A Business at a Glance
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PEOPLES FINANCIAL SERVICES CORP.
PFIS
$699M
Mkt Cap
$69.44
+2.10%
PEOPLES FINANCIAL SERVICES CORP. (PFIS) has a current P/E ratio of 12.9, compared to its historical median P/E of 11.4. The stock is currently considered Fair based on its historical valuation range.
PEOPLES FINANCIAL SERVICES CORP. (PFIS) has a 5-year average return on invested capital (ROIC) of 9.0%. This is below average and may indicate limited pricing power.
PEOPLES FINANCIAL SERVICES CORP. (PFIS) has a market capitalization of $699M. It is classified as a small-cap stock.
Yes, PEOPLES FINANCIAL SERVICES CORP. (PFIS) pays a dividend with a trailing twelve-month yield of 3.53%.
Based on historical P/E analysis, PEOPLES FINANCIAL SERVICES CORP. (PFIS) appears fair. The current P/E of 12.9 is 13% above its historical median of 11.4. The estimated fair value CAGR (P/E method) is -3.5%.
PEOPLES FINANCIAL SERVICES CORP. (PFIS) operates in the National Commercial Banks industry, within the Financials sector.
Item 1. Peoples Financial Services Corp., a bank holding company incorporated under the laws of Pennsylvania, provides a full range of financial services through its wholly-owned direct and indirect subsidiaries, including Peoples Security Bank and Trust Company and 1st Equipment Finance, Inc. Unless the context indicates otherwise, all references in this annual report to the “Peoples,” “Company,” “we,” “us” and “our” refer to Peoples Financial Services Corp. and its subsidiaries. Peoples Security Bank and Trust Company is sometimes referred to as “the Bank.” The Bank is a state-chartered bank and trust company under the jurisdiction of the Pennsylvania Department of Banking and Securities (“Department of Banking”) and the Federal Deposit Insurance Corporation (“FDIC”).
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 281M | 281M | 230M | 164M | 123M | 120M |
| Net Income | 59M | 59M | 8.5M | 27M | 38M | 44M |
| EPS | $5.88 | $5.88 | $0.99 | $3.83 | $5.28 | $6.02 |
| Free Cash Flow | 43M | 43M | 32M | 27M | 35M | 36M |
| ROIC | 16.4% | 10.9% | 2.0% | 8.0% | 11.4% | 12.7% |
| Gross Margin | 0.0% | 0.0% | - | - | - | - |
| Debt/Equity | 0.21 | 0.21 | 0.08 | 0.13 | 0.37 | 0.04 |
| Dividends/Share | $2.45 | $2.47 | $2.06 | $1.64 | $1.58 | $1.50 |
| Operating Income | 72M | 72M | 8.5M | 33M | 45M | 54M |
| Operating Margin | 25.7% | 25.7% | 3.7% | 19.8% | 36.8% | 44.7% |
| ROE | 11.4% | 12.0% | 2.1% | 8.4% | 11.6% | 13.2% |
| Shares Outstanding | 10M | 10M | 9M | 7M | 7M | 7M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 73M | 79M | 85M | 91M | 98M | 109M | 111M | 120M | 123M | 164M | 230M | 281M | 281M |
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% | 0.0% |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 46M | 22M | 22M | 27M | 28M | 31M | 30M | 30M | 34M | 35M | 46M | 56M | 56M |
| EBIT | 30M | 22M | 25M | 27M | 28M | 29M | 34M | 54M | 45M | 33M | 8.5M | 72M | 72M |
| Op. Margin | 41.0% | 28.2% | 29.0% | 29.1% | 28.8% | 26.6% | 30.9% | 44.7% | 36.8% | 19.8% | 3.7% | 25.7% | 25.7% |
| Net Income | 18M | 18M | 20M | 18M | 25M | 26M | 29M | 44M | 38M | 27M | 8.5M | 59M | 59M |
