PFIS News & Events

Reports Q3 net interest margin on a fully taxable equivalent basis was 3.54%, up 28 basis points vs. 3.26% last year. Tangible book value per share was $40.43 from $38.75 last quarter. "We are extremely pleased with another strong quarter driven by disciplined credit quality and balance sheet management," stated CEO Gerard Champi. "We are building for the future with a focus on efficiency, enhanced customer service and long-term growth as we centralize operations in our new corporate headquarters."

Q2 net interest margin on FTE basis was 3.69%, an increase of 19 basis points vs. 3.50% for Q1. Tangible book value per common share was $38.75 at June 30, 2025 compared to $37.35 and $39.31 at March 31, 2025 and June 30, 2024, respectively. CEO Gerard Champi stated, "One year ago, we merged with FNCB Bancorp, Inc. with the belief that together, we would be stronger. Today, our performance affirms that belief - our net income, earnings per share, net interest margin, efficiency ratio and asset quality all reflect the strength of our combined organization as we continue to build on the synergies and efficiencies of the FNCB merger."

Net interest margin on an FTE basis was 3.50% in Q1, an increase of 25 basis points compared to 3.25% for 4Q24. Tangible book value per common share was $37.35 at March 31 vs. $35.88 and $39.20 at December 31, 2024 and March 31, 2024, respectively.