Peoples Financial Services Corp. (PFIS) 10-Year Financial Performance & Capital Metrics

PFIS • • Banking & Credit

Financial ServicesRegional BanksCommunity & Regional Retail BankingNortheast Community Banks

AboutPeoples Financial Services Corp. operates as the bank holding company for Peoples Security Bank and Trust Company that provides various commercial and retail banking services. The company accepts money market, NOW, savings, individual retirement, demand deposit, and certificates of deposit accounts. It also provides residential real estate, automobile, manufactured housing, personal, and home equity loans; and commercial real estate, working capital, construction, small business administration, and agricultural loans, as well as loans for equipment and other commercial needs, and mineral rights. In addition, the company offers investment management, IRA trustee, estate administration, living and life insurance trust, trustee under will, guardianship, custodial/IRA custodial, and corporate trust services, as well as pension and profit sharing plans. Further, it provides investment portfolio management, estate and business succession planning, annuities, insurance, retirement plan, and tax planning, as well as education funding strategies; and securities and brokerage, and investor services. Additionally, the company offers small business checking and merchant money market accounts, online and telephone banking, business credit cards, merchant line of credit, and financial checkup services; and remote deposit capture, automatic clearing house transaction, cash management, automated teller machine, point of sale transaction, safe deposit box, night depository, direct deposit, and official check services. It serves business, non-profit, governmental, municipal agency, and professional customers, as well as retail customers through 28 full-service community banking offices located in Allegheny, Bucks, Lackawanna, Lebanon, Lehigh, Luzerne, Monroe, Montgomery, Northampton, Susquehanna, and Wyoming Counties of Pennsylvania; Middlesex County of New Jersey; and Broome County of New York. The company was founded in 1905 and is headquartered in Scranton, Pennsylvania.Show more

Net Interest Income $116M +33.6%
Total Revenue $230M +40.1%
Net Income $8M -69.0%
Return on Equity 2.1% -74.9%
Net Interest Margin 2.28% -1.8%
Efficiency Ratio 46.44% +12.3%
ROA 0.19% -74.4%
Equity / Assets 9.21% +1.2%
Book Value per Share 54.62 +14.7%
Tangible BV/Share 41.63 +7.8%
Debt/Equity 0.33 +49.4%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Efficient operations: 46.4% efficiency ratio
✓Healthy dividend yield of 4.2%
✓Trading at only 0.9x book value

✗Weaknesses

✗Profits declining 19.9% over 5 years
✗Dividend payout exceeds 100% of earnings
✗Shares diluted 20.1% in last year

Price & Volume

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Growth Metrics

Revenue CAGR

10Y11.56%

5Y16.19%

3Y28.72%

TTM-

Profit (Net Income) CAGR

10Y-7.05%

5Y-19.88%

3Y-41.98%

TTM782.27%

EPS CAGR

10Y-8.24%

5Y-23.26%

3Y-45.18%

TTM413.59%

ROCE

10Y Avg8.33%

5Y Avg8.65%

3Y Avg6.92%

Latest1.54%

Peer Comparison

Northeast Community Banks

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
DCOMDime Community Bancshares, Inc.	1.37B	31.13	56.60	0.1%	4.5%	4.02%	6.79%	0.70
EBCEastern Bankshares, Inc.	4.4B	19.56	29.64	91.64%	11.17%	1.3%	6.14%	0.01
LYGLloyds Banking Group plc	80.5B	5.48	21.92	10.79%	11.75%	9.93%		1.76
CFGCitizens Financial Group, Inc.	26.03B	60.61	20.00	1.31%	12.22%	6.6%	7.22%	0.51
PFSProvident Financial Services, Inc.	2.65B	20.29	19.32	63.91%	10.13%	7.51%	16.04%	0.93
CBUCommunity Bank System, Inc.	3.3B	62.73	18.24	24.44%	19.4%	10.34%	6.71%	0.57
VLYValley National Bancorp	6.7B	12.02	17.42	6.51%	10.65%	6.53%	8.18%	0.50
INDBIndependent Bank Corp.	3.8B	76.62	16.95	6.89%	19.72%	7.76%	5.51%	0.23

