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    Peoples Financial Services (PFIS)

    Market Price (9/21/2026): $70.76 | Market Cap: $708.3 MilSector: Financials | Industry: Regional Banks

    Peoples Financial Services (PFIS)

    Market Price (9/21/2026): $70.76
    Market Cap: $708.3 Mil
    Sector: Financials
    Industry: Regional Banks

    Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

    0

    Attractive yield
    Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 12%, Dividend Yield is 3.5%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 7.4%, FCF Yield is 6.4%

    Cash is significant % of market cap
    Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -21%

    Attractive cash flow generation
    CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 27%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 23%

    Low stock price volatility
    Vol 12M is 25%

    Megatrend and thematic drivers
    Megatrends include Community-Centric Digital Financial Services. Themes include Integrated Digital Banking Platforms, Localized Digital Lending, and Personalized Digital Wealth Management.

    Trading close to highs
    Dist 52W High is -2.1%, Dist 3Y High is -2.1%

    Key risks
    PFIS key risks include [1] substantial integration costs and the potential failure to realize synergies from its recent FNCB merger and [2] a sharp deterioration in asset quality from an increase in nonperforming assets.

    0 Attractive yield
    Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 12%, Dividend Yield is 3.5%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 7.4%, FCF Yield is 6.4%
    1 Cash is significant % of market cap
    Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -21%
    2 Attractive cash flow generation
    CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 27%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 23%
    3 Low stock price volatility
    Vol 12M is 25%
    4 Megatrend and thematic drivers
    Megatrends include Community-Centric Digital Financial Services. Themes include Integrated Digital Banking Platforms, Localized Digital Lending, and Personalized Digital Wealth Management.
    5 Trading close to highs
    Dist 52W High is -2.1%, Dist 3Y High is -2.1%
    6 Key risks
    PFIS key risks include [1] substantial integration costs and the potential failure to realize synergies from its recent FNCB merger and [2] a sharp deterioration in asset quality from an increase in nonperforming assets.

    PFIS in ETFs

    Weight = PFIS's share of each fund

    VTI0.00%
    IWM0.02%
    AVUV0.05%
    VTWO0.02%
    DFAS0.01%
    IWN0.01%
    IWO0.01%
    DFAC0.00%
    +1 more covered ETF

    Valuation & Metrics

    FYE: 12/31PFIS [1]S&P 500 [2]
    REVENUE GROWTH
    LTM Revenue [3]$195.8 Mil—
    FY 2026 Sales$210.3 Mil—
    FY 2027 Sales$226.1 Mil—
    FY 2026 Sales Growth7.4%—
    FY 2027 Sales Growth7.5%12.9%
    EARNINGS
    LTM Net Income (GAAP) [3]$56.8 Mil—
    FY 2026 Net Income (Non-GAAP)$64.2 Mil—
    FY 2027 Net Income (Non-GAAP)$74.2 Mil—
    FY 2027 Net Income Growth15.5%18.1%
    FY 2026 EPS (Non-GAAP)$6.37—
    FY 2027 EPS (Non-GAAP)$7.38—
    FY 2027 EPS Growth15.9%—
    VALUATION
    FY 2026 P/S3.41.6
    FY 2027 P/S3.1—
    FY 2026 P/E11.07.4
    FY 2027 P/E9.6—

    [1] PFIS forward figures are analyst consensus for the next two fiscal years (fiscal year end 12/31). Net Income and EPS are non-GAAP (adjusted) consensus. P/S and P/E divide the current market cap by the consensus figure.
    [2] S&P 500 figures are the SPY ETF's holdings-weighted forward aggregate. P/S and P/E reflect FY1/FY2 consensus blended to the 12-month window ending 9/30/27 (~one year forward), shown when ≥90% of index weight has estimates. Growth is the aggregate next-fiscal-year vs current-fiscal-year (FY1→FY2) change. Index-level dollar Sales, Net Income and EPS are not applicable.
    [3] LTM = reported trailing-twelve-month actuals (GAAP).
    PFISS&P 500
    REVENUE GROWTHGOOD
    Rev LTM ($ Bil)0.2
    Rev Chg Q7.1%9.3%
    Rev Chg LTM7.1%8.3%
    Rev Chg 3Y Avg30.1%5.8%
    PROFITABILITYGOOD
    Op Inc LTM ($ Bil)�
    CFO LTM ($ Bil)0.1
    Net Inc LTM ($ Bil)0.1
    CFO/Rev LTM27.3%21.8%
    Net Inc Mgn29.0%13.1%
    VALUATIONLOW
    P/S3.63.1
    P/CFO13.214.8
    P/FCF15.819.3
    P/E12.522.5

    AI Analysis | Feedback

    MetricValueDateSource
    Number of Full-Service Community Banking Offices3911082025Link
    Number of Employees51110202025Link
    Scranton/Wilkes-Barre, PA MSA Deposit Market Shareapproximately 16%11082025Link
    Allentown-Bethlehem-Easton, PA-NJ MSA Deposit Market Shareapproximately 2.0%11082025Link
    Susquehanna County, PA Deposit Market Shareapproximately 54%11082025Link

    Price Chart

    Upcoming
    10/16/2026Earnings ReleaseRev: $54 Mil (E)
    EPS: $1.74 (E)

    Why The Stock Moved

    Qualitative Assessment

    AI Analysis | Feedback

    Updated on 9/4/2026

    Peoples Financial Services (PFIS) stock has gained about 20% since 5/31/2026 because of the following key factors:

    1. Strong Regional Banking Sector Performance. The broader regional banking sector experienced significant gains during this period, with the S&P Regional Bank ETF returning 18.9% year-to-date through July 29, 2026. This outperformance, compared to the S&P 500's 7.5% gain, was largely driven by expanding net interest margins (NIMs) due to a positively sloped yield curve and lower funding costs following Federal Reserve rate cuts in late 2024 and 2025.

