Peoples Financial reported second-quarter 2026 net income of $897,000, or $0.19 per share, down from $1.24 million ($0.27 per share) in Q2 2025. For the first six months of 2026 the company posted net income of $2.343 million, or $0.51 per share, versus $2.552 million ($0.55) a year earlier. Total assets stood at $771.0 million and shareholders’ equity was $101.71 million as of June 30, 2026.
Financial Highlights
- Net interest income: $4,919,000 for the three months ended June 30, 2026 (down from $5,472,000 in Q2 2025).
- Net income: $897,000 for Q2 2026 and $2,343,000 for the six months ended June 30, 2026 (six-month net income was $2,552,000 in 2025).
- Earnings per share: $0.19 for Q2 2026 and $0.51 for the first six months of 2026 (weighted average shares: 4,617,466).
- Total assets: $771,025,000 as of June 30, 2026; total deposits: $609,777,000 as of June 30, 2026.
- Shareholders’ equity / book value per share: $101,710,000 and $22.03 per share as of June 30, 2026.
Business Highlights
- The Peoples Bank continues to operate 18 branch facilities along the Mississippi Gulf Coast, serving Hancock, Harrison, Jackson and Stone counties.
- Management emphasized maintaining high-quality assets and ongoing monitoring of economic conditions and interest rate movements.
- Liquidity and capital position described as strong and well-capitalized; the Bank elected an opt-out under regulatory capital rules, leaving leverage ratio at 15.22% as of June 30, 2026.
- Deposit growth influenced by public fund tax deposits allocated by accountholders during the year, contributing to a deposit balance of $609.8 million at quarter end.
Original SEC Filing:
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