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	56.97M	61.69M	65.49M	71.27M	75.43M	79.7M	84.56M	95.75M	86.75M	115.9M
NII Growth %	-0.01%	0.08%	0.06%	0.09%	0.06%	0.06%	0.06%	0.13%	-0.09%	0.34%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	63.01M	68.94M	74.19M	84.59M	93.3M	94.03M	93.98M	111.33M	149.85M	211.37M
Interest Expense	6.04M	7.25M	8.7M	13.32M	17.87M	14.32M	9.42M	15.59M	63.1M	95.47M
Loan Loss Provision	3.7M	5M	4.8M	4.2M	6.1M	7.4M	1.75M	-449K	566K	19.13M
Non-Interest Income+	13.11M	12.94M	14.96M	13.73M	15.2M	16.74M	13.77M	12.32M	14.15M	18.43M
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	76.12M	81.88M	89.15M	98.32M	108.5M	110.77M	107.75M	123.66M	164M	229.8M
Revenue Growth %	-0.01%	0.08%	0.09%	0.1%	0.1%	0.02%	-0.03%	0.15%	0.33%	0.4%
Non-Interest Expense	44.14M	45.04M	49.02M	52.49M	55.64M	54.87M	43.06M	63.16M	67.84M	106.73M
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	22.24M	24.59M	26.64M	28.31M	28.89M	34.17M	53.52M	45.37M	32.5M	8.47M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	-0.04%	0.11%	0.08%	0.06%	0.02%	0.18%	0.57%	-0.15%	-0.28%	-0.74%
Pretax Income+	22.24M	24.59M	26.64M	28.31M	28.89M	34.17M	53.52M	45.37M	32.5M	8.47M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	4.52M	5.01M	8.18M	3.39M	3.15M	4.82M	10M	7.28M	5.12M	-30K
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	17.72M	19.58M	18.46M	24.92M	25.74M	29.35M	43.52M	38.09M	27.38M	8.5M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	0%	0.1%	-0.06%	0.35%	0.03%	0.14%	0.48%	-0.12%	-0.28%	-0.69%
Net Income (Continuing)	17.72M	19.58M	18.46M	24.92M	25.74M	29.35M	43.52M	38.09M	27.38M	8.5M
EPS (Diluted)+	2.36	2.65	2.50	3.37	3.72	4.00	6.01	5.28	3.83	0.99
EPS Growth %	0.01%	0.12%	-0.06%	0.35%	0.1%	0.08%	0.5%	-0.12%	-0.27%	-0.74%
EPS (Basic)	2.36	2.65	2.50	3.37	3.72	4.02	6.05	5.31	3.85	1.00
Diluted Shares Outstanding	7.52M	7.4M	7.4M	7.4M	7.39M	7.34M	7.24M	7.21M	7.15M	8.59M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	32.92M	39.94M	37.49M	32.62M	31.15M	45.19M	37.51M	37.87M	42.66M	55.62M
Short Term Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Total Investments+	1.64B	1.8B	1.97B	2.1B	2.27B	2.48B	2.91B	3.3B	3.34B	4.6B
Investments Growth %	0.05%	0.1%	0.09%	0.06%	0.09%	0.09%	0.17%	0.14%	0.01%	0.38%
Long-Term Investments	1.35B	1.54B	1.7B	1.83B	1.94B	2.18B	2.39B	2.82B	2.94B	4.33B
Accounts Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	63.37M	63.37M	63.37M	63.37M	63.37M	63.37M	63.37M	63.37M	63.37M	75.99M
Intangible Assets	5.86M	4.91M	3.91M	3.01M	2.3M	1.8M	1.35M	1.02M	870K	35.5M
PP&E (Net)	28.16M	33.26M	37.56M	38.89M	47.93M	47.05M	51.5M	55.67M	61.28M	73.28M
Other Assets	44.53M	42.61M	44.15M	42.52M	45.65M	237.92M	296.23M	60.86M	201.63M	183.65M
Total Current Assets	323.65M	305.58M	316.97M	309.41M	368.61M	349.36M	563.36M	532.69M	463.88M	352.94M
Total Non-Current Assets	1.5B	1.69B	1.85B	1.98B	2.11B	2.53B	2.81B	3.02B	3.28B	4.74B
Total Assets+	1.82B	2B	2.17B	2.29B	2.48B	2.88B	3.37B	3.55B	3.74B	5.09B
Asset Growth %	0.04%	0.1%	0.09%	0.05%	0.08%	0.17%	0.17%	0.05%	0.05%	0.36%
Return on Assets (ROA)	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0%
Accounts Payable	560K	462K	497K	1.2M	1.28M	736K	408K	903K	5.76M	5.5M
Total Debt+	98.68M	140.83M	173.41M	124.41M	184.88M	97.77M	35.71M	148.49M	75.59M	155.58M
Net Debt	65.76M	100.89M	135.92M	91.79M	153.73M	52.58M	-1.8M	110.62M	32.92M	99.95M
Long-Term Debt	60.35M	58.13M	49.73M	37.91M	32.73M	47.77M	35.71M	33.55M	58M	139.68M
Short-Term Debt	38.33M	82.7M	123.67M	86.5M	152.15M	50M	0	114.93M	17.59M	15.9M
Other Liabilities	15.24M	12.77M	0	9.76M	18.67M	31.31M	29.84M	42.18M	41.48M	54.08M
Total Current Liabilities	1.49B	1.67B	1.84B	1.96B	2.12B	2.49B	2.96B	3.16B	3.3B	4.43B
Total Non-Current Liabilities	75.59M	70.91M	60.87M	47.66M	51.4M	79.08M	65.55M	75.73M	99.47M	193.75M