    2. Consistent and Growing Dividend Payouts. Peoples Financial Services demonstrated a commitment to shareholder returns by declaring consistent quarterly cash dividends of $0.625 per share. The company declared a second-quarter cash dividend on April 24, 2026, payable on June 15, 2026, and a third-quarter cash dividend on July 31, 2026, payable on September 15, 2026. This ongoing distribution, coupled with a history of increasing its dividend for eight consecutive years, likely signaled financial stability and attracted income-focused investors.

    Show more
    Updated on 9/4/2026

    Peoples Financial Services (PFIS) stock has gained about 20% since 5/31/2026 because of the following key factors:

    1. Strong Regional Banking Sector Performance. The broader regional banking sector experienced significant gains during this period, with the S&P Regional Bank ETF returning 18.9% year-to-date through July 29, 2026. This outperformance, compared to the S&P 500's 7.5% gain, was largely driven by expanding net interest margins (NIMs) due to a positively sloped yield curve and lower funding costs following Federal Reserve rate cuts in late 2024 and 2025.

    2. Consistent and Growing Dividend Payouts. Peoples Financial Services demonstrated a commitment to shareholder returns by declaring consistent quarterly cash dividends of $0.625 per share. The company declared a second-quarter cash dividend on April 24, 2026, payable on June 15, 2026, and a third-quarter cash dividend on July 31, 2026, payable on September 15, 2026. This ongoing distribution, coupled with a history of increasing its dividend for eight consecutive years, likely signaled financial stability and attracted income-focused investors.

    3. Positive Analyst Price Target Revision. On August 4, 2026, Hovde Group significantly increased its price target for PFIS from $61.00 to $75.00, while maintaining a "market perform" rating. This upward revision in the analyst's outlook likely contributed to positive investor sentiment and demand for the stock.

    4. Robust Revenue Performance in Fiscal Q2 2026. Despite reporting an earnings per share (EPS) of $1.48 for fiscal Q2 2026 on July 30, 2026, which missed the consensus estimate of $1.64, Peoples Financial Services posted strong revenue of $97.74 million. This revenue figure substantially exceeded analyst estimates of $52.35 million, suggesting underlying business strength and effective revenue generation.

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    Stock Movement Drivers

    Fundamental Drivers

    The 19.8% change in PFIS stock from 5/31/2026 to 9/20/2026 was primarily driven by a 24.4% change in the company's P/E Multiple.
    (LTM values as of)53120269202026Change
    Stock Price ($)58.8870.5419.8%
    Change Contribution By: 
    Total Revenues ($ Mil)1921961.8%
    Net Income Margin (%)30.6%29.0%-5.3%
    P/E Multiple10.012.424.4%
    Shares Outstanding (Mil)1010-0.1%
    Cumulative Contribution19.8%

    LTM = Last Twelve Months as of date shown

    Market Drivers

    5/31/2026 to 9/20/2026
    ReturnCorrelation
    PFIS19.8% 
    Market (SPY)0.9%-4.4%
    Sector (XLF)8.3%48.9%

    Fundamental Drivers

    The 34.2% change in PFIS stock from 2/28/2026 to 9/20/2026 was primarily driven by a 26.2% change in the company's P/E Multiple.
    (LTM values as of)22820269202026Change
    Stock Price ($)52.5770.5434.2%
    Change Contribution By: 
    Total Revenues ($ Mil)1851965.7%
    Net Income Margin (%)28.8%29.0%0.8%
    P/E Multiple9.912.426.2%
    Shares Outstanding (Mil)1010-0.2%
    Cumulative Contribution34.2%

    LTM = Last Twelve Months as of date shown

    Market Drivers

    2/28/2026 to 9/20/2026
    ReturnCorrelation
    PFIS34.2% 
    Market (SPY)11.6%12.6%
    Sector (XLF)9.2%42.9%

    Fundamental Drivers

    The 40.5% change in PFIS stock from 8/31/2025 to 9/20/2026 was primarily driven by a 57.3% change in the company's Net Income Margin (%).
    (LTM values as of)83120259202026Change
    Stock Price ($)50.1970.5440.5%
    Change Contribution By: 
    Total Revenues ($ Mil)1831967.1%
    Net Income Margin (%)18.4%29.0%57.3%
    P/E Multiple14.912.4-16.4%
    Shares Outstanding (Mil)1010-0.2%
    Cumulative Contribution40.5%

    LTM = Last Twelve Months as of date shown

    Market Drivers

    8/31/2025 to 9/20/2026
    ReturnCorrelation
    PFIS40.5% 
    Market (SPY)19.4%16.4%
    Sector (XLF)4.7%46.0%

    Fundamental Drivers

    The 85.1% change in PFIS stock from 8/31/2023 to 9/20/2026 was primarily driven by a 84.2% change in the company's Total Revenues ($ Mil).
    (LTM values as of)83120239202026Change
    Stock Price ($)38.1170.5485.1%
    Change Contribution By: 
    Total Revenues ($ Mil)10619684.2%
    Net Income Margin (%)34.0%29.0%-14.6%
    P/E Multiple7.512.464.9%
    Shares Outstanding (Mil)710-28.6%
    Cumulative Contribution85.1%

    LTM = Last Twelve Months as of date shown

    Market Drivers

    8/31/2023 to 9/20/2026
    ReturnCorrelation
    PFIS85.1% 
    Market (SPY)75.6%37.7%
    Sector (XLF)69.8%52.0%

