:9,9689,3539,630
Net income available to common stockholders, diluted:9,4257,5799,1399,9689,3539,630

Comprehensive Income ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income:9,4257,5799,1399,9689,3539,630
Other comprehensive income (loss)2,049(1,970)382(46)(201)(493)
Comprehensive income:11,4745,6099,5219,9229,1529,137
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(4,480)8,8646,885(16,983)(14,706)(25,660)
Comprehensive income (loss), net of tax, attributable to parent:6,99414,47316,406(7,061)(5,554)(16,523)

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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