Peoples Financial Q2 FY26 net income drops 12.74% to $14.8 million; net interest margin widens 13 basis points to 3.82%
PFIS•Quarterly earnings and profitability
Peoples Financial Services posted Q2 net income of $14.8 million, down $2.2 million from a year earlier; diluted EPS fell to $1.48.
Annualized ROAA slipped to 1.13% from 1.36%; ROAE eased to 11.10% from 13.87%.
Margin, credit losses and balance sheet growth
Net interest margin (FTE) widened 13 basis points to 3.82% from a year earlier; net interest income rose to $45.6 million.
Provision for credit losses was $3.1 million, swinging from a $0.2 million benefit a year earlier, primarily reflecting strong loan growth.
Total loans climbed $305.3 million to $4.3 billion year over year; deposits increased $221.5 million to $4.5 billion.