    Return vs. Risk

    Price Returns Compared

     202120222023202420252026Total [1]
    Returns
    PFIS Return48%1%-3%10%0%50%141%
    Peers Return31%-3%-4%24%5%28%104%
    S&P 500 Return27%-19%24%23%16%12%103%

    Monthly Win Rates [3]
    PFIS Win Rate75%42%33%42%42%78% 
    Peers Win Rate63%43%47%50%53%69% 
    S&P 500 Win Rate75%42%67%75%67%44% 

    Max Drawdowns [4]
    PFIS Max Drawdown-13%-17%-33%-23%-23%-10% 
    Peers Max Drawdown-19%-24%-40%-17%-23%-13% 
    S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 

    [1] Cumulative total returns since the beginning of 2021
    [2] Peers: FULT, STBA, WSFS, UVSP, CBU.
    [3] Win Rate = % of calendar months in which monthly returns were positive
    [4] Max drawdown represents maximum peak-to-trough decline within a year
    [5] 2026 data is for the year up to 9/18/2026 (YTD)

    How Low Can It Go

    EventPFISS&P 500
    2025 US Tariff Shock
      % Loss-19.8%-18.8%
      % Gain to Breakeven24.7%23.1%
      Time to Breakeven39 days79 days
    Summer-Fall 2023 Five Percent Yield Shock
      % Loss-16.3%-9.5%
      % Gain to Breakeven19.4%10.5%
      Time to Breakeven43 days24 days
    2023 SVB Regional Banking Crisis
      % Loss-31.1%-6.7%
      % Gain to Breakeven45.1%7.1%
      Time to Breakeven432 days31 days
    2022 Inflation Shock & Fed Tightening
      % Loss-10.5%-24.5%
      % Gain to Breakeven11.8%32.4%
      Time to Breakeven28 days427 days
    2020 COVID-19 Crash
      % Loss-34.6%-33.7%
      % Gain to Breakeven52.9%50.9%
      Time to Breakeven321 days140 days
    2015-2016 China Devaluation / Global Growth Scare
      % Loss-10.4%-12.2%
      % Gain to Breakeven11.6%13.9%
      Time to Breakeven34 days62 days

    Compare to FULT, STBA, WSFS, UVSP, CBU

    In The Past

    Peoples Financial Services's stock fell -19.8% during the 2025 US Tariff Shock. Such a loss loss requires a 24.7% gain to breakeven.

    Preserve Wealth

    Limiting losses and compounding gains is essential to preserving wealth.

    Asset Allocation

    Actively managed asset allocation strategies protect wealth. Learn more.

    EventPFISS&P 500
    2023 SVB Regional Banking Crisis
      % Loss-31.1%-6.7%
      % Gain to Breakeven45.1%7.1%
      Time to Breakeven432 days31 days
    2020 COVID-19 Crash
      % Loss-34.6%-33.7%
      % Gain to Breakeven52.9%50.9%
      Time to Breakeven321 days140 days
    2014-2016 Oil Price Collapse
      % Loss-31.6%-6.8%
      % Gain to Breakeven46.2%7.3%
      Time to Breakeven328 days15 days
    2008-2009 Global Financial Crisis
      % Loss-33.4%-53.4%
      % Gain to Breakeven50.1%114.4%
      Time to Breakeven443 days1085 days

    Compare to FULT, STBA, WSFS, UVSP, CBU

    In The Past

    Peoples Financial Services's stock fell -19.8% during the 2025 US Tariff Shock. Such a loss loss requires a 24.7% gain to breakeven.

    Preserve Wealth

    Limiting losses and compounding gains is essential to preserving wealth.

    Asset Allocation

    Actively managed asset allocation strategies protect wealth. Learn more.

    About Peoples Financial Services (PFIS)

    Peoples Financial Services Corp. (PFIS) operates as the bank holding company for Peoples Security Bank and Trust Company, providing a comprehensive range of commercial and retail banking services. Its core offerings include various deposit accounts such as checking, savings, money market, and certificates of deposit. On the lending side, the company offers residential real estate, automobile, manufactured housing, personal, and home equity loans for individuals, alongside commercial real estate, working capital, construction, small business administration (SBA), agricultural, and equipment loans for businesses.

    Beyond traditional banking, PFIS also delivers extensive trust and investment management services. These include IRA trustee, estate administration, various types of trusts (living, life insurance, under will), guardianship, custodial, and corporate trust services. Additionally, they provide investment portfolio management, estate and business succession planning, annuities, insurance, retirement plan, and tax planning strategies. The company serves a diverse clientele, including business, non-profit, governmental, municipal agency, professional, and retail customers, through 28 full-service community banking offices located across eleven counties in Pennsylvania, Middlesex County, New Jersey, and Broome County, New York.

    AI Analysis | Feedback

    Here are 1-3 brief analogies for Peoples Financial Services (PFIS):

    • A full-service regional bank, like a smaller version of PNC or Truist.
    • Like a community-focused Bank of America, offering comprehensive banking, lending, and wealth management services.

