PFIS News & Events

"We delivered a stable first quarter despite a more challenging operating environment," stated Gerard Champi, President and Chief Executive Officer of Peoples. The slight reduction in net income reflects our continued commitment to responsible credit management and investment in our people and infrastructure. At the same time, strong performance in net interest income and non-interest income underscores the resilience of our franchise. With ROAA and ROAE remaining healthy, we are well-positioned to build momentum throughout the year and continue creating value for our shareholders and communities. As we move through 2026, we are committed to disciplined expense management, thoughtful credit oversight, and continued investment in the capabilities that support sustainable growth." concluded Champi.

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."