The EPS beat and margin expansion are positive, but watch for rising noninterest expense growth (10.5% YoY) and the impact of higher funding costs on future NIM as the company uses CD specials and brokered deposits to fund loan growth.
Price Chart
Executive Summary
Peoples Financial Services Corp. reported Q3 2026 GAAP diluted EPS of $1.90, above the $1.71 consensus estimate, and net interest income rose 14.8% YoY to $47.3 million. The beat was driven by wider net interest margin (3.80% vs 3.54% a year ago) and a $1.1 million benefit for credit losses, while noninterest expense increased 10.5% YoY.
Key Financial Metrics
Key Facts
- Q3 2026 net income of $19.1 million, up 25.5% from $15.2 million a year ago
- GAAP diluted EPS of $1.90, beating consensus of $1.71
- Net interest income rose to $47.3 million from $41.2 million YoY
- FTE net interest margin expanded 26 bps to 3.80% from 3.54%
- Recorded a $1.1 million benefit for credit losses vs a $0.8 million benefit a year ago
- Nonperforming assets fell to 0.24% of loans from 0.42% a year ago
- Noninterest expense increased $3.0 million to $31.7 million YoY
- Total loans grew $347.1 million or 8.6% annualized from a year ago to $4.4 billion
- Total deposits increased $382.4 million or 8.9% from a year ago to $4.7 billion
Financial Impact
Q3 2026 net income $19.1M vs $15.2M YoY; EPS $1.90 vs consensus $1.71; net interest income $47.3M vs $41.2M YoY
Risk Factors
- Noninterest expense increased 10.5% YoY, outpacing revenue growth
- Cost of funds rose 9 bps linked quarter to 2.49% as the company used higher-cost funding sources
- Accumulated other comprehensive loss increased to $45.9 million from $25.6 million at June 30, 2026 due to rising rates
- Uninsured deposits were 34.8% of total deposits at September 30, 2026
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001104659-26-120674 |
| Document: pfis-20261030x8k.htm | 0001104659-26-120674 |
| Document: 0001104659-26-120674-index-headers.html | 0001104659-26-120674 |
| Document: 0001104659-26-120674-index.html | 0001104659-26-120674 |
| Document: 0001104659-26-120674.txt | 0001104659-26-120674 |
| 8-K Data (Synthetic) | 0001104659-26-120674 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 30, 2026 2d ago | 8-K | $71.90 | awaiting T+20 | awaiting T+20 | $70.32 (−2.20%) |
Sep 1, 2026 8w ago | 8-K | $70.43 $67.36 | ▼ −4.36% | ▼ −4.03% | $70.32 (−0.16%) |
May 27, 2026 22w ago | 8-K | $59.96 $65.14 | ▲ +8.64% | ▲ +10.54% | $70.32 (+17.28%) |
Apr 30, 2026 26w ago | 8-K | $56.12 $58.04 | ▲ +3.42% | ▼ −1.84% | $70.32 (+25.30%) |
US Market Status
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