    AI Analysis | Feedback

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    • Deposit Accounts: The company offers a variety of checking, savings, money market, and certificate of deposit accounts for both retail and business customers.
    • Retail Loans: This includes loans for residential real estate, automobiles, manufactured housing, personal needs, and home equity.
    • Commercial Loans: Lending services are provided for commercial real estate, working capital, construction, equipment, small business administration, and agricultural needs.
    • Trust & Wealth Management Services: A suite of services covering investment management, IRA trustee services, estate administration, and various corporate and personal trust solutions.
    • Financial Planning & Advisory Services: Comprehensive planning for investment portfolios, estate and business succession, annuities, insurance, retirement, tax, and education funding.
    • Securities & Brokerage Services: The company provides services related to securities trading and general investor support.
    • Business Cash Management Services: Offerings include remote deposit capture, automated clearing house (ACH) transactions, and other cash management solutions for businesses.
    ```

    AI Analysis | Feedback

    Peoples Financial Services (PFIS), through its subsidiary Peoples Security Bank and Trust Company, serves a diverse customer base. Given its operations as a community bank, it does not have a few specific "major" customer companies that can be individually named. Instead, its customer base consists of several categories:

    • Retail Customers: Individuals who utilize various personal banking services such as money market, NOW, savings, individual retirement, and demand deposit accounts, as well as residential real estate, automobile, manufactured housing, personal, and home equity loans.
    • Business Customers: Companies and enterprises seeking commercial banking services, including commercial real estate, working capital, construction, small business administration, and agricultural loans, as well as loans for equipment and other commercial needs. They also utilize small business checking, merchant money market accounts, business credit cards, and cash management services.
    • Non-profit, Governmental, Municipal Agency, and Professional Customers: Various organizations and entities that utilize banking services, trust services (investment management, IRA trustee, estate administration), and financial planning strategies.

    AI Analysis | Feedback

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    AI Analysis | Feedback

    Gerard A. Champi
    Chief Executive Officer

    Gerard A. Champi officially assumed the role of Chief Executive Officer of Peoples Financial Services Corp. on January 1, 2025. He brings over three decades of experience in the banking sector, including serving eight years as President and CEO of FNCB Bank. His appointment followed the successful merger of Peoples Financial Services Corp. with FNCB Bancorp, Inc., which was completed in 2024.

    James M. Bone, Jr., CPA
    Executive Vice President, Chief Financial Officer

    James M. Bone, Jr., CPA, is set to become the Chief Financial Officer of Peoples Financial Services Corp., effective March 31, 2025. Prior to this role, he served as the Executive Vice President and Chief Operations Officer for both Peoples Financial Services Corp. and its banking subsidiary, Peoples Security Bank and Trust Company.

    Thomas P. Tulaney
    President

    Thomas P. Tulaney was appointed President of Peoples Financial Services Corp. and Peoples Security Bank and Trust Company, effective January 1, 2025. He possesses more than 40 years of experience in the banking industry. His previous positions include Senior Executive Vice President and Chief Operating Officer, and Executive Vice President & Chief Lending Officer. Tulaney joined Penn Security Bank & Trust in April 2011. He is scheduled to retire on April 3, 2026, and is expected to continue with the company in a Senior Advisor capacity.

    John R. Anderson III
    Executive Vice President, Chief Operating Officer

    John R. Anderson III will assume the role of Executive Vice President and Chief Operating Officer for Peoples Financial Services Corp. and its subsidiary, Peoples Security Bank and Trust Company, effective March 31, 2025. Previously, he held the position of Executive Vice President and Chief Financial Officer for the company.

    Neal D. Koplin
    Senior Executive Vice President, Chief Banking Officer

    Neal D. Koplin serves as the Senior Executive Vice President and Chief Banking Officer at Peoples Financial Services Corp.

    AI Analysis | Feedback

    The key risks for Peoples Financial Services (PFIS) primarily stem from its operations as a regional bank with a concentrated loan portfolio and exposure to fluctuating economic conditions.

    1. Credit Risk, Particularly in Commercial Real Estate (CRE): Peoples Financial Services has a substantial exposure to commercial real estate, with approximately 57.3% of its overall loan portfolio in this sector. Regional banks, like PFIS, face disproportionate exposure to vulnerable CRE markets, which can lead to increased loan loss provisions and pressure on profitability. A downturn in commercial property values or an increase in office vacancies due to factors like remote work could significantly impact the quality of these loans and result in higher loan defaults, a common risk for regional banks.

    2. Interest Rate Risk: As a financial institution, Peoples Financial Services is highly sensitive to changes in interest rates. Fluctuations can significantly impact its net interest margin, which is the difference between the interest earned on assets (like loans) and the interest paid on liabilities (like deposits). For instance, the company's Q4 2025 earnings saw a significant drop in profitability, attributed in part to lower interest income. While the net interest margin improved in Q4 2025, the ongoing volatility of interest rates remains a critical factor affecting the bank's core profitability.

    3. Regulatory and Compliance Risk: Banks operate in a heavily regulated environment, and Peoples Financial Services is no exception. The constant evolution of banking laws, capital requirements, and compliance standards presents an ongoing challenge. Failure to adhere to these regulations can result in substantial fines, penalties, and reputational damage. Keeping pace with these dynamic requirements often demands significant resources, which can be particularly challenging for regional institutions compared to larger, national banks.

    AI Analysis | Feedback

    • The rise of digital-first challenger banks and online lending platforms, which leverage technology to offer banking services with lower overhead, often providing more competitive rates, superior digital user experiences, and greater convenience. These entities directly compete with Peoples Financial Services' traditional deposit and loan products by attracting customers who prioritize digital interaction over physical branches.

    • The increasing adoption of robo-advisors and low-cost online investment platforms, which offer automated and accessible investment management services. These platforms threaten Peoples Financial Services' investment management, trust, and wealth planning services by providing affordable alternatives to traditional human advisory models.

