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Peoples Ltd. (PPLL) is the holding company for PS Bank, an independent community bank established in 1914 with locations across northeastern and central Pennsylvania. The bank has shown consistent growth and performance, with net income and earnings per share increasing year-to-year. Total assets and loans have seen steady growth, while deposits have fluctuated. PS Bank has navigated challenges like interest rate increases and deposit pressures, focusing on strong balance sheet management and core deposit levels. The bank has been recognized as one of the top community banks in the U.S. for its Return on Equity (ROE). PS Bank continues to prioritize stability, growth, and exceptional customer service, positioning itself for success in the face of ongoing industry challenges.
Peoples (OTC: PPLL) reported mixed financial results for Q3 2024. Net income reached $1,853,000 ($2.26 per share), up 5.88% from Q3 2023. However, year-to-date net income decreased 4.54% to $5,289,000 ($6.45 per share). Total assets grew 7.31% to $571.27M, deposits increased 5.44% to $487.91M, and loans rose 6.12% to $378.76M compared to December 2023. Return on assets was 1.31%, down from 1.41% in 2023, while return on equity decreased to 14.14% from 16.92%. The company received approval for a new branch in Scranton, planned to open in Q1 2025.
Peoples (OTC: PPLL) has announced its fourth quarter dividend distribution, comprising a $0.63 per share cash dividend and a 5% stock dividend, both payable on December 13, 2024. The cash dividend represents a 7.07% increase compared to Q4 2023. Total cash dividends for 2024 amount to $2.50, marking an 8.03% increase from 2023. Shareholders of record as of November 29, 2024, will be eligible for both dividends.
Peoples (OTC: PPLL) has announced a third quarter cash dividend of $0.63 per share, payable on September 30, 2024. This represents a 7.11% increase compared to the third quarter dividend of 2023. The dividend was declared by the Board of Directors on August 28, 2024, and will be paid to shareholders of record as of September 13, 2024.
The announcement, made by Anthony J. Gabello, President and CEO of Peoples , demonstrates the company's commitment to returning value to shareholders and potentially indicates strong financial performance.
Peoples (OTC: PPLL), holding company for PS Bank, announced its second quarter 2024 results. Key highlights include:
- Net income: $1,787,000 ($2.18 per share), down 1.70% from Q2 2023
- Year-to-date net income: $3,436,000 ($4.19 per share), down 9.34% from H1 2023
- Total assets: $554,707,000, up 4.21% from December 31, 2023
- Deposits: $481,366,000, up 4.03% from December 31, 2023
- Loans: $363,247,000, up 1.78% from year-end 2023
Despite ongoing interest rate margin challenges, the bank's performance remained strong. PS Bank was ranked #36 on American Banker's list of Top 100 Community Banks under $2 billion in the US, improving from #42 in the previous year.
Peoples (OTC: PPLL) has announced a second quarter cash dividend of $0.62 per share. This dividend reflects an 8.98% increase over the same period last year. The dividend will be paid on June 28, 2024, to shareholders of record as of June 10, 2024. President and CEO Anthony J. Gabello made the announcement following the Board of Directors' regular meeting on May 22, 2024.
Peoples , the holding company for PS Bank, reported its first quarter 2024 results. The consolidated net income for the year-to-date was $1,649,000 with $2.01 earnings per share, showing a decrease of 16.42% from the first quarter of 2023. Despite increased interest expenses and personnel costs, the bank saw growth in assets and loans. The company remains well-capitalized and committed to providing exemplary service to its customers and shareholders.
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