| Net Margin | 24.3% | 22.5% | 23.1% | 20.2% | 25.3% | 23.7% | 26.5% | 36.4% | 30.9% | 16.7% | 3.7% | 21.0% | 21.0% |
| Non-Recurring | 0 | -87K | 0 | 2.3M | 0 | 0 | 918K | 50K | 175K | -3K | -165K | -74K | -74K |
| Returns on Capital | |||||||||||||
| ROIC | 7.6% | 6.0% | 6.3% | 5.9% | 7.9% | 7.9% | 8.8% | 12.7% | 11.4% | 8.0% | 2.0% | 10.9% | 16.4% |
| ROE | 7.2% | 7.2% | 7.7% | 7.1% | 9.2% | 8.9% | 9.5% | 13.2% | 11.6% | 8.4% | 2.1% | 12.0% | 11.4% |
| ROA | 1.0% | 1.0% | 1.0% | 0.9% | 1.1% | 1.1% | 1.1% | 1.4% | 1.1% | 0.8% | 0.2% | 1.1% | 1.1% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 22M | 29M | 28M | 29M | 33M | 37M | 37M | 41M | 42M | 33M | 35M | 54M | 54M |
| Free Cash Flow | 21M | 25M | 21M | 22M | 29M | 31M | 35M | 36M | 35M | 27M | 32M | 43M | 43M |
| Owner Earnings | 20M | 28M | 27M | 27M | 31M | 36M | 36M | 40M | 41M | 32M | 31M | 48M | 48M |
| CapEx | 1.2M | 4.4M | 6.8M | 6.2M | 4.1M | 5.6M | 2.3M | 4.9M | 7.8M | 5.9M | 2.6M | 11M | 11M |
| Maint. CapEx | 1.7M | 1.2M | 1.2M | 1.0M | 881K | 730K | 606K | 491K | 363K | 105K | 3.4M | 6.4M | 6.4M |
| Growth CapEx | 0 | 3.2M | 5.6M | 5.2M | 3.2M | 4.9M | 1.7M | 4.4M | 7.5M | 5.8M | 0 | 4.5M | 4.5M |
| D&A | 1.7M | 1.2M | 1.2M | 1.0M | 881K | 730K | 606K | 491K | 363K | 105K | 3.4M | 6.4M | 6.4M |
| CapEx/OCF | 5.4% | 15.1% | 24.1% | 21.8% | 12.5% | 15.1% | 6.2% | 12.0% | 18.5% | 17.8% | 7.6% | N/A | 20.1% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 9.4M | 9.3M | 9.2M | 9.3M | 9.7M | 10M | 11M | 11M | 11M | 12M | 18M | 25M | 25M |
| Dividend Yield | 4.0% | 4.5% | 4.4% | 3.9% | 3.8% | 3.9% | 4.6% | 4.1% | 3.5% | 4.1% | 5.1% | N/A | 3.5% |
| Share Buybacks | 70K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Buyback Yield | 0.0% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% | 0.0% |
| Stock-Based Comp | 70K | 69K | 71K | 177K | 272K | 554K | 570K | 546K | 534K | 888K | 786K | 348K | 348K |
| Debt Repayment | 3.5M | 2.8M | 2.2M | 8.4M | 12M | 21M | 18M | 12M | 2.2M | 555K | 23M | 41M | 41M |
| Balance Sheet | |||||||||||||
| Net Debt | -326M | -219M | -159M | -137M | -178M | -177M | -456M | -785M | -398M | -629M | -704M | -747M | -160M |
| Cash & Equiv. | 25M | 33M | 40M | 37M | 33M | 31M | 228M | 280M | 38M | 187M | 136M | 269M | 269M |
| Long-Term Debt | 33M | 60M | 58M | 50M | 38M | 33M | 18M | 12M | 2.2M | 25M | 23M | 76M | 76M |
| Debt/Equity | 0.21 | 0.40 | 0.55 | 0.65 | 0.45 | 0.62 | 0.21 | 0.04 | 0.37 | 0.13 | 0.08 | 0.21 | 0.21 |
| Interest Coverage | 4.5 | 4.7 | 4.4 | 4.1 | 3.1 | 2.6 | 3.4 | 6.7 | 3.9 | 1.6 | 1.1 | 0.0 | 0.9 |
| Equity | 247M | 249M | 257M | 265M | 279M | 299M | 317M | 340M | 315M | 340M | 469M | 520M | 520M |
| Total Assets | 1.7B | 1.8B | 2.0B | 2.2B | 2.3B | 2.5B | 2.9B | 3.4B | 3.6B | 3.7B | 5.1B | 5.3B | 5.3B |
| Total Liabilities | 1.5B | 1.6B | 1.7B | 1.9B | 2.0B | 2.2B | 2.6B | 3.0B | 3.2B | 3.4B | 4.6B | 4.8B | 4.8B |
| Intangibles | 63M | N/A | N/A | N/A | 2.3M | 1.6M | 960K | 468K | 105K | N/A | 34M | 28M | 28M |
| Retained Earnings | 92M | 101M | 111M | 121M | 137M | 152M | 171M | 204M | 231M | 249M | 239M | 274M | 274M |
| Working Capital | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0 | 0 |