    AI Analysis | Feedback

    Here are the addressable market sizes for Peoples Financial Services' main products and services within their operating regions:

    Pennsylvania

    • Commercial Real Estate Lending: The annual commercial real estate transaction volume in Pennsylvania is approximately $18.5 billion.
    • Commercial Leasing: The market size of the Commercial Leasing industry in Pennsylvania is projected to be $9.5 billion in 2026.
    • Small Business Lending: In 2022, large commercial banks issued $3.3 billion in loans to Pennsylvania businesses with annual revenues of $1 million or less. The total new lending to businesses through loans of $1 million or less was $9.2 billion. In 2023, these figures were $2.8 billion and $8.0 billion, respectively. Community banks in Pennsylvania provided a total of $9.2 billion in Small Business Administration (SBA) loans from 2010 to 2025 across 99% of Pennsylvania counties.
    • Residential Real Estate Market: As of January 2026, the median home sale price in Pennsylvania was $294,900. The average home value in Pennsylvania was $278,429 as of February 28, 2026.
    • Investment Management & Advice: The market size of the Portfolio Management & Investment Advice industry in Pennsylvania is estimated to be $24.3 billion in 2026. The Open-End Investment Funds industry in Pennsylvania is projected to have a market size of $6.1 billion in 2026.

    New Jersey

    • Commercial Real Estate Lending: New Jersey's commercial real estate market generated approximately $32 billion in annual transaction volume. Northern and central New Jersey, including Middlesex County (a region where Peoples Financial Services operates), recorded approximately $1.5 billion in commercial real estate sales transactions during the latter half of 2025.
    • Small Business Lending: In 2021, large banks issued $3.0 billion in loans to New Jersey businesses with revenues of $1 million or less, with total new lending to businesses through loans of $1 million or less amounting to $12.2 billion. In 2023, these figures were $2.7 billion and $7.9 billion, respectively. From 2010 to 2025, community banks provided $9.5 billion in SBA loans to New Jersey small businesses across 100% of New Jersey counties.
    • Investment Management & Advice: The market size of the Portfolio Management & Investment Advice industry in New Jersey is projected to be $12.0 billion in 2026. Households in New Jersey hold approximately $474 billion in mutual fund assets, and investment companies in the state manage $560 billion in assets (as of spring 2017).

    New York

    • Small Business Lending: In 2020, large banks reported issuing $5.8 billion in loans to New York businesses with revenues of $1 million or less. The total reported new lending to businesses through loans of $1 million or less was $30.2 billion.
    • Investment Management & Advice: The market size of the Portfolio Management & Investment Advice industry in New York is estimated to be $173.6 billion in 2026.

    AI Analysis | Feedback

    Peoples Financial Services (PFIS) is expected to drive future revenue growth over the next two to three years through several key initiatives and operational strengths:

    1. Strategic Mergers and Acquisitions: The completed merger with FNCB Bancorp in July 2024 is a significant driver. This union created a larger, approximately $5.6 billion community bank with an expanded operational footprint across Pennsylvania, New York, and New Jersey. The combination is anticipated to benefit customers with enhanced products and services, lead to new opportunities, and drive long-term growth.
    2. Expansion into New Geographic Markets: Peoples Security Bank and Trust Company, a subsidiary, plans to open its first full-service branch in Lancaster County, Pennsylvania, in Fall 2025. This expansion reflects a commitment to long-term growth and aims to build relationships with individuals, families, and businesses in this new market.
    3. Growth in Loan Portfolio: Peoples Financial Services has demonstrated a commitment to increasing its loan portfolio. For instance, the company reported an increase in its loan portfolio from $3.95 billion to $4.03 billion from the end of 2024 to the end of 2025, with strong commercial loan production in 2025. This growth in lending directly contributes to net interest income, a primary revenue source for the bank.
    4. Expanded Product and Service Offerings: The integration following the FNCB merger is set to provide customers with access to an expanded suite of products and an enhanced technical platform, offering more convenience and security. This broader offering can attract new customers and deepen relationships with existing ones, contributing to revenue growth through cross-selling and increased utilization of services.
    5. Organic Deposit Growth: The company has focused on growing organic deposits, which increased slightly to $4.43 billion in 2025 from $4.41 billion in 2024. This organic growth helps fund lending activities more efficiently and sustainably, reducing reliance on higher-cost funding sources and supporting overall revenue generation.

    AI Analysis | Feedback

    Share Repurchases

    • Peoples Financial Services Corp. restarted its previously announced stock repurchase plan after a temporary suspension.
    • As of March 31, 2023, there were 258,854 shares of Peoples common stock authorized for future repurchase under the plan.

    Share Issuance

    • On July 1, 2024, Peoples Financial Services completed its merger with FNCB Bancorp, Inc., issuing 2,935,456 shares of its common stock as the total aggregate consideration to FNCB shareholders.
    • In March 2026, company executives received common shares through the vesting of restricted stock units (RSUs), including 689 shares for the CEO and 60 net shares for an EVP.

    Outbound Investments

    • Peoples Financial Services completed the merger and acquisition of FNCB Bancorp, Inc. on July 1, 2024, which significantly expanded its geographic footprint and asset base across Pennsylvania, New Jersey, and New York.
    • On December 23, 2025, the company completed a strategic investment portfolio repositioning, selling $78.6 million in low-yield U.S. treasury bonds and reinvesting the proceeds into higher-yield securities, with an expected increase of $2.8 million in interest income.

