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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) 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.
Peoples Ltd. (PPLL) reported a strong fourth quarter and annual financial results for 2021. Net income in Q4 2021 was $1,722,000, a 9.9% increase from $1,567,000 in Q4 2020. Earnings per share improved to $2.34, up from $2.13. Total net income for the year was $6,827,000 ($9.28 per share), reflecting a 31.3% annual growth. Key metrics included a 1.45% return on assets and a 15.25% return on equity. Total assets rose to $477,323,000, with deposits increasing by 11.6%.
Peoples Ltd. (OTC:PPLL) has announced a fourth quarter cash dividend of $0.58 per share and a 5% stock dividend, both payable on December 17, 2021. This cash dividend is an 8.72% increase from the previous year. In total, cash dividends paid in 2021 amounted to $2.30, representing a 9.25% increase compared to $2.11 in 2020, adjusted for the stock dividend. Shareholders of record as of December 3, 2021 will receive these dividends.
Peoples Ltd. (OTC: PPLL) reported its third-quarter results for 2021, showing a 22.94% increase in net income to $1,715,000 compared to $1,395,000 in Q3 2020. Earnings per share rose to $2.45 from $1.99. Year-to-date net income reached $5,105,000, a 40.52% increase from $3,633,000 in 2020. Total assets grew to $476,123,000, a 7.37% increase. The bank benefitted from strong mortgage sales and PPP loan fees, while provisions for loan losses decreased significantly to $150,000.
Peoples Ltd. (OTC: PPLL) reported a significant increase in second-quarter net income for 2021, totaling $1,773,000 or $2.53 per share, marking a 46.8% rise from $1,208,000 in 2020. Year-to-date net income also rose 51.4% to $3,390,000, with earnings per share at $4.84. The bank's total assets grew 4.29% to $462,467,000. Enhanced performance was driven by strong mortgage sales and reduced loan loss provisions. However, mortgage sales revenue is expected to decline in the second half of 2021.
Peoples Ltd. (OTC: PPLL) has declared a second quarter cash dividend of $0.57 per share, marking an 8.8% increase from the previous year’s dividend of $0.52, adjusted for a 5% stock dividend. This decision was made during the Board of Directors meeting on May 26, 2021, with payment scheduled for June 30, 2021, to shareholders of record by June 14, 2021.
The bank, established in 1914, operates across several counties and aims to strengthen its financial standing through consistent dividend growth.
Peoples Ltd. (OTC:PPLL) reported a strong first quarter of 2021, with consolidated net income reaching $1,617,000, or $2.31 earnings per share, marking a 57% increase from $1,030,000 in Q1 2020. Year-to-date return on assets improved to 1.43% from 1.01%, and return on equity rose to 14.76% from 11.24%. Total assets grew by 2.50% to $454,556,000, while deposits and loans increased by 2.77% and 5.95%, respectively. Management attributes these results to strong mortgage sales and reduced loan loss provisions.
Peoples Ltd. (OTC: PPLL) has announced a first quarter cash dividend of $0.57 per share, reflecting an 8.8% increase from $0.52 paid in the same quarter of 2020. The dividend will be payable on March 31, 2021, to shareholders on record as of March 15, 2021. This decision was made during the Board of Directors' meeting on February 24, 2021. The announcement underscores the company's commitment to returning value to its shareholders.
Peoples Ltd. (OTC:PPLL) announced its unaudited financial results for Q4 and the full year 2020. Net income for Q4 2020 rose by 27.6% to $1,567,000, with earnings per share at $2.24, up from $1.75 in 2019. For the year, net income increased by 11.9% to $5,200,000, or $7.42 per share. Total assets grew to $443,640,000, a 10.5% increase, while total deposits and net loans also saw increases of 9.3% and 10.6% respectively. The bank experienced additional loan loss provisioning of $835,000 due to the pandemic.
Peoples Ltd. (OTC: PPLL) has announced a third quarter cash dividend of $0.55 per share, a 5% increase from $0.52 in Q3 2019, adjusted for the prior year’s stock dividend. This dividend will be payable on September 30, 2020, to shareholders on record as of September 16, 2020. The declaration was made during the Board of Directors meeting on August 26, 2020, reflecting the company's commitment to returning value to shareholders.
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