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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 Ltd. (OTC: PPLL) announced a first quarter cash dividend of $0.60 per share, payable on March 31, 2023. This marks a 9.05% increase over the previous year's first quarter dividend. The Board of Directors declared this dividend during their meeting on February 22, 2023. Shareholders of record as of March 15, 2023 will receive the payment. The announcement indicates the company's commitment to returning value to shareholders, reflecting ongoing business stability.
Peoples Ltd. (OTC: PPLL) reported strong financial results for Q4 2022, with net income increasing by 9.1% to
The Board of Directors of Peoples Ltd. (OTC:PPLL) has declared a cash dividend of $0.60 per share and a 5% stock dividend, payable on December 16, 2022. This cash dividend reflects an 8.89% increase compared to the fourth quarter of 2021. Total cash dividends for 2022 reached $2.34, marking a 6.92% rise over 2021. The dividend was declared on October 26, 2022, and shareholders of record on December 2, 2022, will be eligible for these dividends.
Peoples Ltd. (OTC: PPLL) announced a net income of $1,870,000 or $2.53 per share for Q3 2022, marking a 9.03% increase from Q3 2021. However, year-to-date net income decreased by 0.57% to $5,076,000. The decline in income is attributed to an 80.61% decrease in mortgage sales and reduced PPP fees of $695,000. Total assets rose by 9.60% to $523,097,000, with loans up 8.25% to $303,735,000 as of September 30, 2022. The bank's strategic growth continues positively despite market challenges.
Peoples Ltd. (OTC: PPLL) announced a third quarter cash dividend of $0.58 per share, marking a 5.1% increase from the previous year. This dividend is payable on September 30, 2022, to shareholders of record as of September 12, 2022. The announcement was made during the Board of Directors meeting on August 24, 2022. The company emphasizes its commitment to returning value to shareholders through consistent dividend increases.
Peoples Ltd. (OTC: PPLL) reported a net income of $1,665,000 or $2.26 per share for Q2 2022, reflecting a 6.09% decrease from Q2 2021. This decline was primarily due to an 89.92% drop in gross mortgage sales and servicing rights income, from $605,000 in Q2 2021 to $61,000 in Q2 2022. Year-to-date, net income totaled $3,206,000 or $4.35 per share, down 5.43% compared to the same period last year. Despite these challenges, total assets increased by 6.19% to $506,820,000.
Peoples Ltd. (OTC: PPLL) has declared a cash dividend of $0.58 per share for the second quarter, marking a 6.8% increase from the previous year. This dividend is payable on June 30, 2022, to shareholders of record as of June 13, 2022. The announcement was made during the Board of Directors meeting on May 25, 2022. This positive development reflects the company’s commitment to returning value to its shareholders and is indicative of its financial strength.
Peoples Ltd. (OTC: PPLL) reported $1,541,000 in consolidated net income for Q1 2022, achieving $2.09 per share, down 4.70% from Q1 2021's $1,617,000 or $2.20 per share. This decline was primarily due to a 72.79% drop in mortgage sales revenue, falling from $746,000 to $203,000, impacted by rising mortgage rates. However, total assets grew 4.35% to $498,043,000, with deposits and loans increasing by 6.28% and 2.48%, respectively. The company remains optimistic about future growth, aided by a new Business Center project.
Peoples Ltd. (OTC: PPLL) has declared a first quarter cash dividend of $0.58 per share, an increase of 6.82% from the previous year's dividend of $0.54. This dividend is payable on March 31, 2022, to shareholders of record by March 15, 2022. Additionally, the company has introduced a Dividend Reinvestment and Stock Purchase Plan for 2022. The announcement was made during the Board of Directors' meeting on February 23, 2022.
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