Peoples Financial Services Corp. (OTCQB:PFIS) is a small-cap regional bank that is headquartered in Pennsylvania and has a market cap of $108.05 million. When last reported, the bank had $688.9 million in assets, $596.9 million in deposits and a tangible book value of $21.74 per share.
A lot of interesting events have been going on at this neighborhood bank with all of them aimed at increasing shareholder returns and value. With that in mind, below I have outlined the bank's recent performance, current financial position and strategy. All of which I believe set the bank up for a very long period of growth.
2nd Quarter Highlights
- Reported net income of $2.282 million or $0.74 per share bringing