    Peer Outperformance in Regional Banks

    PFIS has outperformed 69% of its 264 Regional Banks peers over 5Y. Regional Banks ranks 7th of 18 industries in Financials by median 5Y return.
    Share of Regional Banks constituents that PFIS has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
    1Y
    84%
    of 288 industry peers · 43.5% return
    3Y
    40%
    of 277 industry peers · 82.8% return
    5Y
    69%
    of 264 industry peers · 95.5% return
    No Regional Banks peer with a comparable growth profile has beaten PFIS by more than 20pp over 5Y.
    Median price return by industry across the Financials sector, ranked by 5Y. Regional Banks is PFIS's own industry. Use this to see which corners of the sector have carried the returns.
    Industry Names 1Y med3Y med5Y med Top 3 by 5Y
    Reinsurance 6 24.2%70.6%133.7% SPNT 170% · RGA 154% · RNR 140%
    Investment Banking & Brokerage 13 -1.7%105.1%116.5% IBKR 527% · SNEX 257% · HOOD 183%
    Diversified Banks 12 27.5%129.8%116.3% CM 161% · JPM 159% · RY 149%
    Life & Health Insurance 20 8.6%57.6%105.8% JXN 534% · UNM 373% · FG 207%
    Multi-Sector Holdings 4 6.8%50.2%87.3% JONE 361% · VOYA 88% · BRK-B 87%
    Property & Casualty Insurance 42 9.6%67.5%67.8% ASIC 2760900% · HRTG 445% · UVE 331%
    Regional Banks ← 265 23.9%91.7%67.1% ESQ 391% · GCBC 340% · VBNK 335%
    Multi-line Insurance 9 8.8%71.2%64.1% GNW 201% · L 112% · SLF 104%
    Financial Exchanges & Data 15 -0.1%17.4%32.7% VIRT 184% · CBOE 135% · CME 83%
    Diversified Financial Services 4 -7.3%22.1%32.6% FRHC 168% · EQH 119% · TMS -54%
    Consumer Finance 30 1.7%89.6%26.9% ENVA 447% · EZPW 319% · FCFS 168%
    Insurance Brokers 16 -15.1%-6.3%20.3% LIFE 200% · ARX 87% · AJG 70%
    Commercial & Residential Mortgage Finance 14 -50.2%32.8%13.9% FNMA 454% · FMCC 436% · ACT 204%
    Asset Management & Custody Banks 84 -11.7%17.6%12.0% WT 348% · SII 279% · VCTR 274%
    Specialized Finance 3 14.0%42.2%-2.8% EFC 27% · CACC -3% · HASI -16%
    Mortgage REITs 33 -13.0%7.4%-16.5% NREF 53% · RITM 42% · DX 34%
    Transaction & Payment Processing Services 15 -1.0%-5.9%-42.9% V 74% · MA 73% · CPAY 58%
    Diversified Capital Markets 20 -36.3%20.7%-48.1% OPY 196% · LPLA 136% · GOLD 90%
    Median of constituents with a full price history over each window. Top names are unfiltered by size in this render.

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    Peer Comparisons

    Peers to compare with:

    Financials

    PFISFULTSTBAWSFSUVSPCBUMedian
    NamePeoples .Fulton F.S&T Banc.WSFS Fin.Univest .Communit. 
    Mkt Price70.5423.4050.1778.8042.4862.0056.09
    Mkt Cap0.74.51.84.11.23.32.5
    Rev LTM1961,3664161,100340860638
    Op Inc LTM-------
    FCF LTM45412143243106247193
    FCF 3Y Avg3532915120087218176
    CFO LTM53426147248109308197
    CFO 3Y Avg4236115520991259182

    Growth & Margins

    PFISFULTSTBAWSFSUVSPCBUMedian
    NamePeoples .Fulton F.S&T Banc.WSFS Fin.Univest .Communit. 
    Rev Chg LTM7.1%5.9%8.1%4.5%9.4%10.2%7.6%
    Rev Chg 3Y Avg30.1%8.0%0.8%3.5%3.1%9.7%5.8%
    Rev Chg Q7.1%12.2%5.2%5.6%4.1%12.2%6.3%
    QoQ Delta Rev Chg LTM1.8%3.0%1.3%1.4%1.0%2.9%1.6%
    Op Inc Chg LTM-------
    Op Inc Chg 3Y Avg-------
    Op Mgn LTM-------
    Op Mgn 3Y Avg-------
    QoQ Delta Op Mgn LTM-------
    CFO/Rev LTM27.3%31.2%35.3%22.5%32.0%35.8%31.6%
    CFO/Rev 3Y Avg26.1%29.7%39.0%19.7%28.6%32.9%29.2%
    FCF/Rev LTM22.9%30.2%34.4%22.1%31.2%28.7%29.4%
    FCF/Rev 3Y Avg22.0%27.2%38.0%18.8%27.4%27.8%27.3%

    Valuation

    PFISFULTSTBAWSFSUVSPCBUMedian
    NamePeoples .Fulton F.S&T Banc.WSFS Fin.Univest .Communit. 
    Mkt Cap0.74.51.84.11.23.32.5
    P/S3.63.34.33.73.53.83.7
    P/Op Inc-------
    P/EBIT-------
    P/E12.411.312.712.712.014.312.6
    P/CFO13.210.512.216.510.810.611.5
    Total Yield11.6%12.1%10.8%8.8%10.5%10.0%10.7%
    Dividend Yield3.5%3.3%3.0%0.9%2.2%3.0%3.0%
    FCF Yield 3Y Avg7.1%9.3%10.4%6.2%9.5%7.3%8.3%
    D/E0.50.40.20.10.20.20.2
    Net D/E-0.2-0.5-0.5-0.60.0-0.7-0.5

    Returns

    PFISFULTSTBAWSFSUVSPCBUMedian
    NamePeoples .Fulton F.S&T Banc.WSFS Fin.Univest .Communit. 
    1M Rtn1.5%-1.0%-0.4%-1.4%2.1%-1.7%-0.7%
    3M Rtn14.4%3.0%7.9%6.5%2.5%0.2%4.8%
    6M Rtn39.6%21.3%27.7%24.5%30.4%11.8%26.1%
    12M Rtn43.5%25.3%32.0%43.7%39.5%5.5%35.8%
    3Y Rtn82.8%116.5%110.3%125.5%172.3%66.9%113.4%
    1M Excs Rtn2.9%-0.3%0.9%-0.5%2.7%-0.3%0.3%
    3M Excs Rtn12.4%1.0%5.9%4.5%0.5%-1.8%2.8%
    6M Excs Rtn23.7%6.6%11.2%9.0%14.2%-3.8%10.1%
    12M Excs Rtn26.5%11.4%19.2%29.8%26.6%-8.9%22.9%
    3Y Excs Rtn13.4%32.9%34.8%44.4%95.6%-12.3%33.8%