Total Liabilities	1.57B	1.74B	1.91B	2.01B	2.18B	2.57B	3.03B	3.24B	3.4B	4.62B
Total Equity+	248.77M	256.62M	264.98M	279.08M	299.01M	316.88M	340.13M	315.35M	340.42M	468.95M
Equity Growth %	0.01%	0.03%	0.03%	0.05%	0.07%	0.06%	0.07%	-0.07%	0.08%	0.38%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.07%	0.08%	0.07%	0.09%	0.09%	0.1%	0.13%	0.12%	0.08%	0.02%
Book Value per Share	33.10	34.69	35.83	37.70	40.43	43.18	47.01	43.73	47.60	54.62
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	14.82M	14.79M	14.79M	14.79M	14.78M	14.43M	14.34M	14.32M	14.09M	20M
Additional Paid-in Capital	135.37M	134.87M	135.04M	135.31M	135.25M	129.27M	127.55M	126.85M	122.13M	250.69M
Retained Earnings	100.7M	111.11M	121.35M	136.58M	152.19M	171.02M	203.75M	230.51M	248.55M	238.96M
Accumulated OCI	-2.13M	-4.16M	-6.21M	-8.08M	-3.21M	2.15M	-5.51M	-56.34M	-44.35M	-40.7M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Preferred Stock	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	29.18M	28.05M	28.59M	32.63M	37.08M	37.18M	40.77M	42.36M	33.25M	33.92M
Operating CF Growth %	0.21%	-0.04%	0.02%	0.14%	0.14%	0%	0.1%	0.04%	-0.21%	0.02%
Net Income	17.72M	19.58M	18.46M	24.92M	25.74M	29.35M	43.52M	38.09M	27.38M	8.5M
Depreciation & Amortization	2.79M	2.85M	2.98M	3.21M	4.21M	4.25M	3.64M	4.03M	3.5M	7.24M
Deferred Taxes	-841K	-1.44M	1.67M	-681K	394K	-1.78M	450K	611K	1.27M	-3.65M
Other Non-Cash Items	10.7M	8.62M	5.78M	5.3M	6.94M	5.32M	-9.79M	3.53M	1.29M	9.48M
Working Capital Changes	-1.26M	-1.63M	-467K	-401K	-758K	-534K	2.4M	-4.44M	-1.07M	11.56M
Cash from Investing+	-89.42M	-186.36M	-184.56M	-134.81M	-184.72M	-201.24M	-440.1M	-467.82M	-25.75M	387.15M
Purchase of Investments	-93.45M	-64.07M	-73.47M	-32.71M	-124.5M	-107.2M	-358.6M	-138.71M	0	-4.84M
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	0	0	2.3M	0	0	0	12.15M	0	0	28.07M
Other Investing	-134.36M	-197.62M	-164.17M	-130.02M	-122.47M	-241.92M	-149.17M	-411.72M	-118.73M	59.05M
Cash from Financing+	61.73M	165.33M	153.52M	97.31M	146.18M	361.1M	451.07M	183.4M	142M	-472.58M
Dividends Paid	-9.32M	-9.17M	-9.32M	-9.69M	-10.13M	-10.52M	-10.79M	-11.32M	-11.66M	-18.09M
Share Repurchases	-5.19M	-604K	0	0	-634K	-6.89M	-2.36M	-1.25M	-5.89M	0
Stock Issued	0	0	0	0	0	0	0	0	0	0
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	1000K	1000K	1000K	-1000K	1000K	-1000K	-1000K	1000K	-1000K	-1000K
Other Financing	30.25M	132.95M	130.26M	156M	96.47M	465.62M	526.28M	83.2M	232.44M	-299.81M
Net Change in Cash+	1.49M	7.02M	-2.45M	-4.87M	-1.46M	197.04M	51.74M	-242.06M	149.5M	-51.51M
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	31.43M	32.92M	39.94M	37.49M	32.62M	31.15M	228.19M	279.93M	37.87M	187.37M
Cash at End	32.92M	39.94M	37.49M	32.62M	31.15M	228.19M	279.93M	37.87M	187.37M	135.85M
Interest Paid	6.79M	7.35M	8.66M	12.62M	17.79M	14.87M	9.75M	15.09M	58.23M	95.73M
Income Taxes Paid	4.2M	5.9M	5.9M	2.65M	4.55M	6.25M	6.74M	10M	3.46M	1.85M
Free Cash Flow+	24.76M	21.29M	22.35M	28.56M	31.48M	34.89M	35.89M	34.53M	27.33M	31.35M
FCF Growth %	0.07%	-0.14%	0.05%	0.28%	0.1%	0.11%	0.03%	-0.04%	-0.21%	0.15%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	7.15%	7.75%	7.08%	9.16%	8.9%	9.53%	13.25%	11.62%	8.35%	2.1%
Return on Assets (ROA)	1%	1.03%	0.89%	1.12%	1.08%	1.1%	1.39%	1.1%	0.75%	0.19%
Net Interest Margin	3.13%	3.08%	3.02%	3.11%	3.05%	2.76%	2.51%	2.69%	2.32%	2.28%
Efficiency Ratio	57.98%	55%	54.98%	53.38%	51.28%	49.53%	39.96%	51.07%	41.36%	46.44%
Equity / Assets	13.68%	12.83%	12.21%	12.2%	12.08%	10.99%	10.09%	8.87%	9.1%	9.21%
Book Value / Share	33.1	34.69	35.83	37.7	40.43	43.18	47.01	43.73	47.6	54.62
NII Growth	-0.52%	8.28%	6.17%	8.82%	5.84%	5.67%	6.09%	13.23%	-9.4%	33.6%
Dividend Payout	52.58%	46.83%	50.49%	38.9%	39.37%	35.83%	24.8%	29.73%	42.58%	212.91%