| Current Assets | 5.5M | 5.4M | 4.2M | 3.2M | 2.3M | 1.6M | 960K | 468K | N/A | N/A | N/A | 0 | 0 |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0 | 0 |
| Per Share Data | |||||||||||||
| EPS | 2.34 | 2.36 | 2.65 | 2.50 | 3.37 | 3.47 | 4.00 | 6.02 | 5.28 | 3.83 | 0.99 | 5.88 | 5.88 |
| Owner EPS | 2.68 | 3.72 | 3.63 | 3.71 | 4.26 | 4.83 | 4.91 | 5.50 | 5.75 | 4.51 | 3.56 | 4.72 | 4.72 |
| Book Value | 32.72 | 33.13 | 34.73 | 35.89 | 37.68 | 40.32 | 43.18 | 47.05 | 43.71 | 47.62 | 54.63 | 51.64 | 51.64 |
| Cash Flow/Share | 2.91 | 3.89 | 3.80 | 3.87 | 4.41 | 5.00 | 5.07 | 5.64 | 5.87 | 4.65 | 4.05 | 5.39 | 6.52 |
| Dividends/Share | 1.24 | 1.24 | 1.24 | 1.26 | 1.31 | 1.37 | 1.44 | 1.50 | 1.58 | 1.64 | 2.06 | 2.47 | 2.45 |
| Shares Out. | 7.5M | 7.5M | 7.4M | 7.4M | 7.4M | 7.4M | 7.3M | 7.2M | 7.2M | 7.1M | 8.6M | 10.1M | 10.1M |
| Valuation | |||||||||||||
| P/E Ratio | 14.7 | 11.6 | 13.4 | 14.1 | 9.9 | 11.4 | 7.6 | 7.4 | 8.4 | 11.6 | 49.1 | N/A | 11.8 |
| P/FCF | 12.5 | 8.3 | 12.3 | 11.7 | 8.6 | 9.3 | 6.4 | 9.0 | 9.3 | 11.6 | 13.0 | N/A | 16.1 |
| EV/EBIT | 10.5 | 9.6 | 11.4 | 11.2 | 8.1 | 8.9 | 0.9 | N/A | 6.5 | 1.6 | 3.1 | N/A | 7.5 |
| Price/Book | 1.1 | 0.8 | 1.0 | 1.0 | 0.9 | 1.0 | 0.7 | 0.9 | 1.0 | 0.9 | 0.9 | N/A | 1.3 |
| Price/Sales | 3.2 | 2.9 | 2.7 | 2.9 | 3.0 | 2.9 | 2.4 | 2.4 | 3.0 | 2.8 | 2.7 | N/A | 2.5 |
| FCF Yield | 8.0% | 12.1% | 8.1% | 8.6% | 11.6% | 10.7% | 15.7% | 11.1% | 10.7% | 8.6% | 7.7% | N/A | 6.2% |
| Market Cap | 259M | 205M | 263M | 261M | 247M | 294M | 222M | 322M | 321M | 316M | 417M | 0 | 699M |
| Avg. Price | 31.10 | 27.78 | 27.98 | 32.40 | 34.08 | 35.33 | 31.25 | 36.86 | 44.38 | 39.64 | 41.57 | 0.00 | 69.44 |
| Year-End Price | 34.38 | 27.31 | 35.56 | 35.33 | 33.34 | 39.66 | 30.25 | 44.60 | 44.55 | 44.24 | 48.62 | 0.00 | 69.44 |
PEOPLES FINANCIAL SERVICES CORP. passes 3 of 9 quality checks, indicating weak fundamentals.
PEOPLES FINANCIAL SERVICES CORP. trades at 12.9x trailing earnings, compared to its 15-year median P/E of 11.4x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 19.4x vs a median of 9.3x. The company's 5-year average ROIC is 9.0%. Total shareholder yield (dividends) is 3.5%. At current prices, the estimated annualized return to fair value is -4.1%.
PEOPLES FINANCIAL SERVICES CORP. (PFIS) reported annual revenue of $281 million in its most recent fiscal year, based on SEC EDGAR filings.
PEOPLES FINANCIAL SERVICES CORP. (PFIS) has a net profit margin of 21.0%. This is a strong margin indicating high profitability.
PEOPLES FINANCIAL SERVICES CORP. (PFIS) generated $43 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
PEOPLES FINANCIAL SERVICES CORP. (PFIS) has a debt-to-equity ratio of 0.21. This indicates a conservatively financed balance sheet.
PEOPLES FINANCIAL SERVICES CORP. (PFIS) reported earnings per share (EPS) of $5.88 in its most recent fiscal year.
PEOPLES FINANCIAL SERVICES CORP. (PFIS) has a return on equity (ROE) of 12.0%. This indicates moderate shareholder returns.
The Ledger Terminal provides 16 years of financial data for PEOPLES FINANCIAL SERVICES CORP. (PFIS), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
PEOPLES FINANCIAL SERVICES CORP. (PFIS) has a book value per share of $51.64, based on its most recent annual SEC filing.