    Comparison Analyses

    null

    Financials

    $ Mil | FY: 12/312026Q22026Q12025Q42025Q32025Q22025Q12024Q42024Q32024Q22024Q12023Q42023Q3
    Period End6/30/20263/31/202612/31/20259/30/20256/30/20253/31/202512/31/20249/30/20246/30/20243/31/202412/31/20239/30/2023
    Filing Date8/7/20265/8/20263/16/202611/10/20258/11/20255/12/20253/28/202511/14/20248/7/20245/8/20243/15/202411/9/2023
    Key Financials Quarterly            
    Total Revenue525047474845444522232325
    Net Income1515121517156-43347
    EPS1.481.471.201.531.701.500.61-0.430.470.490.520.95
    Key Financials TTM            
    Total Revenue TTM1961921881851831571341149497101103
    Net Income TTM5759595334208617232733
    Growth Rates Quarterly            
    Total Revenue Growth7.1%10.3%5.7%5.2%115.7%98.6%88.8%80.0%-12.4%-15.0%-8.4%-11.8%
    Net Income Growth-12.7%-1.7%96.7%451.5%416.6%333.0%67.7%-164.3%-65.2%-54.3%-60.3%-32.3%
    Margins Quarterly            
    Net Income Margin28.5%29.6%25.5%32.2%35.0%33.3%13.7%-9.6%14.6%15.3%15.5%27.0%
    Cash & Debt            
    Total Cash482302356375350328582670435435442431
    Total Debt331406258305271144156190162787685
    Net Debt / (Cash)-150103-98-70-79-184-426-480-273-356-366-346
    Cash Flows Quarterly            
    FCF from Operations14816151498222397
    Cash Flows TTM            
    FCF from Operations TTM535454465341353621323336
    Returns to Shareholders Quarterly            
    Dividends666666663333
    Share Repurchases00-0-0-0-0-0-0-0-004
    Return on Invested Capital (ROIC) Quarterly            
    ROIC62.1%17.0%32.3%35.6%43.4%120.2%------
    Return on Invested Capital (ROIC) TTM            
    ROIC TTM59.5%17.0%39.9%31.1%21.6%40.1%------

    Segment Financials

    Revenue by Segment
    $ Mil20252024202320222021
    Single Segment18813410110898
    Total18813410110898


    Price Behavior

    Price Behavior
    Market Price$70.54 
    Market Cap ($ Bil)0.7 
    First Trading Date06/05/2002 
    Distance from 52W High-2.1% 
       50 Days200 Days
    DMA Price$69.73$58.33
    DMA Trendupup
    Distance from DMA1.2%20.9%
     3M1YR
    Volatility20.9%25.0%
    Downside Capture-19.7711.14
    Upside Capture53.4851.59
    Correlation (SPY)-1.0%15.8%
    PFIS Betas & Captures as of 8/31/2026

     1M2M3M6M1Y3Y
    Beta0.270.23-0.150.200.320.81
    Up Beta1.23-0.03-0.600.070.480.84
    Down Beta-1.70-0.66-0.53-0.160.140.77
    Up Capture-16%56%49%56%38%61%
    Bmk +ve Days10213268138427
    Stock +ve Days10213675141396
    Down Capture14%57%-25%10%20%92%
    Bmk -ve Days11213259113324
    Stock -ve Days11212852110349

    [1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
    Based On 1-Year Data
    Annualized
    Return    		Annualized
    Volatility    		Sharpe
    Ratio    		Correlation
    with PFIS
    PFIS42.6%25.2%1.36-
    Sector ETF (XLF)4.5%14.6%0.0845.1%
    Equity (SPY)16.9%12.9%0.9415.8%
    Gold (GLD)19.1%29.3%0.60-5.5%
    Commodities (DBC)46.3%20.6%1.73-28.7%
    Real Estate (VNQ)4.9%13.6%0.1041.7%
    Bitcoin (BTCUSD)-30.6%44.3%-0.704.5%

    Smart multi-asset allocation framework can stack odds in your favor. Learn How
    Based On 5-Year Data
    Annualized
    Return    		Annualized
    Volatility    		Sharpe
    Ratio    		Correlation
    with PFIS
    PFIS13.9%31.3%0.45-
    Sector ETF (XLF)10.1%18.4%0.4151.2%
    Equity (SPY)12.9%17.2%0.5740.4%
    Gold (GLD)19.1%18.8%0.83-2.7%
    Commodities (DBC)11.2%19.5%0.455.5%
    Real Estate (VNQ)1.1%18.8%-0.0539.6%
    Bitcoin (BTCUSD)12.5%52.5%0.4218.4%

    Smart multi-asset allocation framework can stack odds in your favor. Learn How
    Based On 10-Year Data
    Annualized
    Return    		Annualized
    Volatility    		Sharpe
    Ratio    		Correlation
    with PFIS
    PFIS9.6%35.8%0.35-
    Sector ETF (XLF)12.9%22.1%0.5355.1%
    Equity (SPY)15.1%18.0%0.7247.9%
    Gold (GLD)12.1%16.4%0.61-2.4%
    Commodities (DBC)8.3%18.1%0.3712.5%
    Real Estate (VNQ)4.4%20.7%0.1846.4%
    Bitcoin (BTCUSD)62.6%66.2%1.0214.2%