Revenue by Segment

	2018	2019	2020	2021	2022	2023	2024
Bank Servicing	7.68M	9.03M	6.81M	-	-	7.73M	10.67M
Bank Servicing Growth	-	17.56%	-24.56%	-	-	-	38.11%
Commission And Fees On Fiduciary Activities	2.04M	2.09M	2.13M	-	-	2.22M	2.27M
Commission And Fees On Fiduciary Activities Growth	-	2.50%	1.82%	-	-	-	2.30%
Asset Management	-	-	-	-	-	1.58M	2.12M
Asset Management Growth	-	-	-	-	-	-	34.39%
Credit Card	809K	973K	824K	-	-	693K	896K
Credit Card Growth	-	20.27%	-15.31%	-	-	-	29.29%
Service charges, fees, commissions and other	-	-	-	-	7.08M	-	-
Service charges, fees, commissions and other Growth	-	-	-	-	-	-	-
Commission and fees on fiduciary activities	-	-	-	2.27M	2.23M	-	-
Commission and fees on fiduciary activities Growth	-	-	-	-	-1.94%	-	-
Wealth management income	-	-	-	1.54M	1.43M	-	-
Wealth management income Growth	-	-	-	-	-6.96%	-	-
Merchant services income	-	-	-	879K	964K	-	-
Merchant services income Growth	-	-	-	-	9.67%	-	-
Service charges, fees and commissions	-	-	-	6.17M	-	-	-
Service charges, fees and commissions Growth	-	-	-	-	-	-	-
Asset Management1	1.45M	1.52M	1.28M	-	-	-	-
Asset Management1 Growth	-	5.32%	-15.88%	-	-	-	-

Frequently Asked Questions

Valuation & Price

Peoples Financial Services Corp. (PFIS) has a price-to-earnings (P/E) ratio of 50.8x. This suggests investors expect higher future growth.

Growth & Financials

Peoples Financial Services Corp. (PFIS) grew revenue by 40.1% over the past year. This is strong growth.

Yes, Peoples Financial Services Corp. (PFIS) is profitable, generating $53.3M in net income for fiscal year 2024 (3.7% net margin).

Dividend & Returns

Yes, Peoples Financial Services Corp. (PFIS) pays a dividend with a yield of 4.19%. This makes it attractive for income-focused investors.

Peoples Financial Services Corp. (PFIS) has a return on equity (ROE) of 2.1%. This is below average, suggesting room for improvement.

Industry Metrics

Peoples Financial Services Corp. (PFIS) has a net interest margin (NIM) of 2.3%. NIM has been under pressure due to interest rate environment.

Peoples Financial Services Corp. (PFIS) has an efficiency ratio of 46.4%. This is excellent, indicating strong cost control.

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