    Smart multi-asset allocation framework can stack odds in your favor. Learn How

    Short Interest

    Short Interest: As Of Date8312026
    Short Interest: Shares Quantity0.3 Mil
    Short Interest: % Change Since 815202614.4%
    Average Daily Volume0.1 Mil
    Days-to-Cover Short Interest5.0 days
    Basic Shares Quantity10.0 Mil
    Short % of Basic Shares2.5%

    Returns Analyses

    Earnings Returns History

    Updated 9/1/2026
    Expand for More
     Forward Returns
    Earnings Date1D Returns5D Returns21D Returns
    7/30/2026-1.1%0.6%-2.1%
    4/30/2026-0.4%3.5%3.0%
    1/30/20263.4%7.7%5.6%
    10/30/2025-5.5%-2.5%5.3%
    7/31/20250.5%-2.1%10.3%
    5/1/20252.2%6.1%12.6%
    2/6/2025-5.1%-3.4%-15.1%
    11/5/202413.0%8.5%13.5%
    ...
    SUMMARY STATS   
    # Positive121517
    # Negative1297
    Median Positive0.9%3.5%5.6%
    Median Negative-1.5%-3.3%-6.0%
    Max Positive13.0%8.5%21.2%
    Max Negative-5.5%-11.6%-16.4%
     Collapse to Preview
     Forward Returns
    Earnings Date1D Returns5D Returns21D Returns
    7/30/2026-1.1%0.6%-2.1%
    4/30/2026-0.4%3.5%3.0%
    1/30/20263.4%7.7%5.6%
    10/30/2025-5.5%-2.5%5.3%
    7/31/20250.5%-2.1%10.3%
    5/1/20252.2%6.1%12.6%
    2/6/2025-5.1%-3.4%-15.1%
    11/5/202413.0%8.5%13.5%
    7/25/20240.7%-5.5%-6.0%
    4/25/20240.9%1.4%8.2%
    1/25/2024-2.0%-11.6%-16.4%
    10/31/2023-1.0%5.3%9.4%
    7/26/2023-1.8%-3.1%-6.0%
    4/27/20230.9%-5.5%0.6%
    1/26/2023-0.3%2.3%-1.1%
    10/20/2022-2.7%3.7%10.7%
    7/21/2022-1.4%-0.5%2.9%
    4/26/20220.4%2.7%5.6%
    1/31/2022-0.6%-3.3%-4.7%
    10/22/20210.9%0.6%8.6%
    7/21/20210.2%2.1%4.7%
    4/23/20211.6%1.4%4.8%
    2/1/20215.8%7.2%21.2%
    11/3/2020-1.6%5.6%2.9%
    SUMMARY STATS   
    # Positive121517
    # Negative1297
    Median Positive0.9%3.5%5.6%
    Median Negative-1.5%-3.3%-6.0%
    Max Positive13.0%8.5%21.2%
    Max Negative-5.5%-11.6%-16.4%

    SEC Filings

    Expand for More
    Report DateFiling DateFiling
    06/30/202608/07/202610-Q
    03/31/202605/08/202610-Q
    12/31/202503/16/202610-K
    09/30/202511/10/202510-Q
    06/30/202508/11/202510-Q
    03/31/202505/12/202510-Q
    12/31/202403/28/202510-K
    09/30/202411/14/202410-Q
    06/30/202408/07/202410-Q
    03/31/202405/08/202410-Q
    12/31/202303/15/202410-K
    09/30/202311/09/202310-Q
    06/30/202308/08/202310-Q
    03/31/202305/10/202310-Q
    12/31/202203/15/202310-K
    09/30/202211/08/202210-Q
     Collapse to Preview
    Report DateFiling DateFiling
    06/30/202608/07/202610-Q
    03/31/202605/08/202610-Q
    12/31/202503/16/202610-K
    09/30/202511/10/202510-Q
    06/30/202508/11/202510-Q
    03/31/202505/12/202510-Q
    12/31/202403/28/202510-K
    09/30/202411/14/202410-Q
    06/30/202408/07/202410-Q
    03/31/202405/08/202410-Q
    12/31/202303/15/202410-K
    09/30/202311/09/202310-Q
    06/30/202308/08/202310-Q
    03/31/202305/10/202310-Q
    12/31/202203/15/202310-K
    09/30/202211/08/202210-Q
    06/30/202208/08/202210-Q
    03/31/202205/09/202210-Q
    12/31/202103/16/202210-K
    09/30/202111/05/202110-Q
    06/30/202108/06/202110-Q
    03/31/202105/07/202110-Q
    12/31/202003/16/202110-K
    09/30/202011/09/202010-Q
    06/30/202008/10/202010-Q
    03/31/202005/11/202010-Q
    12/31/201903/16/202010-K
    09/30/201911/07/201910-Q

    Insider Activity

    Updated 6/30/2026
    Expand for More
    #OwnerTitleHoldingActionFiling DatePriceSharesTransacted
    Value    		Value of
    Held Shares    		Form
    1Lochen, Richard S JR DirectBuy819202550.101005,010922,793Form
    2Lochen, Richard S JR DirectBuy808202547.671,00047,672873,314Form
     Collapse to Preview
    #OwnerTitleHoldingActionFiling DatePriceSharesTransacted
    Value    		Value of
    Held Shares    		Form
    1Lochen, Richard S JR DirectBuy819202550.101005,010922,793Form
    2Lochen, Richard S JR DirectBuy808202547.671,00047,672873,314Form

    Industry Resources

    External Quote Links


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    Core Cache Last Updated: 9/20/2026